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Just Listed in Arlington

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

Arlington’s real estate market picked up some steam this week as we head into a typically strong fall market.

Sellers did their part by listing 72 homes, while buyers ratified 48 contracts. That’s an improvement over last week’s 45 ratified contracts, but I would have expected much more this week.

The week started with interest rates taking some leaps. The 30-yr fixed rate mortgage went from 3.5% last week to 3.625%-3.75% early this week. Despite the uptick, the number of mortgage purchase loan applications so far this month is up 9% over last year, according to Freddie Mac.

So far, all the media talk about a possible recession around the corner hasn’t hurt our housing market locally. One of the first indicators that our local market is slowing is the number of sales in luxury homes. Higher end sales are doing well. Last summer, there were 88 homes that sold for $1.2 million or more. This summer, there were 106 sales, and the days on market dropped from 92 to 45. However the average sales price also dropped a bit from $1,639,246 last summer to $1,609,176.

Buyers should be happy to hear that Arlington’s inventory has improved. Just a few months ago, there was less than 1 months supply, meaning at that pace of sales there would be no homes left to buy if nothing else was listed. This week the inventory is now 1.4 months, a big improvement.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

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Camps are just the beginning of what’s in store at Art House 7 this summer. We’re thrilled to offer an array of exciting classes for both kids and adults!Rediscover your creativity with some of our AH7 favorites, such as drawing, hand-sewing, modern embroidery, and our popular 3-week Jump into Crochet classes. But that’s not all! We’ve added some fresh and exciting options to our summer class selection, guaranteed to spark your imagination.

To enhance your artistic journey, we have intensified some of our Ceramics: The Wheel classes to a full 3-hour duration. This extended time allows for more creativity and skill development in each class session. If you’re eager for a captivating twist, give Contemporary Still-Life Drawing & Painting a go. Or why not try an immersive outdoor painting adventure? We have a unique opportunity for you to bring your painting skills to life while learning and creating in the great outdoors with our Landscape Painting: Studio and Plein Air class!

We invite you to visit our website and explore our full Summer Session schedule, brimming with a diverse range of classes and camps. Classes and camps begin June 20th. Unleash your inner artist, broaden your horizons, and embark on a summer adventure like no other. Let’s make this a summer to remember at Art House 7!

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Join ACFCU’s mortgage loan officers

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