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.”
For a second straight week, buyer activity in Arlington’s fall real estate market has performed more like the summer doldrums.
Buyers ratified only 45 contracts this week, a few less than last week’s ho hum results. Sellers however stepped up and listed 62 homes.
A recent report from Redfin indicates that the bidding wars have significantly dropped nationally in the last year from an average of 41% of sales to just 11% last month. San Francisco leads in the bidding wars, followed by San Diego. A year ago, San Francisco had bidding wars in 73% of transactions, but last month that dropped to 32%. San Diego went from 49% to 21%. And our DMV area went from 41% last year to just 9.3% last month. The robust U.S. housing market may be losing its edge.
Federal Reserve meeting notes were released this week indicating the board may NOT be ready to lower its short term rate later this year as the financial markets have anticipated. The board will take a wait and see approach.
The notes also indicated that the board’s concern for the protracted weakness in business investment, manufacturing and exports may be worse than expected. They cited strong employment numbers and continued consumer spending as propping up the U.S. economy.
Meanwhile, mortgage rates have remained fairly stable at 3.625% for a 30-yr fixed rate.
What can you do to create a bidding war on your home? Two dominant themes prevail on those homes that attracted multiple offers:
- The homes are updated and in pristine condition, like new with nothing left to do
- The homes are priced properly, or maybe even a bit low to attract more buyers
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1729 N. Queens Lane #1-117, Arlington, VA 22201 — $299,000
- 4079 S. Four Mile Run Drive #302, Arlington, VA 22204 — $418,000
- 381 N. Granada Street, Arlington, VA 22203 — $695,000
- 6306 17th Street N., Arlington, VA 22205 — $799,000
- 1524 N. Abingdon Street, Arlington, VA 22207 — $879,900
- 1210 N. Frederick Street, Arlington, VA 22205 — $1,075,000
- 1311 N. Highland Street, Arlington, VA 22201 — $1,399,900
- 3605 N. Military Road, Arlington, VA 22207 — $1,449,000
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
A former ABC News producer whose Columbia Pike apartment was raided by the FBI last year has been sentenced. James Gordon Meek, 53, pleaded guilty in July to transportation and…
Metrorail service was suspended on the Blue and Yellow lines today after a train derailed.
4 bedroom 3 bath 2 car garage 1/4 acre Jamestown Williamsburg Yorktown pyramid
At Generation Hope, we’re dedicated to supporting teen parents in college as they work toward earning their degrees. We are in need of caring child care volunteers for upcoming events on Saturday, October 21st (in Washington, DC), and Saturday, November 4th (in Arlington, VA). Join our growing volunteer community and support us at an event this fall!
At all of our events, we provide free onsite child care for the children of the teen parents we serve, creating a nurturing environment for the kiddos while their parents learn valuable life skills and build community.
If you enjoy working with children and are looking to make an immediate impact in your community, please visit https://www.generationhope.org/volunteer to learn more.
Join us for Arlington’s biggest civil rights & social justice event of the year. The banquet is back in person at the Arlington Campus of George Mason University.
Our keynote speaker this year is Symone Sanders from MSNBC and former Chief of Staff for Vice-President Kamala Harris.
The Master of Ceremonies is Joshua Cole, former state delegate, NAACP President, and local pastor.
Tickets/seating are limited. Purchase your ticket today! Sponsorship opportunities available.
Cody Chance and Dick Nathan of Long & Foster are hosting an online workshop on the topic of “down-sizing” Wednesday, October 4 from 5:30-7:00 p.m. Every great endeavor begins with a great plan. This workshop will give you the tools