Submit Content

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.”

What a difference a year makes. While Arlington’s real estate market is still healthy, it’s not robust. With so much demand for housing in Arlington, you’d think buyers would be more active ratifying contracts. But they’re not, and it’s puzzling as to why.

Let’s put it in perspective. This week, buyers ratified only 26 contracts while sellers listed 36 homes. There are currently only 211 homes actively for sale. Mortgage interest rates are steady at 3.75% for a 30-yr fixed rate.

However a year ago this same week, buyers ratified 68 contracts, sellers listed just 24 homes, there were 350 homes for sale, and mortgage rates were 4.75%, a full one percent higher. Granted, buyers and investors may have been motivated by Amazon’s announcement two weeks earlier that it selected Arlington for its HQ2.

But with interest rates so low today, why aren’t more buyers out there ratifying contracts? Economists point to chronic low inventory, and certainly that’s a factor, but I don’t think that explains current buyer behavior. It may take a few more months of data for other factors to be detected.

The outlook is bleak. If we think the low inventory situation is bad now, economist point to worsening conditions over the next 20 years as our population grows and ages, and housing demand spikes. The current rate of home builders delivering more supply will lag far behind growing demand creating an even greater crisis for available housing. So these may be the good times right now. It’s hard to imagine that.

My advice to buyers: Get purposeful, make home buying a priority, select an assertive professional agent to help you not just FIND the home, but more importantly win the bidding war, and don’t be discouraged by failure. If you don’t focus on your mission, you will forever be a home shopper, and never a home buyer.

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

Recent Stories

A man who was charged with a hate crime after allegedly shoving a restaurant employee in Crystal City and refusing to pay for his meal pled guilty to a lesser…

Many myths surround car maintenance and repair but CarCare To Go is here to debunk them and provide simplicity to car repair.

A new survey shows that a majority of Arlingtonians are satisfied with public transit, but their levels of satisfaction vary by geography. Mobility Lab, a division of Arlington County Commuter…

The work of Latin American entrepreneurs and how their cultures have inspired them is highlighted during Hispanic Heritage Month.

INF Care Virtual Concierge is a new and inviting option to remote assistance that leverages the best of what technology should encompass with quality interaction.

For the busy individual that needs a way to reduce stress and tackle caring for an older family member that lives alone.

or

For the maturing adult that just needs help with everyday tedious tasks, connectivity, and access to data on their everyday habits to pinpoint areas that need more attention.

Read More

Submit your own Community Post here.

Looking for a more convenient way to work out?

On the Go Fitness Pro offers in home personal training. We bring the gym to you, so you can save time and skip the hassle of going to the gym. Plus, our trainers are certified and experienced, so you can be sure you’re getting the best possible workout.

We provide all the equipment needed for a great workout or we can use the equipment that you have.

Schedule a free consultation today and see how we can help you achieve your fitness goals.

Read More

Submit your own Community Post here.

Mini Photo Sessions for Family & Pets

Mini Family & Pet Photo Sessions
Beat the rush and sign up to get your holiday photos now!

Bring your kids! Bring your dogs!

Check out the DeSilva Studios website. Look at the images and see if you like them

Vini Franchetti Wine Dinner

Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!

Sunday, Oct 9 @ 6pm

Special Guest: This wine dinner we will be hosting the wine maker

×

Subscribe to our mailing list