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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.”

It is time to bid you farewell my friends.

I’d like to thank all our readers who have tuned in over the last eight years to catch up on the Arlington real estate market. This is my final blog post, as it is time to pass the torch to the next generation who will carry on. The Andors Real Estate Group with Keller Williams Realty will continue with the Just Listed post, and I’m sure you will love their posts as well. The Andors Group has focused on the Arlington market since 1995.

Team Cathell is not going away. We are still here to help all our clients with their real estate needs, advice and counseling.

Here’s your update on the market: It’s so crazy out there right now it’s near the point of insane. We have been ringing the warning bell for months on the effects of low inventory, and now we are witnessing the street fights. It’s rare to witness a transaction in Arlington that is NOT a bidding war. Buyers have even soaked up the stale inventory on the market for 6-9 months. Now new listings are gone in two weeks or less.

Some 47 sellers listed their homes this week, while 49 buyers ratified contracts. And 18 new listings sold within a week. So the inventory level is getting worse, not better…

Here’s how bad it is for buyers. Arlington has a total of 149 homes actively for sale. With an absorption rate of 196 homes per month, that’s only 0.76 months of inventory, well below our earlier low mark of one month. Remember, 5.5 months of inventory is considered a market in equilibrium, neither a buyers market nor sellers market. We are currently in the most extreme sellers market since 2004.

There is a tiny bit of good news for buyers this week. Mortgage interest rates dipped 1/8% to 3.5% for a 30-yr fixed rate. If only a buyer could find a home.

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

Good Thursday 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…

Last year, an attempt to broaden the Arlington police auditor’s access to police records quietly fizzled before reaching the public for discussion.

George Mason University’s new Fuse at Mason Square in Arlington, is poised to become a 345,000-square-foot collaborative and digital innovation space in the heart of the Rosslyn-Ballston Corridor. “As Mason expands in…

These tree care companies serve Arlington County and received Washington Consumers’ Checkbook’s top rating for quality (as reported by their customers in Checkbook’s surveys).

Award-winning drag queen Tara Hoot is bringing her Family Fun Story Time Brunch to Arlington at Freddie’s Beach Bar! Saturday April 6 at noon! Join Tara for songs, stories, puppets, bubbles and joy! It’s not just stories, it’s a SHOW that’s perfect for kids and kids at heart–fun for everyone! Plus a tasty brunch at Freddie’s! Click the link and make your reservations now! ❤️ 🫧 🌈

Submit your own Announcement here.

The Summer 2024 STEAM (Science/Technology/Engineering/Arts/Math) Fellowship application is now open! Apply by April 15 to be considered!

The STEAM Workforce Development Teacher Fellowship provides Arlington Public Schools (APS) high school, middle school, and elementary school teachers with opportunities to learn about workplace needs in STEAM-related fields and for them to use the experience to enhance student learning to match workplace expectations in a selected industry. STEAM Fellows participate in a three-week summer fellowship, receiving a $4,000 stipend upon completion.

Applicants planning to pursue a fellowship in the arts must demonstrate how they will build connections between the arts and science, technology, engineering, or mathematics.

Click the button to learn more, share, apply, and see the variety of fellowships completed in previous years.

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Submit your own Announcement here.

Free Right-Sizing Workshop – How to Get Rid of Your…

Cody Chance and Dick Nathan of Long & Foster are hosting a free workshop at our office on Cherry Hill Rd. (formerly Lee Highway) on the topic of “down-sizing” Thursday, March 28 from 5:30-7:30. We have created a workbook with

Portofino Italian Wine Dinner, April 6, 6:30pm

Four course Italian dinner, paired with 2 wines each. The wines will be served “blind” and notes on each wine will be discussed. The event is coordinated with Elite Wine Importers and The Portofino Restaurant. The dinner is on Saturday,

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