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.”
The holiday Labor Day weekend drew more buyer attention than the negotiating table. Buyers ratified only 41 contracts this week, the fewest since New Year’s week. But sellers braved the market and listed 71 homes with a nice selection of mid-priced single family properties. Check out what could be the narrowest home in Arlington (12-ft wide) at 711 N. Barton Street.
Interest rates remained virtually unchanged this week, dropping just two basis points to about 3.97% for a 30-yr fixed rate with no points. It seems homeowners got the memo with a spike in refinancing in the last two weeks. Good for them. A promising sign for the fall market is that purchase mortgage applications are up 5% over this time last year.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 4508 34TH ST S, ARLINGTON, VA 22206 – $494,900
- 800 IVY ST, ARLINGTON, VA 22204 – $675,900
- 713 NELSON ST, ARLINGTON, VA 22203 – $725,000
- 315 BARTON ST N, ARLINGTON, VA 22201 – $739,900
- 628 HARRISON ST N, ARLINGTON, VA 22205 – $995,000
- 711 BARTON ST N, ARLINGTON, VA 22201 – $1,050,000
- 1512 COLONIAL TER N, ARLINGTON, VA 22209 – $1,299,998
- 3917 LORCOM LN, ARLINGTON, VA 22207 – $1,350,000
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.”
Finally we have some inventory!
This past week more properties came on the market than went under contract. Looks like the spring inventory is prying loose. Some 63 new listings came on the market ranging from $140,000 to a new home in Lyon Village priced at $2.2 million.
Meanwhile, 46 properties sold at a remarkably low average days on market of only 21. So buyer activity is holding steady. It’s still a strong sellers market as we enter prime spring season, but it appears that fresh inventory is finally coming onto market to delight the buyers.
Here are just a few of the new home listings this week:
- 3601 5TH ST S #303, ARLINGTON, VA 22204 – $235,000
- 4623C 28TH RD S #C, ARLINGTON, VA 22206 – $329,000
- 3052 ABINGDON ST S #C2, ARLINGTON, VA 22206 -$359,500
- 2600 16TH ST S #700, ARLINGTON, VA 22204 – $405,000
- 4115D FOUR MILE RUN DR #D, ARLINGTON, VA 22204 – $450,000
- 5239 CARLIN SPRINGS RD, ARLINGTON, VA 22203 – $600,000
- 4521 39TH ST N, ARLINGTON, VA 22207 – $1,850,000
- 3164 17TH ST N, ARLINGTON, VA 22201 – $2,239,000
You can access all active listings in Arlington on the Cathell Team website.
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.”
The Arlington market is crazy, and getting worse for buyers.
Since last week, only 33 new listings have come on the market ranging in price from $199k to $2.2m, while 44 properties went under contract. The average days on market is now only 19. The total available inventory right now is only 323 properties, of which 94 are over $1 million. The snowy weather may be holding back sellers from putting their homes on the market, but it doesn’t seem to be slowing down the buyers.
The only good news this week for buyers is that mortgage interest rates have NOT gone up much but held steady at about 4.25% for 30-yr fixed.
Here are just a few of the new home listings this week:
- 1752 RHODES ST #6-325, ARLINGTON, VA 22201 – $305,000
- 2895 ABINGDON ST #A2, ARLINGTON, VA 22206 – $424,900
- 1001 VERMONT ST N #706, ARLINGTON, VA 22201 – $499,500
- 6026 27TH ST N, ARLINGTON, VA 22207 – $699,900
- 2823 YUCATAN ST N, ARLINGTON, VA 22213 – $849,999
- 1820 TUCKAHOE ST, ARLINGTON, VA 22205 – $974,900
- 804 BARTON ST N, ARLINGTON, VA 22201 – $1,049,900
- 3711 VERNON ST N, ARLINGTON, VA 22207 – $2,235,000
You can access all active listings in Arlington on the Cathell Team website.
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is sponsored by Team Cathell, ”Your Orange Line Specialists.”
Some good news… inventory has started to creep up in Arlington.
But now the bad news …. buyers ratified more contracts this past week than the number of new listings, so the inventory pool has shrunk about 4%.
Weather permitting, we should start to see more new listings come on the market in the coming weeks. Meanwhile, mortgage rates have held steady but most mortgage analysts expect rates to edge up slightly in the next few weeks. Should you consider refinancing? It’s not too late. If your current rate is 5/8% to 3/4% higher than a current rate available to you, and you expect to keep your property more than 40 months, then it may make sense and save you money to refinance now before rates increase.
Here are just a few of the new listings this week:
- 3070 ABINGDON ST S, ARLINGTON, VA 22206 – $427,500
- 3835 9TH ST N #310W, ARLINGTON, VA 22203 – $499,900
- 1021 GARFIELD ST #138, ARLINGTON, VA 22201 – $560,000
- 6053 18TH ST N, ARLINGTON, VA 22205 – $825,000
- 1535 UTAH ST N, ARLINGTON, VA 22207 – $849,000
- 938 DANIEL ST N, ARLINGTON, VA 22201 – $998,000
- 721 EDGEWOOD ST N, ARLINGTON, VA 22201 – $1,275,000
- 3819 30TH ST N, ARLINGTON, VA 22207 – $1,460,000
You can access all active listings in Arlington on the Cathell Team website.
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is sponsored by Team Cathell, ”Your Orange Line Specialists.”
Some 43 new properties came on the market in Arlington this past week, ranging in price from $238k to $1.974m. Meanwhile, 45 properties went under contract further shrinking the already low inventory to a total of 324 active properties for sale in Arlington. According to MRIS, there is a 3 month supply of inventory beginning this new year. The industry considers a 5.5 month supply of inventory as market equilibrium. As buyers already know, we are now in a sellers’ market that will push prices up while interest rates will also rise.
Here are just a few of the new listings this week:
- 2030 ADAMS ST N #1003, ARLINGTON, VA 22201 – $299,900
- 1304 MEADE ST #EN206, ARLINGTON, VA 22209 – $335,000
- 804 HIGHLAND ST, ARLINGTON, VA 22204 – $675,000
- 1020 MONTANA ST, ARLINGTON, VA 22205 – $685,827
- 5718 27TH ST N, ARLINGTON, VA 22207- $730,000
- 407 UPTON CT N, ARLINGTON, VA 22203 – $835,000
- 1026 CLEVELAND ST N, ARLINGTON, VA 22201 – $847,350
- 1705 WAYNE ST N, ARLINGTON, VA 22201 – $1,249,000
You can access all active listings in Arlington on the Cathell Team website.
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is sponsored by Team Cathell, ”Your Orange Line Specialists.”
Housing inventory remains very low which is typical this time of year.
In the last week, Arlington saw only 41 new listings come on the market ranging in price from $69k to $3.5m. During that period, 43 properties went under contract with an average days on market of 43. Also this last week, the Federal Reserve indicated it will ease back further on purchases of 10-yr Treasury notes and mortgage backed securities. It will drop purchases from current rate of $75 billion per month to $65 billion. The impact will be gradual increases in the long-term interest rates such as mortgages. So if you plan on buying real estate this year, don’t delay. Lock in lower prices and lower interest rates before they start climbing.
Here are just a few of the new listings this week:
- 4635 20TH RD N #9, ARLINGTON, VA 22207 – $200,000
- 4500 FOUR MILE RUN DR #225, ARLINGTON, VA 22204 – $325,000
- 4808 29TH ST S #A1, ARLINGTON, VA 22206 – $393,500
- 1800 WILSON BLVD #330, ARLINGTON, VA 22201 – $429,900
- 5714 27TH ST N, ARLINGTON, VA 22207 – $720,000
- 631 EDISON ST, ARLINGTON, VA 22203 – $750,000
- 2515 KENMORE CT, ARLINGTON, VA 22206 – $800,000
- 1881 NASH ST #2109, ARLINGTON, VA 22209 – $3,100,000
You can access all active listings in Arlington on the Cathell Team website.
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is sponsored by Team Cathell, “Your Orange Line Specialists.”
You don’t normally think of January as the spring, but the spring real estate market is already upon us.
Buyer activity has picked significantly and after a lean 2013 with low inventories the entire year, we are now starting to see more properties coming on the market. With both property values and interest rates rising in Arlington, we can expect to see heightened buyer demand early this year as consumers hurry to lock in prices and mortgage rates before they go up.
Here are just a few of the new listings.
- 229 THOMAS ST N #G1-J, ARLINGTON, VA 22203 – $375,000
- 880 POLLARD ST #1005, ARLINGTON, VA 22203 – $485,000
- 2624 KENMORE CT S, ARLINGTON, VA 22206 – $579,900
- 929 MADISON ST N, ARLINGTON, VA 22205 – $699,000
- 5712 20TH ST N, ARLINGTON, VA 22205 – $725,000
- 4506 4TH RD N, ARLINGTON, VA 22203 – $775,000
- 4042 35TH ST N, ARLINGTON, VA 22207 – $789,000
- 2616 OHIO ST, ARLINGTON, VA 22207 – $1,499,000
You can access all active listings in Arlington on the Cathell Team website.
