Arlington Inventory Still Low, Median Sales Price Increases 2.5%

A total of 255 properties sold in August in July, a huge number for the last month of the Summer. Of those, only 8 were short sales and 1 was a foreclosure. Inventory is still down, this time by 28% of last years levels, while median sale price increased by 2.5% and the average sale price to asking ratio was 96.5%. The numbers in paranthesis listed below reflect median days on the market (the number before it is the average).

Single Family, Detached
North Arlington Average Net Sale Price: $774,672 after 48 days  (15)
Range: $460,000 – $1,580,000
South Arlington Average Net Sale Price: $628,643 after 45 days (23)
Range: $370,000 – $985,000

Townhomes
North Arlington Average Net Sale Price: $799,672 after 60 days (26)
Range: $432,000 – $1,625,000
South Arlington Average Net Sale Price: $294,500 after 24 days (16)
Range: $243,000 – $425,000

1 Bedroom, 1 Bathroom Condos
North Arlington Average Net Sale Price: $378,172 after 48 days (17)
Range: $160,000 – $949,800
South Arlington Average Net Sale Price: $241,181 after 55 days (34)
Range: $106,000 – $340,000

2 Bedroom, 2 Bathroom Condos
North Arlington Average Net Sale Price: $606,694 after 47 days (22)
Range: $200,000 – $1,325,000
South Arlington Average Net Sale Price: $416,147 after 43 days (11)
Range: $278,981 – $557,500

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