Arlington Market Statistics for April 2011: Condos and Townhomes Gain, While Detached Homes Fall Slightly

There were 217 properties sold in April 2011, of which 8 were short sales and 9 were bank owned, accounting for a 7.8% market share. According to the Northern Virginia Association of Realtors(R) condos saw an average increase of 5% in the average net sale price over April 2010, while townhomes increased by 16% year over year. The surprise number came from the detached homes around town, which feel by 6% in average net sale price over 2010. Compare the breakdown of property type to April 2010:

Single Family Homes, Detached

N. Arlington Average Net Sale Price: $775,765 after 74 days
Range: $328,000 – $1,480,000
S. Arlington Average Net Sale Price: $612,298 after 59 days
Range: $300,500 – $1,139,544

Townhomes

N. Arlington Average Net Sale Price: $797,917 after 26 days
Range: $570,000 – $1,075,000
S. Arlington Average Net Sale Price: $356,119 after 87 days
Range: $200,000 – $662,950

1 Bedroom, 1 Bath Condos

N. Arlington Average Net Sale Price: $317,127 after 34 days
Range: $175,000 – $650,000
S. Arlington Average Net Sale Price: $260,236 after 75 days
Range: $147,500 – $350,000

2 Bedroom (or 1 Bedroom + Den), 1 Bath Condos

N. Arlington Average Net Sale Price: $329,750 after 27 days
Range: $210,000 – $413,500
S. Arlington Average Net Sale Price: $264,477 after 152 days
Range: $90,000 – $400,000

2 Bedroom, 2 Bath Condos

N. Arlington Average Net Sale Price: $577,861 after 47 days
Range: $382,000 – $917,900
S. Arlington Average Net Sale Price: $375,398 after 74 days
Range: $242,500 – $449,900

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