Arlington Real Estate Climbs Over 18% in April 2012

Well into the Spring real estate market, it’s easy to see how strong our local economy is! Prices soared 18.13% over last year, days on the market fell to 61, inventory fell by 19%, and properties were selling for an average of 97% of original list price. Condos increased over 21%, townhomes increased over 14%, and single family homes saw a 12% increase in average sale price. A total of 248 properties sold last month, of which only 6 were short sales and 7 were bank foreclosures.

Single Family, Detached
North Arlington Average Net Sale Price: $868,630 after 53 days
Range: $407,000 – $3,100,000
South Arlington Average Net Sale Price: $567,959 after 77 days
Range: $323,000 – $1,114,000

Townhomes
North Arlington Average Net Sale Price: $640,160 after 57 days
Range: $435,530 – $930,000
South Arlington Average Net Sale Price: $347,314 after 89 days
Range: $221,535 – $700,000

1 Bedroom, 1 Bathroom Condos
North Arlington Average Net Sale Price: $320,139 after 35 days
Range: $202,000 – $412,000
South Arlington Average Net Sale Price: $239,340 after 59 days
Range: $107,692 – $305,000

2 Bedroom, 2 Bathrooms Condos
North Arlington Average Net Sale Price: $553,858 after 79 days
Range: $260,000 – $794,000
South Arlington Average Net Sale Price: $405,012 after 54 days
Range: $267,500 – $519,700

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