Arlington Real Estate Market January 2017

Arlington Real Estate Market January 2017

Your January Arlington Real Estate Market update: pandemonium. Fear of increased interest rates, low inventory, and the typical seasonal activity is leading to chaos in the market. Sales are happening lightening fast (30% sold in under 10 days), more homes are selling, active inventory is down, bidding wars, waived contingencies, etc. Reminiscent of a time nobody wants to remember, frankly. Days on the market fell to 57, units sold in January were 158 (up 10%). Average price was down 3% from 2016, but I don’t expect that to continue into the Spring.

Single Family Homes
N. Arlington Average Sale Price: $1,001,892 in 40 days
Range: $455,000 – $2,125,000
S. Arlington Average Sale Price: $732,602 in 25 days
Range: $280,000 – $1,250,000

Townhomes
N. Arlington Average Sale Price: $856,844 in 23 days
Range: $510,000 – $1,413,750
S. Arlington Average Sale Price: $422,075 in 23 days
Range: $310,000 – $600,000

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Sale Price: $329,940 in 45 days
Range: $232,000 – $444,500
S. Arlington Average Sale Price: $283,850 in 20 days
Range: $216,000 – $400,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Sale Price: $653,677 in 60 days
Range: $462,000 – $1,399,900
S. Arlington Average Sale Price: $364,900 in 56 days
Range: $215,000 – $575,000

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