Arlington Real Estate Prices Continue to Increase

March was another good month for Arlington real estate, prices inched up almost 2% over averages of last year. The biggest sign our market is strong: over 51% of the properties sold in March sold within 30 days. A total of 195 sold in March, of which 7 were short sales and 9 were foreclosures. Inventory was down 7.18% from 2011, while average sale prices are 96.2% of the original list price.  Here are the averages for the county:

Single Family Homes
N. Arlington Average Net Sale Price: $747,727 after 62 days
Range: $395,000 – $2,110,502
S. Arlington Average Net Sale Price: $566,971 after 88 days
Range: $275,000 – $1,825,000

Townhomes/Semi-Detached
N. Arlington Average Net Sale Price: $730,849 after 110 days
Range: $436,000 – $1,135,000
S. Arlington Average Net Sale Price: $438,198 after 39 days
Range: $300,000 – $700,585

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $332,832 after 65 days
Range: $205,650 – $396,000
S. Arlington Average Net Sale Price: $199,659 after 75 days
Range: $83,000 – $349,250

2 Bedrooms, 2 Bathrooms Condos
N. Arlington Average Net Sale Price: $574,893 after 45 days
Range: $218,500 – $779,600
S. Arlington Average Net Sale Price: $398,225 after 61 days
Range: $205,000 – $660,000

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