Arlington VA Real Estate Enters Into A Sellers Market in February 2014

What a crazy, crazy time this is for our area. The Arlington VA real estate market entered into a sellers market early this year and that continues from February into March. Some homes are receiving as many as 18 offers. Yes, 18. The median sale price has increased 6.2% from last year, units sold in February increased to 164, days on the market fell to an average of 50, and sellers averaged 97.8% of asking price. Inventory has increased 31% over last year, but that’s still not saying much! Condo prices are up almost 5% from last year.

Single Family Homes
N. Arlington Average Net Sale Price: $909,918 in 35 days
Range: $479,000 – $1,850,000
S. Arlington Average Net Sale Price: $613,823 in 60 days
Range: $300,000 – $1,195,000

Townhomes
N. Arlington Average Net Sale Price: $802,688 in 35 days
Range: $480,000 – $1,275,000
S. Arlington Average Net Sale Price: $542,500  in 30 days
Range: $375,000 – $860,000

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $302,638 in 42 days
Range: $180,000 – $430,000
S. Arlington Average Net Sale Price: $279,633 in 32 days
Range: $135,000 – $368,265

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $793,217 in 19 days
Range: $474,550 – $2,600,000
S. Arlington Average Net Sale Price: $457,382  in 41 days
Range: $309,500 – $569,000

Search Arlington Homes For Sale or Find Out What Your Arlington Home Is Worth

Leave a Reply

Your email address will not be published. Required fields are marked *