Arlington, VA Real Estate Market Statistics – November 2009

With the end of November 2009, came the end of the first round of the first-time home buyer credit, which was set to expire on November 30, 2009. Look at the difference a year makes: in November 2008, there were 142 sales, in November 2009, we had 240. How’s that for a year? Check out the numbers:

Detached Properties (Houses)

North Arlington
Average Net Sales Price: $708,376 after 53 days
Range: $438,000 – $1,295,000

South Arlington
Average Net Sales Price: $555,216 after 75 days
Range: $260,000 – $950,000

Townhouses

North Arlington
Average Net Sales Price: $730,475 after 51 days
Range: $514,300 – $1,150,000

South Arlington
Average Net Sales Price: $375,361 after 32 days
Range: $143,100 – $622,990

1 Bedroom Condo

North Arlington
Average Net Sales Price: $294,487 after 20 days
Range: $140,500 – $380,000

South Arlington
Average Net Sales Price: $233,811 after 28 days
Range: $69,000 – $342,900

2 Bedroom Condo

North Arlington
Average Net Sales Price: $502,587 after 50 days
Range: $375,000 – $814,200

South Arlington
Average Net Sales Price: $391,044 after 32 days
Range: $205,155 – $525,000

Of the 240 sales in November, 17 were short sales and 20 were bank-owned properties…which makes 15% of the market a “distressed property.”

As a county, Arlington average prices are down less than 1% from this time last year.

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