Arlington Virginia Real Estate Inventory Starting to Rebound, Still A Seller’s Market

Active inventory is up almost 30% from January 2013. I know, it sounds like a HUGE jump…but don’t be fooled. That actually only means there are 288 properties for sale (excluding the Coops and the Jefferson Condo which is a 55+ condo community). In January 2014, 130 properties sold for an average 1% price increase. Days on the market fell from 60 to 45, and sellers averaged 95.9% of asking price. We are definitely still in a sellers market.

Single Family Homes
N. Arlington Average Net Sale Price: $807,359 in 38 days
Range: $567,900 – $1,575,000
S. Arlington Average Net Sale Price: $591,633 in 49 days
Range: $412,900 – $875,000

Townhomes
N. Arlington Average Net Sale Price: $782,277 in 25 days
Range: $465,000 – $1,500,000
S. Arlington Average Net Sale Price: $487,518  in 49 days
Range: $345,000 – $724,900

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $347,806 in 41 days
Range: $165,000 – $525,000
S. Arlington Average Net Sale Price: $260,671 in 37 days
Range: $94,000 – $369,800

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $553,100 in 42 days
Range: $325,000 – $845,000
S. Arlington Average Net Sale Price: $469,473  in 44 days
Range: $296,000 – $630,000

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