Arlington Virginia Real Estate Update – April 2009

April numbers for Arlington are below…it’s been a crazy time here in Arlington. Inventory is at historic lows in some price ranges (mostly anything under about $500k), as first-time buyers are scooping up new listings as fast as they come on the market! A total of 190 properties sold in April in Arlington alone. Here’s the breakdown by zip code:

North Arlington:

22201 – 31

22203 – 26

22205 – 16

22207 – 23

22209 – 11

22213 – 6

 

South Arlington:

22202 – 12

22204 – 34

22206 – 31

The price range from lowest to highest:

Lowest: A bank-owned condo in 22204 for $75,000

Highest: A house in Bellevue Forest in 22207 sold for $2,116,000

 

Detached – Single Family Homes

North Arlington: Avg Net Sale Price: $722,206 after 79 days on the market (DOM)

South Arlington: Avg Net Sale Price: $553,114 after 124 DOM

 

Townhouses

North Arlington: Avg Net Sale Price: $722,619 after 123 DOM

South Arlington: Avg Net Sale Price: $350,199 after 55 DOM

 

Condos

North Arlington: Avg Net Sale Price: $451,711 after 106 DOM

South Arlington: Avg Net Sale Price: $293,287 after 154 DOM

 

*remember all of these numbers are averages….they don’t reflect specific neighborhoods, styles, room counts, etc. For more specific information on properties similar to yours, please email me!

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