Arlington Virginia Real Estate Update for April 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
South Arlington: Avg Net Sale Price: $553,114 after 124 days on the market
Townhouses
North Arlington: Avg Net Sale Price: $722,619 after 123 days on the market
South Arlington: Avg Net Sale Price: $350,199 after 55 days on the market
Condos
North Arlington: Avg Net Sale Price: $451,711 after 106 days on the market
South Arlington: Avg Net Sale Price: $293,287 after 154 days on the market
*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!