Huge Price Increases in Arlington Caused by Low Inventory, Pent Up Demand

The real estate market in Arlington right now is starting to resemble that of 2005. Good or bad, the demand is quickly outpacing the available demand. A total of 163 properties sold, of which 61 sold within 10 days of being listed for sale. A total of 15 properties were short sales or foreclosures. The big indication of the craziness: a 9.5% increase in average sale price over February 2012. Sellers averaged 97.2% of original list price.

Single Family Homes
N. Arlington Average Net Sale Price: $857,237 in 58 days (median of 20)
Range: $390,000 – $2,350,000
S. Arlington Average Net Sale Price: $593,105 in 46 days (median of 14)
Range: $235,300 – $841,000

Townhomes
N. Arlington Average Net Sale Price: $839,000 in 24 days (median of 5)
Range: $497,000 – $1,219,500
S. Arlington Average Net Sale Price: $422,071  in 23 days (median of 11)
Range: $240,000 – $680,000

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $381,381 in 52 days (median of 30)
Range: $170,000 – $925,000
S. Arlington Average Net Sale Price: $279,236 in 26 days (median of 22)
Range: $226,100 – $329,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $653,463 in 22 days (median of 12)
Range: $407,120 – $1,425,000
S. Arlington Average Net Sale Price: $400,845 in 24 days (median of 7)
Range: $161,800 – $515,000

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