Inventory Still Low, Arlington Real Estate Still Selling Quickly

Over 200 properties sold in September, only 6 were foreclosures or short sales. Inventory is down again, about 37% of last year, while average days fell by 14, and properties were selling for an average of 96.7% of the original list price. Places like Clarendon have properties that literally sell within hours of coming on the market, and single family homes have a sweet spot under $800k right now where they’re being snapped up quickly. The numbers below are averages for each part of Arlington, so remember, if you’re looking for more specific market information to compare to what you’re looking for or what you currently own, please email or call me.

Single Family Homes
N. Arlington Average Net Sale Price: $846,763* after 54 days
Range: $460,000 – $1,899,000 (*I excluded a sale at $5M)
S. Arlington Average Net Sale Price: $593,088 after 38 days
Range: $335,000 – $879,900

Townhomes
N. Arlington Average Net Sale Price: $694,347 after 23 days
Range: $450,000 – $1,225,000
S. Arlington Average Net Sale Price: $457,571 after 31 days
Range: $249,000 – $798,500

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $358,529 after 55 days
Range: $235,000 – $582,000
S. Arlington Average Net Sale Price: $235,388 after 42 days
Range: $115,000 – $400,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $598,061 after 72 days
Range: $334,500 – $1,575,000
S. Arlington Average Net Sale Price: $374,667 after 43 days
Range: $182,589 – $479,900

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