Multiple Offers in Arlington During March

March was so busy that I am just getting the opportunity to crunch the numbers for the month. Big breath of relief. Huge increases in number of sales, continued decline in inventory, and multiple offers everywhere you look made the month of March stressful, hectic, and great for sellers. For single family homes in North Arlington, nearly HALF sold at or above list price, same for townhomes, and pretty close for condos. In South Arlington, nearly a quarter of the properties sold at or above list price. A total of 224 properties sold, only 10 were short sales or foreclosures. Average prices increased 7.13% over this time last year and sellers averaged 98.5% of asking price.

Single Family Homes
N. Arlington Average Net Sale Price: $910,092 in 44 days (median was 9)
Range: $395,000 – $3,600,000
S. Arlington Average Net Sale Price: $565,952 in 46 days (median was 18)
Range: $363,750 – $875,000

Townhomes
N. Arlington Average Net Sale Price: $787,989 in 22 days (median was 5)
Range: $535,000 – $1,029,120
Too few THs sold in S. Arlington to compute a fair average

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $334,629 in 30 days (median was 7)
Range: $206,400 – $449,900
S. Arlington Average Net Sale Price: $295,453 in 17 days (median was 6)
Range: $224,500 – $351,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $556,589 in 27 days (median was 9)
Range: $307,500 – $960,000
S. Arlington Average Net Sale Price: $414,929 in 59 days (median was 29)
Range: $149,900 – $690,000

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