November Gives Arlington Real Estate A 5% Increase in Value

NOTE: The original post has been changed. The stats first listed were not closed prices, but averages of list prices. I apologize for the inconvenience and error. The numbers reflected below are accurate, according to MRIS.com.

Another strong month for Arlington County real estate. Median sales prices for the month shows a 5.3% increase over November 2009, while the Year To Date increase is 3.3%. Another good sign of activity: a Year To Date decrease in days on market until sale, down 16.9%. A total of 170 properties sold, of which 6 were short sales and 4 were foreclosures, accounting for 5.8% of sales. That’s beenĀ consistentĀ of late, as Arlington hovers around 6% in distressed sales. Here are the averages by property type and location:

1 Bedroom Condo
N. Arlington Average Net Sale Price: $319,701 after 59 days
(Range: $155,000 – $531,000)
S. Arlington Average Net Sale Price: $275,015 after 54 days
(Range: $199,000 – $365,000)

2 Bedroom, 2 Bath Condos
N. Arlington Average Net Sale Price: $545,318 after 41 days
(Range: $380,000 – $910,000)
S. Arlington Average Net Sale Price: $439,571 after 45 days
(Range: $372,000 – $500,000)

Townhouse
N. Arlington Average Net Sale Price: $731,071 after 34 days
(Range: $487,000 – $1,000,000)
S. Arlington Average Net Sale Price: $432,622 after 32 days
(Range: $185,000 – $622,721)

Single Family Home (Detached)
N. Arlington Average Net Sale Price: $859,653 after 54 days
(Range: $460,000 – $2,024,828)
S. Arlington Average Net Sale Price: $498,290 after 41 days
(Range: $270,000 – $892,000)

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