Prices Up (Almost) Across the Board for February 2011 in Arlington

February, while short in days, was long enough to show a strengthening real estate market in Arlington County. There were 137 sales during the month, of 52 sold in 30 days or less, and 18 of the 137 were either short sales or foreclosures (9 each, accounting for 13.1% – one of the highest months on record). Yet, with inventory down 7.9%, median prices increased almost 4% overall. Take a look at specific pricing by property type, and compare to February 2010:

Single Family Detached Homes
North Arlington Average Net Sale Price: $784,897 after 67 days (range: $427,000 – $1,783,408)
South Arlington Average Net Sale Price: $529,993 after 24 days (range: $396,813 – $633,400)

Townhouse
North Arlington Average Net Sale Price: $539,320 after 71 days (range: $380,900 – $725,000)
South Arlington Average Net Sale Price: $415,167 after 42 days (range: $220,000 – $701,110)

1 Bedroom, 1 Bath Condo
North Arlington Average Net Sale Price: $315,193 after 73 days (range: $119,000 – $529,000)
South Arlington Average Net Sale Price: $237,707 after 51 days (range: $80,000 – $288,588)

2 Bedroom, 2 Bath  Condo
North Arlington Average Net Sale Price: $713,879 after 76 days (range: $401,000 – $2,250,000)
South Arlington Average Net Sale Price: $359,766 after 81 days (range: $215,000 – $525,000)

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