Real Estate Market in Arlington for April: Prices Up Another 3%

In April, we reported that March sales indicated prices were up nearly 17% from 2009. Well, looks like April numbers show an increase of 3% over last year. As a whole, Arlington County days on the market was 35% lower than April 2009, and median sale price was up 3% from last year. As a county, the year to date average sale price is up 3.6%. In April, 265 properties were sold, of which 12 were short sales and 12 were bank-owned properties, making 12.1% of the closed sales “distressed properties.”

Average Sale Prices and Days on Market by Property Type

Detached, Single Family Homes
South Arlington: $507,448 in 54 days (range: $287,500 – $900,000)
North Arlington: $837,028 in 67 days (range: $350,000 – $2,510,000)

Townhouse
South Arlington: $373,129 in 27 days (range: $130,950 – $555,990)
North Arlington: $718,882 in 68 days (range: $475,000 – $1,075,000)

1 Bedroom Condo
South Arlington: $229,181 in 47 days (range: $84,900 – $330,000)
North Arlington: $305,034 in 52 days (range: $127,000 – $385,000)

1 Bedroom with Den Condo
South Arlington: $202,994 in 43 days (range: $92,300 – $345,000)
North Arlington: $359,895 in 34 days (range: $210,000 – $480,000)

2 Bedroom Condo
South Arlington: $329,457 in 61 days (range: $137,500 – $485,000)
North Arlington: $502,815 in 56 days (range: $312,000 – $649,900)

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