Real Estate Prices Fall Leading Up To The Presidential Election

Real Estate Prices Fall Leading Up To The Presidential Election

Real Estate Prices Presidential Election:

There’s always a lull in activity, right before a presidential election.  This year was no different. Prices fell 3% from last year, inventory fell 15%, and 30% of homes sold in under 10 days (usually we’re up closer to 50%). Surprisingly, the number of homes sold was up by 34 from 2015, and sellers averaged 97.4% of original asking price.

Single Family Homes
N. Arlington Average Sale Price: $1,056,781 in 37 days
Range: $500,000 – $2,057,000
S. Arlington Average Sale Price: $720,294 in 33 days
Range: $285,000 – $1,617,000

Townhomes
N. Arlington Average Sale Price: $817,438 in 29 days
Range: $490,000 – $1,328,000
S. Arlington Average Sale Price: $459,855 in 26 days
Range: $350,000 – $710,000

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Sale Price: $357,956 in 33 days
Range: $170,000 – $575,000
S. Arlington Average Sale Price: $244,677 in 39 days
Range: $139,000 – $377,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Sale Price: $621,092 in 39 days
Range: $435,000 – $821,000
S. Arlington Average Sale Price: $429,240 in 41 days
Range: $209,200 – $612,000

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