Summer Slowdown Hits Arlington, But Prices Still Up Year Over Year

July was a relatively quiet month in the real estate world in Arlington County; new inventory levels are down 7.4% year over year, but we sold more properties than July 2010.  These sales have helped to increase the Year-To-Date median sales price in Arlington to $490,000. Average days on the market throughout the county was 55, and properties are selling for 95.7% of Original List Price.

In July, 243 properties were sold, of which 8 were short sales and 5 were bank owned, making the county’s distressed market 5.3% of the total sales.

Single Family, Detached Homes
N. Arlington Average Net Sale Price: $833,292 after 47 days
Range: $330,100 – $1,575,000
S. Arlington Average Net Sale Price: $584,049 after 44 days
Range: $195,000 – $903,152

Townhomes/Duplex
N. Arlington Average Net Sale Price: $688,545 after 47 days
Range: $439,000 – $1,100,000
S. Arlington Average Net Sale Price: $411,091 after 38 days
Range: $205,000 – $950,000

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $329,502 after 42 days
Range: $205,000 – $410,000
S. Arlington Average Net Sale Price: $206,169 after 49 days
Range: $86,000 – $352,025

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $561,757 after 43 days
Range: $295,000 – $1,030,000
S. Arlington Average Net Sale Price: $368,515 after 52 days
Range: $112,700 – $540,000

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