It’s time for my 2016 Arlington Real Estate Market Review! Looking over the 2016 numbers, you’ll see the market was fairly stable overall. The biggest high points for the year, include growth for single family detached homes and the days on the market. Detached homes increased in average price by 2.2% from 2015, and while the average days on the market overall was 49 (the same as 2015), 37% of ALL 2016 sales happened with the first 10 days a property was on the market. Here’s the detailed statistics:
Average Sale Price: $639,137 (Up .34%)
Average Days on the Market: 49 (unchanged)
Average Sale Price Ratio to Original List Price: 97.5%
Average Detached Home Price: $929,567 (up 2.2%
Average Townhome Price: $465,002 (down 1.8%)
Average Condo Price: $426,284 (up .72%)