Average Sales Price Soars 11% in October

Arlington County continues to show strong signs of growth in the real estate market. October 2010 saw an increase in 11.16% in average sales prices over 2009 to $558,039. Of the 172 units sold, the average days on the market last month increased to 58 from 46. Of those 172 sold, 83 were sold in the first 30 days.

Single Family Homes
North Arlington Average Net Sale Price: $775,199 in 55 days (range: $440,000 – $1,900,000)
South Arlington Average Net Sale Price: $554,161 in 101 days (range: $200,000 – $1,100,000)

Townhomes
North Arlington Average Net Sale Price: $669,289 in 56 days (range: $464,600 – $985,000)
South Arlington Average Net Sale Price: $478,771 in 37 days (range: $300,000 – $724,235)

1 Bedroom Condos
North Arlington Average Net Sale Price: $306,816 in 52 days (range: $145,000 – $442,800)
South Arlington Average Net Sale Price: $243,722 in 63 days (range: $118,000 – $305,000)

2 Bedroom Condos
North Arlington Average Net Sale Price: $521,531 in 54 days (range: $245,000 – $825,000)
South Arlington Average Net Sale Price: $349,517 in 66 days (range: $92,000 – $478,500)