Arlington County real estate statistics since the beginning of 2009 are below for any listing in Arlington County (condo, townhome, or single family):
265 properties have sold
38 (14%) sold in 7 days or less
101 (38%) sold in 30 days or less
287 properties are currently under contract and waiting to close
53 (19%) went under contract in 7 days or less
110 (38%) went under contract in 30 days or less
I am seeing activity pick up as many first-time buyers are looking to take advantage of the new $8,000 tax credit (FYI – if you haven’t bought anything in 3 years, they look at you like a first-time buyer and are eligible for the credit). In this market, every buyer is looking for a good deal on their purchase….giving them a great price is a great way to solicit offers from buyers.