Arlington Real Estate Holds Steady for August 2010

Overall, a small 2% decline in average sales price in Arlington last month, but taking a closer look at specific property types show a general steadiness in the real estate market. Some up, some steady, very few down. Overall, there were 220 properties sold in August, of which 8 were bank-owned and 13 were short sales (making the distressed market share 9.5%); days on the market are down to an average of 60. Take a closer look at the different property average prices and compare to August 2009.

1 Bedroom Condos
North Arlington, Average Net Sale Price: $317,463 after 63 days (Range: $179,500 – $380,000)
South Arlington, Average Net Sale Price: $251,150 after 51 days (Range: $84,000 – $352,000)

2 Bedroom Condos
North Arlington, Average Net Sale Price: $587,250 after 65 days (Range: $339,500 – $950,000)
South Arlington, Average Net Sale Price: $348,986 after 67 days (Range: $237,500 – $510,000)

Townhouse
North Arlington, Average Net Sale Price: $700,904 after 55 days (Range: $460,000 – $876,234)
South Arlington, Average Net Sale Price: $396,226 after 36 days (Range: $126,900 – $764,697)

Single Family, Detached Homes
North Arlington, Average Net Sale Price: $813,795 after 60 days (Range: $389,000 – $1,565,000)
South Arlington, Average Net Sale Price: $523,324 after 87 days (Range: $250,500 – $1,000,000)

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