Time for the Arlington, VA 22201 (Courthouse, Clarendon, Lyon Park, Lyon Village) update for November 2009.
As a whole, the sales volume YTD is up 116%, number of units sold is up by 167%, and the days on the market are down 48%. I think much of this was attributed to the tax-credit and initial November 30th close date (especially in the lower price properties). Due to the high number of units sold, we’re at a VERY low level of inventory.
Detached Properties (Houses)
Average Net Sale Price: $840,469 after 64 days on the market
Range: $595,000 – $1,288,000
1 Bedroom Condo
Average Net Sales Price: $301,932 after 15 days on the market
Range: $203,000 – $363,750
1 Bedroom with Den Condo
Average Net Sales Price: $404,625 after 4 days on the market
Range: $335,000 – $500,500
2 Bedroom Condo
Average Net Sale Price: $523,268 after 35 days on the market
Range: $375,000 – $637,500
Townhouse
Average Net Sales Price: $668,575 after 18 days on the market
Range: $514,300 – $785,000