Time to bring out my statistician side again! Here’s the breakdown for Arlington County real estate sales in October 2009, for both North (22201,22203,22205,22207,22209,22213) and South Arlington (22202,22204,22206).
Total Arlington Sales: 221
North Arlington Sales: 140
South Arlington Sales: 81
Studio Condo
North Arlington
Average Sales Price: $243,248
Range: $191,090 – $262,000
Average Days on the Market: 16
Median Days on the Market: 6
1 Bedroom Condos
North Arlington South Arlington
Average Sales Price: $299,144 Average Sales Price: $260,081
Range: $169,000 – $437,000 Range: $123,500 – $337,638
Average Days on the Market: 33 Average DOM: 40
Median Days on the Market: 15 Median DOM: 14
2 Bedroom Condos
North Arlington South Arlington
Average Sales Price: $487,708 Average Sales Price: $325,294
Range: $208,000 – $730,000 Range: $136,000 – $670,000
Average Days on the Market: 44 Average DOM: 40
Median Days on the Market: 35 Median DOM: 10
Townhouse
North Arlington South Arlington
Average Sales Price: $702,524 Average Sales Price: $380,269
Range: $427,000 – $1,130,000 Range: $130,000 – $670,000
Average Days on the Market: 36 Average DOM: 29
Median Days on the Market: 15 Median DOM: 9
Detached – Single Family Homes
North Arlington South Arlington
Average Sales Price: $787,559 Average Sales Price: $472,311
Range: $350,000 – $1,866,107 Range: $175,000 – $900,000
Average Days on the Market: 66 Average DOM: 58
Median Days on the Market: 27 Median DOM: 33
As a whole, Arlington had 9 short sales and 14 foreclosures (bank owned properties) that sold in October of the 221 units. Also, 43 of the sales sold at or above list price – thats almost 20%.
Volume and the number of units sold are both up in 2009, compared to this time last year. Average sales price is down by about 7% and the days on the market is down about 30% (selling faster!).