Our real estate market has gotten so crazy the past few weeks, I’ve had a hard time keeping up with the blog and my clients! Our inventory levels are so low, that people are snatching up properties within days of them being listed – many with multiple offers! I’m going to post a sequence of statistics for Arlington, but specifically for 22201 is below:
Single Family Homes in June
12 properties sold
Price Range: $570,000 (fixer upper) to $1,297,000
Average Sales Price: $888,554
Average Days on the Market: 58
(there were 3 above 100 days, of the remaining 9, the average was only 16 days)
Condominiums
There were several units that sold that are not included in the calculations (like a studio, a 3 bedroom unit, etc.)
1 bedroom, 1 bath units (19)
Average Sale Price: $342,911 after an average of 40 days
(Ranges from $264k to $349k)
2 bedroom, 2 bath units 6)
Average Sale Price: $484,170 after an average of 37 days
(Ranges from $423k to $545k)
Townhouses
Much like the condos, there were some anomalies that are not included in these calculations:
Average Sale Price: $742,400 after 40 days
(Ranges $565k to $862k)
Here’s my usual disclaimer:
these stats are BROAD and shouldn’t be used to value your personal properties or any you’re interested in pursuing. Many things go into determining value for a specific property, so please let me know if you’re interested in a detail comparative market analysis. These stats are for general information purposes only!