Real Estate Prices Continue to Rise in Arlington

Prices increased 4.73% over February 2011! Yet another strong month for Arlington. With the price increase came an increase in total unit sold (174), and an increase in how much properties were selling for compared to their original list price (95.7%). Inventory dropped 7.6% from last year, helping the price increase. A total of 10 short sales and 6 foreclosures were sold in all of Arlington County during February. An interesting note on our local economy, 37 of the sales in February were CASH sales. Check out the averages by property type and location:

Single Family Homes
N. Arlington Average Net Sale Price: $792,780 after 108 days
Range: $296,000 – $2,023,700
S. Arlington Average Net Sale Price: $539,804 after 53 days
Range: $304,000 – $950,000

Townhomes/Duplex
N. Arlington – only a few were sold, not enough for an accurate calculation
S. Arlington Average Net Sale Price: $470,426 after 82 days
Range: $231,000 – $730,770

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $348,169 after 60 days
Range: $208,870 – $700,000
S. Arlington Average Net Sale Price: $235,260 after 72 days
Range: $122,000 – $342,866

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $638,674 after 44 days
Range: $290,000 – $1,225,000
S. Arlington Average Net Sale Price: $314,24 after 65 days
Range: $91,100 – $500,000

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