Continuing with another strong month, average sale prices in Arlington in September were over 5% higher than this time last year. Of the 180 units sold, 6 were bank owned properties and 9 were short sales. Average days on the market is 64 throughout the county; inventory dropped 8.8% from 2010 and properties are selling for 95.7% of original list prices.
Single Family Home, Detached
N. Arlington Average Net Sale Price: $684,685 after 54 days
Range: $560,00 – $1,681,700
S. Arlington Average Net Sale Price: $557,565 after 67 days
Range: $335,500 – $849,000
Townhomes/Duplex
N. Arlington Average Net Sale Price: $731,865 after 46 days
Range: $440,000 – $1,120,000
S. Arlington Average Net Sale Price: $535,698 after 97 days
Range: $255,092 – $718,000
Studio Condos
N. Arlington Average Net Sale Price: $268,083 after 50 days
Range: $241,250 – $298,000
S. Arlington – only 2 sold, too few for average comparisons
1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $317,338 after 67 days
Range: $165,000 – $415,725
S. Arlington Average Net Sale Price: $263,019 after 73 days
Range: $140,000 – $372,500
1 Bedroom + Den, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $406,.125 after 41 days
Range: $252,500 – $500,000
S. Arlington Average Net Sale Price: $285,281 after 73 days
Range: $243,00 – $363,000
2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $597,624 after 81 days
Range: $291,500 – $2,100,000
S. Arlington Average Net Sale Price: $383,387 after 53 days
Range: $168,000 – $530,000
Wow!!! Sounds like your market is rebounding well. Our market in Louisville KY is not rebounding like yours. Probably a good time for buyers and sellers to get motivated.
That is great news about home prices in NOVA, but there has been an steady decrease in housing inventory over the past few months. Primarily because sellers are frustrated about how long it takes to sell their homes. The DC market is definitely more stable than other markets but it is a double-edged sword.