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Arlington VA Real Estate Market Update – September 2009 October 15, 2009

Posted by Laura Schwartz in Arlington, Keller Williams Realty.
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September 2009 Sales for Arlington County Virginia

Total Arlington Sales: 223

Detached Properties

North Arlington
Average Net Sale Price: $752,329  after 52 days on the market (DOM)
Range: $450,000 – $2,200,000
Avg. Sold for 95% of Original List Price

South Arlington
Average Net Sale Price: $532,681 after 95 DOM
Range: $205,000 – $875,000
Avg. Sold for 94.30% of Original List Price

Studio Condo

South Arlington
Average Net Sale Price: $189,769 after 52 DOM
Avg. Sold for 96.59% of Original List Price

1 Bedroom Condos

North Arlington
Average Net Sale Price: $314,886 after 34 DOM
Range: $165,000 – $419,000
Avg. Sold for 96.98% of Original List Price

South Arlington
Average Net Sale Price: $294,023 after 60 DOM
Range: $140,000 – $421,000
Avg. Sold for 93.78% of Original List Price

1 Bedroom w/Den Condo

North Arlington
Average Net Sale Price: $347,591 after 38 DOM
Range: $210,500 – $487,500
Avg. Sold for 94.15% of Original List Price

South Arlington
Average Net Sale Price: $199,250 after 72 DOM
Range: $91,038 – $287,900
Avg. Sold for 94.57% of Original List Price

2 Bedroom Condos

North Arlington
Average Net Sale Price: $535,800 after 77 DOM
Range: $318,000 – $1,142,000
Avg. Sold for 94.28% of Original List Price

South Arlington
Average Net Sale Price: $421,358 after 87 DOM
Range: $249,000 – $561,000
Avg. Sold for 91.94% of Original List Price

Townhouses

North Arlington
Average Net Sale Price: $600,645 after 110 DOM
Range: $406,000 – $825,000
Avg. Sold for 95.25% of Original List Price

South Arlington
Average Net Sale Price: $360,490 after 41 DOM
Range: $111,453 – $799,500
Avg. Sold for 97.15% of Original List Price

These are all averages. Please don’t use them to place any value on your particular unit. For a more accurate and specific analysis of the value of your particular property, please contact me via email: Laura@TheLJRGroup.com or phone: 703.283.6120

Anyhow, what the numbers are telling us for August is that Arlington is running about average with just over 200 sales last month. The overall average sales price is down about 6.5% from last year, but average days on the market before going under contract is also down – by 23 days. The number of sales increased tremendously from September 2008 – by about 16%. Inventory is still low, so good properties are selling quickly, especially as we’re just about out of time to buy something to qualify for the $8,000 tax credit.

Thinking about buying? Search the current Arlington VA Condos For Sale, Arlington VA Townhomes For Sale, Arlington VA Homes For Sale, or search the entire Arlington VA Inventory of Homes for Sale.

*These numbers do not include Retirement communities in Arlington.

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