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October 2009 Real Estate Market – Arlington, VA 22201 November 15, 2009

Posted by Laura Schwartz in Arlington.
Tags: , , , ,
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Clarendon Courthouse

The market in Arlington, VA 22201 is moving QUICKLY. Check out these stats:

Total Sales: 40
Sold in less than 30 days: 26 (65%)

Sold between 31 – 60 days: 4 (10%)
Sold between 61 – 90 days: 3 (7.5%)
Sold in over 91 days: 7 (17.5%)

Shows you the importance of pricing the property correctly. Research shows that a property has to be within 10% of the perceived market value, by buyers, for an offer to be made. If you price right correctly to begin with, you’re more likely to get more for the house, rather than chasing the market.

Some overall statistics for 22201:

1 Bedroom Condos                                 1 Bedroom with Den Condos

Average Sale Price: $324,708                      Average Sale Price: $371,438
Average Days on the Market: 30                  Average Days on the Market: 45
Median Days on the Market: 8                       Median Days on the Market: 42
Range: $241,350 – $437,000                       Range: $295,000 – $459,000

2 Bedroom Condos                                      Townhouse

Average Sale Price: $516,248                          Average Sale Price: $781,000
Average Days on the Market: 46                     Average Days on the Market: 43
Median Days on the Market: 33                       Median Days on the Market: 22
Range: $451,900 – $543,000                         Range: $570,000 – $1,000,000


Single Family House

Average Sale Price: $801,086
Average Days on the Market: 82
Median Days on the Market: 11
Range: $499,000 – $1,440,500

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