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Arlington VA Real Estate Market Update – October 2009 November 16, 2009

Posted by Laura Schwartz in Arlington, First-Time Buyers, Keller Williams Realty.
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Time to bring out my statistician side again! Here’s the breakdown for Arlington County real estate sales in October 2009, for both North (22201,22203,22205,22207,22209,22213)  and South Arlington (22202,22204,22206).

Total Arlington Sales: 221
North Arlington Sales: 140
South Arlington Sales: 81

Studio Condo

North Arlington
Average Sales Price: $243,248
Range: $191,090 – $262,000
Average Days on the Market: 16
Median Days on the Market: 6

1 Bedroom Condos

North Arlington                                               South Arlington
Average Sales Price: $299,144                      Average Sales Price: $260,081
Range: $169,000 – $437,000                      Range: $123,500 – $337,638
Average Days on the Market: 33                  Average DOM: 40
Median Days on the Market: 15                    Median DOM: 14

2 Bedroom Condos

North Arlington                                             South Arlington
Average Sales Price: $487,708                     Average Sales Price: $325,294
Range: $208,000 – $730,000                      Range: $136,000 – $670,000
Average Days on the Market: 44                   Average DOM: 40
Median Days on the Market:  35                    Median DOM: 10

Townhouse

North Arlington                                              South Arlington
Average Sales Price: $702,524                    Average Sales Price: $380,269
Range: $427,000 – $1,130,000                Range: $130,000 – $670,000
Average Days on the Market: 36                  Average DOM: 29
Median Days on the Market:  15                   Median DOM: 9

Detached – Single Family Homes

North Arlington                                           South Arlington
A
verage Sales Price: $787,559                  Average Sales Price: $472,311
Range: $350,000 – $1,866,107                 Range: $175,000 – $900,000
Average Days on the Market: 66                    Average DOM: 58
Median Days on the Market:  27                    Median DOM: 33

graph_upAs a whole, Arlington had 9 short sales and 14 foreclosures (bank owned properties) that sold in October of the 221 units. Also, 43 of the sales sold at or above list price – thats almost 20%.

Volume and the number of units sold are both up in 2009, compared to this time last year. Average sales price is down by about 7% and the days on the market is down about 30% (selling faster!).

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