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Arlington, VA Real Estate Market Update – 22201 – November 2009 December 11, 2009

Posted by Laura Schwartz in Arlington.
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Time for the Arlington, VA 22201 (Courthouse, Clarendon, Lyon Park, Lyon Village) update for November 2009.

As a whole, the sales volume YTD is up 116%, number of units sold is up by 167%, and the days on the market are down 48%. I think much of this was attributed to the tax-credit and initial November 30th close date (especially in the lower price properties). Due to the high number of units sold, we’re at a VERY low level of inventory.

Detached Properties (Houses)

Average Net Sale Price: $840,469 after 64 days on the market
Range: $595,000 – $1,288,000

1 Bedroom Condo

Average Net Sales Price: $301,932 after 15 days on the market
Range: $203,000 – $363,750

1 Bedroom with Den Condo

Average Net Sales Price: $404,625 after 4 days on the market
Range: $335,000 – $500,500

2 Bedroom Condo

Average Net Sale Price: $523,268 after 35 days on the market
Range: $375,000 – $637,500

Townhouse

Average Net Sales Price: $668,575 after 18 days on the market
Range: $514,300 – $785,000

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