What's Happening today in the Arlington, Virginia Real Estate Market?
The chart below details all of the closed home sales activity in Arlington, Virginia for March 2012:
Sales volume for March 2012 is exactly the same in terms of the number of sales and up slightly on total dollar volume from March 2011. Days on market is down 5% from last March and median sales prices are up almost 9% in Arlington.
Here's a snapshot of the current market for Arlington Virginia home sales at the end of April 2012:
- Active homes for sale: 565 -- 239 homes, or over 42% of these Arlington homes have come on the market within the last 30 days!
- 700 homes have sold in Arlington since the beginning of 2012, or an average of 175/month. At this rate, there's currently 3.22 months of inventory on the market in Arlington. Very good news if you're planning to sell your Arlington home!
- Average listing price in Arlington, VA: $723,351
- Price range: The least expensive listing price in Arlington is $69,900. The most expensive home is listed for $6,000,000.
- Average days on market: 71 days.
- There's an additional 516 homes in Arlington that are currently under contract pending sale. 318 of those contracts were ratified within the last 30 days.
As you can see from the stats above, Arlington remains a very active market.
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Great chart Brian. Arlington is an odd bird. It seems to be different than the rest of the area, but recently perhaps not so substantially.
The activity in <a href=http://www.zippyshell.com/nova/>self storage Virginia </a> is experiencing is steady, one indication that the Virginia real estate market is getting stronger. Does this show Virginia moving out of the real estate downturn? Too soon to tell. It may not signal the end but as Winston Churchill once said, “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
Interesting statistics Brian.
Looks like the market is GREAT! Happy to hear the good news!
Brian, It's been a really long time! Where have you been kiddo?