How is Arlington real estate market?
Per Zillow.com – the market temperature is warm and it’s slightly more favorable to sellers than buyers. Here is link if you’d like to read more about it.
All numbers are about the same as last year – average sales price ($645,354), median sales price(560,000), number of units sold (287)
The 2 statistics that are had a significant change are: Active listings (685 vs.575 in 2014 – that’s a 20% increase) and average days on the market (44 vs. 33 in 2014 – 33% increase). So there are more options for buyers and on average homes take a little longer to sell.
I had a chance to experience it with my townhome listing on Stuart St. We listed it at $875,000 and thought that we should get a few offers, but buyers were definitely picky and complaining about original HVAC systems and roof. I was thinking – how about the location? layout? We have it under contract, but we did not have a line of buyers fighting for it.
I actually love this market – I can do my job and make a difference. Sellers need to care about the condition of their home and buyers don’t have to give up their baby’s naming rights to the sellers. We can all deal fairly!