Arlington real estate market is steadily going up. Increase in interest rates has definitely made an impact and slowed things down, but the high demand for housing in Arlington is keeping the prices going up. Homes and condos near Orange line metro experienced the largest increase, but some condos in south Arlington are still struggling and have not reached the price levels of the last real estate boom.
The statistics below I calculated myself from the history of sales in MLS – so there is definitely some room for error, but the trends are definitely obvious.
Arlington Residential Real Estate Statistics:
*The average sales price of $600.309 in Arlington was up 3% from the previous year.
*The dollar volume of homes sales in Arlington for 2013 was $1,574,012,179, about the same as last year.
*Average days it took to sell a property in Arlington in 2013 was 22 – which is almost twice shorter than last year.
Here is a chart for Arlington Residential Sales History:
Real Estate is very local – if you’d like a sales history of your own neighborhood – please shoot me an email and I will send it to you – no obligation. I hope for another great year!