February Real Estate Statistics for Zip code 22207 in Arlington, Va.

In 22207 total volume was down 33% year over year. However, the average sold price continues to go up as well as an increase in the Median sold price. These two numbers are a direct reflection of the limited inventory in this coveted N. Arlington zip code. The Average sold price topped the $1M mark in February 2015. For a variety of reasons 22207 is one of the more expensive zip codes to live in Arlington. Unlike some other zip codes the average days on market dropped year over year from 51 to 48. Increases in inventory tend to create more competition for buyers and you can see that there has been an increase in active listings and new listings year over year. This is a warning to sellers to not get too complacent about the increase in average sold price and that they should be wary of assuming they can get more then comparable properties selling in the last 30 days. That’s not to say you won’t, it’s just something to put in your big bag of variables when deciding how to price your home.

22207march20

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s