Arlington, Va Real Estate Market Statistics for August 2016

Below are the most recent available monthly real estate statistics for Arlington County. In general year of year numbers are positive. Inventory continues to fall short of last years numbers. This along with continuing low interest rates is bolstering the average sold price. Higher priced Arlington homes are also contributing to higher total volume. 66 homes (64 detached and 2 attached) with 4 or more bedrooms closed in August. This is up from the 55 in the same period last year. The average sale price for the detached homes was $1,088,396, up almost 3% from last year. The softest spot seems to be in the lower end detached which saw small decrease in the average sales price and the condo/townhome 1-2 bedroom market which saw the average sales price fall to $481,800 from last years $550,422 for the 6 units sold. This is a snapshot of all inventory in Arlington real estate that was listed in the MLS. To get a true market analysis for your property, it’s important to look at zip codes, neighborhoods, commutes, metro access etc. When purchasing or selling a home, the only important numbers are those that a true comparables to that specific property. For other Northern Virginia Statistics or questions about your community or home, contact me at janejensen@comcast.net. 571-228-5656august2016marketstats

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