Get your Real Estate Statistics for Arlington, Va

December Statistics are in. Here they are:

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The average Arlington, Va sold prices barely changed dropping to $641,971 from $645,962 in 2014. The median sold price dropped just a bit from $571,000 to $559,000. The average list price for colds dropped a small amount from $658,627 to $651,786 and the average list sales price to list price ratio was 96.3%

It could be tempting to say that the Arlington, Va real estate market has been mostly flat year over year but if we go a little deeper we can see that the average price for detached homes went up fairly significantly from $880,991 to $945,824. The drop in average sales prices came from attached homes (condos/townhomes etc) which dropped from an average of $471,803 to $441,653. The general takeaway is that you “may” expect to pay less for an Arlington, Va townhouse or condo this year then you would have last year and you “may” expect to pay more for a single family home.

This is important information when you are pricing your home or making an offer. Information is your ammunition. These statistics are general and county wide so if you are getting ready to list or thinking of buying you need to have your agent look closely at your neighborhood statistics. That’s why I put “may” in quotes above. When it comes to the amount you offer or list your home for, location is everything, even in a geography as small as Arlington. Some condo complexes may have gone up in popularity and price, while others may have seen a decline. The same is true for various neighborhoods around Arlington.  Make sure you do you your homework.


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.

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