Arlington County Market Report – 8/08/12

08 Aug
August 8, 2012

The statistics below show that the Arlington market continues to improve. The average sold price in Arlington County has increased by $115,402.00 since I last wrote in March. Because prices are increasing and interest rates on loans to purchase continue to be at an all-time low, people appear to be listening and are buying.

Remember, these statistics are based on detached, semi-detached, town homes, condominiums and coops in all of Arlington County.  Regardless of what area you choose to live in – prices are on the rise and days on the market have decreased.

If you’re listening to the news, they are saying our market bottomed out last year.  While some would say this is considered an ascending market (home prices on the rise) it’s still a great time to purchase real estate.

June 2012 June 2011 May 2012
Total Revenue $211,310,984.00 $146,479,965.00 $186,624,954.00
Average Sold Price $628,902.00 $590,645.00 $596,246.00
Units Sold 336 248 313
Average Days on Market 45 42 42
Active Listings 527 713 545
New Listings 328 361 380
New Pending Sales 279 258 325

 

If you’re planning to purchase do it now.   If you’re planning to sell, find out what your home would be worth in today’s market.  I think you will be pleasantly surprised.

Our agents at Avery-Hess, Realtors are experts in the field of real estate and we want to help.   We’re available to answer any questions you may have so don’t hesitate to contact us.  Visit our website at www.AveryHess.com.

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Patricia Mancini, Sales Manager at the Avery Hess, Realtors Springfield Office

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