Arlington County Market Report – 11/12/13

12 Nov
November 12, 2013

As we enter the winter market there is good news for buyers. Inventory is growing and interest rates have not increased. It’s a great time to think about buying that home you always wanted.

While property values are increasing monthly, if you’ve wanted to sell but didn’t because you think you’re underwater with your home loan, now would be a good time to find out. A large number of sellers are pleasantly surprised to learn they won’t have to short sale their home now. Are you one of them? Homes are selling, in some areas within days and with multiple offers. If it looks good and it’s priced right it’s selling.

Whether you’re thinking of buying or selling you owe it to yourself to get the facts.

September, 2013 August, 2013 September, 2012
Total Revenue $126,864,212.00 $172,993,406.00 $109,559,014.00
Average Sold Price $624,947.00 $594,479.00 $550,548.00
Units Sold 203 291 199
Average Days on   Market 39 29 50
Active Listings 450 393 442
New Listings 374 273 297
New Pending Sales 258 210 239

Our agents at Avery-Hess, Realtors are experts in the field of real estate. 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, Managing Broker at the Avery Hess, Realtors Springfield Office

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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