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The Value of Your Home Could Be Soaring!

Unless your home happens to be under a rock, you've seen the news on the local housing market - low interest rates, low inventory and rising home values. But maybe you never paid much attention because selling your home was never really on the radar. You're pretty happy where you are and moving is such a hassle. Maybe someday.....

But what if the value of YOUR HOME is soaring beyond what you thought possible? Not 'someday' but right now?

Post_SoaringImage

During my career, I have not experienced this type of market and no one can predict where it is heading.  Your home is one of your most important investments. You should know its value, whether you're thinking of selling or not.

The difference one year can have on real estate is impressive. Take a look at the statistics below for comparisons of home sales in Arlington between 2013 and 2014. For example, there has been a 16% increase in the average sales price of a single family home, and a 35% decrease in days on market - meaning homes in Arlington are selling faster and for a higher price than ever before.

Right now is an amazing time for home sellers. 'Someday' could be a very different story.

Contact me for more information on these numbers, and for a free and confidential market analysis of your home.

Single Family Homes

Year # of Sales Avg. Asking Price Avg. Sales Price Days On Market
2013 75 $560,184 $568,729 40
2014 93 $641,684 $659,875 26

From 2013 to 2014, there has been a 24% increase in the number of sales, 14.5% increase in the average asking price, 16% increase in the average sales price, and 35% decrease in days on market for single family homes.

Condominiums

Year # of Sales Avg. Asking Price Avg. Sales Price Days On Market
2013 95 $369,135 $372,347 43
2014 74 $434,088 $442,861 25

From 2013 to 2014, there has been a 22% decrease in the number of sales, 17.5% increase in the average asking price, 18.9% increase in the average sales price, and 42% decrease in days on market for condo homes.

Multi Family Style

Year # of Sales Avg. Asking Price Avg. Sales Price Days On Market
2013 13 $560,292 $567,185 45
2014 10 $573,090 $613,050 49

From 2013 to 2014, there has been a 23% decrease in the number of sales, 2.3% increase in the average asking price, 8% increase in the average sales price, and 8.8% increase in days on market for multi-family homes.

*Data source MLS 1/1/14--5/31/14

**Log onto www.youhomeforsale.com  for details about the homes included in these statistics.

***Image via Mariusz Blach