Back To Blog

October Real Estate in Arlington - by the Numbers

Like those pictures you have to stare at and almost go cross-eyed to see the picture within the picture – if you look closely, real estate data reveals the story behind the numbers.

We took a snapshot of October home sales for single-family, 2-family and condo homes in Arlington for both 2018 and 2019, and we have some interesting comparison findings.

Arlington Single Family Homes

 

2018

2019

Single-family Homes Sold

32

26

Average List Price

$867,934

$985,327

Average Days to Offer

16.9

33.9

Average Sale Price

$883,092

$994,631

 

As you can see, while there were fewer homes sold in 2019 than 2018, both the average list price and average sale price were up this year. However, the days to offer (DTO) was also up. For home sellers, this means you are more likely to get a good price for your home as values continue to increase. The good new for home buyers is that there is less of a frenzy, and homes are sitting a little longer to give you some breathing room.

Arlington 2-Family Homes

 

2018

2019

2-family Homes Sold

8

5

Average List Price

$918,250

$934,200

Average Days to Offer

21.5

15.8

Average Sale Price

$890,125

$1,010,200

 

Arlington 2-family home also saw fewer sales in October of 2019 vs. October 2018, and both the average list and sale prices were up. However, properties that are available are selling like hot-cakes. Homeowners should note that the lower inventory and high demand for 2-family homes in Arlington means it could be a great time to sell.

Arlington Condo Homes

 

2018

2019

Condo Homes Sold

25

19

Average List Price

$676,484

$601,605

Average Days to Offer

12.9

12.7

Average Sale Price

$700,016

$611,974

 

Keeping on-trend, there were fewer condo home sales in 2019 than 2018, but that’s where the similarities end. Both the average list price and average sale price were down in 2019 vs. 2018, and DTO was about the same. This is good news for condo homebuyers who are looking to make a move out of the city and own their own property in a vibrant community.

Overall, we are seeing a loosening of inventory but home values continue to rise. This gives homebuyers a little more command over their situation, but home sellers should still feel confident about getting a good value on the sale of their home.

As we get closer to the end of 2019 and set our sights on 2020, we know the market will continue to shift and change. Thinking of buying or selling your home? Contact us and we can break it down for you so you can see, with 2020 clarity, your real estate possibilities in 2020!

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

    Comments

    1. No comments. Be the first to comment.