Sale price

November Real Estate in Arlington - by the Numbers

The holiday season most certainly has an impact on the real estate market. This isn’t new, but how does the start of one holiday season compare to another?

We took a snapshot of November home sales for single-family, condo, and multi-families in Arlington for both 2018 and 2019, and here’s what the data reveals:

Arlington Home Sales: November

You’ll notice that the number of single-families and condos sold for 2018 and 2019 stayed fairly steady without much variation. The number of multi-families sold dipped from 7 in 2018 to just 2 in 2019 (note the number of multi-family sales declined in October 2019 vs. October 2018 as well).  It will be interesting to see where this trend goes over the next few months.

Arlington Average Days on Market: November

Single-families are selling a bit quicker in November 2019 vs. November 2018, and condos are relatively steady comparatively. Multi-families have seen a somewhat significant drop in days on market. This is consistent with our October comparison as multi-families continue to be scarce and sell quickly.

Arlington Average Sale Price: November

Average sale price of single-families was slightly down, and condos slightly up. Coming in just a bit higher in 2019 than 2018 ($3,286 to be exact), the multi-family average sale price is up as well.

Overall, not a ton of fluctuation in November 2019 vs. November 2018, but the star of the market right now seems to be the multi-family which is in demand, selling quickly and at a higher price in November 2019 than November 2018.

*Here is the above data in a snapshot view:

2019 ARLINGTON

Single Family Sold Listings: 26 Avg. DOM: 27.23 Avg. Sale $: $894,346

Condominium Sold Listings: 24 Avg. DOM: 16.96 Avg. Sale $: $537,204

Multi Family Sold Listings: 7 Avg. DOM: 50 Avg. Sale $: $889,214

2019 ARLINGTON

Single Family Sold Listings: 24 Avg. DOM: 20.63 Avg. Sale $: $798,562

Condominium Sold Listings: 24 Avg. DOM: 18.08 13 Avg. Sale $: $607,734

Multi Family Sold Listings: 2 Avg. DOM: 29.5 Avg. Avg. Sale $: $892,500

 

 

    Comments

    1. No comments. Be the first to comment.