condo home sales

Arlington June Home Sales Snapshot

If June home sales are any indicator, it was a busy spring for Arlington real estate.

Out of the 29 single-family home sales in Arlington, 16 were over asking price, 10 were under and 3 were at list price. The average list price was $927,710, average sale price was $958,838, and days on market (DOM) was 20.6.

There were 30 condo homes sold in Arlington in June with 23 over asking price, 2 under, and 5 at list price. The average list price was $645,393, average sale price was $672,494, and days on market (DOM) was at 14.6.

So what does all of this mean? It means we’ve hit something of a sweet spot.

Inventory has loosened up for both single-family and condo home homes, which is great news for home buyers who are looking for more options. The average sale price is still trending above asking for both condos and S/F homes, which is great news for sellers who want to get a solid price on the sale of their home.

Condos in particular seem to be hot right now, with average days on market just under 15, they are moving fast, and over 75% of condos are selling for over asking price which means they are in demand as well.

While single family homes are also in demand, we seem to be seeing fewer bidding wars, and they’re sticking around a little longer with an average of about 20 days on market. About 55% of homes went over asking.

Overall the Arlington real estate market remains strong but ever-changing. Be sure to check in with us for updates, or contact us today to get a clear picture about what the current market means for you and your homeownership status.

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    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!

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      Real Estate a Greater Boston Bright Spot

      Despite a global pandemic, social unrest and economic challenges, the real estate market in Greater Boston remains strong – a true testament to the robust and real-estate-resilient area we live in.

      Buyers are still buying and sellers are still selling.

      Based on the data comparing Arlington home sales in 2020 vs. 2019, you’ll notice that both single-family homes and multi-family homes are on the market slightly longer in 2020 than 2019, but home values for both properties continue to rise in 2020.

      Interestingly, condo homes are the opposite – selling faster in 2020 than 2019 but at slightly lower values.

      Overall, the real estate market is strong, buyer demand is high and prices are stable and rising. This is good new for anyone thinking about buying or selling their home this year. Don’t wait, just put your home in our hands.

      *MLS data Jan 1 – May 31, 2019-2020

      Arlington Single-family home sales (listed and sold)

      Arlington Multi-family home sales (listed and sold)

      Arlington Multi-family home sales (days on market)

      Arlington condo home sales (listed and sold)

      Arlington condo home sales (days on market)

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