single family 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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    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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      Arlington Home Sales Year-to-Date

      The latest data on Arlington home sales shows that inventory remains low and home values are up in 2020 as compared to this time last year.

      Across the board, single-family homes, condos, and multi-family homes have seen a decrease in inventory levels and a rise in home values from Jan. 1- July 31st 2019 to 2020.

      This means that potential home sellers can list their homes with little competition and the opportunity for selling quickly and for a good price is high.

      There are many factors contributing to this competitive market, location and proximity to Boston amenities and public transportation are always driving factors. Today, we also have people seeking alternatives to city living, or looking for yards or office space.

      If you are thinking of selling, this could be a prime opportunity. Contact us today and we can put together a custom plan suited to your needs and timeframe.  

      YourHomeForSale@GibsonSIR.com, 781-645-0505.

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