Northern Virgina Homes ‘Days on Market’ Headed in the Right Direction

 

According to a Realtor.com analysis of home sales in 146 markets throughout the country it took an average of 95 days to sell a home in April—13% longer than it took to sell a home in April 2010. But that’s certainly not the case in the greater Washington, D.C. market (including the Maryland and Northern Virginia suburbs). Homes sold in April in the greater Washington, D.C. area were on the market for an average of just 57 days—less time than it took to sell a home in all but three of the metro areas studied. In Northern Virginia, homes in Prince William county, Manassas and Manassas Park sold the fastest, spending an average of 51 days on the market. In Fairfax, that number was 57 and Arlington and Alexandria followed with an average of 66 and 69 days on the market respectively.

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Arlington, VA

Arlington is an urban county located dirctly across the Potomac River from Washington, DC. Arlington has focused high-density commercial and residential development around Metrorail stations in the Rosslyn-Ballston and Jefferson Davis Metro Corridors while maintaining lower density residential neighborhoods in the rest of the County. While tourists may only see the Pentagon and Arlington National Cemetary when they visit, Arlington also has public parks, arts and culture, restaurants for any taste, and award winning schools.

 

Arlington Single Family Homes Average Sales Prices:

• 2005: $721,323 for 1,167 units
• 2006: $718,237 for    989 units
• 2007: $736,041 for    925 units
• 2008: $676,157 for    783 units
• 2009: $664,290 for    917 units
• 2010: $708,669 for    926 units
• 1st Quarter 2011: $645,816 for 145 units
• To establish your Arlington home purchase profile, sign up for a free Listingbook account.

Arlington Townhome Average Sales Prices:

• 2005: $551,594 for 533 units
• 2006: $554,294 for 481 units
• 2007: $553,871 for 463 units
• 2008: $521,743 for 373 units
• 2009: $504,836 for 364 units
• 2010: $510,481 for 400 units
• 1st Quarter 2011: $509,613 for 74 units
• To establish your Arlington townhome purchase profile, sign up for a free Listingbook account.

Arlington Condominium Average Sales Prices:

• 2005: $381,242 for 1,231 units
• 2006: $368,225 for 1,033 units
• 2007: $368,047 for 1,116 units
• 2008: $346,402 for    787 units
• 2009: $342,005 for 1,001 units
• 2010: $345,795 for     949 units
• 1st Quarter 2011: $361,598 for 188 units
• To establish your Arlington condo purchase profile, sign up for a free Listingbook account.

Fairfax and Arlington Market Updates — April 2011

Fairfax and Arlington Market Updates — March 2011

Fairfax and Arlington Market Update — February 2011