Focus On: Arlington County, Virginia
September, 2010
Including:
Units Sold
Active Inventory
Median Sale Price
Days On Market
178
793
$460,750
46
575,000 550,000 525,000 500,000 475,000 450,000 425,000 400,000 375,000
1,000 950 900 850 800 750 700 650 600
350
300 250 200 150 100 50
J- 08 O-08 F- 09 J- 09 O-09 F- 10 J- 10
J- 08 O-08 F- 09 J- 09 O-09 F- 10 J- 10
70 65 60 55 50 45 40 35 30 J- 08 O-08 F- 09 J- 09 O-09 F- 10 J- 10
J- 08 O-08 F- 09 J- 09 O-09 F- 10 J- 10
Do wn -23%
Up 1%
Up 7%
No C hange
Vs. Ye ar Ago
Vs. Ye ar Ago
Vs. Ye ar Ago
Vs. Ye ar Ago
Units Sold* 160
Sold Detached
Sold Attached
Sold Condo/ Coop
Units Sold
140
The re was a de c re ase in total units sold in Se pte mbe r, with 178 sold this month in Arlington County ve rsus 220 last month, a de c re ase of 19%. This month's total units sold was lowe r than at this time last ye ar, a de c re ase of 23% ve rsus Se pte mbe r, 2009. The c urre nt month's total is lowe r than the twe lve month ave rage of 226.
120 100 80 60
40 20 -
Active Inventory* 1,200
Active Detached
Active Attached
Active Condo/ Coop
1,000
Active Inventory Ve rsus last ye ar, the total numbe r of home s available this month is highe r by 5 units or 1%. The total numbe r of ac tive inve ntory this Se pte mbe r was 793 c ompare d to 788 in Se pte mbe r, 2009. This month's total of 793 is highe r than the pre vious month's total supply of available inve ntory of 774, an inc re ase of 2%.
800 600
400 200 -
Median Sale Price 500,000
450,000
Se p-10 $460,750
Median Sale Price
250,000
Last Se pte mbe r, the me dian sale pric e in Arlington County was $432,500. This Se pte mbe r, the me dian sale pric e was $460,750, an inc re ase of 7% or $28,250 c ompare d to last ye ar. The c urre nt me dian sold pric e is 7% highe r than in August.
200,000
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
400,000
350,000 300,000
Se p-09 $432,500
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s knowledgeable and experienced sales associates. Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.."