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Real Estate Arlington Va - Current real estate trends in the City of Arlington, Virigina

market price home virginia

The real estate market throughout the United States has been declining for over two years. Except for a few markets out west, the selling price of the available inventory continues to be in favor of buyers. If you are a buyer, you have more options and more possible deals when it comes to negotiating for a home.

Current real estate trends in Arlington, Virginia are a little different than other areas. Arlington is close enough to Washington, DC that there are always buyers, no matter what the cost of the home is.

Early March showed the average high listing price of $657,000 and by March 31 that price dropped down to $632,518. The average price per square foot was $83, which is up 2.4% over last year at the same time. There were a total of 383 homes sold in the Arlington market during that time frame. Those are current real estate trends in the expensive area of Arlington, Virginia.

The most popular zip codes in Arlington, Virginia are 22201, 22207, 22204, 22202 and 22205.

An example of the type of home for sale currently in Arlington, Virginia, is a 1950’s brick ranch style home with a finished basement, 3 bedrooms and 3 baths and one car attached garage is on the market for $649,000. That particular home still has many of the 1950’s features and does need a lot of updating. For the Arlington market the price is reflective of the trends. If it were in a different market it would be over priced.

If $324,900 sounds like a good number, you can buy a 1 bedroom, 1 bath condo built in 1973. It has been upgraded with granite counters and stainless steel appliance and it has a fantastic view of the city.

It all depends on what you want, what you can afford and what kind of deal you can work out. The current real estate market is something you need to pay close attention to if house hunting is in your future.

Real Estate Asheville Nc - Where to find real estate in Asheville, NC [next] [back] Real Estate Alexandria Virginia - Many choices in Alexandria Virginia Real Estate

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