Which Market Ranked #1 On The “2011 Real Estate Markets to Watch” List?

Which Market Ranked #1 On The “2011 Real Estate Markets to Watch” List?

According to Inman News, a trusted source national real estate information, the Washington/Arlington/Alexandria, VA area was named the #1 real estate market to watch in 2011.

Below are some statistics that show why an Arlington Virginia home or Arlington Virginia real estate is so appealing. Take a look at these impressive numbers for the Arlington VA real estate market:

Median home sales price: $331,100

Percent change YTD: 8.1%

Sales volume (units sold in 2010): 97,860

Percent change (sales volume) YTD: -3.5%

Unemployment rate: 5.7%

2010 foreclosure activity rate: 1 in 49 units

As you can see, though the volume of sales were down in 2010, the price of homes increased by a wonderful 8.1%. The Washington DC real estate market was one of two metropolitan areas to boast gains in 2010. With low unemployment and high paying jobs throughout the area, it’s hard not to look toward the coming months with optimism.

This Arlington Virginia real estate market information courtesy of Mr. Arlington. If you’d like more information onmoving to Arlington Virginia, please visit MrArlington.com.