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As of mid-June 2008, approximately 41% of the homes currently on the market for resale in Arlington, Virginia are condominium units. Condos are scattered throughout the county of Arlington, but the highest concentrations are found in Rosslyn to Ballston corridor along the Orange Line Metro and in the Pentagon City/Crystal City areas.
How much do condos in Arlington cost?
In May 2008, there were 115 sales of condos in Arlington at an overall average net sales price of $348,373.
Of the 376 condos currently on the market (as of June 16, 2008), there are:
11 studio condos at an average listing price of $192,607
141 one bedroom condos at an average listing price of $322,132
193 two bedroom condos at an average listing price of $451,780
29 three bedroom condos at an average listing price of $784,419
The charts below detail the average asking prices at the Arlington condominiums with the most currently available inventory. The data is broken down by style of condo (garden, mid-rise, or high-rise) and the number of bedrooms.
Arlington has been somewhat immune from the drops in price that have occurred throughout other parts of Northern Virginia. This is especially true with condos along the Orange Line Metro for which buyers are still willing to pay a sizable premium.
Notes on Odyssey condos: 1. 2 bedroom penthouse suite condo priced at $1,247,500 was not included in average price calculation. 2. Two 3 bedroom available: 1st floor unit for $749,900; 10th floor corner unit for $1,995,000
ELEANOR: Thanks for your comment. We have a lot of condos and condo buyers over here, so providing pricing information is a valuable service (at least that's how I feel).
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
2 Comments on Arlington Virginia Average Condo Prices -- June 2008
This is great info - especially since CONDO NUMBERS are not included in the Case Shilling / OFHEO numbers that keep popping up! Thanks!
ELEANOR: Thanks for your comment. We have a lot of condos and condo buyers over here, so providing pricing information is a valuable service (at least that's how I feel).