Selling a Home in Arlington County, VA - August 2013 Real Estate Stats

By
Real Estate Agent with Keller Williams

The county of Arlington saw 291 homes sold total in the month of August, which is a 20% increase from 2012 but only a 3% increase from the previous month. The total value of the homes sold was $172,993,406, up 29% from 2012 but only 3% from July.

The median value of a home sold in Arlington in August was exactly $500,000, down 2% from the previous year and almost 5% from July. On the other hand, the average price of a home was much higher at $594,479, up 8% from 2012 and .5% from July. When a house was listed and sold on the open market, the seller would receive an average of 98.26% of their original asking price. This means that if the house was listed for $500,000, the seller would end up getting around $491,000 when all was said and done.

By the end of the month, Arlington County had 393 active listings, a 14% decrease from the year prior. Of those listings, 273 of them were new, up around 5% from 2012. Given that there were 283 units sold in Arlington in July, the 393 listings constitutes well over a month’s supply of houses, indicating that the housing market is perfectly healthy in that area. Furthermore, when a house was listed on the market, it took an average of 29 days to sell, down 42% from August of 2012. Sometimes you don’t have a month to wait, though. If you want to sell your house in as little as 7 days, then contact Express Homebuyers today! We’ll work with you to close the deal fast!

 

Posted by

Brad Chandler

Co-Founder & CEO, Express Homebuyers

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Comments (2)

Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Good Morning:  Great news for all in your area, and a great report!!  keep up the good work and good luck with your business,  E

Oct 12, 2013 01:27 AM
Anonymous
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Jul 09, 2018 10:26 PM
#2