This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: Can you provide some end-of-year statistics for the residential real estate market in Arlington?
(Updated at 10:50 p.m.) Arlington continued to be a strong, stable real estate market in 2015 with $1.82B in home sales and 2.1% year-over-year growth on average sale price, highlighted by 10.7% growth in the 22203 zip. However, it took the average seller 9 more days to sell his/her home, an increase of 22.8% over last year.
I’ve charted 2011-2015 stats to provide some context and broken the numbers out by zip code to show localized trends. “Sale price” factors in seller credits/subsidies. “Days on market” is an indicator of market pace (anything under 30 days is extraordinarily fast). “Discount” shows how much less the average homes sells for compared to its original list price (100% means buyer paid full price).
I love working with data so if you have any data-driven questions you’d like to see answered here, let me know and I’ll see what I can do! I recently got a question about median price-per-bedroom in Arlington, which I’m excited to take a shot at in an upcoming article.
Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with Real Living At Home, 2420 Wilson Blvd #101 Arlington, VA 22201, 202-518-8781.