The average sale price of homes in Arlington dipped in February compared to one year prior, the first such dip for the month since 2014.
The general trend for February home sales has been up, however, since February 2010.
Despite the decrease in the average sale price, the number of homes — including condos, townhomes and single-family detached houses — sold in February 2018 was up 3.6 percent year over year, with a total of 175 homes sold. Selling prices were 1.48 percent less than the asking prices.
The median home selling price in Arlington in February, meanwhile, was up 0.44 percent to $532,353.
Average sale prices can be affected by changes in the mix of the types of homes sold. For instance, a higher percentage of condos — which typically sell for less than single-family homes — sold may cause a dip in the average. In February 2018, 62% of the homes sold in Arlington were condos, compared to 58% in February 2017.
Update at 5 p.m. — Another source of local real estate data, Bright MLS, is reporting a jump in Arlington’s median home selling price in March.
“Arlington County led the region for price, with a median selling price in March of $564,250,” WTOP reported Tuesday afternoon. “That’s up 11 percent from a year ago and topped D.C.’s median price of $555,451, which was up 3.8 percent.”
Police issued a traffic ticket every six minutes, on average, during an enforcement effort in front of Nottingham Elementary on Thursday afternoon.
Police swarmed the Rosslyn neighborhood after an alleged thief led an officer on a brief foot pursuit.
It’s holiday time and the lights are coming on in Arlington. Over the next several weeks, a slew of tree lightings, Santa visits, markets, and holiday celebrations are happening around…
A 2 BD/2 BA fully renovated brick home in North Arlington with hardwood floors is included in Home Hunt Highlights.
Join us December 10 & 11 for our Annual Handmade Holiday Workshop Series. We have a myriad of fun and festive programs from linoleum block wrapping paper printing and buttonhole book making workshops led by Eliza Clifford to a meditative grid workshop and Calligraphy Card Making with Anjelika Deogirikar. Join these wonderful artists and get creative this holiday season!
If you’re looking for a mental health professional in Virginia, Washington D.C., or Maryland, we can help.
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Join us as we celebrate the holiday of Chanukah! Enjoy delicious Latkes, hot cocoa, donuts and more!
Clarendon Menorah Lighting and Community Celebration
Experience the festival of lights!!
*Lighting of a giant 9 foot Menorah