North Arlington Condo Market Update – September 2008


Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

1 BR Units

2BR Units

ACTIVE LISTINGS as of Sep 29

Average List Price

$352,725

$542,493

Number of Active Listings

50

57

Average Property DOM(P) – Actives

69

119

SOLD LISTINGS

Average Sold Price for Previous Month (does not include seller subsidies)

$323,929

$458,069

Number of Sold Listings in Previous Month

31

32

Average Property DOM(P) – Solds

70

64

Absorption Rate

6 = Balanced Market

>6 = Buyer’s Market

<6 = Seller's Market

1 Bedroom Condos = 1.6

2 Bedroom Condos = 1.8


* Statistics exclude retirement communities

Click here to see the previous North Arlington Condo Market Update

Source: MRIS data as of 09/29/2008. All data deemed reliable but not guaranteed.

Share

2 thoughts on “North Arlington Condo Market Update – September 2008

  1. Yes, there are a two $1.2 million 2BR condos in North Arlington active on the market right now that are skewing the current list price high, both in the Odyssey. In other buildings, there are two in the $800s, one in the 700s, and nine in the 600s.

    The highest priced 2br that sold in August closed at $613K (Clarendon 1021).

    That’s the danger of using averages – they can sometimes result in wild swings when there are outliers.

Leave a Reply

Your email address will not be published. Required fields are marked *