The Place
To Make A Connection
With Your Community

RSS

Arlington’s Luxury Home Market Update

Arlington’s Luxury Home Market Update

Hi! I hope this finds you well and staying warm. I just returned from an incredible seminar focused on luxury homes’ best practices for marketing and sales. Based on the up-to-date information and tools available to serve the luxury homes market segment, our team is implementing more steps to serve you at an even higher level. Our concierge level of service will be expanded to include some very exciting items. Stay tuned to hear more about that in the coming months!

Arlington’s luxury home market continues to move. Here is a recap of the luxury homes market as it pertains to Arlington, VA. For specification, we will call the luxury homes in Arlington ones that list and/or list and sell (because not all homes that list sell) at or above $900,000.

Currently, we have for sale an inventory of 126 homes up to $3.875, with an average price of $1.579M. The average days on market is a very respectable 135DOM. For comparison, in all price categories, we have 434 homes for sale with an average 82DOM. Of the 115 total luxury homes for sale, 98 are detached. The remainder are in the categories of townhomes, townhome condos and condos.

Our last six month’s luxury home sales has 74 sold at an average price of $1.386M. A fun fact: The highest listed price was $2.995M and sold for $2.860M (located in the Country Club Hills neighborhood). The average days on market for luxury homes was only 27DOM. That is a very good number considering that the average days on market of the total homes sold in Arlington during this period – 699 homes – was 32DOM.

Ask us questions here or contact us for more information. We are always delighted to help in any way. Just a note that what you see online, on whatever website you use to research homes, is only a portion of what you can consider purchasing soon. I always know of homes that are not yet listed. I can share information with you based on what you are looking for.

Have a great day!

Cheers,
Ken

Leave a Reply

facebook twitter linked in youtube