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Selling Your Arlington Home in Spring 2015 – Statistics

Selling Your Arlington Home in Spring 2015 – Statistics

Hi! Arlington homeowners are asking me: “What is the chance of selling my home this Spring?”

I will share here Arlington’s current inventory of homes and you will quickly see why it is a Seller’s Market.

Total of all homes, any type (detached, condo, etc.) at all prices: 462
(The estimated 2014 population of Arlington County, VA, by the US Census Bureau was 224,906)

Average price of all: $734,397

Seller's Market

Seller’s Market

Number of homes available by price bracket / range
$1,000 – 299,000 106
300,000 – 399,000 61
400,000 – 499,000 44
500,000 – 599,000 31
600,000 – 699,000 37
700,000 – 799,000 27
800,000 – 899,000 20
900,000 – 999,000 14
1,000,000 – 1,099,000 4
1,100,000 – 1,199,000 10
1,200,000 – 1,299,000 9
1,300,000 – 1,399,000 9
1,400,000 – 1,499,000 14
1,500,000 – 3,750,000 58
(If you would like a further breakout of the last bracket / range, please comment on the post and ask. Thanks.)
Source: MRIS, March 9, 2015

With this very small number of homes on the market, sellers have much more ability to ask for a price they want (it still needs to be reasonable, as always) and get it, and with the best terms possible. Having the stronger market position as compared to buyers gives home seller’s the better negotiating position. More strength.

If you would like more information or a free market valuation of your home, please contact us. We can do it within 24 hours. Have a great day!

Cheers,
Ken

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