Home Prices In Arlington Continue To Hike

The housing market in Arlington County is getting more and more expensive as potential buyers continue to have fewer homes and condos to choose from.

1111 ARLINGTON BLVD, Unit 1004, Arlington VA, 22209
Condos in Arlington. Amazon’s decision to move to Arlington is causing a squeeze in real estate for sale in Northern Virginia.

According to Long & Foster’s monthly market snapshot, there were only 193 sales in Arlington County in September.  That’s down 13% from the previous year, while the number of homes on the market, now at 268, is down 52% from last fall.

The median price paid by Arlington buyers in September was $590,000. That is $75,000, or 15% more than last year!

Prices were largely up throughout Northern Virginia except in Alexandria City where the median price of sale last month was down 4% at $499,000. However, the city also saw a 10% decline in sales(180) from last September with the active inventory being down 54%.

“The Amazon effect is still in full swing, with both Arlington and Alexandria seeing their inventory contract, causing a squeeze on the number of units being sold,” said Long and Foster President Larry Foster.

Meanwhile, Northen Virginia’s largest county, Fairfax County, got 1,179 sales in September, a 13% increase from last year. The median was also up 4% at 502,500.

Loudoun County’s sales were up 17% from last year with the median price of $ 495,000, while the number of sales in Prince William County rose 8% with a median price of $382,000, up 5% from a year ago.

The inventory contraction is more evident in Arlington and Alexandria, though the number of listings is down double digits in all jurisdictions across Northern Virginia.

Properties in Arlington County

Charity W.

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Charity W. is a professional and skilled writer with a diploma in Mass Communication. When she is not glued to her computer screen, Charity spends her time reading, traveling, and watching movies. She is an expert on Arlington Virginia and keeps current with local events and occurrences.