Arlington MA Real Estate Update

Week Ending 9/10/09

The average price per square foot for Arlington MA was $283, a decrease of 12% compared to the same time last year. The average sales price for homes, condos, and multi-families in Arlington MA for the period 8/10/09 to 9/10/09 was $411,196 based on 96 home sales. Compared to the same period one year ago, the average home sales price decreased 17%, or $85,260, but the number of home sales increased 71%.

There are currently 41 resale and new homes in Arlington MA (not including bank-owned or pre-foreclosure properties). The average listing price for single family homes for sale in Arlington MA was $589,342 for the week ending Sep 10. The average listing price for condos for sale in Arlington MA was $380,938 and for multi-familes it was $557,770 for the same period. There are currently a total of 108 total properties for sale in Arlington MA (including bank-owned and pre-foreclosure listings), with 52 Single Family homes, 44 Condos, and 12 Multi-family homes currently listed.

If you’ve been on the fence about buying property in Arlington MA, now is a great time to make your move. Prices are lower than last year but the inventory is also lower, which will start to drive prices up. Get in now before it’s too late!

-TMC

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