Arlington MA Real Estate Market - 2009 and 2008 | Centers And Squares

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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Arlington Real Estate Market In 2009 And 2008

Welcome to the Arlington Real Estate Year In Review

Welcome to the Arlington Real Estate Year In Review

Here’s a look back at the  Arlington real estate market in 2009 and 2008 followed by the last monthly real estate report for the year.  All data reflects properties listed on the MLS, the Multiple Listing System.

The Arlington real estate market was steady in 2009 with an increase of 3.5% over 2008 sales.  Arlington single family sales were particularly strong with an increase in numbers of homes sold of well over 10%.  That won’t come as a surprise to anyone who attended open houses in Arlington last year – they were typically mobbed and single families often received multiple offers. That phenomenon continues with one house in Arlington recieving ten offers after last weekend’s open house.

On the other hand, condo sales in Arlington were down almost 5% from 2008 sales. The median price paid for a condo in Arlington in 2009 was $340,500, down from the 2008 median price of $353,625.

Arlington Real Estate Market – Year In Review

Total properties sold in Arlington:

  • In 2009: 499 (+3.53%)
  • In 2008: 482

Average days on market:

  • 2009: 60 (-15%)
  • 2008: 69

Total value of real estate sales:

  • 2009: $220,552,380 (+1.14%)
  • 2008: $218,078,422

Properties sold for:

  • 2009: An average of 98% of asking price and a median price of $426,500 (-.82%)
  • 2008: An average of 98% of asking price and a median price of $430,000

Arlington Single Family Sales

  • 2009: 247 (+13.31%)
  • 2008: 218

Price range for single family homes:

  • 2009: $252,000 to $1,009,597
  • 2008: $210,000 to $1,350,000

Median price of single family houses sold:

  • 2009: $488,000 (+2.74%)
  • 2008: $475,000

On average, single families:

  • In 2009: were on the market 52 days & sold for 98% of asking price
  • In 2008: were on the market 49 days & sold for 98% of asking price

Arlington Condo Sales

  • 2009: 215 (-4.87%)
  • 2008: 226

Price range for condos:

  • 2009: $102,000 to $678,000
  • 2008: $95,000 to $725,000

Median price of condominiums sold:

  • 2009: $340,500 (-3.72%)
  • 2008: $353,625

On average, Arlington condos:

  • In 2009: were on the market 70 days and sold for 97% of list price
  • In 2008: were on the market 79 days and sold for 97% of list price

 Arlington Multi-Family Sales

  • 2009: 37 (-2.64%)
  • 2008: 38

Price range for multi-family properties:

  • 2009: $295,000 to $700,000
  • 2008: $385,000 to $1,545,000

Median price of multi-family houses sold:

  • 2009: $555,000 (-1.93%)
  • 2008: $565,875

On average, Arlington multi-families:

  • In 2009: were on the market 56 days and sold for 97% of list price
  • In 2008: were on the market 119 days and sold for 97% of list price

 

Here’s the last monthly sales report for 2009 – Arlington MA home sales in December   

Arlington Homes On The Market

88 homes were listed for sale in Arlington MA on December 31, 2009 for asking prices from $159,000 to $1,499,000. Homes had been on the market an average of 125 days. 

Arlington MA Home Sales – December 2009

41 homes sold  

  • Median price – $465,000 
  • Homes sold on average for 98% of the asking price 

23 single families sold in December 

  • Priced between $305,000 and $815,000 
  • Median sales price – $505,000
  • Average days on market – 57 days
  • On average single family homes sold for 98% of list price

14 condos sold in Arlington MA last month

  • Price range – $160,000 to $487,500  
  • Median sales price – $355,500
  • Condos sold for an average of 97% of the asking price
  • Average days on market – 53

4 multi-family houses sold in December 2009

  • Priced from $445,000 to $538,000
  • Median price – $477,500
  • Multi-families sold for 97% of asking price
  • Average days on market – 105

 Total value of Arlington MA home sales in December was $18,957,950.

SEARCH FOR ARLINGTON MASS REAL ESTATE

ARLINGTON MA HOMES SOLD IN NOVEMBER 2009

 

Information about Arlington MA Home Sales from MLSpin

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