Arlington Area Market Review

Page 1

Arlington, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020

Single Family Listing Inventory on September 16

2019

2020

Var.

Var. %

Listing Units

35

15

-20

-57.14%

Average Days on Market

31

38

7

22.58%

Average List Price

$1,033,316.80

$938,430.36

-$94,886.44

-9.18%

Average List $ / SqFt

$434.95

$440.23

$5.28

1.21%

Approximate Absorption Rate

65.95%

146.67%

80.72%

122.40%

Approximate Months Supply of Inventory

1.52

0.68

-0.84

-55.26%

Listed (Year to Date)

2019

2020

Var.

Var. %

Listing Units (Taken)

260

236

-24

-9.23%

Average Original List Price

$949,228.75

$957,163.32

$7,934.57

0.84%

Average Original List $ / SqFt

$435.06

$446.20

$11.14

2.56%

Went Pending (Year to Date)

2019

2020

Var.

Var. %

Listing Units (Went Pending)

213

212

-1

-0.47%

Average List Price

$916,347.88

$932,278.71

$15,930.83

1.74%

Average List $ / SqFt

$426.41

$443.71

$17.30

4.06%

Average Days to Offer

21

15

-6

-28.57%

Listed & Price Changed (Year to Date)

2019

2020

Var.

Var. %

Listing Units (Price Changed)

55

38

-17

-30.91%

Average Original List Price

$1,074,157.96

$1,009,523.37

-$64,634.59

-6.02%

Average Original List $ / SqFt

$439.32

$440.56

$1.24

0.28%

Sold (Year to Date)

2019

2020

Var.

Var. %

Closed Units (Sold)

195

177

-18

-9.23%

Average Days on Market

25

25

0

0%

Average Days to Offer

19

18

-1

-5.26%

Average Sale Price

$927,940.56

$956,994.09

$29,053.53

3.13%

Average Sale $ / SqFt

$441.73

$456.25

$14.52

3.29%

Average List Price

$899,325.57

$934,289.75

$34,964.18

3.89%

Average List $ / SqFt

$426.76

$442.24

$15.48

3.63%

Average Original List Price

$910,113.33

$943,634.95

$33,521.62

3.68%

Average Original List $ / SqFt

$431.45

$446.07

$14.62

3.39%

Average Sale Price as % of List Price

103.46%

103%

-0.46%

-0.44%

Average Sale Price as % of Original List Price

102.43%

102.12%

-0.31%

-0.30%

Average Sale Price as % of Assessed Price

N/A

N/A

N/A

N/A

Sold Units - Short Sale

0

0

0

0%

Sold Units - Lender-Owned

0

0

0

0%

12-Month Activity as of September 16

2019

2020

Var.

Var. %

Units Listed

332

291

-41

-12.35%

Units Price Changed

71

52

-19

-26.76%

Units Went Pending

291

289

-2

-0.69%

Units Sold

277

264

-13

-4.69%

Trend

Trend

Trend

Trend

Trend

Trend

This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF


Arlington, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020

Condominium Listing Inventory on September 16

2019

2020

Var.

Var. %

Listing Units

27

33

6

22.22%

Average Days on Market

20

22

2

10%

Average List Price

$633,492.48

$689,439.39

$55,946.91

8.83%

Average List $ / SqFt

$458.37

$468.05

$9.68

2.11%

Approximate Absorption Rate

68.83%

58.08%

-10.75%

-15.62%

Approximate Months Supply of Inventory

1.45

1.72

0.27

18.62%

Listed (Year to Date)

2019

2020

Var.

Var. %

Listing Units (Taken)

203

217

14

6.90%

Average Original List Price

$655,942.83

$691,767.26

$35,824.43

5.46%

Average Original List $ / SqFt

$465.81

$476.03

$10.22

2.19%

Went Pending (Year to Date)

2019

2020

Var.

Var. %

Listing Units (Went Pending)

168

179

11

6.55%

Average List Price

$646,983.31

$685,353.07

$38,369.76

5.93%

Average List $ / SqFt

$462.22

$470.76

$8.54

1.85%

Average Days to Offer

17

17

0

0%

Listed & Price Changed (Year to Date)

2019

2020

Var.

Var. %

Listing Units (Price Changed)

35

40

5

14.29%

Average Original List Price

$709,742.86

$824,957.38

$115,214.52

16.23%

Average Original List $ / SqFt

$467.44

$469.70

$2.26

0.48%

Sold (Year to Date)

2019

2020

Var.

Var. %

Closed Units (Sold)

151

158

7

4.64%

Average Days on Market

24

26

2

8.33%

Average Days to Offer

18

18

0

0%

Average Sale Price

$655,935.55

$694,199.68

$38,264.13

5.83%

Average Sale $ / SqFt

$470.87

$483.17

$12.30

2.61%

Average List Price

$637,780.12

$678,080.38

$40,300.26

6.32%

Average List $ / SqFt

$457.00

$471.83

$14.83

3.25%

Average Original List Price

$643,133.11

$684,610.09

$41,476.98

6.45%

Average Original List $ / SqFt

$460.57

$475.88

$15.31

3.32%

Average Sale Price as % of List Price

103.01%

102.43%

-0.58%

-0.56%

Average Sale Price as % of Original List Price

102.27%

101.59%

-0.68%

-0.66%

Average Sale Price as % of Assessed Price

N/A

N/A

N/A

N/A

Sold Units - Short Sale

0

0

0

0%

Sold Units - Lender-Owned

0

1

1

0%

12-Month Activity as of September 16

2019

2020

Var.

Var. %

Units Listed

263

273

10

3.80%

Units Price Changed

50

52

2

4%

Units Went Pending

232

247

15

6.47%

Units Sold

223

230

7

3.14%

Trend

Trend

Trend

Trend

Trend

Trend

This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF


Arlington, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020

Single Family

This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF


Arlington, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020

Condominium

This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF


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