What are the Best Selling Condo Buildings in Arlington?
Someone asked me the other day what was the best selling condo building in Arlington. I had a hunch on a number of buildings, but was curious what the data would tell me. So, I geeked out for an hour did a little number crunching. I looked at all sales for the first half of the year. I looked at two stats - the average days on market and the ratio of the final sales price to the original asking price. I find these two stats give the best indication of demand for a building.
The results might surprise you.
I didn’t want to use data for a building that only had a couple sales as that is not a big enough sample size. I decided to use 6 as the minimum number of sales, that works out to one per month.
I also didn’t include new buildings (Trafalgar Flats and the Flats at Pierce Court). When new buildings are entered in the MLS, they only enter a few listings which skews the data.
So, the best selling condos in the first half of 2019 are:
After I found the average days on market and the average of the final sales price to the original sales price, I ranked them and put them in quartiles. So, the first quartile would get a score of 1, the second quartile a score of 2, etc. I did this for each of the two stats and added them together for a combined score. The lowest combined score would be a two and these I determined to be best selling. You can agree or disagree with my methods, but the numbers don’t lie.
If I wanted to add some more stats, I would have factored in expired and withdrawn listings. If you're curious where your building is on the list, here are the complete results:
| Building | Listings | Avg DOM | DOM Qrt | Close/Original Price | Ratio Qrt | Total Score |
|---|---|---|---|---|---|---|
| The Arlington | 19 | 12.32 | 1 | 102.48% | 1 | 2 |
| Eastview | 12 | 15.08 | 1 | 102.26% | 1 | 2 |
| Fairlington | 73 | 11.18 | 1 | 102.16% | 1 | 2 |
| Windgate Of Arl | 10 | 10.70 | 1 | 101.52% | 1 | 2 |
| West Vge At Shir | 22 | 13.86 | 1 | 101.29% | 1 | 2 |
| Charleston Condo | 9 | 19.44 | 2 | 101.83% | 1 | 3 |
| Liberty Center | 6 | 25.17 | 2 | 101.54% | 1 | 3 |
| Carlyn Place | 6 | 8.67 | 1 | 100.83% | 2 | 3 |
| Continental | 6 | 11.67 | 1 | 100.77% | 2 | 3 |
| Grove At Arlington | 11 | 10.73 | 1 | 100.65% | 2 | 3 |
| Shirlington Vill | 6 | 10.67 | 1 | 100.54% | 2 | 3 |
| Eclipse On Cente | 15 | 10.33 | 1 | 100.16% | 2 | 3 |
| Summerwalk I&Ii | 7 | 26.57 | 3 | 123.21% | 1 | 4 |
| Courtbrdge I&Ii | 8 | 41.00 | 3 | 101.35% | 1 | 4 |
| Commons Of Arl | 7 | 25.29 | 2 | 101.03% | 2 | 4 |
| Century South | 22 | 20.18 | 2 | 100.74% | 2 | 4 |
| Park At Courthouse | 7 | 18.71 | 2 | 100.46% | 2 | 4 |
| Alta Vista | 8 | 29.38 | 3 | 100.90% | 2 | 5 |
| Arlington Village | 16 | 28.88 | 3 | 100.83% | 2 | 5 |
| Westmoreland Terrace | 6 | 29.00 | 3 | 100.14% | 2 | 5 |
| Ballston880 | 6 | 25.33 | 2 | 100.10% | 3 | 5 |
| Westview | 10 | 26.20 | 2 | 99.98% | 3 | 5 |
| Westlee | 6 | 22.50 | 2 | 99.82% | 3 | 5 |
| Crystal Park -S | 7 | 16.29 | 2 | 98.95% | 3 | 5 |
| Station Square | 16 | 35.00 | 3 | 99.88% | 3 | 6 |
| Phoenix | 8 | 27.63 | 3 | 99.86% | 3 | 6 |
| Belvedere | 12 | 40.17 | 3 | 99.24% | 3 | 6 |
| Colonial Village | 16 | 38.88 | 3 | 98.86% | 3 | 6 |
| Carlton | 12 | 22.50 | 2 | 97.73% | 4 | 6 |
| Arlington Oaks | 6 | 52.50 | 4 | 99.78% | 3 | 7 |
| Atrium Condo | 15 | 38.60 | 3 | 98.21% | 4 | 7 |
| Astoria | 12 | 48.92 | 4 | 98.49% | 4 | 8 |
| Columbia Knolls | 12 | 47.58 | 4 | 98.34% | 4 | 8 |
| Hyde Park | 6 | 56.00 | 4 | 98.15% | 4 | 8 |
| Wooster & Mercer Lofts | 6 | 47.00 | 4 | 97.76% | 4 | 8 |
| Odyssey | 10 | 54.10 | 4 | 97.53% | 4 | 8 |
| Clarendon1021 | 16 | 64.56 | 4 | 97.13% | 4 | 8 |
| Prospect House | 7 | 101.14 | 4 | 96.04% | 4 | 8 |
| River Place | 45 | 73.62 | 4 | 95.70% | 4 | 8 |
| Turnberry Tower | 11 | 83.55 | 4 | 95.58% | 4 | 8 |
