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: