Homes that sold in Arlington in February had the highest per-square-foot value across Northern Virginia, although Arlington and most other local jurisdictions posted declines from a year before, according to new data.
At $403 per square foot, Arlington led the local suburbs, according to data reported March 12 by MarketStats by ShowingTime.
But Arlington’s per-square-foot sales price was, on average, down 15 percent from the $472 recorded in February 2018. And the community wasn’t alone; declines were reported in may localities:
• Falls Church saw its average per-square-foot cost decline 2.8 percent to $378.
• Alexandria’s per-square-foot cost declined 9.9 percent to $365.
• Fairfax County’s per-square-foot cost dropped 9.7 percent to $278.
• Loudoun County’s per-square-foot cost was down 10.4 percent to $198.
• Prince William County’s per-square-foot cost dropped a sizable 21.4 percent to $165.
• Stafford County’s per-square-foot cost was down 15 percent to $142.
Across the Mid-Atlantic as a whole, the average per-square-foot cost of $206 for residential properties that sold in February was down 11.2 percent from $232, based on ShowingTime data. The highest-priced major jurisdiction was the District of Columbia at $483, down 5.7 percent from $512 a year before.