Good news for homeowners, especially those thinking about selling or refinancing: Home prices across the country and here in the D.C. metro area rose more than expected in July, according to data released Tuesday from the S&P/Case-Shiller Housing Index.
The average home sales price in Arlington was $767,160 in the week ending Sept. 19, according to data from real estate service Trulia. (See data for average homes sales prices by Arlington ZIP code below.)
Across the D.C. metro area, the seasonally-adjusted Case-Shiller price index (which measures the average sale price for single-homes) for July this year was 188.64. That's up from 182.06 in July 2011 and 184.11 in July 2010.
The numbers are calculated based on the repeat sale of existing single-family homes, where the baseline of 100 is the average price as of January 2000. The bottoming out of the index in our area was in April 2009.
“The S&P/Case-Shiller index of property values in 20 cities increased 1.2 percent from July 2011, the biggest 12-month advance since August 2010,” Bloomberg News reported this morning.
The following is information from Trulia with the average home price by ZIP code in Arlington County for the week ending Sept. 19, 2012:ZIP Code Average Price 22201 $752,924 22202 $615,065 22203
$609,60622204 $498,240 22205 $812,353 22206 $377,821 22207 $1,330,435 22209 $869,361 22211 not available 22213 $900,944 22101 $2,538,796