Despite the fact that the median price of a single-family home in Arlington, Massachusetts declined in March and the first quarter, condo prices continued their meteoric rise this year, according to data compiled by the Massachusetts Association of Realtors.
In March, the median price of a condominium in Arlington, MA jumped 88.4 percent. The median price was $268,000 in March 2013, but increased to $505,000 in March 2014. During the first quarter, the median condo price stood at $435,750, a 38.9 percent increase from $313,750 in Q1 2013. Condominiums sold for 97.9 percent of original list price in March and 100.2 percent of the original list price during the first quarter, up 0.8 percent and 3.1 percent respectively.