Real Estate Blog

Kingstowne Real Estate – Market Update May 2017 

Kingstowne is located in Alexandria Virginia and known for its convenient location with easy access to major commuter routes, public transportation, and daily needs. Kingstowne is a planned community and home to over 5,300 residences. While Kingstowne itself is a community many locals know the area of Kingstowne as the 22315 zip code and some also consider 22310 a part of the area as it is situated right next to Kingstowne. For the purpose of this market report we will focus on the 22315 area.

 

Real Estate Activity in Kingstowne May 2017:
•Number of Sales: 60

•Highest Priced Sale: $832,800

•Lowest Priced Sale: $224,590

•Median Sale Price: $492,250

•Median Days on Market: 6

•Median

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The dining options in Kingstowne just keep getting better! The latest addition, Mission BBQ, located at 6482 Lansdowne Centre Dr, is a casual restaurant with great food and an even greater mission which is centered around patriotism and honoring our heroes which include our soldiers, firefighters, police officers, and first responders.  

Opening its first location on the 10-year anniversary of the 9/11 attacks, Mission BBQ’s founders believe strongly in giving back to the brave men and women that protect us, regularly donating to local first responders and organizations such as the Semper Fi Fund and Special Operations which provide employment and educational opportunities for military veterans and their families.

Mission BBQ appeals to a

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 Condo Sales in Alexandria, VA – Market Update May 2017

 

May 2017 Condo Sales in Alexandria

•Number of Sales: 218 (increase from 188 in April)

•Highest Priced Sale: $981,530

•Lowest Priced Sale: $105,000

•Median Sales Price: $280,500 (decrease from $285,509 in April)

•Median Days on Market: 11 (decrease from 13 in April)

•Median Sale to List Price Ratio: 98.07% (increase from 97.93% in April)

 

How Does May 2016 compare to May 2017?
Comparing the same time period last year gives us the opportunity to see whether or not the market has strengthened or weakened and gives us an idea of what direction prices are heading in. There were 10 more condos sold this May as compared to last year. The median sale price was higher last year

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Alexandria Real Estate Market Update – April 2017

The real estate market in Alexandria is showing no signs of slowing down. April was another strong month for sales and days on the market decreased again. Sellers continue to see high sale to list price ratios and a rising median sale price.

Let’s check in on the statistics and then review story behind them …

 

Real Estate Activity in Alexandria During April 2017

•Number of Sales: 477 (increase from 452 in March)

•Highest Priced Sale: $4,272,017

•Lowest Priced Sale: $87,000

•Median Sales Price: $462,000 (increase from $454,000 in March)

•Median Days on Market: 9 (decrease from 12 in March)

•Median Sale Price to List Price Ratio: 98.61% (increase from 98.21% in March)

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Kingstowne Real Estate – Market Update April 2017 

Kingstowne is located in Alexandria Virginia and known for its convenient location with easy access to major commuter routes, public transportation, and daily needs. Kingstowne is a planned community and home to over 5,300 residences. While Kingstowne itself is a community many locals know the area of Kingstowne as the 22315 zip code and some also consider 22310 a part of the area as it is situated right next to Kingstowne. For the purpose of this market report we will focus on the 22315 zip code.

 

Real Estate Activity in Kingstowne April 2017:
•Number of Sales: 30

•Highest Priced Sale: $795,000

•Lowest Priced Sale: $224,348

•Median Sale Price: $469,225

•Median Days on Market: 6

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Condo Sales in Alexandria, VA – Market Update April 2017

April 2017 Condo Sales in Alexandria

•Number of Sales: 188 (decrease from 170 in March)

•Highest Priced Sale: $4,272,017

•Lowest Priced Sale: $87,000

•Median Sales Price: $285,509 (decrease from $265,426 in March)

•Median Days on Market: 13 (no change from March)

•Median Sale to List Price Ratio: 97.93% (increase from 97.68% in March)

 

How Does April 2016 compare to April 2017?

Comparing the same time period last year gives us the opportunity to dig a bit deeper into the current market trends and what they mean. There were 9 more condos sold this April as compared to last year. The median sale price was higher this year by $27,134. Days on the market showed now change

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One of the newest and most highly anticipated additions to the Old Town food scene is Meggrolls. Owner Meghan Baroody has put a unique spin on the traditional egg roll and is quickly gaining fans with her tasty offerings.

Meggrolls offers classic, comfort-food flavors inside the crispy crust of an egg roll. Genius, right? We had the pleasure of tasting a few flavors and they are out of this world delicious! My personal favorite would have to be the Buffalo Chicken Wing roll which comes complete with a small stalk of celery atop the roll and your choice of ranch or bleu cheese. Other flavors you’ll find on the menu include Chicken Parm, Gyro, Chorizo Poblano, Four Cheese and Broccoli, and Burger. There’s also a variety of slaws to accompany your

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Hooray For Books is an independent children’s bookstore located on King Street in Alexandria. This charming bookstore will be celebrating their 9th year in business on June 10, 2017. We had the pleasure of sitting down with the owner Ellen Klein recently to learn more about this special store.

Hooray For Books is a staple to the Old Town community, they have free weekly story time on Friday and Saturday mornings, host authors regularly, host LOLA (love our local authors) festivals twice a year, arrange for authors to visit local schools at no charge to promote literacy, and have book clubs for children and adults. The bookstore also has ARC (advance reader copy) where kids are able to read books ahead of them being published. Ages 6 to high school can

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5 Ways To Stand Out In A Multiple Offer Situation

Many markets throughout the US are experiencing an extreme seller’s market – low inventory and multiple offers can be daunting for buyers. How can you make your offer stand out?

Contact The Listing Agent – when your agent contacts the listing agent ahead of time it helps build rapport, shows professionalism, and allows for conversation about what the seller(s) are looking for. Every seller is different and chances are the listing agent knows their desired closing timeframe, whether they need a rent back or to find a new home, and your agent may even learn a little bit about the seller in terms of their likes and dislikes. It can be all about the bottom line, finding someone who is going to maintain

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