Condos For Sale in Kingstowne VA

Kingstowne Home Sales September 2018 Market Update

Kingstowne Home Sales September 2018 Market Update

The number of homes sold in Kingstowne saw a large decrease as compared to last month but, available inventory has also decreased. The median sale to list price ratio remained consistent and days on the market decreased.
 


Let’s check in on what happened in the Kingstowne market during September 2018.

•Number of Sales: 33

•Highest Priced Sale: $783,500

•Lowest Priced Sale: $223,100

•Median Sales Price: $476,500

•Median Days on Market: 8

•Median Sale Price to List Price Ratio: 98.30%
 

Is It A Buyer’s Or A Seller’s Market?
It is still a seller’s market in Kingstowne. Supply is not keeping up with demand, a trend we’ve witnessed throughout 2018.

View homes for sale in Kingstowne

 

 

Current Inventory In Kingstowne
There are currently 69 homes for sale in Kingstowne. 
A decrease of 14 from this time last month. It’s again important to point out that the Crest Of Alexandria a 55+ active adult community has added new construction listings (7 at this time) making resale inventory even lower than the total active inventory. It goes without saying inventory remains low. A median of 8 days on the market is very telling that buyers are acting quickly. Buyers are however looking for value, sellers who overprice their homes are not seeing offers, their homes are sitting and becoming stale inventory. On the flip side, homes that are priced according to the market, have a reasonable amount of updates, and show well are moving quickly and multiple offers are still occurring. Positioning your home to appeal to buyers in the current market takes the right preparation and a custom marketing plan to showcase all it has to offer. The smallest details make the biggest impact when selling your home.

 

 

If you’d like to know more about the Kingstowne market or just have questions reach out to us and let’s connect! We are a small boutique brokerage with an in-depth understanding of the Kingstowne real estate market. I not only work in Kingstowne, but I also live here too and I love the community.
 


Receive a free home value estimate within minutes by visiting www.northernvalocalmarketvalues.com. Our home value tool is just a guide if you are looking for a precise analysis of the current value of your home nothing replaces the expertise of a local agent with years of experience selling homes. Reach out to us for a free consultation.

 

See homes for sale in Kingstowne

 

Kingstowne Housing Market Update August 2018

 

 

Condos In Kingstowne | Market Update August 2018

Condos In Kingstowne | Market Update August 2018

Kingstowne is a planned community of over 5,300 homes but, because many locals consider 22315 the Kingstowne area that’s what we will be focusing on for the parameters of this market report.
 


August 2018 Condo Sales in Kingstowne

•Number of Sales: 7

•Highest Priced Sale: $343,900

•Lowest Priced Sale: $193,000

•Median Sales Price: $299,000

•Median Days on Market: 6

•Median Sale to List Price Ratio: 99.69%

The condos that sold were located in Chancery of Kingstowne, Carrdinal Place, Eton Square, Stratford Place.
 


How Does August 2017 Compare to August 2018?

12 condos sold in August 2017 with a median sale price of $288,450. Days on the market were higher, coming in at 11 and the median sale to list price ratio was 98.63%. Lack of inventory plays a factor in fewer condos being sold this year. The median sale price is an indicator of what the market has been experiencing this year with a healthy increase of 3.6%.
 


Kingstowne Condo Inventory

There are currently 15 condos for sale in Kingstowne. They range from a 1 bedroom, 1 bath with 742 square feet priced at $233,750 up to a 2 bedroom, 2 bath with 1,314 square feet priced at $354,997. There are also new construction condos for sale at The Crest Of Alexandria, a 55+ community located off Telegraph Road. Only a few condos remain and a late fall delivery is expected.

The inventory for Kingstowne condos remains low. Kingstowne as a whole is experiencing low inventory, you can read more about it in our neighborhood market update for August 2018. Condos that are properly priced, have a reasonable amount of updates, and show well are moving quickly. At the same time, even though inventory is low buyers are spotting an overpriced property quickly. If you are considering selling your Kingstowne condo do not try to chase the market and overprice it. Buyers just aren’t going for properties that are even remotely overpriced. As a seller, if your condo is priced correctly the market will react in your favor. When your options are creating demand for your property vs. becoming stale bread always opt to have demand!
 


If you’re looking to buy a condo in Kingstowne it’s important to understand that inventory remains low. When a new listing comes on the market if it shows well and is priced correctly it’s going to move quickly. It’s very likely that it will sell quickly and go for at or even above list price. Don’t delay in making an offer and rely on your agent for advice on how to negotiate and make your offer stand out to the seller. Each neighborhood within Kingstowne experiences different market conditions and its imperative to understand them before you decide on the terms of your offer.
 


To receive a free estimate on what your Kingstowne condo is worth in the current market visit our free home value tool.

If you’re buying or selling a condo in Kingstowne and would like to work with an experienced agent reach out to us and let’s talk! We’re always happy to answer questions.
 

See condos for sale in Kingstowne

 

 

Condos For Sale In Eton Square Alexandria Virginia | September 2018 Market Update

Condos For Sale In Eton Square Alexandria Virginia | September 2018 Market Update

Eton Square is located in the Kingstowne area of Alexandria. The garden-style condos have a brick and siding exterior with attractive archways. The generous amount of windows in the condos provide for wonderful natural light to fill each room. There are no elevators in Eton Square. Residents enjoy use of tennis courts, an outdoor pool, tot lots, and a fitness center.

 

 

View condos for sale in Eton Square

 

What’s Nearby Eton Square?
The neighborhood is conveniently located off South Van Dorn Street and Kingstowne Village Parkway. Living in Eton Square provides walkability to Kingstowne Towne Center. The center is home to two grocery stores, Kingstowne 16 Movie Theatre, Pasara Thai, East Moon Bistro. Bonefish Grill, Osaka, Home Goods, TJ Maxx, Cava and many other dining and retail locations. Commuting from Eton Square is also convenient – the neighborhood is within minutes of 495, 395, 95, and Fairfax County Parkway. There are two metro stations nearby, Van Dorn and Franconia-Springfield. Hilltop Village Center and Springfield Town Center are less than five minutes away both with plentiful options for shopping, dining, and entertainment. Whether it’s daily needs, entertainment, or commuting Eton Square puts you within minutes of all of them.

 

 

What Schools Will The Kids Attend?

Eton Square is located on either side of Kingstowne Village Blvd. Depending on which side you live on will determine which school children will attend. Schools associated with the neighborhood are Franconia Elementary, Hayfield Elementary, Hayfield Secondary, Twain Middle, and Edison High Schools. You can visit the Fairfax County school boundary locator to determine which schools are associated with an address in Eton Square. Visit GreatSchools for more information about these schools.
 

Eton Square Real Estate Market

The following is a review of activity in Eton Square since January 2018.

•Number of Sales: 17

•Highest Priced Sale: $315,000

•Lowest Priced Sale: $193,000

•Median Sales Price: $285,000

•Median Days on Market: 19

•Average Sales Price to List Price Ratio: 98.89%
 


Eton Square Market Update January 1, 2017 – December 31, 2017

•Number of Sales: 33

•Highest Priced Sale: $374,500

•Lowest Priced Sale: $207,000

•Median Sales Price: $275,000

•Median Days on Market: 15

•Average Sales Price to List Price Ratio: 97.65%
 

Current Inventory for Eton Square in Alexandria, Virginia as of September 16, 2018

•Active Listings: 5

•Lowest Priced Listing: $279,900

•Highest Priced Listing: $319,900

 


Inventory constantly changes, check back often for new listings or reach out to us to have a customized listing alert created. You’ll be notified of new listings right away and won’t miss out on any properties.

If you are considering selling your Eton Square condo and would like to receive a free estimate of its value in the current market visit our home value tool. This is just an estimate and doesn’t replace a precise market analysis. Reach out to us if you’d like to set up an in-home consultation to discuss your selling goals and receive a current market analysis on your condo.

 

Condos For Sale In Eton Square

 

 

Condos For Sale In Alexandria | Market Update July 2018

Condos For Sale In Alexandria | Market Update July 2018

 

 

July 2018 Condo Sales in Alexandria

•Number of Sales: 200 (decrease from 212 in June)

•Highest Priced Sale: $1,998,500

•Lowest Priced Sale: $97,000

•Median Sales Price: $280,975 (increase from $272,543 in June)

•Median Days on Market: 16 (increase from 14 in June)

•Median Sale to List Price Ratio: 97.87% (decrease from 97.88% in June)
 


How Does July 2017 Compare to July 2018?
199 condos sold in June 2017 with a median sale price of $285,000. Days on the market saw no change and the median sale to list price ratio remained consistent, 98.02% in 2017.

 


Current Condo Inventory in Alexandria
There are 294 condos for sale in Alexandria, the second month in a row that inventory has slightly decreased. The market has slowed since spring but, it remains a seller’s market. There seems to be an ongoing buzz about the market slowing and that translating to it crashing. That’s just not the case. The demand that occurred in the spring was not something that could or even should be sustained. Real estate ebbs and flows and this is typically a time of year where it slows as compared to spring. Buyers are still buying and inventory is still low but, sellers do need to be aware that it’s not the feeding frenzy we saw in the spring. Buyers are looking for value and sellers who overprice their homes are going to sit on the market. Buyers are quick to spot an overpriced home and the market will react. Think like a buyer when you’re preparing your home for the market. Homes that sell quickly have similar characteristics; they show well, are reasonably updated, and are priced according to the market.

 


If you’re buying a home the current market you still need to be prepared to act quickly. Median days on the market of 16 is very low. If a property comes on the market that shows well and is priced correctly it’s still very likely you won’t be the only interested buyer. Being pre-approved and able to make an offer promptly remains important. Sellers still aren’t having to negotiate with buyers by much, that, of course, doesn’t apply to every property but, with an almost 98% sale to list price ratio it’s clear many sellers are getting very close to, if not full list price.  
 


If you’re a seller in Alexandria working with an agent that conducts pre-marketing activities is a great way to have buyers waiting to take a tour before your home officially goes active. The more interested parties, the higher the demand. Pricing will always be imperative, regardless of the current market conditions. Do not be the home that’s overpriced and sits on the market turning into what we like to call stale bread. No one pays top dollar for stale bread! The details of preparing your home for sale, properly pricing it, and launching the right marketing plan will take you from listed to sold in the shortest time possible for the highest sale price possible.
 


To receive a free estimate on what your condo is worth in the current market visit our free home value tool.

 

If you’re buying or selling a condo in Alexandria and have questions reach out to us and let’s connect. We’re always happy to help!

 

Browse Alexandria Homes For Sale

Condo Market Update June 2018

Condos For Sale In The Chancery Of Kingstowne Neighborhood In Alexandria Virginia

Condos For Sale In The Chancery Of Kingstowne Neighborhood In Alexandria Virginia

What’s The Neighborhood Like?

Chancery of Kingstowne is a condo community located in Alexandria off of South Van Dorn Street. Constructed between 1995 and 1998 the neighborhood consists of 170 condos in 13 buildings. The floorplans range from 1-2 levels and 2-3 bedrooms. All of the residences have 2 full baths and a patio or balcony. Square footage in Chancery of Kingstowne ranges from 1,170 to 1,505 and all buildings are secure access.
 


Looking For A Condo In Chancery Of Kingstowne?
Interested in finding condos for sale in the Chancery Of Kingstowne 
neighborhood of Alexandria VA? Click that link to find condos currently available in the neighborhood.
 


Why Do People Live Here?
The lake is a big draw at Chancery Of Kingstowne. Some of the condos feature gorgeous views of the lake from private balconies. Residents also enjoy use of all the Kingstowne amenities; outdoor pools, tennis courts, tot lots, fitness center, and professionally landscaped common areas. The neighborhood is just a short walk to the pool and there’s a tot lot located right in the community.
 


What’s Going On Nearby Chancery of Kingstowne?
The 
neighborhood is within walking distance to Kingstowne Towne Center where you’ll find grocery stores, Kingstowne 16 Movie Theater, Bonefish Grill, Panera, World Market, HomeGoods, Macaroni Grill, Pasara Thai, and many other retail and dining options. Springfield Town Center is within minutes of the neighborhood and features retail, dining, and entertainment options. Commuters will find two metro stations nearby, Van Dorn and Franconia-Springfield both of which are the blue line. Access to 495, 95, 395, and Fairfax County Parkway is also very convenient from the neighborhood. Fort Belvoir, the Pentagon, Fort Myer, and the US Coast Guard on Telegraph Road are all easily accessible from Chancery of Kingstowne.
 


What Schools Will The Kids Attend?
Children living in Chancery of Kingstowne will attend Franconia Elementary, Twain Middle, and Edison High Schools. To see more information about these schools including test scores please visit GreatSchools.
 


Chancery of Kingstowne Real Estate Market

Review of activity in Chancery of Kingstowne since January 2018.

•Number of Sales: 6

•Highest Priced Sale: $350,000

•Lowest Priced Sale: $312,000

•Median Sales Price: $320,250

•Median Days on Market: 8

•Median Sale Price to List Price Ratio: 99.71%
 


Now You Really Want to Find a Home Here, Right?
If you are interested in the current homes for sale in the Chancery Of Kingstowne
neighborhood of Alexandria VA click on the link. Our property information is a direct feed from the Bright MLS and is updated multiple times per day.

 



Just have questions about the neighborhood? Reach out to us, we’re always happy to help!

 

Kingstowne Home Sales July 2018 Market Update

Kingstowne Home Sales July 2018 Market Update

The housing market in Kingstowne continues to see strong sales. Days on the market inched up just a bit but, remain extremely low. Median sale price decreased as compared to last month but, as compared to last year is up by over $20,000. 
 


Let’s check in on what happened in the Kingstowne market during July 2018.

•Number of Sales: 56

•Highest Priced Sale: $865,000

•Lowest Priced Sale: $300,000

•Median Sales Price: $483,150

•Median Days on Market: 9

•Median Sale Price to List Price Ratio: 98.69%

 

Is It A Buyer’s Or A Seller’s Market?
It is still a seller’s market in Kingstowne. Throughout 2018 it has remained a seller’s market. Supply in Kingstowne is not keeping up with demand.

View homes for sale in Kingstowne.

Current Inventory In Kingstowne

There are currently 66 homes for sale in Kingstowne. An increase from this time last month by 7 but, important to point out that the Crest Of Alexandria a 55+ active adult community has added new construction listings and they account for part of the increase. Overall inventory levels saw very little change month over month. The Kingstowne real estate market is strong and homes continue to move quickly but, only when they show well and are priced correctly. By priced correctly we mean according to the market. Even though it’s a seller’s market overpricing a home is a big mistake that will cause it to sit and become stale inventory. Buyers are savvy and looking for a turnkey product. There’s no doubt it’s a great time to sell your Kingstowne home but, what if you’re looking to buy in Kingstowne? While inventory is low that doesn’t mean its non-existent. Having the right strategy and understanding that sellers are in the driver’s seat will prepare you to be successful. With interest rates slowly rising waiting to buy will cost you more. Interest rates are by no means high, they’re still historically low but, they are higher than they were, for example, this time last year. If prices continue to rise waiting will cost you more in the form of a higher sale price as well. While there are always exceptions, in general, this market is not conducive to much if any negotiation. Often times it takes offering above list price to be successful. Work with your agent to make your offer as appealing to the sellers as possible from minimal contingencies to a flexible closing date there are lots of ways to stand out to a seller and secure your dream home.
 


If you’d like to know more about the Kingstowne real estate market or have questions about buying or selling reach out to us. We are a small boutique brokerage focused on personalized service and always happy to help.
 


Find out the value of your Kingstowne home here – free estimate. Our home value tool is just a guide if you are looking for an accurate analysis of the current value of your home nothing replaces the expertise of a local agent with years of experience selling homes.
 


Kingstowne Home Sales June 2018 Market Update

5 Things To Do In Kingstowne

 

 

 

Chancery Of Kingstowne Condo Sold

Chancery Of Kingstowne Condo Sold

6577 Grange Lane #403 Alexandria, Virginia 22315
 


This gorgeous condo on the Kingstowne Lake sold pre-MLS. A huge thank you to Kara MacDonald with Pruitt Title for connecting me with the buyer’s agent. This sale wouldn’t have happened off-market without you! Alyssa Blevins with eVenture Real Estate represented the buyer and was an absolute pleasure to work with. I am thrilled for my seller, it’s always extra special when you get the opportunity to help one of your best friends with their real estate goals.
 


This two level top floor condo offers views of the lake from two balconies. Featuring an open floor plan with vaulted ceilings, filled with natural light coming in from the skylights. The spacious loft overlooking the living room offers extra storage and access to the washer and dryer.
 


Two bedrooms, two full baths, hardwood floors, and over 1,450 square feet of living space. Master suite with walk-in closet, dual vanities, soaking tub, and separate shower. The guest bedroom has an attached dual entry bathroom, built-in's, and access to the balcony overlooking the lake.
 


Located in the Chancery of Kingstowne neighborhood, walking distance to Kingstowne Towne Center with shopping, dining, and entertainment. Minutes to major commuter routes, metro, and the airport. Two parking passes, secure entry building, and access to all of Kingstowne's amenities. 
 

 

If you’re considering buying or selling in the Chancery Of Kingstowne neighborhood reach out to us. We’re passionate about service and always happy to answer questions.

 

 

5 Strategies to Keep in Mind When Selling a Condo in Kingstowne VA

 

Homes for Sale in Kingstowne VA

 

This year is a great year for condo owners to sell their homes. Although home prices across the United States have seen a consistent rise in recent years, more and more buyers who want to downsize their homes still rush to buy homes for sale in Kingstowne VA because they want to take advantage of low mortgage rates.

 

If you are a condo owner and are thinking about selling your condo, this may be the best time to do so. However, selling a condo is not exactly the same as selling other types of homes so you need to take a lot of factors into consideration before making any decision.

 

Here are five important things you should keep in mind when selling your condo:

 

Know the DOM range for condos similar to yours

One of the first things you should do before deciding to sell your home is to look for condos for sale in Kingstowne VA that are comparable to yours in terms of unit type, floor location and square footage. Listings usually indicate the DOM (days-on-market) of properties, which refers to the number of days it takes for a property to find a buyer. By considering the DOM of homes similar to yours, you will be able to determine a reasonable timeframe for your condo to sell. 

 

Know everything about your condo

 

Condos for Sale in Kingstowne VA

 

If you want to sell your condo fast, you must be prepared to answer all the questions your potential buyers might ask. You may also need to review the HOA (homeowner association) rules to determine which parts of your unit you need to work on. HOA rules help you know which flaws fall within acceptable standards or need some improvements.

 

Decide which repairs or improvements are worthwhile

Since renovations involve money, you have to determine which improvements are worthwhile and which are not. Of course, you need to prepare your home before officially listing it, but you can’t just do a total makeover without giving it some thought. 

 

Try to reduce listing costs

While there are plenty of ways you can save on listing costs when selling a home, never skip the standard commission of a real estate agent. Having an agent to represent you in your transactions will make it much easier for you to find potential buyers for your property. Some of the ways you can reduce listing costs while working with an agent include staging your home yourself and hiring a contractor that can do repairs at a much lower rate. 

 

Reviewing the clauses in your buyer’s first offer

One of the most exciting things sellers look forward to when selling a home is receiving their first offer. Although receiving an initial offer for your property can be truly exciting, don’t get carried away immediately. Screen the clauses of the offer, especially the timeframe for the buyer’s obligations, closing adjustments and other addendums. 

 

Are you planning to sell your home in Kingstowne VA? Then contact me today at 703-431-3755 and I’ll help you get started! I am Amanda Davidson, Kingstowne’s top REALTOR!

 

In case you can not view this video here, please click the link below to view 5 Strategies to Keep in Mind When Selling a Condo in Kingstowne VA on my YouTube channel: https://www.youtube.com/watch?v=MCqK5f8g8PM&feature=youtu.be.