Home Buying Tips in Kingstowne VA

Kingstowne Home Sales August 2018 Market Update

Kingstowne Home Sales August 2018 Market Update

The number of homes sold in Kingstowne decreased by 4 from last month. Sellers are still seeing a strong sale to list price ratio and days on the market remain low. 
 


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

•Number of Sales: 52

•Highest Priced Sale: $811,450

•Lowest Priced Sale: $139,000

•Median Sales Price: $481,632

•Median Days on Market: 12

•Median Sale Price to List Price Ratio: 98.85%

 

 

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 continues to struggle to keep up with demand.

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Current Inventory In Kingstowne

There are currently 83 homes for sale in Kingstowne. An increase of 17 from this time last month but, it’s again 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, 10 of the current listings are in the community. Inventory is still low and it remains a seller’s market. Many homes are still selling in a matter of days but, for the second month in a row days on the market inched up. That does not mean they’re high though, 12 days on the market is still extremely low but, it tells us that homes that don’t show buyers their value from day one will sit longer on the market. The Kingstowne real estate market is strong and homes continue to move quickly but, only when they show well and are priced correctly. Buyers are savvy and they know it’s a seller’s market, in turn, they expect a turnkey ready product that shows them it’s worth its price. It continues to be an excellent time to list your Kingstowne home for sale. Proper preparation, pricing, and presentation are key components to a successful sale. Positioning your home to appeal to buyers both in its condition and value will help you attain top dollar in the shortest time possible. Partner with a local agent you trust that understands the ins and outs of the Kingstowne real estate market. The smallest details make the biggest impact when selling your 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 with an in-depth understanding of the Kingstowne real estate market. Delivering a seamless real estate experience with personalized service to our clients is always our focus.
 


Receive a free home value estimate within minutes. 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.

 

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Kingstowne Housing Market Update July 2018

 

 

 

 

Buying A Townhouse In Kingstowne

Buying A Townhouse In Kingstowne

When you’re buying a home deciding on where you want to buy is a big decision. Kingstowne is an area many buyers select because of its close proximity to Washington DC, public transportation, amenities and access to daily needs. If you’re thinking about buying a townhouse in Kingstowne there’s a lot to consider.

 

 

Kingstowne Townhome Features to Consider

As a starting point, you’ll want to think about how many bedrooms and baths you’re looking for but, that’s just the basics.
 


There are many other features to consider when purchasing a townhome.

End unit vs. interior unit

Garage vs. no garage - 1 car vs. 2 car garage

Assigned parking

Yard – fenced in vs. open, patio, grass

Deck

Two or three levels

Basement vs. no basement – finished basement vs. unfinished

 

 

What Is It Like To Live In Kingstowne?

There are many neighborhoods within the Kingstowne community to consider. They all have their own personalities. Every neighborhood in the Kingstowne community is a part of the Kingstowne Residential Owners Corporation. This means that if you decide to buy in one of the neighborhoods you’ll be agreeing to abide by the rules they have in place. When you’re purchasing a home within an HOA you’ll receive a resale packet with the covenants and bylaws. It’s important to thoroughly read through it and be sure you’re comfortable with the rules.

 

 

Kingstowne Amenities

Living in Kingstowne also comes with its perks in the form of access to amenities. Kingstowne is unique because it has over 1,200 acres of green space and the owners association has done a wonderful job of maintaining it. Other amenities include –

  • Aerobics Studio
  • Community Centers - 3
  • Fitness Centers - 2
  • Multi-Purpose Courts - 3
  • Ourdoor Pools - 2
  • Tennis Courts - 6
  • Tot Lots - 25
  • Volleyball Courts - 3
  • Walking Trails – 22 miles

 

Kingstowne Lake is a beautiful area to enjoy, read more about it and other things to do in Kingstowne.

 

 

Commuting From Kingstowne

Traffic in Northern Virginia is a challenge and many residents find Kingstowne’s proximity to the beltway appealing. It’s also within minutes to two metro stations, Franconia-Springfiend Metro and Van Dorn Metro. Many of the neighborhoods also offer commuter bus stops making it just a quick walk to get your commute started.

 

 

Shopping and Dining In Kingstowne

Access to daily needs, entertainment, and dining are within minutes of every house in Kingstowne. The Kingstowne Towne center is home to two grocery stores, over 25 dining options, retail, and Kingstowne 16 Movie Theater. Other shopping centers in the area include Festival At Manchester Lakes, Landsdowne Center, and Hilltop Village Center. Just a few minutes down Franconia Road is Springfield Town Center, home to Target and plentiful retail and dining options.

 

 

Schools In Kingstowne

Depending on where your home is in Kingstowne will determine where the kids attend school. There are two high schools in the area, Hayfield and Edison. With the exception of homes in the North Village high school aged children will attend Hayfield. Homes in the North Village tie to Edison High School. You can get more information about these schools at www.GreatSchools.org  – including test scores.

If you don’t have children something to consider when purchasing a townhome in Kingstowne is whether or not you want to live close to a school.

 

 

Whether you’re looking to buy a townhouse in Kingstowne or just have questions about the area reach out to Amanda Davidson, amanda@amandadavidson.com or 703-431-3755. I have lived, worked, and played in Kingstowne for over 10 years and truly love it here. I’m always happy to answer questions!

 

Already live in Kingstowne and want to get an idea of what your home is worth? Visit our free home value tool to receive an estimate within minutes.

 

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5 Questions to Ask Before Buying a Townhouse

Kingstowne VA Townhouses for Sale

If you want to own a home but are not sure if you can keep up with a spacious yard, then a townhouse might just be your best option. 

Just as you would with any other property, you need to consider certain things before you ultimately decide to buy a Kingstowne VA townhouse. Aside from the property’s architectural style, other factors that you need to carefully consider before sealing the deal are its neighborhood, crime statistics, tax rates and schools in the area, as well as its accessibility to public transportation.

Here are the specific questions to ask yourself before buying a townhouse: 

1.    How good is the quality of its walls?

Before purchasing a townhouse, it is important that you know the quality of materials used in building its walls, especially those that are shared with neighboring townhouses. In case of fire, does it have a firewall to prevent the smoke and fire from spreading? Do the walls meet current local fire safety codes?  Are they soundproof? 

Sometimes, a homeowner who has just purchased a townhouse without a firewall has to pay for fire safety modifications. Are you ready for such additional expenses? 

2.    Will you have enough privacy in the exterior spaces of your home?

Check if there are walls that separate the townhouses, or if the units have shared privacy screens. Of course, you wouldn’t want your neighbor to be staring directly at you from their rear deck, so make sure that the townhouse gives you enough privacy.

Houses for Sale in Kingstowne VA

3.    Is your townhouse physically separated from the other townhouses? 

Once you live in a townhouse, you will be partly responsible for exterior maintenance. If you don’t want to encounter maintenance headaches in the future, check if there are clear demarcations of the boundaries of your home—from the roof, the concrete curb, down to the driveway. 

4.    How much do you have to pay for common maintenance?

Townhouse owners living in most townhouse associations usually pay for maintenance of public amenities such as recreational parks, parking areas and even private roads. Before you decide to buy a townhouse, make sure that you know how much all of these will cost you. 

Note that unlike tenants, homeowners cannot withhold payment of such mandatory assessments. If you do that, your townhouse association can place a lien on your home and collect on that lien either with a financial judgment or the foreclosure of your property. 

5.    How much of the property is really yours?

If your townhouse is part of a condominium association, then the only part of the property that you own is the interior, which covers the interior walls and everything inside it. You do not own the exterior walls, the driveway and the yard. 

Most likely, you also have limited ownership of patios, decks, porches and other spaces outside your home. If you love decorating or modifying exterior spaces, it is important that you clarify how much of the property you really own before buying it.  
Buying a townhouse for sale in Kingstowne VA is a huge financial commitment, so you have to make it right. Most homeowners find a problem with their new home within the first couple of months of purchase. 

If you don’t want to eventually regret your decision to buy a townhouse, know the right questions to ask before you buy. Call Amanda Davidson at 703-431-3755 and she’ll be glad to assist you throughout the process.