Real Estate market data provided by Amanda Davidson of Amanda Davidson Real Estate Group. *Data for zip code 22315.
Single Family Home Sales in Kingstowne April 2016:
- Number of Sales: 15 (increase from 8 in March)
- Highest Priced Sale: $785,000
- Lowest Priced Sale: $355,000
- Median Sale Price: $515,000 (decrease from $527,000)
- Median Days on Market: 6 (decrease from 15)
- Median Sale Price to List Price Ratio: 97.17% (increase from 95.58%)
The number of detached homes sold in Kingstowne increased from March to April. Median sale price decreased but, the decrease is attributed to a short sale that closed well below market value. Detached homes in Kingstowne are moving very quickly, with median days on the market coming in at just 6. Sellers are enjoying a high sale to list price ratio on top of extremely low days on the market. Buyers need to be prepared to act quickly in this segment of the market as inventory is very low, and multiple offers are a regular occurrence right now. Currently, there are 17 detached homes for sale in Kingstowne.
April 2015 vs. April 2016
Reviewing the same time period last year, there were 4 single family homes sold. Median sale price was substantially higher in 2015 coming in at $575,725. Days on the market were much lower this year – 53 in 2015 compared to 6 this year.
Townhouse Sales in Kingstowne April 2016:
- Number of Sales: 32 (increase from 23 in March)
- Highest Priced Sale: $565,000
- Lowest Priced Sale: $252,014
- Median Sale Price: $417,000 (decrease from $467,000)
- Median Days on Market: 26 (decrease from 23)
- Median Sale Price to List Price Ratio: 96.39% (decrease from 97.94%)
The number of townhomes sold in Kingstowne increased from March to April. Sellers are still seeing a strong sale to list price ratio but, in order to achieve top dollar, it's imperative the home is properly prepared for sale. Presentation and professional marketing are key to a successful sale. There are currently 59 townhomes for sale in Kingstowne; inventory has increased since March and that's good news for buyers. It remains a seller's market but, having more homes to choose from and low interest rates also makes it a great time to buy in Kingstowne.
April 2015 vs. April 2016
The number of townhomes sold saw no change when comparing April 2015 and April 2016. Median sale price saw a big decrease as compared to last year, down by $33,880. Days on the market were also lower last April coming in at just 6. Sale to list price ratio was 98.66% in 2015 and this year is 96.39%.
Contact me today to find out how to start your home search or for more information on homes available for sale in Kingstowne. Let's team up and find your new home for the best price and best terms possible.
It remains a great time to list your Kingstowne home for sale. Contact me for a free market analysis. My marketing has a proven successful track record, I'm a great listener, and welcome the opportunity to learn more about your home and help you achieve a successful sale.