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Homes Sold in Kingstowne August 2016 Market Report

Homes Sold in Kingstowne August 2016 Market Report
Real Estate market data provided by Amanda Davidson of Amanda Davidson Real Estate Group.
Monthly sales comparison 2015 vs. 2016
*Data for zip code 22315

Single Family Home Sales in Kingstowne August 2016:
•Number of Sales: 12 (increase from 8 in July)
•Highest Priced Sale: $930,000
•Lowest Priced Sale: $431,000
•Median Sale Price: $524,150 (decrease from $535,750)
•Median Days on Market: 21 (increase from 9)
•Median Sale Price to List Price Ratio: 97.40% (decrease from 98.50%)

Kingstowne experienced an increase in the number of detached homes sold in August as compared to July. Median sale price saw a decrease and days on the market increased but, overall remain low. Always an interesting segment of the market detached homes in Kingstowne are moving very quickly and the homes that are priced correctly and show well are going under contract in just a matter of a couple days. We often see a fluctuation in median sale price and in most cases it can be attributed to the small sample of data one month of sales yields. The Kingstowne real estate market is hyper-local and there are many different styles and sizes of detached homes in 22315. Because of that they sell at very different prices. All of the homes sold in August 2016 were regular sales. They ranged from 4-6 bedrooms, 2-5 full bathrooms and 1,144 – 5,016 square feet. There are currently 18 detached homes for sale in Kingstowne, an increase of one home as compared to available homes for sale in July.

August 2015 vs. August 2016
Reviewing the same time period last year there were 10 single family homes sold. Median sale price was $542,250 and days on the market were 26. Sellers saw a median sale to list price ratio of 96.93% in August of 2015.

Townhouse Sales in Kingstowne August 2016:
•Number of Sales: 32 (decrease from 53 in July)
•Highest Priced Sale: $624,000
•Lowest Priced Sale: $318,160
•Median Sale Price: $454,250 (increase from $441,414)
•Median Days on Market: 25 (increase from 11)
•Median Sale Price to List Price Ratio: 97.90% (decrease from 98.39%)

The number of townhomes sold in Kingstowne in August saw a decrease as compared to July. Median sale price saw an increase and days on the market also increased. It’s not uncommon to see longer says on the market in August. It’s a popular month for vacations before school starts back up and that can impact how long it takes to sell a home. The townhomes that sold in August ranged from 2-4 bedrooms, 1-3 full bathrooms, and 930 – 2,139 square feet. There are currently 59 townhomes for sale in Kingstowne, which is an increase of 5 homes as compared to July.

August 2015 vs. August 2016
There were 8 more townhomes sold last August than this year. Median sale price was higher this August by $24,255. Days on the market saw very little change, higher this year by 4 days. Sale to list price ratio remained consistent 97.85% in 2015 and 97.90% this year.

Buyers: Whether you just have questions or are ready to start touring homes we welcome the opportunity to work with you. We have programs and systems in place to ensure you secure your new home for the best price and best terms possible. Contact us today, we stand ready to assist!

Sellers: As we enter Fall it still remains a great time to list. Seeking a local agent with proven marketing is essential for a successful sale. We’d love to hear from you and learn more about your home. We offer a Guaranteed Sale Program and have successful track record selling homes in Alexandria. Contact us to have all of your questions answered or to setup an in home consultation today.

For a complete list of homes for sale in Kingstowne visit the link or contact us to have a custom listing alert setup to be notified when new homes enter the market.

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