Blog :: 10-2016

Amanda Davidson Real Estate Group is Northern Virgina's most trusted local, independent resource for real estate news and insight. Our team has its finger on the pulse of the real estate market in Alexandria and the surrounding counties. Here you'll find the latest market updates, local news, and tips for buyers and sellers.

Kingstowne in Alexandria Virginia Market Report September 2016

Kingstowne in Alexandria Virginia Market Report September 2016

Monthly sales comparison 2015 vs. 2016

*Data for zip code 22315

Single Family Home Sales in Kingstowne September 2016:
•Number of Sales: 11 (decrease from 12 in August)

•Highest Priced Sale: $756,000

•Lowest Priced Sale: $445,500

•Median Sale Price: $549,000 (increase from $524,150)

•Median Days on Market: 14 (decrease from 21)

•Median Sale Price to List Price Ratio: 98.31% (increase from 97.40%)

Kingstowne experienced a very slight decrease in the number of homes sold in September as compared to August. Median sale price saw an increase and days on the market decreased. Detached single family homes are still moving quickly and sellers are enjoying a strong sale to list price ratio. The homes sold in September ranged from 4-5 bedrooms, 2-4 full bathrooms and 1,610 – 2,854 square feet. There are currently 18 detached homes for sale in Kingstowne, no change in available inventory as compared to August.

September 2015 vs. September 2016
Reviewing the same time period last year there were 9 single family homes sold. Median sale price was $654,000 and days on the market were 19. Sellers saw a median sale to list price ratio of 98.31% in September of 2015.

Townhouse Sales in Kingstowne September 2016:
•Number of Sales: 27 (decrease from 32 in August)

•Highest Priced Sale: $563,000

•Lowest Priced Sale: $297,790

•Median Sale Price: $429,800 (decrease from $454,250)

•Median Days on Market: 27 (increase from 25)

•Median Sale Price to List Price Ratio: 96.48% (decrease from 97.90%)

The number of townhomes sold in Kingstowne in September saw a decrease as compared to August. Median sale price also saw a decrease and days on the market increased by 2. The townhomes that sold in August ranged from 2-4 bedrooms, 1-4 full bathrooms, and 930 – 2,259 square feet. There are currently 37 townhomes for sale in Kingstowne, which is a decrease of 22 homes from August. Inventory is currently low in the townhouse segment of Kingstowne, the lowest we have seen in 3 months.

September 2015 vs. September 2016
4 more homes sold this September than in 2015. Median sale price was higher last September by $7,700. Days on the market saw very little change, higher this year by 5 days. Sale to list price ratio remained consistent 98.27% in 2015 and 96.48% this year.

 

Buyers: Are you ready to start touring or just have questions on how to start your home search? We can help! We stand ready to assist and welcome the opportunity to learn more about your home buying goals.

Sellers: Working with a local agent who has a proven successful track record is essential for a smooth and successful sale. Contact us to have all of your questions answered or to setup a no obligation 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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    Halloween Home Decor 2016

    Halloween Home Decor 2016

    I appreciate the creativity that some people display at Halloween but sometimes you just want to keep it stylish and simple.

    I love Halloween but don’t always have the time to commit to a major decorating effort. The good thing is that it doesn’t take much effort or money to make a statement. If you’re like me, then you’ll love the simple yet chic finds below:

    Check out these Halloween pillows that while still festive are a little more sophisticated than the norm.



       

    These ball candles come in an array of colors and are stylish enough to use well after Halloween but they’ll definitely help you add that spooky glow to your space.

    This fun, hand crafted, bat wreath is perfect to adorn your door with. The glittered bats are just the right amount of eerie without being over the top.

    Halloween only comes around once a year, so make it a happy one; and let this garland remind you.

    Now it’s time to up the spook-factor a bit with this sinister looking Rocco Jack O Lantern. Made of iron with a rustic copper finish; you’ll have this lantern for years to come. Stick a pillar candle in it and it’s festive and functional for your space.

    These are nice enough to just have out on display but as the night winds down, don’t forget to treat yourself to a glass of whatever you want in these modern, hand blown glass flutes.

    Halloween just isn’t Halloween without a pumpkin on hand. This pumpkin sculpture ups the sophistication with a white base and black scroll detailing. Perfect in an entryway or table top.

    Lastly, add a little color and illumination with this globe strand of lights in that perfect Halloween hue. Great for indoor or outdoor use.

    Hopefully I gave you some good ideas for a simple yet sophisticated Halloween. All items listed above can be found at Wayfair.com or click on a photo to take you right to the product. Comment below to share any of your chic Halloween finds.

    Blog courtesy of JeMai Wright

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      Condo Sales in Alexandria, VA Market Update September 2016

      Condo Sales in Alexandria, VA – Market Update September 2016
      Condo sales in Alexandria saw a decrease in the number of sales from August to September. Median sales price also saw a decrease but, it was very minimal - $2,000. Days on the market were a little bit lower and sellers saw a slightly higher sale to list price.

      Let’s check in….

      September 2016 Condo Sales in Alexandria

      •Number of Sales: 169 (decrease from 185 in August)

      •Highest Priced Sale: $900,000

      •Lowest Priced Sale: $80,000

      •Median Sales Price: $263,000 (decrease from $265,000 in August)

      •Median Days on Market: 25 (decrease from 28 in August)

      •Median Sale to List Price Ratio: 97.03% (increase from 96.85%)

      How Does September 2015 compare to September 2016?
      There were 17 more condos sold this September as compared to last year. The median sale price was lower this September by $2,000. Days on the market remained consistent 27 in 2015 and 25 in 2016. The median sale to list price ratio also remained consistent 2015 – 96.40% vs. 2016– 97.03%.

      What Does This Mean For Condo Sales In Alexandria?
      The condo market in Alexandria remains a seller’s market but, it’s not as strong of a seller’s market as it was in August which is good news for buyers. The current market conditions are good for both buyers and sellers. While it’s still swayed towards sellers buyers are taking advantage of more inventory than we saw over the summer and favorable interest rates. Seller's, be mindful that while the market is swayed towards you, more inventory means more competition from other condos for sale. Condos that are going under contract quickly all have similar characteristics; they show well, are priced according to the market, and are easy for agents to schedule a tour for their buyers. From preparing your condo to go on the market to properly marketing it to the right buyers and negotiating you the best price and terms possible selecting the right agent is imperative for a successful sale.

      If you would like more information on Alexandria condos don’t hesitate to contact us with questions. We’d love to learn more about your real estate goals. We offer a Guaranteed Sale Program and a free no obligation strategy session.

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      Browse Alexandria Homes For Sale

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