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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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