Blog :: 11-2016

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.

Homes Sold In Kingstowne October 2016 Market Report

Kingstowne in Alexandria VA Market Report October 2016

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 October 2016:
•Number of Sales: 6 (decrease from 11 in September)

•Highest Priced Sale: $772,500

•Lowest Priced Sale: $542,500

•Median Sale Price: $650,500 (increase from $549,000)

•Median Days on Market: 20 (increase from 14)

•Median Sale Price to List Price Ratio: 97.67% (decrease from 98.31%)

Kingstowne experienced a slight decrease in the number of detached homes sold in October as compared to September. Median sale price saw an increase and days on the market increased by 6 but, continue to remain low. The homes sold in October ranged from 3-6 bedrooms, 2-3 full bathrooms and 1,496 – 2,936 square feet. There are currently 14 detached homes for sale in Kingstowne, a decrease of 4 as compared to September.

October 2015 vs. October 2016
Reviewing the same time period last year there were 12 single family homes sold. Median sale price was $481,344 and days on the market were 15. Sellers saw a median sale to list price ratio of 96.29% in October 2015.

Townhouse Sales in Kingstowne October 2016:
•Number of Sales: 30 (increase from 27 in September)

•Highest Priced Sale: $630,000

•Lowest Priced Sale: $302,000

•Median Sale Price: $475,000 (increase from $429,800)

•Median Days on Market: 23 (decrease from 27)

•Median Sale Price to List Price Ratio: 97.16% (increase from 96.48%)

Townhouse sales remained consistent from September through October, with an increase of three homes sold. Median sale price increased and days on the market decreased. The townhomes that sold in October ranged from 2-4 bedrooms, 1-3 full bathrooms, and 930 – 2,139 square feet. There are currently 28 townhomes for sale in Kingstowne, a decrease of 9 homes as compared to September.

October 2015 vs. October 2016
There were 18 townhomes sold in October 2015 and the median sale price was $451,500. Days on the market were lower in October 2015 coming in at 14. Sale to list price ratio remained consistent 98.40% in 2015 and 97.16% this year.

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.

Interested in what your Kingstowne home is worth in today’s market? Visit www.northernvalocalmarketvalues.com for a free no obligation estimate.

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    Alexandria Virginia Homes Sales October 2016

    Alexandria Virginia Home Sales - October 2016
    Alexandria home sales saw a decrease in the number of homes sold from September to October. Median sale price decreased and days on the market remained the same. A decrease in sales this time of year is very normal and something we typically see as the winter months approach.

    Let’s check in …

    The following is a review of activity in Alexandria during October 2016

    •Number of Sales: 356 (decrease from 432 in September)

    •Highest Priced Sale: $1,956,900

    •Lowest Priced Sale: $95,000

    •Median Sales Price: $447,500 (decrease from $463,470 in September)

    •Median Days on Market: 21 (no change from September)

    •Median Sale Price to List Price Ratio: 97.38% (decrease from 97.47% in September)


    Alexandria Home Sales October 2015 vs. October 2016
    In October 2015 there were 367 homes sold. The median sale price was higher this year by $3,500. The median sale to list price ratio remained consistent, 97.17% in 2015 vs. 97.38% in 2016. Median days on the market saw no change – 21 days for both October 2015 and 2016. Overall the market is seeing very similar trends this October as compared to last.


    Is It A Buyer's Market or a Seller's Market
    Although sales decreased from September to October the Alexandria real estate market remains a seller’s market with the absorption rate remaining at about 2.5 months. Homeowners considering selling have been curious if now is still a good time to sell. While sales are slower this time of year it is still a good time to list your home for sale. There are many buyers actively looking for their next home, some who didn’t find the right home over the summer and others who are just entering the market. Less active listings paired with serious buyers in the market makes today’s market a good time to sell. It’s important to remember that properly preparing your home for sale, pricing it correctly, and ensuring it’s easy for agents to show are all part of a successful sale. Selecting a local agent that can help you with each step of the sale who is experienced in your area is the key to achieving top dollar in the shortest time possible.

    If you’d like to learn more about the Alexandria real estate market contact us. We’d be happy to answer your questions. We have programs and systems in place to create accountability and guarantees for our service. Ask us about our Love It or Leave It guaranteed and our Guaranteed Sale Program.

    Browse homes for sale in Alexandria

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      Condos For Sale in Alexandria, VA Market Update October 2016

      Condos For Sale in Alexandria, VA - Market Update October 2016
      Condo sales in Alexandria saw a decrease in the number of sales from September to October. Median sales price increased and days on the market saw very little change.

      Let’s check in….

      October 2016 Condo Sales in Alexandria

      •Number of Sales: 121 (decrease from 169 in September)

      •Highest Priced Sale: $1,000,000

      •Lowest Priced Sale: $95,000

      •Median Sales Price: $278,000 (increase from $263,000 in September)

      •Median Days on Market: 28 (increase from 25 in September)

      •Median Sale to List Price Ratio: 96.67% (decrease from 97.03%)

      How Does October 2015 Compare To October 2016?
      There were 8 more condos sold this October as compared to last year. The median sale price was lower this October by $9,000. Days on the market saw no changed as compared to last year. The median sale to list price ratio also remained consistent 2015 – 96.63% vs. 2016– 96.67%.


      What Does This Mean For Condo Sales in Alexandria?
      The seasonal slowdown has started to make an impact on the number of condos sold in Alexandria however, median sale price and sale to list price ratio remain strong. The condo segment of the Alexandria market remains a seller’s market. There are currently 344 condos for sale in Alexandria. From an inventory standpoint the market is swayed towards sellers but, buyers should know that while the market isn’t inundated with inventory it’s not depleted to the point that bidding wars are happening regularly. Buyers can also continue to take advantage of low interest rates which increases buying power. Sellers, its good news that the condo market in Alexandria is a seller’s market but, that doesn’t reduce the importance of proper preparation before putting your condo on the market. Coming soon marketing, the right pricing, and making sure it’s easy for agents to show are all important factors to consider. You only get one chance to make a first impression and when it comes to getting the highest price in the shortest time possible the right first impression is imperative.

      If you would like more information on buying or selling a condo in Alexandria we welcome the opportunity to answer all your questions.

      Browse Alexandria Homes For Sale

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        Homes Sold in Alexandria Virginia September 2016

        Homes Sold in Alexandria Virginia – September 2016
        Alexandria home sales saw a decrease in the number of homes sold from August to September. Median sale price and days on the market decreased while sale to list price ratio remained almost unchanged.

        Let’s check in …

        The following is a review of activity in Alexandria during September 2016

        •Number of Sales: 432 (decrease from 499 in August)

        •Highest Priced Sale: $4,685,000

        •Lowest Priced Sale: $80,000

        •Median Sales Price: $463,470 (decrease from $483,495 in August)

        •Median Days on Market: 21 (decrease from 24 in August)

        •Median Sale Price to List Price Ratio: 97.47% (increase from 97.29% in August)

        Alexandria Home Sales September 2015 vs. September 2016
        The September market in Alexandria in 2016 was very similar to 2015 with the exception of median sale price which was lower this year. In September 2015 there were 427 homes sold. The median sale price was lower this year by slightly over $14,000. The median sale to list price ratio remained consistent, 97.15% in 2015 vs. 97.47% in 2016. Median days on the market saw very little change, 23 in September 2015 and 21 in September 2016.

        Alexandria Home Sales


        Is It A Buyer's Market or a Seller's Market?
        The Alexandria real estate market remains a seller’s market with the absorption rate remaining unchanged from August at just about 2 months. We continue to receiving inquiries from sellers who are interested in whether or not fall is a good time to sell their home. In our professional opinion fall is a great time to list. There are many buyers actively looking for their next home. Whether they’re new to the market or never found the right home over the summer, they’re looking daily for their next house. Competition from other sellers has decreased since the spring and summer markets which is always good when considering listing your home for sale now. Proper preparation before hitting the market remains imperative. Contact our team of listing specialists to setup a no obligation consultation. We have systems and a support staff in place to deliver a smooth and successful sale to each of our sellers.

        Buyers, there's good news for you as well. Interest rates remain low and while there's speculation they'll increase in the future you still have plenty of time to locate and close on the home of your dreams this year. While inventory isn't plentiful it's also not depleted which gives you the advantage of being able to have enough houses to choose from until you find the one you want to call HOME. Whether you're ready to start touring or not sure where to being we can help. Reach out to us to talk with one of our buyer specialists today and put our local expertise to work. Our Love It or Leave It Guarantee provides peace of mind that if you don't absolutely love your home within the first 12 months of living there we'll sell it for free and find you a new one!

        Browse homes for sale in Alexandria

        Alexandria Home Sales

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