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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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