Blog :: 02-2017

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.

Alexandria Virginia Home Sales Market Update January 2017

Alexandria Virginia Home Sales – Market Update January 2017

Looking at the market statistics for closed home sales in Alexandria for January 2017 doesn’t paint the full picture. Sales decreased as compared to December and median sale price also decreased. Days on the market remained about the same. Why doesn’t it paint the full picture? Two reasons – the market is an extreme seller’s market as I write this post and it really took off in late January/February so we will see the impact on that for February and March closed home sales. The second reason is that due to low inventory homes are closing that have been on the market for months and that in turn impacts the days on market.

Let’s check in on the statistics and then review story behind them …

The following is a review of activity in Alexandria during January 2017

•Number of Sales: 308 (decrease from 420 in December)

•Highest Priced Sale: $2,689,000

•Lowest Priced Sale: $107,500

•Median Sales Price: $414,250 (decrease from $434,450 in December)

•Median Days on Market: 30 (increase from 29 in December)

•Median Sale Price to List Price Ratio: 97.10% (increase from 96.87% in December)

Alexandria Home Sales January 2016 vs. January 2017
Comparing January 2016 to this year really shows how busy the market is this year. In January 2016 there were 241 homes sold in Alexandria and the median sale price was $406,000. Days on the market in 2016 came in at 39 and sellers saw 96.53%. Comparing the statistics for January 2017 to January 2016 display the seller’s market we are in and how strong the market is right now.

Is It A Buyer’s Market or a Seller’s Market?
Alexandria remains a seller’s market. There are currently 703 homes for sale in Alexandria. Inventory is low and demand is outpacing supply. If you’re considering selling now is an optimal time to list. In order to get the highest price possible for your home proper preparation remains imperative. You get one chance to make a first impression for your home and you want it to shine for potential buyers. Consult with a local agent who knows the market and can advise you through each step of your sale. From staging to pricing every details matters.

Buyers, inventory in Alexandria is low but, now is a good time to take advantage of interest rates while they are still very appealing. They have increased a bit but, remain at a historically low threshold. With the plans the Fed has to raise them again this year you can maximize your buying power by locating your new home now.

Not sure how to start your home search? Contact us! We offer a free, no obligation consultation for homebuyers to give you the opportunity to have your questions answered. If you’d like a copy of our Homebuyers Guide reach out to us and we’ll be happy to send you one.

We have programs and systems in place for our buyers and sellers to create accountability and guarantees for our service. Ask us about our Love It or Leave It and our Guaranteed Sale Programs. We look forward to helping you!

Find out how much your Alexandria home is worth.

Browse homes for sale in Alexandria.

See what our clients are saying about us.

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    House of Dynasty Chinese Restaurant

    Through a little research, we had the pleasure of discovering a great Chinese restaurant in Kingstowne that’s been in operation for the past 32 years! House of Dynasty located in the Hayfield Plaza Shopping Center at 7550 Telegraph Road Alexandria, VA 22315 has been serving the area tasty Chinese cuisine and impeccable service for decades.

    On our recent trip there, we enjoyed the Kung Pao Chicken and Pepper Steak entrees which were both equally delicious, and it certainly doesn’t hurt that their prices are great too! They have lunch specials that include a soup to start with, an entrée of choice, a side of steamed or fried rice, a crispy spring roll, plus warm tea to sip on while you wait!

    The décor in the restaurant is quaint and reminiscent of what you might think of when picturing a classic Chinese restaurant from yesteryear. The nostalgic atmosphere, attentive service, and delicious offerings make this restaurant a true gem for the Kingstowne area. If you are ever so inclined, please check out House of Dynasty and thank us later for the recommendation. With over 300 reviews resulting in a 4-star rating on Yelp, this place is a staple for Kingstowne and a new and favorable weapon in our arsenal of tasty dining options in the area!

    Kung Pao Chicken

    Pepper Steak

    Won Ton Soup

    Blog courtesy of JeMai Wright

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      What Sold In Kingstowne in January 2017?

      What Sold In Kingstowne in January 2017?

      Kingstowne is known for its convenient location with easy access to major commuter routes, public transportation, and daily needs. Kingstowne is a planned community and home to over 5,300 residences. While Kingstowne itself is a community many locals know the area of Kingstowne as the 22315 zip code and some also consider 22310 a part of the area as it is situated right next to Kingstowne. For the purpose of this market report we will focus on the 22315 area.

      Real Estate Activity in Kingstowne January 2017:
      •Number of Sales: 33

      •Highest Priced Sale: $620,000

      •Lowest Priced Sale: $275,000

      •Median Sale Price: $442,500

      •Median Days on Market: 31

      •Median Sale Price to List Price Ratio: 97.85%

      2016 vs. 2017 Comparison

      There are currently 27 homes for sale in Kingstowne. The residences range from a $229,000 one bedroom, one bath condo and go up to a $809,000 single family home with four bedrooms and three and a half baths.

      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.northervalocalmarketvalues.com for a free no obligation estimate.

      We are here to help, if you’re thinking about buying or selling and just have questions about the market or what guarantees we offer to our clients don’t hesitate to contact us.

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        Dining in Kingstowne Towne Center

        Dining in Kingstowne Towne Center

        Have you ever been starving and wondering where you should grab a bite to eat? Kingstowne Towne Center has plenty of options to choose from. 
         


        Check out all the different dining options in Kingstowne Towne Center:

        Asian
        East Moon Asian Bistro

        Four Season Chinese Café

        Pasara Thai Restaurant

        Osaka Japanese Steakhouse

         


        Casual
        Chipotle Mexican Restaurant

        Firehouse Subs

        Moby Dick's House of Kabob

        Noodles & Company

        Panera Bread
         

         

        Fast Food
        Burger King

        Dairy Queen

        KFC

        Subway

        Indian
        Aditi Indian Restaurant

         

         

        Pizza
        Domino's Pizza

        Ledo Pizza

        Papa Johns

        Restaurants
        Bonefish Grill

        Chicago Uno Pizzeria

        Fiona's Irish Pub

        La Madeleine

        Romano's Macaroni Grill

        Ruby Tuesday

        Top Golf Driving Range and Restaurant

         

         

        Specialty
        Robeks Fruit Smoothies

        Starbucks

        Sweet Frog

         

         

         

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          Alexandria Virginia Condo Sales Market Update January 2017

          Alexandria Virginia Condo Sales – Market Update January 2017
          Condo sales in Alexandria saw a decrease in the number of condos sold from December through January. Median sale price remained consistent changing by less than $5,000. Median days on the market and median sale to list price ratio also remained consistent.

          Let’s review the numbers…

          January 2017 Condo Sales in Alexandria

          •Number of Sales: 120 (decrease from 159 in December)

          •Highest Priced Sale: $1,019,000

          •Lowest Priced Sale: $107,500

          •Median Sales Price: $263,750 (decrease from $268,015 in December)

          •Median Days on Market: 29 (decrease from 31 in December)

          •Median Sale to List Price Ratio: 96.97% (increase from 95.77%)

          How Does January 2016 compare to January 2017?
          There were 40 more condos sold this year in January as compared to last year. The median sale price was higher this January by $35,500. Days on the market were lower this year by 19. The median sale to list price ratio remained consistent; 2016 – 96.19% vs. 2017 – 96.97%. It’s important to note that we experienced a blizzard dumping over two feet of snow on the area in January 2016; statistics were in turn impacted by the monster storm due to the inability to tour homes in addition to closings being delayed. Sales were still strong in January 2017 but, we wanted to point out that the difference in the amount of condos sold was impacted for the storm in 2016.

          What Does This Mean For Condo Sales In Alexandria?
          Inventory or a lack there of remains a big factor in the Alexandria condo market. There are currently 255 condos for sale, a decrease from 266 at this time last month. It is a prime time to list your Alexandria condo for sale. The spring market is starting early this year and the supply just isn’t keeping up with the demand. All of this being great news for sellers. Preparing your condo for sale, pricing it according to the market, and insuring it’s easy for agents to show to their buyers remain important factors for a successful sale. Hire an agent who has a proven successful track record who can guide you through each detail of your home sale.

          Find out the value of your Alexandria condo.

          If you want to buy a condo in Alexandria it’s not all bad news for you. Interest rates are increasing but, there is still time to lock in while they remain historically low. With low supply comes the necessity to work with an agent who has full time availability to show homes at times that work well for you. Condos are moving quickly and delaying on a tour could mean the property is already under contract. Seek an agent that has experience in competitive markets and who understands facing multiple offer situations.

          If you would like more information on buying or selling a condo in Alexandria or just have questions about the market reach out to us for answers.

          Browse Alexandria Homes For Sale

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            Myron Mixon's Pitmaster Barbeque

            Attention all local foodies and barbeque enthusiasts alike, some new star power has made its way to our area! Myron Mixon, “the winningest man in BBQ”, just opened a new restaurant in Old Town, Alexandria. Upon learning this, we were literally overjoyed by the chance to try some serious competition level barbecue and meet Myron in person!

            We were lucky enough to attend his Whole Hog Grand Opening event and Myron -being a famous TV barbecue judge and author- did not disappoint one bit! Not only does his barbecue melt in your mouth and taste amazing but Myron is so personable and down-to-earth, you’d feel as if you’ve known him forever.

            The menu includes all the traditional BBQ favorites such as pulled pork, brisket, ribs and BBQ chicken, as well as classic southern side dishes that everyone loves; including mac-n-cheese, baked beans, and collard greens!

            The next time you’re in Old Town, do yourself a favor and stop by Myron Mixon’s Pitmaster Barbeque and tell them the Amanda Davidson Real Estate Group sent you.

            Warning: the images below may cause severe hunger and/or salivation…you’ve been warned!

             Blog courtesy of JeMai Wright

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              Kingstowne Florist Christopher's Flowers

              With Valentines’ Day right around the corner, you might be thinking of what to get your sweetheart? Of all the many things you could buy to let your special someone know you care, flowers are pretty much a no-brainer.

              As part of our commitment to the community we serve, we love to lend useful info, so we sought out a local establishment that we could recommend for Valentine’s Day flowers. Throughout our search, we had the good fortune of coming across a quaint family business that’s been serving the community for decades. We got the pleasure to meet and chat with the owner about her business and experience her beautiful custom floral arrangements, first hand.

              Maria of Christopher’s Flowers has been operating in the Kingstowne, Virginia area for nearly 32 years! It doesn’t take long talking to Maria to know that she’s truly passionate about her work and prides herself on providing outstanding service to her faithful customers. Christopher’s offers delivery to the greater Alexandria area, as well as Fort Belvoir, Lorton, Fairfax, and even the National Harbor in Maryland. Whether it be a special holiday like Valentine’s or Mother’s Day, wedding arrangements, or even a ‘just because’ arrangement, Christopher’s is the place to go for the most beautiful flowers in town. They have a wide assortment of flowers in a variety of price points. You can call Maria to find out about all their Valentine’s Day specials! We can assure you that whoever is on the receiving end of one of Maria’s arrangements, will greatly appreciate it!

              Blog courtesy of JeMai Wright

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