Blog :: 03-2017

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.

What Sold In Kingstowne in February 2017?

What Sold In Kingstowne in February 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 February 2017:
•Number of Sales: 23

•Highest Priced Sale: $646,867

•Lowest Priced Sale: $250,000

•Median Sale Price: $449,000

•Median Days on Market: 6

•Median Sale Price to List Price Ratio: 98.96%

There are currently 45 homes for sale in Kingstowne. The residences range from a $225,000 one bedroom, one bath condo and go up to a $899,000 single family home with four bedrooms and four and a half baths.

For a complete list of homes for sale in Kingstowne visit the link above 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.

If you’re considering buying or selling in the Kingstowne area and have questions about the market or the area contact us. We look forward to helping you accomplish your real estate goals.

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    Kingstowne Pet Store Woof Gang Bakery & Grooming

    Woof Gang Bakery & Grooming is a one-stop shop to pamper your pup. They have an array of treats and goodies for dogs as well as toys, apparel, and even spa products for your pooch! They also have a variety of grooming services to keep your pet looking pristine! The Kingstowne location has been operating for about two years now and the staff couldn't be more helpful or knowledge when it comes to all your pet care needs. Check out their stellar reviews here on Yelp! Also, check out some pictures from our last visit in the video below:

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      Outdoor, Dog Friendly Dining in the Kingstowne Area

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        Condo Sales in Alexandria, VA Market Update February 2017

        Let’s start with the numbers and then go over the story behind them.

        February 2017 Condo Sales in Alexandria

        •Number of Sales: 111 (decrease from 122 in January)

        •Highest Priced Sale: $1,090,000

        •Lowest Priced Sale: $90,000

        •Median Sales Price: $263,784 (increase from $263,750 in January)

        •Median Days on Market: 22 (decrease from 29 in January)

        •Median Sale to List Price Ratio: 97.32% (increase from 96.97%)

        How Does February 2016 compare to February 2017?

        There were 31 more condos sold this February as compared to last year. The median sale price was higher this year by $35,534. Days on the market were lower this year by 21 and the median sale to list price ratio remained fairly consistent 2016 – 96.19% vs. 2017 – 97.32%. Reviewing the previous years sales shows how much the market has improved or gone done - in this case the market has only gotten stronger since February 2016.

        What Does This Mean For Condo Sales In Alexandria?

        Inventory or in the current market low inventory remains a big factor in Alexandria. There are currently 276 condos for sale, an increase from 255 at this time last month – this is good news. While it’s not a large influx of inventory there are a few more choices for buyers to consider at this time than there were last month. With that said, if you’re considering listing your home the market conditions are excellent for sellers right now. Despite the recent blast of cold weather the spring market is showing no signs of slowing down. Preparing your home for sale takes time and planning. Consult with an agent you trust now to start the process so that all of the details are in place to be ready to list. Pricing remains a key factor for a successful sale, rely on your agent to review market data with you and determine a price that represents the current fair market value for your home. Work with your agent to showcase all your home has to offer – it’s about creating an experience for buyers that allows them to see how wonderful it is to live in your home. They need to be able to connect on an emotional level and see themselves living there.

        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, are still extremely low as compared to what they have been in the past. Purchasing a condo now will enable you to lock in while they’re still low, rates are predicted to continue to rise but, what shouldn’t be the driving factor behind a home purchase. Buying is a big decision and one that requires careful thought and planning. If you decide now is the right time for you to purchase your next home you’ll want to work with a full time agent who has the availability to cater to your schedule and show homes quickly when they come on the market. Properties are moving quickly right now and waiting days to take a tour can mean you miss out on the opportunity to tour and/or make an offer. Enlist the expertise of an agent that has experience in competitive markets and who understands how to navigate 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. We look forward to helping you.

        Browse Alexandria Homes For Sale

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          Outdoor Dining in the Kingstowne Area

          Outdoor Dining in the Kingstowne Area
          Warm weather is just around the corner (we hope) and if you enjoy eating outside check out these local restaurants in the Kingstowne area that offer outdoor dining. Happy Spring!

           

          Boardwalk Fries 

          Burtons Grill

          Chilis

          Chipotle

          Dickeys BBQ

          Fionas Irish Pub

          Greene Turtle

          La Madeleine

          Ledo Pizza

          Mediterranean Gourmet Market  

          Mi Rico Peru

          Osteria Marzano

          Panda Express

          Panera Bread

          Paradiso

          The Pub by Wegmans

          Rice and Noodles Thai

          Top Golf

          Unos

          Walkers Grille

          Springfield Town Center 

          Chuys

          Maggianos

          Nando’s Peri Peri

          Yard House

          Zinburger

          &pizza

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            How To Prepare Your Alexandria Home For Sale on a Budget

            How To Prepare Your Alexandria Home For Sale on a Budget
            Preparing your Alexandria home for sale might feel like an overwhelming task but, it's important to take into consideration because homes that are properly prepared to go on the market typically sell for a higher price. Don’t let a small budget dissuade you from properly preparing your home for sale. There are a lot of ways you can make your home shine without breaking the bank. Watch this short video for tips to prepare your home for sale on a budget.

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