Blog :: 04-2017

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.

Kingstowne Real Estate Market Update March 2017

Kingstowne Real Estate – Market Update March 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 March 2017:
•Number of Sales: 43

•Highest Priced Sale: $745,000

•Lowest Priced Sale: $265,951

•Median Sale Price: $460,000

•Median Days on Market: 9

•Median Sale Price to List Price Ratio: 98.68%

There are currently 48 homes for sale in Kingstowne. The homes range from a $220,000 one bedroom, one bath condo and go up to a $849,000 single family home with four bedrooms and four and a half baths. Inventory remains low and sellers are seeing a very strong sale to list price ratio.

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.

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!

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    Mexican Dining Near Kingstowne El Paso Mexican Restaurant

    El Paso Mexican Restaurant is one of those gems you feel lucky to have found. You can’t help but be happy initially walking into a place like El Paso because of the bright, colorful, and festive interior.

    They really celebrate the Mexican culture here from the lively décor, to the delicious cuisine!

    El Paso serves traditional Mexican offerings such as tacos, fajitas, burritos, enchiladas, quesadillas, and much more. They have lunch specials until 4:30pm daily and they also serve a weekend brunch from 11:00am -3:00pm.

    If your mouth isn’t watering yet, they also have delicious desserts such as flan and churros and a variety of drinks including beer, wine, and of course margaritas!

    If you haven’t figured out your plans for Cinco de Mayo 2017 yet, this might be the way to go…

    Check out some of the yummy dishes we had on our last visit below:

    Blog courtesy of JeMai Wright

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      Condo Sales in Alexandria, VA Market Update March 2017

      Condo Sales in Alexandria, VA – Market Update March 2017

      March 2017 Condo Sales in Alexandria

      •Number of Sales: 170 (decrease from 111 in February)

      •Highest Priced Sale: $900,000

      •Lowest Priced Sale: $95,000

      •Median Sales Price: $265,426 (increase from $263,784 in February)

      •Median Days on Market: 13 (decrease from 22 in February)

      •Median Sale to List Price Ratio: 97.68% (increase from 96.32%)

      How Does March 2016 compare to March 2017?

      Comparing the same time period last year gives us the opportunity to see if the market has improved or declined – March 2017 shows the market has improved from where it was in 2016. There were 16 more condos sold this March as compared to last year. The median sale price was higher this year by $15,376. Days on the market were lower this year by 15 days and the median sale to list price ratio was slightly stronger 2016 – 96.71% vs. 2017 – 97.68%.

      What Does This Mean For Condo Sales In Alexandria?

      There are currently 296 condos for sale, an increase from 276 at this time last month. While inventory supply still remains low seeing a few more condos enter the market is good news for buyers. With that said, the Alexandria condo market continues to experience a seller’s market. If you’ve been contemplating listing your condo for sale it remains an excellent time to do so. Preparing your home for sale takes time and planning for proper execution. Consult with an agent in advance 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 important to be prepared. By that we mean have your pre-approval or better yet, a TBD pre-approval (contact us and we can explain the difference). Buying is a big decision and one that comes with a lot of questions. We are always happy to answer questions and welcome the opportunity to help. 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. The current market conditions make it imperative see homes as they become available because they are going under contract quickly. Enlist the expertise of an agent that has experience in competitive markets and who understands how to navigate multiple offer situations.

      Browse Alexandria Homes For Sale

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        Spring Break Activities For Kids In Kingstowne

        With Spring Break upon us, the kids will surely be looking to make the most of their time off.  Here are a few options that not only will keep the kids entertained, but are activities that the whole family can enjoy!

        Top Golf – a great option for kids and adults, Top Golf offers climate-controlled bays, two 18 holeminiature golf courses, a restaurant/bar, and free Wifi. Their large outdoor patio is perfect for soaking up the sun and enjoying the day.  

        Flight Trampoline Park- take the kids to Flight Trampoline Park to burn off some energy and have some fun. Located in Springfield off of Fullerton Road Flight has over 15,000 square feet of world-class trampolines. From open jumps, dodgeball, basketball slam dunks, and a large foam pit you can’t help but, have a blast at Flight Trampoline Park.  

        Kingstowne 16 Movie Theater – spring break is a good time to get out and enjoy a movie. Located right in our backyard the Kingstowne 16 Movie Theater is nearby all the homes in Kingstowne and has ample parking. Grab the kids and go take in a movie together. For showing times, click here.

        Great Waves Waterpark – it’s a little early to dive into the pool but, don’t forget that Great Waves Waterpark has batting cages and mini golf that are both open for spring break. The park runs on limited hours this time of year 4pm to 8pm.  

        Happy Spring Break everyone!

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          Alexandria Real Estate Market Update March 2017

          Alexandria Real Estate Market Update – March 2017

          The real estate market in Alexandria continues to soar this spring. Sellers are seeing extremely high sale to list price ratios and many homes are going under contract in a matter of hours.

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

          Real Estate Activity in Alexandria During March 2017

          •Number of Sales: 452 (increase from 327 in February)

          •Highest Priced Sale: $2,200,000

          •Lowest Priced Sale: $95,000

          •Median Sales Price: $454,000 (increase from $448,000 in February)

          •Median Days on Market: 12 (decrease from 14 in February)

          •Median Sale Price to List Price Ratio: 98.21% (increase from 97.81% in February)

          Alexandria Home Sales March 2016 vs. March 2017
          Comparing March 2016 to this year really shows just how “on fire” the market in Alexandria is right now. In March 2016 there were 327 homes sold in Alexandria, substantially less than this year. The median sale price was $448,000. Days on the market in 2016 came in at 14 and sellers saw a 97.81% sale to list price ratio.

          Is It A Buyer’s Market or a Seller’s Market?
          Alexandria remains a seller’s market. There are currently 841 homes for sale in Alexandria. Inventory continues to be low and demand continues to outpace supply but, that doesn’t mean you can’t be successful in purchasing a home in Alexandria right now. Buyers just need to keep in mind that the market is moving quickly and that means you need to be prepared to make an offer quickly when you find the right home – have your pre-approval in hand and work with an agent who is available at times that work well with your schedule. Delaying to see a home even just by a day can mean it’s already under contract. If you’re considering selling it goes without saying it’s a great time to do so. Even though the market is hot right now that doesn’t mean proper preparation isn’t a must for sellers as well. Homes that are receiving top dollar in the shortest time possible have three things in common; they show well, are priced according to the market, and are easy for agents to show to their buyers. Consult with a local agent who knows the market and can guide you through each step of your sale. From staging to pricing to timing when you go on the market - every detail matters.

          Not sure where 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 VIP 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 Program. We look forward to helping you!

          Find out how much your Alexandria home is worth.

          Browse homes for sale in Alexandria.

          Are you a member of the military? Learn more about our Beyond The Call program.

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            Easter Events in Kingstowne

            With Easter fast approaching you may be wondering what activities you can do to celebrate with the family. There are some fun events taking place in the Kingstowne area that the whole family can enjoy! Check out the festivities below:

            photo courtesy of freedigitalphotos.net and jannoon028

            Kingstowne Egg-stravaganza

            Where: Lane Elementary School

            7137 Beulah St, Alexandria, VA 22315

             When: Saturday, April 8 from 11:00 AM – 1:00 PM

            Activities include:

            • Live music
            • A corn hole tournament
            • Giant Jenga
            • Raffles and giveaways
            • Bounce house
            • Egg-themed relay games for the kids
            • Face painting

            Tickets are $3 per person, $10 for families of 4 or more (Kids 3 & under are FREE). All proceeds go to the Fund for Alexandria Children, supporting foster and at-risk kids in our area!

             

            Mad Hatter VIP Tea Party

            Where: Springfield Town Center

            6500 Springfield Mall, Springfield, VA, 22150

            When: Sunday, April 9th from 1:00 PM - 4:00 PM or Sunday, April 12th from 10:00 AM – 1:00 PM

            Activities include:

            • Tea & treats
            • Character Appearances: Alice, Mad Hatter & the Queen of Hearts
            • Take photos with the Easter Bunny
            • Face painting
            • Coloring and Easter craft activities

            RSVP to this event as space is limited!

             

            Topgolf Alexandria's Easter Party 2017

            Where: Topgolf Alexandria

            6625 S Van Dorn St, Alexandria, VA 22315

            When: Sunday, April 16th from 9:00 AM - 11:00 AM

            Activities include:

            • Pictures with the Easter Bunny
            • Easter Egg activities
            • Easter-themed crafts and other local activities

            Tickets for this event are $5 for children 12 years old or younger. With the purchase of a ticket, families will also receive a coupon for $10 off Topgolf game play to enjoy on Easter Sunday! 

             

            Blog courtesy of JeMai Wright

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