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Kingstowne Real Estate Market Update May 2017

Kingstowne Real Estate – Market Update May 2017

Kingstowne is located in Alexandria Virginia and 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 May 2017:
•Number of Sales: 60

•Highest Priced Sale: $832,800

•Lowest Priced Sale: $224,590

•Median Sale Price: $492,250

•Median Days on Market: 6

•Median Sale Price to List Price Ratio: 99.75%

Home sales in Kingstowne were very strong in May and twice as many homes sold last month as compared to April. The median sale price increased by $23,025 and days on the market remain extremely low, seeing no change from April to May. There are currently 71 homes for sale in Kingstowne – no change in the level of inventory as compared to April. The homes range from a $228,997 one bedroom, one bath condo and go up to a $1,099,000 single family home with seven bedrooms and five and a half baths. Inventory remains low and sellers are seeing

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 to receive a free estimate within minutes.

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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