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Kingstowne Real Estate; Market Update July 2017

Kingstowne Real Estate – Market Update July 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 July 2017:
•Number of Sales: 63

•Highest Priced Sale: $740,000

•Lowest Priced Sale: $223,000

•Median Sale Price: $455,000

•Median Days on Market: 13

•Median Sale Price to List Price Ratio: 98.61%

The number of homes sold in Kingstowne decreased from June to July but, the median sale price slightly increased and the market remains a seller’s market. There are currently 85 homes for sale in Kingstowne. The homes range from a $230,000 one bedroom, one bath condo and go up to a $1,039,900 single family home with seven bedrooms and five and a half baths. The market has softened just a bit since the April/May timeframe but, inventory continues to be low and sellers continue to see 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 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 just contact us. We look forward to helping you!

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