Blog :: 10-2017

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 Alexandria During September 2017?

What Sold In Alexandria During September 2017?

 

Real Estate Activity in Alexandria During September 2017

•Number of Sales: 398 (decrease from 486 in August)

•Highest Priced Sale: $3,149,900

•Lowest Priced Sale: $85,000

•Median Sales Price: $436,750 (decrease from $454,400 in August)

•Median Days on Market: 21 (increase from 16 in August)

•Median Sale Price to List Price Ratio: 97.54% (decrease from 97.75% in August)
 

Alexandria Home Sales September 2016 vs. September 2017
In September 2016 there were 437 homes sold, the median sale price was higher this September by $21,750. Days on the market in 2016 as compared to this year saw no change – 21 days. Sellers saw a 97.47% sale to list price ratio in 2016. Reviewing the same time period in the previous year gives us data to gauge how the market is performing as compared to the same time period last year. While more homes sold last September the median sale price was substantially higher this year. Days on market and the median sale to list price ratio show consistency for September 2016 and 2017.

Is Alexandria A Buyer’s Or A Seller’s Market?
The seller’s market tune continues to play in Alexandria. There are currently 997 homes for sale in Alexandria which is a decrease from this time last month. Seeing sales slow this time of year it very common and not something to be alarmed about. Median days on the market at 21 is still very low and sellers continue to enjoy a strong sale to list price ratio. As a buyer now is a great time to enter the market because while homes still aren’t staying on the market for a long time they are staying on longer than they were in the spring and summer. You can take advantage of the seasonal slower market and low interest rates. The homes that are selling within a matter of days have similar characteristics – they’re priced according to the market, they show well, and they offer convenient showing times for buyer agents to be able to bring their clients for a tour. Marketing and exposure no matter what the market trends are will always be imperative to sell for top dollar in the shortest time possible. In the current market sellers need to be mindful that things have slowed down a bit from spring and summer. Making sure your home is ready to shine the day it hits the market is a must. For some tips on common pricing mistakes to avoid check out this article.

Find out how much your Alexandria home is worth using our free home value calculator.

Browse homes for sale in Alexandria

 

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    The Importance Of Curb Appeal Year Round

    The Importance Of Curb Appeal Year Round

    Curb appeal is something that's often overlooked yet buyers tie it to their perceived value of the home. Fall provides a beautiful backdrop and no matter what season we’re in curb appeal should be on the list for items that need attention prior to putting your home on the market. 

     

     

     

     

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      Restaurants In The DC Area Serving Thanksgiving Dinner 2017

      Restaurants In The DC Area Serving Thanksgiving Dinner 2017

      Thanksgiving is fast approaching and while many will be waking up early to prepare meals at home there are plenty of options for those of us (raising my hand) who are looking to go out and not put in all the work it takes to pull off a Thanksgiving feast.

       

      Tysons Corner/Mclean

      Seasons 52 – offering a traditional Thanksgiving dinner with all the trimmings.

      Fogo de Chao- offering seasonal recipes exclusive to the holidays. Dinner price applies all day on Thanksgiving.

      Wildfire- enjoy Thanksgiving served family style, featuring Spit Roasted Turkey.

       

      Alexandria/Arlington

      Bastille- offering a 3 course meal for Thanksgiving.

      Fyve at The Ritz Carlton- Thanksgiving inspired cuisine served in the Grand Ballroom with live entertainment.

      Essy’s Carriage House- serving Thanksgiving dinner from noon until 8pm. Turkey with all the trimmings, pumpkin and pecan pies. Salmon or London Broil will be available as alternate entrees.

       

      Downtown

      Bucca de Bepo- open at 11am on Thanksgiving, join them for their sought after pasta dishes.

      Lillies- prix fixe holiday menu; traditional turkey dinner with mashed potatoes, gravy, stuffing, and sweet potatoes await you this Thanksgiving.

      Bistro Bistro- serving a Thanksgiving feast including seasoned turkey, mashed potatoes, pumpkin and apple pies.

       

      Reservations are filling up fast so don’t delay if you want to take the easy route for your Thanksgiving meal!

       

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        Kingstowne Real Estate Market Update September 2017

        Kingstowne Real Estate Market Update September 2017

        Kingstowne in Alexandria Virginia 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.

         

        Kingstowne

        What’s The Neighborhood Like?

        Kingstowne offers a variety of residences – condos, townhomes, single family homes and some new construction. Residents enjoy extensive amenities; outdoor pools, walking paths, tot lots, fitness centers, tennis courts, multi-purpose courts, volleyball courts, and an aerobics studio. Kingstowne is very unique in that it also features 1,200 acres of green space which the owners association does a wonderful job of maintaining. As you drive through the different areas of Kingstowne you’ll often see residents out for a run and children out riding their bikes. All of the walking paths throughout the community make it very inviting to get outdoors and go for a stroll.

         

        What’s Nearby Kingstowne?

        If you’re looking for a convenient location Kingstowne has you covered. Situated just 12 miles from the nation’s capital the community is minutes from 95, 395, 495, and Fairfax County Parkway. Need access to public transportation? Kingstowne is situated minutes from two metro stations; Franconia-Springfield and Van Dorn Street. Kingstowne Towne Center is within minutes from all of the homes in the community and you’ll find multiple grocery stores, retail options, and over 25 dining choices. Hilltop Village Center is also within minutes of Kingstowne and home to the sought after Wegmans grocery store, Burtons Grill, Dickey’s BBQ, LA Fitness, Mathnasium and many other retail and dining options. Stop by and see us, we’re located in Hilltop Village Center too! Old Town Alexandria is ten minutes by car; enjoy a stroll along the waterfront or a delicious meal at one of the many dining options. You’ll also find unique shopping and endless activities to enjoy in Old Town. Needless to say Kingstowne is in a wonderful and highly sought after location. Whether you’re commuting into the city or just running to the grocery store Kingstowne makes access to everything extremely convenient.

         

        How close is Fort Belvoir to Kingstowne?

        If you currently work at Fort Belvoir or are being transferred to the base soon Kingstowne is a great option to look into – your commute time would be less than 15 minutes from anywhere in Kingstowne. Some homes are located less than 5 minutes from the base.

         

         

        Kingstowne Real Estate Market

        The following is a review of activity in Kingstowne for September 2017 – data is for 22315.

        •Number of Sales: 43

        •Highest Priced Sale: $775,000

        •Lowest Priced Sale: $218,250

        •Median Sales Price: $487,000

        •Median Days on Market: 18

        •Median Sale Price to List Price Ratio: 98.18%

         

         

        There are currently 64 homes for sale in Kingstowne. That’s a decrease by 15 homes at the same time last month. The homes for sale range from a 2 bedroom, 2 bath condo that’s a short sale listed at $269,900 and goes up to a $934,900 single family home with 5 bedrooms, 5 full baths, and 1 half bath.

         

        Do you want to know the value of your Kingstowne home? Visit our home value calculator for a free estimate.

         

        If you’d like to learn more about Kingstowne and the current real estate market in the community reach out to us. We look forward to answering your questions and the opportunity to help provide you with local information and expertise.

         

        Browse homes for sale in Kingstowne

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          Condo Sales in Alexandria, Virginia; Market Update September 2017

          Condo Sales in Alexandria, VA – Market Update September 2017

          Condo sales in Alexandria slowed in September as compared to August. The second month in a row that sales have slowed. This isn’t uncommon for this time of year though. Let’s review the numbers and then dig deeper into the story behind them.

           

          Condo Sales in Alexandria September 2017
           

          September 2017 Condo Sales in Alexandria

          •Number of Sales: 149 (decrease from 173 in August)

          •Highest Priced Sale: $2,050,000

          •Lowest Priced Sale: $85,000

          •Median Sales Price: $277,000 (decrease from $284,215 in August)

          •Median Days on Market: 22 (increase from 15 in August)

          •Median Sale to List Price Ratio: 97.75% (decrease from 98.00% in August)

           

          How Does September 2016 Compare to September 2017?

          There were 24 more condos sold last September. The median sale price was higher this year by $14,000 and days on the market were lower this year by 3. The median sale to list price ratio was just a bit stronger this year 2016 – 97.03% vs. 2017 – 97.75%.

           

          Current Condo Inventory in Alexandria

          There are 389 condos for sale in Alexandria, an increase of just 3 from the same time frame last month. The consistent inventory level but, fewer condos sold in September is important. We have seen fewer condos sold in both August and September which is good news for buyers. The market is still moving quickly but, not as quickly as we’ve seen during the spring and summer.

           

          Is it a Buyers or a Seller’s Market?

          Although we’ve seen sales decrease in the last 2 months the condo segment of the Alexandria real estate market remains a seller’s market. Days on the market have increased but, at 22 are still low. Sellers continue to see a strong sale to list price ratio as well. With fewer sales taking place and inventory levels remaining consistent buyers still have to be prepared to make an offer promptly; have your pre-approval in hand and work with an agent that is able to take you to tour condos in a timely manner. If you’re considering selling your Alexandria condo it’s important to work with an agent who has a full understanding of the current market conditions. It always remains important to properly prepare your condo for the market, price it correctly, and be flexible with showings. As we enter the fall market it’s key to be aware that not as many sales are taking place and in turn you really want to go the extra mile to make sure your condo shines and sells for top dollar in the shortest time possible.

           

          Whether you’re buying or selling a condo in Alexandria we stand ready to assist. Contact us to get answers too your questions or to request more information. We look forward to helping you!

           

          To receive a free estimate on what your condo is worth in the current market visit our home value tool. www.northernvalocalmarketvalues.com

           

          Browse Alexandria Homes For Sale

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