Happy Thanksgiving to our amazing clients, we appreciate each of you so very much.
Blog :: 11-2017
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.
Next week the cooking will commence for feasts in many households. As you prepare be sure to follow these tips to make sure you and yours have a happy and safe Thanksgiving.
T – Thaw your turkey in the refrigerator below 40 degrees. It’s not a good idea to thaw your turkey on the counter.
U- Use caution when frying your bird and do not under any circumstances do the frying indoors. This includes the garage – outdoors for frying turkeys is the way to go.
R- Remember to clean the surfaces that food being prepared is touching frequently. Have spray or wipes on hand that kill germs and wipe the countertops down in between each use.
K- Keep the kids and pets away from hot surfaces. There’s a lot going on when cooking a big meal and it’s easy for little hands or paws to get burned. Ask a family member or guest to keep them entertained while you cook.
E- Everyone wants to have the perfect bird but, even if it’s a little overcooked that’s better than undercooked! Raw turkey is never what anyone wants on the menu. Make sure the inner temperature of Tom Turkey reaches 165 degrees.
Y- Your smoke detectors need to be fully functional. If you didn’t just test them when we rolled our clocks back be sure to do it before you start cooking for the holiday.
Condo Sales in Alexandria, Virginia Market Update October 2017
Condo sales in Alexandria slowed in September but, picked back up in October. More condos sold in Alexandria during October and median days on market slightly decreased as compared to September.
October 2017 Condo Sales in Alexandria
•Number of Sales: 159 (increase from 149 in September)
•Highest Priced Sale: $2,050,000
•Lowest Priced Sale: $85,000
•Median Sales Price: $273,500 (decrease from $277,000 in September)
•Median Days on Market: 17 (decrease from 22 in September)
•Median Sale to List Price Ratio: 97.62% (decrease from 97.75% in September)
How Does October 2016 Compare to October 2017?
There were 25 more condos sold this October. The median sale price was higher this year by $1,275 and days on the market were lower this year by 10. The median sale to list price ratio varied just slightly 2016 – 96.70% vs. 2017 – 97.62%.
Current Condo Inventory in Alexandria
There are 389 condos for sale in Alexandria, a decrease of 62 the same timeframe last month. Low inventory continues to be a trend in Alexandria. Sales slowed in September but, picked back up in October which isn’t unusual to see. While the fall season isn’t as busy as spring and summer it’s important to know the market is still moving at a brisk pace and inventory remains low.
Is it a Buyers or a Seller’s Market?
The condo market in Alexandria remains a seller’s market. Days on the market continue to be low and as a buyer it’s important to be prepared to make an offer quickly. Fall and winter are traditionally associated with a slow real estate market but, that’s a blanket assumption and real estate is local – hyper local. It’s been a record setting year in the DMV and the real estate market is strong! Seek an agent that can promptly show you homes and who has an understanding of the local market.
If you’re considering selling your Alexandria condo the market is in your favor. Low inventory, low days on the market, and strong sale to list price ratios all point to the current seller’s market we’re experiencing. Collaborate with an agent who you trust and who has a proven successful track record. It takes careful attention to detail and proper planning to achieve a top dollar sale. From preparing your condo for sale to professional negotiation, who you hire matters. You only get once chance to make a lasting impression for potential buyers, make sure it’s a good one!
Whether you’re buying or selling a condo in Alexandria we stand ready to assist. Contact us to get answers to 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 free home value tool.
Thank Your For Your Service Veterans Day 2017
Not just on Veterans Day but, everyday we are thankful to those who have served and those who continue to serve. You set aside your own safety to keep everyone else safe. There's no great sacrifice. From everyone at the ADREG team we THANK YOU!
Kingstowne Real Estate Market Update October 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.
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 October 2017 – data is for 22315.
•Number of Sales: 40
•Highest Priced Sale: $635,000
•Lowest Priced Sale: $224,000
•Median Sales Price: $428,250
•Median Days on Market: 11
•Median Sale Price to List Price Ratio: 98.16%
There are currently 51 homes for sale in Kingstowne. That’s a decrease by 13 homes at the same time last month. The homes for sale range from a 1 bedroom, 1 bath condo that’s a short sale listed at $232,000 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.
Alexandria Real Estate Market Update – October 2017
Real Estate Activity in Alexandria October 2017
•Number of Sales: 425 (increase from 398 in September)
•Highest Priced Sale: $2,800,000
•Lowest Priced Sale: $107,000
•Median Sales Price: $446,200 (increase from $436,750 in September)
•Median Days on Market: 16 (decrease from 21 in September)
•Median Sale Price to List Price Ratio: 97.62% (increase from 97.54% in September)
Alexandria Home Sales October 2016 vs. October 2017
In October 2016 there were 360 homes sold, the median sale price was higher this October by $6,200. Days on the market in 2016 were 20 so overall not a big variance as compared to this year. Sellers saw a 97.38% 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. October was a far more active market this year than it was in 2016 but, both sale price and days on market show consistency.
Is Alexandria A Buyer’s Or A Seller’s Market?
If you’ve been following our monthly Alexandria market updates you can probably guess…it’s still a seller’s market! There are currently 919 homes for sale in Alexandria which is a decrease from this time last month and also the third month in a row inventory has decreased. Although we saw sales slow in September (not unusual), October turned out to be a strong month for Alexandria real estate sales. Median days on the market decreased and are something to take note of. Slightly over two weeks is extremely low. Sellers also continue to experience strong sale to list price ratios. As a buyer now is a great time be searching for a new home in Alexandria. Homes definitely aren’t staying on the market for a long time but, there also aren’t as many buyers in the market this time of year leading to less competition. The opportunity to take advantage of low interest rates remains. The homes that are selling within a matter of days as always have similar characteristics – they’re priced correctly, they show well, and they offer convenient showing times for buyer agents to be able to bring their clients for a tour. If you’re selling, regardless of what time of year it is making sure your home is ready to deliver a great first impression is important – you only get once chance at a first impression. Make sure it’s a good one! Curb appeal is often something we see overlooked during the fall and winter months, don’t make that mistake. Curb appeal can be achieved year round. Check out The Importance Of Curb Appeal for tips on what to do to make the exterior of your home welcoming to potential buyers.
Find out how much your Alexandria home is worth using our free home value calculator.
Fall is the season to cozy up at home. Temperatures are cooler, football season is in full swing, and holidays are on the horizon. Compared to Spring and Summer, we spend much more time indoors and decorating is a big part of the Fall fun. Check out the neat Fall inspired pieces you can incorporate into your space to give it a cozy feel and stimulate your senses with the warm colors of Fall!
decorative lanterns with faux Fall foliage and LED lights
cedarwood, smoke and patchouli leaves pair with warm vanilla in this inviting candle
green and orange silk hydrangea flower arrangement
tip: perfect to add to a table centerpiece
brushed bronze, leaf cutout candle holders
Autumn sunflower, Fall foliage wreath