Kingstowne Housing Market Update: December 2017
The real estate market in Kingstowne continues to be strong. Sellers are seeing strong sale to list price ratios and low inventory continues to play a factor in the market. The area is highly sought after due to its fabulous location; residents love being within minutes to shopping, dining, and entertainment. In addition to having anything one might need for day to day life nearby the area also offers easy access to commuter routes and public transportation.
Let’s check in on what happened in the Kingstowne market during December 2017.
•Number of Sales: 37
•Highest Priced Sale: $799,000
•Lowest Priced Sale: $225,000
•Median Sales Price: $485,000
•Median Days on Market: 20
•Median Sale Price to List Price Ratio: 97.18%
Month to Month Comparison
Kingstowne remains a seller’s market. Homes that show well and are priced correctly for the current market conditions are moving quickly. Buyers aren’t seeing very much negotiation from the list price vs. the sale price. Every home is different but, in general sellers remain in the driver’s seat.
There are currently 37 homes for sale in Kingstowne. Down from 51 homes during the same time frame last month. The homes for sale range from a 2 bedroom, 2 bath condo listed at $280,000 up to $899,950 single family home with 4 bedrooms and 4.5 baths.
Find out the value of your Kingstowne home – free estimate.