Alexandria Condo Sales

Condo Sales in Alexandria, VA Market Update May 2016

Condo Sales in Alexandria, VA – Market Update May 2016
May was a busy month for Alexandria condo sales. The number of condos sold increased as compared to April. The median sale price also saw a healthy increase. Days on the market slightly inched up but, still remain very low.

Let’s check in….

May 2016 Condo Sales in Alexandria

•Number of Sales: 201 (increase from 175 in April)

•Highest Priced Sale: $2,325,000

•Lowest Priced Sale: $105,000

•Median Sales Price: $295,000 (increase from $260,000)

•Median Days on Market: 20 (increase from 13)

•Median Sale to List Price Ratio: 97.06% (decrease from 97.86%)

How Does May 2015 compare to May 2016?
There were 25 more condos sold this May than last year. The median sale price was higher this May by $5,000. Days on the market remained consistent 17 in 2015 and 20 in 2016. The median sale to list price ratio also remained consistent 2015 – 97.61% vs. 2016– 97.06%.

What Does This Mean For Condo Sales In Alexandria?
The condo segment of the Alexandria real estate market remains a seller’s market for May. There is currently less than 3 months of available inventory. This isn’t bad news for buyers, interest rates remain low and inventory isn’t depleted to the point that bidding wars are occurring on every property. Buyers do need to be prepared to act quickly though. Getting pre-approved and hiring an agent who has full time availability to be flexible with touring and a proven successful track record is a must. Sellers need to keep in mind that while the market is leaning in your favor the necessity to properly prepare your Alexandria condo for sale remains imperative. Condos that are receiving multiple offers and going under contract quickly all have similar characteristics. They show well, are priced according to the market, and are easy for agents to schedule a tour for their buyers.

If you would like more information on condos in Alexandria we always available for questions. We are well versed in the Alexandria real estate market and stand ready to assist buyers and sellers.

Buyers: To browse homes for sale in Alexandria please visit the link. If you see a property that interests you contact us to find out how to start your home search. We can guide you through each step of your purchase and achieve you a successful transaction.

Sellers: We are experienced in the Alexandria Real Estate market and welcome the opportunity to learn about your home. Contact us to setup up an in home consultation to discuss preparing your condo for sale and marketing strategies.

    Comments

    1. No comments. Be the first to comment.

    Condo Sales in Alexandria, VA Market Update July 2016

    Condo Sales in Alexandria, VA – Market Update July 2016

    Condo sales in Alexandria saw decrease from June to July, but not by a large amount and the sale to list price ratio remains strong.

    Let’s check in….


    July 2016 Condo Sales in Alexandria
    •Number of Sales: 170 (decrease from 196 in June)
    •Highest Priced Sale: $875,000
    •Lowest Priced Sale: $90,000
    •Median Sales Price: $260,000 (no change from June)
    •Median Days on Market: 24 (increase from 19)
    •Median Sale to List Price Ratio: 96.85% (decrease from 97.02%)

    How Does July 2015 compare to July 2016?
    There were 3 more condos sold last July than this year. The median sale price was lower last July but, not by much, just a difference of $2,000. Days on the market remained consistent 22 in 2015 and 24 in 2016. The median sale to list price ratio also remained consistent 2015 – 96.76% vs. 2016– 96.85%.

    What Does This Mean For Condo Sales In Alexandria?
    The condo segment of the Alexandria market remains shifted towards sellers but, it's bad news for buyers. Inventory levels have increased and in turn buyers are enjoying having more condos to choose from while taking advantage of the incredible interest rates right now. Seller's should understand that while the market is shifted in your favor that doesn't decrease the importance of properly preparing your Alexandria condo for sale. Condos that are going under contract quickly show well, are priced according to the market, and are easy for agents to schedule a tour for their buyers. Selecting a local agent that can help you prepare your condo for sale, correctly price it, and guide you through negotiations is imperative to achieve the maximum sale price and best terms.

    If you would like more information on condos in Alexandria we are always available for questions. We are well versed in the Alexandria real estate market and stand ready to assist buyers and sellers. Contact us for a free strategy session today!

    Buyers: To browse homes for sale in Alexandria please visit the link. If you see a property that you'd like to tour or have questions about don't hesitate to reach out to us. We welcome the opportunity to assist you with your next home purchase.

    Sellers: We are experienced in the Alexandria Real Estate market and our marketing has a proven successful track record. Contact us to tell us about your home and your selling goals. We'd love to meet for a no obligation consultation and show you how we can promptly take your home from listed to sold.

      Comments

      1. No comments. Be the first to comment.

      Alexandria Virginia Condo Sales Market Update August 2016

      Alexandria Virginia Condo Sales – Market Update August 2016

      Let’s check in….

      August 2016 Condo Sales in Alexandria

      •Number of Sales: 185 (increase from 170 in July)

      •Highest Priced Sale: $1,000,000

      •Lowest Priced Sale: $86,000

      •Median Sales Price: $265,000 (increase from $260,000 in July)

      •Median Days on Market: 28 (increase from 24 in July)

      •Median Sale to List Price Ratio: 96.85% (decrease from 97.02%)

      How Does August 2015 compare to August 2016?

      There were 23 more condos sold this August as compared to last year. The median sale price was lower this August by $20,575. Days on the market remained consistent 24 in 2015 and 28 in 2016. The median sale to list price ratio also remained consistent as well, 2015 – 97.00% vs. 2016– 96.85%.

      What Does This Mean For Condo Sales In Alexandria?

      The condo market in Alexandria remains a seller’s market, August was very strong this year and saw a lot of activity. Buyers are still enjoying low interest rates and while it’s a seller’s market inventory has increased as compared to June and July which gives them a nice selection of condos to pick from. Seller's still need to understand that while the market is shifted in your favor that doesn't decrease the importance of properly preparing your Alexandria condo for sale. Condos that are going under contract quickly all have similar characteristics; they show well, are priced according to the market, and are easy for agents to schedule a tour for their buyers. Selecting a local agent that can help you from start to finish is imperative for a successful and smooth sale.

      If you would like more information on Alexandria condos don’t hesitate to contact us with questions. We’d love to learn more about your real estate needs. Contact us for a free strategy session today!

      Browse Alexandria Homes For Sale

        Comments

        1. No comments. Be the first to comment.

        Condo Sales in Alexandria, VA Market Update September 2016

        Condo Sales in Alexandria, VA – Market Update September 2016
        Condo sales in Alexandria saw a decrease in the number of sales from August to September. Median sales price also saw a decrease but, it was very minimal - $2,000. Days on the market were a little bit lower and sellers saw a slightly higher sale to list price.

        Let’s check in….

        September 2016 Condo Sales in Alexandria

        •Number of Sales: 169 (decrease from 185 in August)

        •Highest Priced Sale: $900,000

        •Lowest Priced Sale: $80,000

        •Median Sales Price: $263,000 (decrease from $265,000 in August)

        •Median Days on Market: 25 (decrease from 28 in August)

        •Median Sale to List Price Ratio: 97.03% (increase from 96.85%)

        How Does September 2015 compare to September 2016?
        There were 17 more condos sold this September as compared to last year. The median sale price was lower this September by $2,000. Days on the market remained consistent 27 in 2015 and 25 in 2016. The median sale to list price ratio also remained consistent 2015 – 96.40% vs. 2016– 97.03%.

        What Does This Mean For Condo Sales In Alexandria?
        The condo market in Alexandria remains a seller’s market but, it’s not as strong of a seller’s market as it was in August which is good news for buyers. The current market conditions are good for both buyers and sellers. While it’s still swayed towards sellers buyers are taking advantage of more inventory than we saw over the summer and favorable interest rates. Seller's, be mindful that while the market is swayed towards you, more inventory means more competition from other condos for sale. Condos that are going under contract quickly all have similar characteristics; they show well, are priced according to the market, and are easy for agents to schedule a tour for their buyers. From preparing your condo to go on the market to properly marketing it to the right buyers and negotiating you the best price and terms possible selecting the right agent is imperative for a successful sale.

        If you would like more information on Alexandria condos don’t hesitate to contact us with questions. We’d love to learn more about your real estate goals. We offer a Guaranteed Sale Program and a free no obligation strategy session.

        Read What Our Clients Say About Us

        Browse Alexandria Homes For Sale

          Comments

          1. No comments. Be the first to comment.

          Condos For Sale in Alexandria, VA Market Update October 2016

          Condos For Sale in Alexandria, VA - Market Update October 2016
          Condo sales in Alexandria saw a decrease in the number of sales from September to October. Median sales price increased and days on the market saw very little change.

          Let’s check in….

          October 2016 Condo Sales in Alexandria

          •Number of Sales: 121 (decrease from 169 in September)

          •Highest Priced Sale: $1,000,000

          •Lowest Priced Sale: $95,000

          •Median Sales Price: $278,000 (increase from $263,000 in September)

          •Median Days on Market: 28 (increase from 25 in September)

          •Median Sale to List Price Ratio: 96.67% (decrease from 97.03%)

          How Does October 2015 Compare To October 2016?
          There were 8 more condos sold this October as compared to last year. The median sale price was lower this October by $9,000. Days on the market saw no changed as compared to last year. The median sale to list price ratio also remained consistent 2015 – 96.63% vs. 2016– 96.67%.


          What Does This Mean For Condo Sales in Alexandria?
          The seasonal slowdown has started to make an impact on the number of condos sold in Alexandria however, median sale price and sale to list price ratio remain strong. The condo segment of the Alexandria market remains a seller’s market. There are currently 344 condos for sale in Alexandria. From an inventory standpoint the market is swayed towards sellers but, buyers should know that while the market isn’t inundated with inventory it’s not depleted to the point that bidding wars are happening regularly. Buyers can also continue to take advantage of low interest rates which increases buying power. Sellers, its good news that the condo market in Alexandria is a seller’s market but, that doesn’t reduce the importance of proper preparation before putting your condo on the market. Coming soon marketing, the right pricing, and making sure it’s easy for agents to show are all important factors to consider. You only get one chance to make a first impression and when it comes to getting the highest price in the shortest time possible the right first impression is imperative.

          If you would like more information on buying or selling a condo in Alexandria we welcome the opportunity to answer all your questions.

          Browse Alexandria Homes For Sale

            Comments

            1. No comments. Be the first to comment.

            Condo Sales in Alexandria, VA Market Update November 2016

            Condo Sales in Alexandria, VA – Market Update November 2016
            Condo sales in Alexandria increased from October to November. Median sales price decreased and days on the market decreased. Median sale to list price ratio saw a slight increase.

            Let’s review the numbers…

            November 2016 Condo Sales in Alexandria
            •Number of Sales: 130 (increase from 121 in October)

            •Highest Priced Sale: $1,707,000

            •Lowest Priced Sale: $81,500

            •Median Sales Price: $270,000 (decrease from $278,000 in October)

            •Median Days on Market: 24 (decrease from 28 in October)

            •Median Sale to List Price Ratio: 97.00% (increase from 96.67%)

            How Does November 2015 compare to November 2016?
            There were 29 more condos sold this November as compared to last year. The median sale price was lower last November by $40,000. Days on the market were lower this year by 9 and the median sale to list price ratio remained consistent 2015 – 96.31% vs. 2016– 97.00%.

            What Does This Mean For Condo Sales In Alexandria?
            Condo sales in Alexandria saw a nice surge during the month of November. The market is strong right now and the comparison to 2015 shows just how active things have been. Many buyers and sellers that were on the fence during the election are entering the market now that it’s over. The condo segment of the Alexandria market remains a seller’s market. There are currently 281 condos for sale in Alexandria. Down from 344 condos at this time last month. From an inventory standpoint the market is leaning towards sellers but, buyers shouldn’t be discouraged as there’s not a shortage to the point that bidding wars are happening all the time. They do happen but, not as frequently as the Spring market. Interest rates have increased but, are still at historic lows and buyers can take advantage of them while they’re still in the low 4% range. Sellers who are concerned about listing during the winter months should really consider going on the market. Not only is it a seller’s market, there are many buyers in the market right now who want to go under contract in order to lock in their rate before they continue to rise. Take advantage to the market conditions leaning in your favor, winter isn’t a bad time to sell and the numbers for Alexandria condo sales show us it’s a very active market right now. Coming soon marketing, the right pricing, and making sure it’s easy for agents to show are all important factors to consider. Work with an agent who has a proven successful track record and the right marketing to set your condo apart from the competition.

            If you would like more information on buying or selling a condo in Alexandria or just have questions about the market give us a call. We are here to help.

            Browse Alexandria Homes For Sale

              Comments

              1. No comments. Be the first to comment.

              Condo Sales in Alexandria, VA Market Update December 2016

              Condo Sales in Alexandria, VA – Market Update December 2016
              Condo sales in Alexandria remained strong in December with an increase in the number of condos sold as compared to November. Median sale price saw a slight decrease but, at less than $2,000 it wasn’t substantial. Days on the market inched up a bit but, continue to remain low.

              Let’s review the numbers…

              December 2016 Condo Sales in Alexandria

              •Number of Sales: 159 (increase from 130 in November)

              •Highest Priced Sale: $2,910,000

              •Lowest Priced Sale: $105,730

              •Median Sales Price: $268,015 (decrease from $270,000 in November)

              •Median Days on Market: 31 (increase from 24 in November)

              •Median Sale to List Price Ratio: 95.77% (decrease from 97.00%)

              How Does December 2015 compare to December 2016?
              There were 8 more condos sold this December as compared to last year. The median sale price was higher last December by $7,985. Days on the market were lower this year by 9 and the median sale to list price ratio remained consistent 2015 – 95.72% vs. 2016– 95.77%.

              What Does This Mean For Condo Sales In Alexandria?
              The condo market in Alexandria remains swayed towards sellers from an absorption rate standpoint but, buyers shouldn’t be discouraged. Inventory isn’t depleted to the point that multiple offers are happening all the time and there are plenty of condos to select from. Sellers need to keep in mind that properly preparing your condo for the market and pricing it correctly remain a necessity. Working with a local agent who has a proven sales record and who can guide you from the preparation stage all the way through closing is important. There are so many details that go into successfully selling a home and it’s not something you should take lightly. You only get one chance to make a positive and lasting first impression. Buyers are actively seeking their next home and many desire to locate a property now in order to lock their interest rate due to the predictions that they will continue to rise. There are currently 266 condos for sale in Alexandria. Down from 281 condos at this time last month.

              If you would like more information on buying or selling a condo in Alexandria or just have questions about the market give us a call. We are here to help.

              Browse Alexandria Homes For Sale

                Comments

                1. No comments. Be the first to comment.

                Alexandria Virginia Condo Sales Market Update January 2017

                Alexandria Virginia Condo Sales – Market Update January 2017
                Condo sales in Alexandria saw a decrease in the number of condos sold from December through January. Median sale price remained consistent changing by less than $5,000. Median days on the market and median sale to list price ratio also remained consistent.

                Let’s review the numbers…

                January 2017 Condo Sales in Alexandria

                •Number of Sales: 120 (decrease from 159 in December)

                •Highest Priced Sale: $1,019,000

                •Lowest Priced Sale: $107,500

                •Median Sales Price: $263,750 (decrease from $268,015 in December)

                •Median Days on Market: 29 (decrease from 31 in December)

                •Median Sale to List Price Ratio: 96.97% (increase from 95.77%)

                How Does January 2016 compare to January 2017?
                There were 40 more condos sold this year in January as compared to last year. The median sale price was higher this January by $35,500. Days on the market were lower this year by 19. The median sale to list price ratio remained consistent; 2016 – 96.19% vs. 2017 – 96.97%. It’s important to note that we experienced a blizzard dumping over two feet of snow on the area in January 2016; statistics were in turn impacted by the monster storm due to the inability to tour homes in addition to closings being delayed. Sales were still strong in January 2017 but, we wanted to point out that the difference in the amount of condos sold was impacted for the storm in 2016.

                What Does This Mean For Condo Sales In Alexandria?
                Inventory or a lack there of remains a big factor in the Alexandria condo market. There are currently 255 condos for sale, a decrease from 266 at this time last month. It is a prime time to list your Alexandria condo for sale. The spring market is starting early this year and the supply just isn’t keeping up with the demand. All of this being great news for sellers. Preparing your condo for sale, pricing it according to the market, and insuring it’s easy for agents to show to their buyers remain important factors for a successful sale. Hire an agent who has a proven successful track record who can guide you through each detail of your home sale.

                Find out the value of your Alexandria condo.

                If you want to buy a condo in Alexandria it’s not all bad news for you. Interest rates are increasing but, there is still time to lock in while they remain historically low. With low supply comes the necessity to work with an agent who has full time availability to show homes at times that work well for you. Condos are moving quickly and delaying on a tour could mean the property is already under contract. Seek an agent that has experience in competitive markets and who understands facing multiple offer situations.

                If you would like more information on buying or selling a condo in Alexandria or just have questions about the market reach out to us for answers.

                Browse Alexandria Homes For Sale

                  Comments

                  1. No comments. Be the first to comment.

                  Condo Sales in Alexandria, VA Market Update February 2017

                  Let’s start with the numbers and then go over the story behind them.

                  February 2017 Condo Sales in Alexandria

                  •Number of Sales: 111 (decrease from 122 in January)

                  •Highest Priced Sale: $1,090,000

                  •Lowest Priced Sale: $90,000

                  •Median Sales Price: $263,784 (increase from $263,750 in January)

                  •Median Days on Market: 22 (decrease from 29 in January)

                  •Median Sale to List Price Ratio: 97.32% (increase from 96.97%)

                  How Does February 2016 compare to February 2017?

                  There were 31 more condos sold this February as compared to last year. The median sale price was higher this year by $35,534. Days on the market were lower this year by 21 and the median sale to list price ratio remained fairly consistent 2016 – 96.19% vs. 2017 – 97.32%. Reviewing the previous years sales shows how much the market has improved or gone done - in this case the market has only gotten stronger since February 2016.

                  What Does This Mean For Condo Sales In Alexandria?

                  Inventory or in the current market low inventory remains a big factor in Alexandria. There are currently 276 condos for sale, an increase from 255 at this time last month – this is good news. While it’s not a large influx of inventory there are a few more choices for buyers to consider at this time than there were last month. With that said, if you’re considering listing your home the market conditions are excellent for sellers right now. Despite the recent blast of cold weather the spring market is showing no signs of slowing down. Preparing your home for sale takes time and planning. Consult with an agent you trust now to start the process so that all of the details are in place to be ready to list. Pricing remains a key factor for a successful sale, rely on your agent to review market data with you and determine a price that represents the current fair market value for your home. Work with your agent to showcase all your home has to offer – it’s about creating an experience for buyers that allows them to see how wonderful it is to live in your home. They need to be able to connect on an emotional level and see themselves living there.

                  Find out the value of your Alexandria condo.

                  If you want to buy a condo in Alexandria it’s not all bad news for you. Interest rates are increasing but, are still extremely low as compared to what they have been in the past. Purchasing a condo now will enable you to lock in while they’re still low, rates are predicted to continue to rise but, what shouldn’t be the driving factor behind a home purchase. Buying is a big decision and one that requires careful thought and planning. If you decide now is the right time for you to purchase your next home you’ll want to work with a full time agent who has the availability to cater to your schedule and show homes quickly when they come on the market. Properties are moving quickly right now and waiting days to take a tour can mean you miss out on the opportunity to tour and/or make an offer. Enlist the expertise of an agent that has experience in competitive markets and who understands how to navigate multiple offer situations.

                  If you would like more information on buying or selling a condo in Alexandria or just have questions about the market reach out to us for answers. We look forward to helping you.

                  Browse Alexandria Homes For Sale

                    Comments

                    1. No comments. Be the first to comment.

                    Condo Sales in Alexandria, VA Market Update March 2017

                    Condo Sales in Alexandria, VA – Market Update March 2017

                    March 2017 Condo Sales in Alexandria

                    •Number of Sales: 170 (decrease from 111 in February)

                    •Highest Priced Sale: $900,000

                    •Lowest Priced Sale: $95,000

                    •Median Sales Price: $265,426 (increase from $263,784 in February)

                    •Median Days on Market: 13 (decrease from 22 in February)

                    •Median Sale to List Price Ratio: 97.68% (increase from 96.32%)

                    How Does March 2016 compare to March 2017?

                    Comparing the same time period last year gives us the opportunity to see if the market has improved or declined – March 2017 shows the market has improved from where it was in 2016. There were 16 more condos sold this March as compared to last year. The median sale price was higher this year by $15,376. Days on the market were lower this year by 15 days and the median sale to list price ratio was slightly stronger 2016 – 96.71% vs. 2017 – 97.68%.

                    What Does This Mean For Condo Sales In Alexandria?

                    There are currently 296 condos for sale, an increase from 276 at this time last month. While inventory supply still remains low seeing a few more condos enter the market is good news for buyers. With that said, the Alexandria condo market continues to experience a seller’s market. If you’ve been contemplating listing your condo for sale it remains an excellent time to do so. Preparing your home for sale takes time and planning for proper execution. Consult with an agent in advance to start the process so that all of the details are in place to be ready to list. Pricing remains a key factor for a successful sale, rely on your agent to review market data with you and determine a price that represents the current fair market value for your home. Work with your agent to showcase all your home has to offer – it’s about creating an experience for buyers that allows them to see how wonderful it is to live in your home. They need to be able to connect on an emotional level and see themselves living there.

                    Find out the value of your Alexandria condo.

                    If you want to buy a condo in Alexandria it’s important to be prepared. By that we mean have your pre-approval or better yet, a TBD pre-approval (contact us and we can explain the difference). Buying is a big decision and one that comes with a lot of questions. We are always happy to answer questions and welcome the opportunity to help. If you decide now is the right time for you to purchase your next home you’ll want to work with a full time agent who has the availability to cater to your schedule and show homes quickly when they come on the market. The current market conditions make it imperative see homes as they become available because they are going under contract quickly. Enlist the expertise of an agent that has experience in competitive markets and who understands how to navigate multiple offer situations.

                    Browse Alexandria Homes For Sale

                      Comments

                      1. No comments. Be the first to comment.