Alexandria Market Report

Your Alexandria Real Estate Market Report for March 2016

Alexandria home sales experienced another increase in sales from February to March. Days on the market saw a large decrease and the median sale price remained fairly consistent, increasing by a little over $2,000. The Alexandria real estate market is seeing a lot of activity and it's a great time for buyers and sellers to accomplish their real estate goals.

Let's Look at the Numbers

  • Number of Sales: 418 (increase from 295 in February)
  • Highest Priced Sale: $1,800,000
  • Lowest Priced Sale: $92,925
  • Median Sales Price: $439,500 (increase from $437,300 in February)
  • Median Days on Market: 22 (decrease from 41 in February)
  • Median Sale Price to List Price Ratio: 97.31% (increase from 96.69% in February)

Alexandria Real Estate Market - March 2015 vs. March 2016

The market is very similar compared to the same time period last year. There were 411 homes sold in March 2015 and the median sale price was higher last year by $3,500. The median sale to list price ratio remained consistent, 97.60% in 2015 vs. 97.31% in 2016. Median days on the market also remained consistent– 20 in 2015 and 22 in 2016.

Alexandria Market Report March 2016

Whose Market Is It?

The Alexandria market shifted from a stable market into a seller's market during the month of March. The spring market is in full swing and while it's a seller's market, buyers continue to enjoy low interest rates. The homes that are moving quickly and receiving multiple offers in Alexandria have similar characteristics; they show well, are priced according to the market, and are easy for agents to bring their buyers to for a tour. Buyers need to be prepared to act in the current market – getting pre-approved in advance is imperative.

Hiring an agent that can promptly show you homes is also imperative to be successful in the current Alexandria market conditions. Whether you're buying or selling, hiring a local agent that knows the area and the current market conditions is an important component of a successful transaction.

Buyers: To see homes for sale in Alexandria, please visit the link. I am always available to answer questions about your home search and welcome the opportunity to put my expertise to work for you.

Sellers: Now is a great time to list in Alexandria. I'm an excellent negotiator and my marketing has a proven successful track record. Contact me for more information and let's team up to accomplish your selling goals.

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    Kingstowne Market Report March 2016 Alexandria VA

    Real Estate market data provided by Amanda Davidson of Amanda Davidson Real Estate Group.

    Monthly sales comparison 2015 vs. 2016

    *Data for zip code 22315
    Kingstowne Real Estate Market Report

    Single Family Home Sales in Kingstowne March 2016:

    • Number of Sales: 8 (decrease from 10 in February)
    • Highest Priced Sale: $760,000
    • Lowest Priced Sale: $441,000
    • Median Sale Price: $527,000 (decrease from $625,000)
    • Median Days on Market: 15 (decrease from 43)
    • Median Sale Price to List Price Ratio: 95.58% (decrease from 96.88%)

    Kingstowne in Alexandria Real Estate Market Report 2016The number of detached homes sold in Kingstowne saw a slight decrease from February to March. Median sale price decreased but, the numbers don't tell the full story behind the decrease. A bank owned and smaller rambler home impacted the median price. Without their sales factored in the median sale price experienced very little change. Days on the market saw the biggest impact this month. The low number is very telling of the seller's market Kingstowne is experiencing. There are currently 21 single family homes for sale in Kingstowne.

    March 2015 vs. March 2016

    Reviewing the same time period last year, there were 7 single family homes sold. Median sale price was higher this year by $17,000. Days on the market were lower this year – 30 in 2015, compared to 15 this year.

    Townhouse Sales in Kingstowne March 2016:

    • Number of Sales: 23 (increase from 14 in February)
    • Highest Priced Sale: $572,500
    • Lowest Priced Sale: $275,000
    • Median Sale Price: $467,000 (increase from $442,500)
    • Median Days on Market: 23 (increase from 19)
    • Median Sale Price to List Price Ratio: 97.94% (increase from 97.35%)

    Townhome sales increased from February to March in Kingstowne. The median sale price saw a healthy increase and the days on the market saw very little change. Sellers are enjoying a strong sale to list price ratio and inventory has decreased since March. There are currently 41 townhomes for sale in Kingstowne making it a seller's market.

    March 2015 vs. March 2016

    There were two more townhomes sold last March than in 2016. Median sale price remained consistent, a decrease this year by just $1,000 and sale to list price ratio was also a little higher last year 98.69% in 2015 vs. 97.94% this year. Sellers saw longer days on the market this year; 23 vs. 7 last year.

    Buyers: Contact me today to find out how to start your home search or for more information on homes available for sale in Kingstowne. Let's team up and find your new home for the best price and best terms possible. If you have questions don't' hesitate to contact me, I stand ready to assist.

    Sellers: The Spring market is hot in Kingstowne and now is a prime time to list! Contact me for a free market analysis. My marketing has a proven successful track record, I'm a great listener, and welcome the opportunity to learn more about your home and help you achieve a successful sale.

    For a complete list of homes for sale in Kingstowne, visit the link or contact me to have a custom listing alert setup to be notified when new homes enter the market.

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      Alexandria VA Real Estate Market Update April 2016

      Alexandria home sales experienced another increase in sales from March to April. Days on the market saw a large decrease and median sale price remained consistent, fluctuating by less than $1,000. The Alexandria real estate market is in full swing for the spring season and seeing a lot of activity. It's a great time for buyers and sellers to accomplish their real estate goals in Alexandria.

      Let's check in…

      The following is a review of activity in Alexandria during April 2016:

      • Number of Sales: 487 (increase from 418 in March)
      • Highest Priced Sale: $2,444,340
      • Lowest Priced Sale: $83,000
      • Median Sales Price: $440,400 (increase from $439,500 in March)
      • Median Days on Market: 11 (decrease from 22 in March)
      • Median Sale Price to List Price Ratio: 98.03% (increase from 97.31% in March)

      Alexandria Home Sales - March 2015 vs. March 2016

      The Alexandria home sales market is very similar as compared to the same time period last year. There were 466 homes sold in April 2015 and the median sale price was higher last year by $8,600. The median sale to list price ratio remained consistent, 98.13% in 2015 vs. 98.03% in 2016. Median days on the market also remained consistent, 11 for both April 2015 and 2016.

      Alexandria Real Estate Market Report

      Is It A Buyer's Market or a Seller's Market?

      The Alexandria real estate market remains a seller's market. The spring market has been extremely busy in Alexandria and sellers are enjoying low days on the market and high sale to list price ratios. The homes that are moving quickly and receiving multiple offers in Alexandria all have similar characteristics; they show well, are priced according to the market, and are easy for agents to bring their buyers to for a tour.

      Buyers need to be prepared to act in the current market, getting pre-approved, knowing what you can afford in advance and having an agent that can promptly show you homes is imperative to be successful. With the fast paced market lack of preparation can mean the home you fall in love with today is already under contract tomorrow. Whether you're buying or selling, hiring a local agent that knows the area and the current market conditions is an important component of a successful transaction.

      Buyers

      To see homes for sale in Alexandria, please visit the link. I am always available to answer questions about your home search and welcome the opportunity to put my expertise to work for you. Contact me to start your home search today.

      Sellers

      Now is a great time to list in Alexandria. I'm an excellent negotiator and my marketing has a proven successful track record. I'd love to learn more about your home; contact me for more information and let's team up to accomplish your selling goals.

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        Kingstowne in Alexandria VA Market Report April 2016

        Real Estate market data provided by Amanda Davidson of Amanda Davidson Real Estate Group. *Data for zip code 22315.

        Kingstown Real Estate Market Report April 2016

        Single Family Home Sales in Kingstowne April 2016:

        • Number of Sales: 15 (increase from 8 in March)
        • Highest Priced Sale: $785,000
        • Lowest Priced Sale: $355,000
        • Median Sale Price: $515,000 (decrease from $527,000)
        • Median Days on Market: 6 (decrease from 15)
        • Median Sale Price to List Price Ratio: 97.17% (increase from 95.58%)

        Kingstowne Real Estate Market Report April 2016The number of detached homes sold in Kingstowne increased from March to April. Median sale price decreased but, the decrease is attributed to a short sale that closed well below market value. Detached homes in Kingstowne are moving very quickly, with median days on the market coming in at just 6. Sellers are enjoying a high sale to list price ratio on top of extremely low days on the market. Buyers need to be prepared to act quickly in this segment of the market as inventory is very low, and multiple offers are a regular occurrence right now. Currently, there are 17 detached homes for sale in Kingstowne.

        April 2015 vs. April 2016

        Reviewing the same time period last year, there were 4 single family homes sold. Median sale price was substantially higher in 2015 coming in at $575,725. Days on the market were much lower this year – 53 in 2015 compared to 6 this year.

        Townhouse Sales in Kingstowne April 2016:

        • Number of Sales: 32 (increase from 23 in March)
        • Highest Priced Sale: $565,000
        • Lowest Priced Sale: $252,014
        • Median Sale Price: $417,000 (decrease from $467,000)
        • Median Days on Market: 26 (decrease from 23)
        • Median Sale Price to List Price Ratio: 96.39% (decrease from 97.94%)

        Kingstowne Market ReportThe number of townhomes sold in Kingstowne increased from March to April. Sellers are still seeing a strong sale to list price ratio but, in order to achieve top dollar, it's imperative the home is properly prepared for sale. Presentation and professional marketing are key to a successful sale. There are currently 59 townhomes for sale in Kingstowne; inventory has increased since March and that's good news for buyers. It remains a seller's market but, having more homes to choose from and low interest rates also makes it a great time to buy in Kingstowne.

        April 2015 vs. April 2016

        The number of townhomes sold saw no change when comparing April 2015 and April 2016. Median sale price saw a big decrease as compared to last year, down by $33,880. Days on the market were also lower last April coming in at just 6. Sale to list price ratio was 98.66% in 2015 and this year is 96.39%.

        Buyers

        Contact me today to find out how to start your home search or for more information on homes available for sale in Kingstowne. Let's team up and find your new home for the best price and best terms possible.

        Sellers

        It remains a great time to list your Kingstowne home for sale. Contact me for a free market analysis. My marketing has a proven successful track record, I'm a great listener, and welcome the opportunity to learn more about your home and help you achieve a successful sale.

        For a complete list of homes for sale in Kingstowne, visit the link or register with us to have a custom listing alert setup to be notified when new homes enter the market.

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          Real Estate Market Update For Alexandria VA May 2016

          Real Estate Market Update For Alexandria VA – May 2016
          Alexandria home sales experienced another increase in sales from April to May. Days on the market remained consistent, increasing by just a day. The median sale price saw a healthy increase and sellers are seeing almost a 98% sale to list price ratio.

          Let’s check in …

          The following is a review of activity in Alexandria during May 2016.

          •Number of Sales: 571 (increase from 487 in April)

          •Highest Priced Sale: $2,325,000

          •Lowest Priced Sale: $105,000

          •Median Sales Price: $490,000 (increase from $440,400 in April)

          •Median Days on Market: 12 (decrease from 11 in April)

          •Median Sale Price to List Price Ratio: 97.98% (increase from 98.03% in April)

          Alexandria Home Sales May 2015 vs. May 2016
          The market is very similar as compared to the same time period last year. There were 548 homes sold in May 2015 and the median sale price was higher this year by $23,000. The median sale to list price ratio remained consistent, 98.30% in 2015 vs. 97.98% in 2016. Median days on the market also remained consistent, 10 in May 2015 and 12 in May 2016.

          Is It A Buyer’s Market or a Seller’s Market?
          The Alexandria real estate market remains a seller’s market. The spring market has been extremely busy in Alexandria and sellers are enjoying low days on the market and high sale to list price ratios but, that doesn’t make it a bad time to buy. Rates have remained consistent and are still low. Buyers are also enjoying a bit more inventory than during early Spring. The homes that are moving quickly and receiving multiple offers in Alexandria all have similar characteristics; they show well, are priced according to the market, and are easy for agents to bring their buyers to for a tour. Buyers do need to be prepared to act quickly in the current market as homes are not staying active for very long. Getting pre-approved in advance and having an agent that can promptly show you homes is imperative to be successful in the current Alexandria market conditions. The market is moving quickly and lack of preparation can mean the home you fall in love with today is already under contract tomorrow. When it’s time to buy or sell in Alexandria working with an agent that knows the local market and has a proven successful track record remains imperative.

          Buyers: To see homes currently for sale in Alexandria please visit the link. We are always available to answer questions about your home search and welcome the opportunity to put our expertise to work for you. We have systems in place to achieve you a successful purchase with the best terms possible. Contact us to request a strategy session or to start your home search today.

          Sellers: High sale to list price ratios and low days on the market make now a great time to list in Alexandria. We would love to learn more about your home and show you how our marketing can take it from listed to sold promptly. Contact us for a free market analysis or to setup an in home consultation.

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            Real Estate Market Update For Alexandria VA June 2016

            Real Estate Market Update For Alexandria VA – June 2016
            Alexandria home sales experienced another increase in sales from May to June. Days on the market remained consistent, decreasing by just one day and sellers continue to enjoy a high sale to list price ratio.

            Let’s check in …

            The following is a review of activity in Alexandria during June 2016
            •Number of Sales: 595 (increase from 571 in May)
            •Highest Priced Sale: $1,750,000
            •Lowest Priced Sale: $95,000
            •Median Sales Price: $499,450 (increase from $490,000 in May)
            •Median Days on Market: 11 (decrease from 12 in May)
            •Median Sale Price to List Price Ratio: 98.20% (increase from 97.98% in May)

            Alexandria Home Sales June 2015 vs. June 2016
            The market is very similar as compared to the same time period last year. There were 582 homes sold in June 2015 and the median sale price was higher this year by $20,550. The median sale to list price ratio remained consistent, 97.72% in 2015 vs. 98.20% in 2016. Median days on the market also remained consistent, 14 in June 2015 and 11 in June 2016.

            Is It A Buyer’s Market or a Seller’s Market?
            The Alexandria real estate market remains a seller’s market. With that said sellers still need to properly prepare their home for sale. Hiring a local agent who can help you get your home ready for the market is key. From de-cluttering, staging, pricing, marketing, and everything in between the right agent can guide you every step of the way. While the market is leaning towards sellers it's not all bad news for buyers. Inventory isn't depleted to the point that every property is seeing multiple offers and interest rates remain low. Buyers do need to be prepared to act quickly in the current market as homes are not staying on the active for long. When the market is moving quickly lack of preparation can mean the home you fall in love with today is already under contract tomorrow.

            Buyers: To see homes currently for sale in Alexandria please visit the link. Ready to start your home search? We are always available to answer questions and stand ready to assist. We have systems in place to achieve you a successful purchase with the best terms possible. Contact us to request a strategy session or to start your home search today.

            Sellers: It remains a great time to list your home for sale in Alexandria. We would love to learn more about your selling goals and setup the right marketing plan to take it from listed to sold promptly. Contact us for a free market analysis or to setup an in home consultation.

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              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.

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                Real Estate Market Update For Alexandria VA July 2016

                Real Estate Market Update For Alexandria VA – July 2016

                Alexandria home sales experienced a decrease in sales from June to July. Nothing to be overly concerned about as July is typically a big month for family vacations and the extreme heat the DMV has been experiencing sure hasn’t encouraged home buyers to be out and about. Days on the market inched up a bit and the median sale price saw a slight decrease but, nothing substantial.

                Let’s check in …

                The following is a review of activity in Alexandria during July 2016
                •Number of Sales: 543 (decrease from 595 in June)

                •Highest Priced Sale: $3,765,000

                •Lowest Priced Sale: $54,900

                •Median Sales Price: $484,750 (decrease from $490,000 in June)

                •Median Days on Market: 20 (increase from 11 in June)

                •Median Sale Price to List Price Ratio: 97.31% (decrease from 98.20 in June)

                Alexandria Home Sales July 2015 vs. July 2016
                The market is very similar as compared to the same time period last year with the exception of median sale price which saw a healthy increase. The same amount of homes sold in both July 2015 and 2016 – 543. The median sale price was higher this year by $19,750. The median sale to list price ratio remained consistent, 97.45% in 2015 vs. 97.31% in 2016. Median days on the market also remained consistent, 18 in July 2015 and 20 in July 2016.

                Is It A Buyer’s Market or a Seller’s Market?
                The Alexandria real estate market remains a seller’s market with the absorption rate coming in at slightly over 2 months. Buyers are still taking advantage of amazingly low interest rates and while it’s a seller’s market inventory isn’t depleted to a point that there are bidding wars on every house for sale. Seller’s still need to properly prepare their home for sale. Hiring a local agent who can help you get your home ready for the market is key. From de-cluttering, staging, pricing, marketing and everything in between the right agent can guide you every step of the way. Now is a great time to accomplish your real estate goals whether you’re buying or selling in Kingstowne.

                Buyers: To see homes currently for sale in Alexandria please visit the link. Ready to begin your home search? We are always available to answer questions, whether you aren’t sure where to start or have a property you’d like to tour we’d love to hear from you. We have systems in place to achieve you a successful purchase with the best terms possible. Ask us about our Love It or Leave It program!

                Sellers:It remains a great time to list your home for sale in Alexandria. If you’d like to know the current value of your home contact us for a no obligation market analysis. We welcome the opportunity to learn about your selling goals and show you how we can help you accomplish them. We offer a Guaranteed Sale Program and will create a marketing plan to give your home maximum exposure.

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                  Alexandria Market Update August 2016

                  Alexandria Market Update August 2016

                  Alexandria home sales saw a decrease from July to August, median sale price, days on the market, and sale to list price ratio all remained fairly consistent. It’s not uncommon to see real estate slow in August with many people heading out of town for vacations and even with less sales seeing the median sale price remains consistent is good news.

                  Let’s check in …

                  The following is a review of activity in Alexandria during August 2016

                  •Number of Sales: 499 (decrease from 543 in July)

                  •Highest Priced Sale: $2,900,000

                  •Lowest Priced Sale: $86,000

                  •Median Sales Price: $483,495 (decrease from $484,750 in July)

                  •Median Days on Market: 24 (increase from 20 in July)

                  •Median Sale Price to List Price Ratio: 97.29% (decrease from 97.31% in July)

                  Alexandria Home Sales August 2015 vs. August 2016
                  The market is very similar as compared to the same time period last year with the exception of median sale price which saw a healthy increase. In August 2015 there were 482 homes sold and this August there were 499 homes sold. The median sale price was higher this year by slightly over $36,000. The median sale to list price ratio remained consistent, 97.49% in 2015 vs. 97.29% in 2016. Median days on the market very little change, 20 in August 2015 and 24 in August 2016. All positive stats for Alexandria, consistency when comparing stats in the same month from the previous year shows stability.

                  Is It A Buyer’s Market or a Seller’s Market?
                  The Alexandria real estate market remains a seller’s market with the absorption rate remaining at just about 2 months. Many sellers have been inquiring if fall is still a good time to list their home and in our professional opinion it is. There are still plenty of buyers actively seeking their next home and many are aiming to be moved in before the holidays. Sellers can take advantage of the fall curb appeal and with the right agent guiding them through the process achieve a successful sale. Buyers, interest rates are still very low and with a bit more inventory than the spring and summer you can take advantage of having more homes to select from. That said, it is still a seller’s market so it’s important to be prepared to move quickly when you locate the right home. Those that are presented well and priced correctly are still going under contract in a short amount of time.

                  Browse homes for sale in Alexandria

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                    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.

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                    Browse Alexandria Homes For Sale

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