Kingstowne Market Report

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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    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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      Kingstowne Market Report May 2016

      Kingstowne Market Report May 2016
      Real Estate market data provided by Amanda Davidson Real Estate Group.
      Monthly sales comparison 2015 vs. 2016
      *Data for zip code 22315

      Single Family Home Sales in Kingstowne May 2016:

      •Number of Sales: 6 (decrease from 15 in April)

      •Highest Priced Sale: $890,000

      •Lowest Priced Sale: $570,000

      •Median Sale Price: $687,623 (increase from $515,000)

      •Median Days on Market: 6 (no change from April)

      •Median Sale Price to List Price Ratio: 99.53% (increase from 97.17%)

      The number of detached homes sold in Kingstowne decreased from April to May. Median sale price saw a large increase this month but, keep in mind that the lower median sale price last month was attributed to a short sale that closed well below market value. It’s important to consider that sale because it made the April median sale price a bit distorted and therefore the increase looks higher this month. Detached homes in Kingstowne are moving very quickly, with median days on the market coming in at 6 for the second month in a row. Sellers that properly prepare their home for sale and price it according to the market are experiencing a strong sale to list price. There are currently 18 detached homes for sale in Kingstowne.

      May 2015 vs. May 2016
      Reviewing the same time period last year there were 7 single family homes sold. Median sale price was substantially lower last year coming in at $575,000. Days on the market remained consistent – 5 in 2015 compared to 6 this year.

      Townhouse Sales in Kingstowne May 2016:

      •Number of Sales: 31 (decrease from 32 in April)

      •Highest Priced Sale: $620,000

      •Lowest Priced Sale: $300,900

      •Median Sale Price: $485,000 (increase from $417,000)

      •Median Days on Market: 12 (decrease from 26)

      •Median Sale Price to List Price Ratio: 98.05% (increase from 96.39%)

      The number of townhomes sold in Kingstowne saw very little change from April to May. The townhouse segment of the Kingstowne market remains a seller’s market and sellers continue to see a strong sale to list price ratio but, in order to achieve top dollar it’s imperative the home is properly prepared for sale and professionally marketed. Buyers are enjoying having more homes to choose from than earlier in the year and low interest rates also make it a great time to buy in Kingstowne. There are currently 54 townhomes for sale in Kingstowne.

      May 2015 vs. May 2016
      There were 7 more townhomes sold in May 2015 compared to May 2016. Median sale price was higher this May by $22,963. Days on the market were lower last May coming in at just 6. Sale to list price ratio was 98.74% in 2015 and this year is 98.05%.

      Buyers: Contact us to get your Kingstowne home search started today. Let’s team up and find your new home for the best price and best terms possible. If you have questions on how to get started or about a particular property contact us, we stand ready to assist.

      Sellers: It remains a great time to list your Kingstowne home for sale. Contact us to find out how our marketing can take your home from listed to sold. Our systems and marketing have a proven successful track record and we welcome the opportunity to achieve you a successful sale.

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

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        Kingstowne in Alexandria VA Market Report July 2016

        Kingstowne in Alexandria VA Market Report July 2016
        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

        Single Family Home Sales in Kingstowne July 2016:
        •Number of Sales: 8 (decrease from 15 in June)
        •Highest Priced Sale: $759,990
        •Lowest Priced Sale: $425,000
        •Median Sale Price: $535,750 (decrease from $580,000)
        •Median Days on Market: 9 (increase from 8)
        •Median Sale Price to List Price Ratio: 98.50% (increase from 98.07%)

        Kingstowne saw a decrease in the number of homes sold in July as compared to June. Median sale price saw a decrease and days on the market remain low but, did increase by 1 day. Always an interesting segment of the market detached homes in Kingstowne are moving very quickly and the homes that are priced correctly and show well are going under contract in just a matter of a couple days. We often see a fluctuation in median sale price and in most cases it can be attributed to the small sample of data one month of sales yields. There are many different styles and sizes of detached homes in 22315 and because of that they sell at very different prices. There are currently 17 detached homes for sale in Kingstowne, there was no change in inventory levels from June to July.

        July 2015 vs. July 2016
        Reviewing the same time period last year there were 11 single family homes sold. Median sale price was substantially lower last year coming in at $510,500. Days on the market are much lower this year – 32 in 2015 compared to 9 in 2016. Many single family homeowners in Kingstowne continue to see their equity increase.

        Townhouse Sales in Kingstowne July 2016:
        •Number of Sales: 53 (increase from 46 in June)
        •Highest Priced Sale: $577,450
        •Lowest Priced Sale: $369,000
        •Median Sale Price: $441,414 (decrease from $471,000)
        •Median Days on Market: 11 (increase from 8)
        •Median Sale Price to List Price Ratio: 98.39% (decrease from 98.60%)

        The number of townhomes sold in Kingstowne also saw an increase from June to July while the median sale price saw a decrease. As frequently happens the numbers don’t tell the whole story. There were multiple 2 bedroom 2 bath townhomes with less than 1,500 square feet that impacted the median sale price. The townhouse segment of the Kingstowne market remains a seller’s market and sellers continue to see a strong sale to list price ratio with low days on the market. There are currently 54 townhomes for sale in Kingstowne, no change in available inventory from May to June.

        July 2015 vs. July 2016
        There were 8 more townhomes sold this July than July 2015. Median sale price was higher this July by $18,414. Days on the market saw very little change, lower last year by just a day. Sale to list price ratio remained consistent 97.95% in 2015 and 98.39% this year. Similar to detached homes appreciation on townhomes in Kingstowne continues.

        Buyers: We’d love to help you with your Kingstowne home search. Whether you just have questions or are ready to start touring we welcome the opportunity to work with you. We have programs and systems in place to ensure you secure your new home for the best price and best terms possible. Contact us today, we stand ready to assist!

        Sellers: It remains a great time to list your Kingstowne home for sale. Seeking a local agent with proven marketing is essential for a successful sale. We’d love to hear from you and learn more about your home. We offer a guaranteed sale program and have successful track record selling homes in Alexandria. Contact us to have all of your questions answered or to setup an in home consultation today.

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

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          Homes Sold in Kingstowne August 2016 Market Report

          Homes Sold in Kingstowne August 2016 Market Report
          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

          Single Family Home Sales in Kingstowne August 2016:
          •Number of Sales: 12 (increase from 8 in July)
          •Highest Priced Sale: $930,000
          •Lowest Priced Sale: $431,000
          •Median Sale Price: $524,150 (decrease from $535,750)
          •Median Days on Market: 21 (increase from 9)
          •Median Sale Price to List Price Ratio: 97.40% (decrease from 98.50%)

          Kingstowne experienced an increase in the number of detached homes sold in August as compared to July. Median sale price saw a decrease and days on the market increased but, overall remain low. Always an interesting segment of the market detached homes in Kingstowne are moving very quickly and the homes that are priced correctly and show well are going under contract in just a matter of a couple days. We often see a fluctuation in median sale price and in most cases it can be attributed to the small sample of data one month of sales yields. The Kingstowne real estate market is hyper-local and there are many different styles and sizes of detached homes in 22315. Because of that they sell at very different prices. All of the homes sold in August 2016 were regular sales. They ranged from 4-6 bedrooms, 2-5 full bathrooms and 1,144 – 5,016 square feet. There are currently 18 detached homes for sale in Kingstowne, an increase of one home as compared to available homes for sale in July.

          August 2015 vs. August 2016
          Reviewing the same time period last year there were 10 single family homes sold. Median sale price was $542,250 and days on the market were 26. Sellers saw a median sale to list price ratio of 96.93% in August of 2015.

          Townhouse Sales in Kingstowne August 2016:
          •Number of Sales: 32 (decrease from 53 in July)
          •Highest Priced Sale: $624,000
          •Lowest Priced Sale: $318,160
          •Median Sale Price: $454,250 (increase from $441,414)
          •Median Days on Market: 25 (increase from 11)
          •Median Sale Price to List Price Ratio: 97.90% (decrease from 98.39%)

          The number of townhomes sold in Kingstowne in August saw a decrease as compared to July. Median sale price saw an increase and days on the market also increased. It’s not uncommon to see longer says on the market in August. It’s a popular month for vacations before school starts back up and that can impact how long it takes to sell a home. The townhomes that sold in August ranged from 2-4 bedrooms, 1-3 full bathrooms, and 930 – 2,139 square feet. There are currently 59 townhomes for sale in Kingstowne, which is an increase of 5 homes as compared to July.

          August 2015 vs. August 2016
          There were 8 more townhomes sold last August than this year. Median sale price was higher this August by $24,255. Days on the market saw very little change, higher this year by 4 days. Sale to list price ratio remained consistent 97.85% in 2015 and 97.90% this year.

          Buyers: Whether you just have questions or are ready to start touring homes we welcome the opportunity to work with you. We have programs and systems in place to ensure you secure your new home for the best price and best terms possible. Contact us today, we stand ready to assist!

          Sellers: As we enter Fall it still remains a great time to list. Seeking a local agent with proven marketing is essential for a successful sale. We’d love to hear from you and learn more about your home. We offer a Guaranteed Sale Program and have successful track record selling homes in Alexandria. Contact us to have all of your questions answered or to setup an in home consultation today.

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

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            Kingstowne in Alexandria Virginia Market Report September 2016

            Kingstowne in Alexandria Virginia Market Report September 2016

            Monthly sales comparison 2015 vs. 2016

            *Data for zip code 22315

            Single Family Home Sales in Kingstowne September 2016:
            •Number of Sales: 11 (decrease from 12 in August)

            •Highest Priced Sale: $756,000

            •Lowest Priced Sale: $445,500

            •Median Sale Price: $549,000 (increase from $524,150)

            •Median Days on Market: 14 (decrease from 21)

            •Median Sale Price to List Price Ratio: 98.31% (increase from 97.40%)

            Kingstowne experienced a very slight decrease in the number of homes sold in September as compared to August. Median sale price saw an increase and days on the market decreased. Detached single family homes are still moving quickly and sellers are enjoying a strong sale to list price ratio. The homes sold in September ranged from 4-5 bedrooms, 2-4 full bathrooms and 1,610 – 2,854 square feet. There are currently 18 detached homes for sale in Kingstowne, no change in available inventory as compared to August.

            September 2015 vs. September 2016
            Reviewing the same time period last year there were 9 single family homes sold. Median sale price was $654,000 and days on the market were 19. Sellers saw a median sale to list price ratio of 98.31% in September of 2015.

            Townhouse Sales in Kingstowne September 2016:
            •Number of Sales: 27 (decrease from 32 in August)

            •Highest Priced Sale: $563,000

            •Lowest Priced Sale: $297,790

            •Median Sale Price: $429,800 (decrease from $454,250)

            •Median Days on Market: 27 (increase from 25)

            •Median Sale Price to List Price Ratio: 96.48% (decrease from 97.90%)

            The number of townhomes sold in Kingstowne in September saw a decrease as compared to August. Median sale price also saw a decrease and days on the market increased by 2. The townhomes that sold in August ranged from 2-4 bedrooms, 1-4 full bathrooms, and 930 – 2,259 square feet. There are currently 37 townhomes for sale in Kingstowne, which is a decrease of 22 homes from August. Inventory is currently low in the townhouse segment of Kingstowne, the lowest we have seen in 3 months.

            September 2015 vs. September 2016
            4 more homes sold this September than in 2015. Median sale price was higher last September by $7,700. Days on the market saw very little change, higher this year by 5 days. Sale to list price ratio remained consistent 98.27% in 2015 and 96.48% this year.

             

            Buyers: Are you ready to start touring or just have questions on how to start your home search? We can help! We stand ready to assist and welcome the opportunity to learn more about your home buying goals.

            Sellers: Working with a local agent who has a proven successful track record is essential for a smooth and successful sale. Contact us to have all of your questions answered or to setup a no obligation in home consultation today.

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

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              Homes Sold In Kingstowne October 2016 Market Report

              Kingstowne in Alexandria VA Market Report October 2016

              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

              Single Family Home Sales in Kingstowne October 2016:
              •Number of Sales: 6 (decrease from 11 in September)

              •Highest Priced Sale: $772,500

              •Lowest Priced Sale: $542,500

              •Median Sale Price: $650,500 (increase from $549,000)

              •Median Days on Market: 20 (increase from 14)

              •Median Sale Price to List Price Ratio: 97.67% (decrease from 98.31%)

              Kingstowne experienced a slight decrease in the number of detached homes sold in October as compared to September. Median sale price saw an increase and days on the market increased by 6 but, continue to remain low. The homes sold in October ranged from 3-6 bedrooms, 2-3 full bathrooms and 1,496 – 2,936 square feet. There are currently 14 detached homes for sale in Kingstowne, a decrease of 4 as compared to September.

              October 2015 vs. October 2016
              Reviewing the same time period last year there were 12 single family homes sold. Median sale price was $481,344 and days on the market were 15. Sellers saw a median sale to list price ratio of 96.29% in October 2015.

              Townhouse Sales in Kingstowne October 2016:
              •Number of Sales: 30 (increase from 27 in September)

              •Highest Priced Sale: $630,000

              •Lowest Priced Sale: $302,000

              •Median Sale Price: $475,000 (increase from $429,800)

              •Median Days on Market: 23 (decrease from 27)

              •Median Sale Price to List Price Ratio: 97.16% (increase from 96.48%)

              Townhouse sales remained consistent from September through October, with an increase of three homes sold. Median sale price increased and days on the market decreased. The townhomes that sold in October ranged from 2-4 bedrooms, 1-3 full bathrooms, and 930 – 2,139 square feet. There are currently 28 townhomes for sale in Kingstowne, a decrease of 9 homes as compared to September.

              October 2015 vs. October 2016
              There were 18 townhomes sold in October 2015 and the median sale price was $451,500. Days on the market were lower in October 2015 coming in at 14. Sale to list price ratio remained consistent 98.40% in 2015 and 97.16% this year.

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

              Interested in what your Kingstowne home is worth in today’s market? Visit www.northernvalocalmarketvalues.com for a free no obligation estimate.

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                Homes For Sale in Kingstowne Market Report November 2016 Alexandria Virginia 22315

                Homes For Sale in Kingstowne - Market Report November 2016 Alexandria Virginia 22315

                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

                Single Family Home Sales in Kingstowne November 2016:
                •Number of Sales: 8 (increase from 6 in October)

                •Highest Priced Sale: $850,000

                •Lowest Priced Sale: $455,000

                •Median Sale Price: $657,000 (increase from $650,500)

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

                •Median Sale Price to List Price Ratio: 97.13% (decrease from 97.67%)

                Kingstowne experienced a slight decrease in the number of detached homes sold in November as compared to October. Median sale price saw a small increase and days on the market increased by 4 but, continue to remain low. The homes sold in November ranged from 3-5 bedrooms, 2-4 full bathrooms and 1,136 – 3,250 square feet. It’s important to note the range of sizes in homes sold in Kingstowne as it creates a large difference in highest vs. lowest sale price each month. There are currently 10 detached homes for sale in Kingstowne, a decrease of 4 as compared to October. Inventory remains very low in Kingstowne.

                November 2015 vs. November 2016
                Looking at the same time period last year there were 12 single family homes sold. Median sale price was $652,200 and days on the market were 35. Sellers saw a median sale to list price ratio of 96.00% in November 2015.

                Townhouse Sales in Kingstowne November 2016:
                •Number of Sales: 25 (decrease from 30 in October)

                •Highest Priced Sale: $611,500

                •Lowest Priced Sale: $307,000

                •Median Sale Price: $470,000 (decrease from $475,000)

                •Median Days on Market: 33 (increase from 23)

                •Median Sale Price to List Price Ratio: 96.15% (decrease from 97.16%)

                Townhouse sales in Kingstowne have been impacted by an overall lack of inventory. Many of the homes that closed in November had been active for weeks and in turn impacted the days on the market and median sale price. The townhomes that sold in October ranged from 3-4 bedrooms, 1-3 full bathrooms, and 1,212 – 2,044 square feet. There are currently 11 townhomes for sale in Kingstowne, a decrease of 17 homes as compared to October. It’s important for buyers and sellers to both understand just how low inventory is in the townhouse segment of the Kingstowne market. It’s good news for sellers because it makes it a great time to list but, it’s not ideal for buyers because of inventory being so depleted. You can still be successful in your purchase of a townhouse in Kingstowne but, you need the expertise of a local agent with a proven successful track record. It remains a good time to take advantage of interest rates as they are predicted to continue to rise.

                November 2015 vs. November 2016
                15 townhomes sold in November 2015 in Kingstowne and the median sale price was $473,950. Days on the market were lower in November 2015 coming in at 18. Sale to list price ratio remained consistent, 97.11% in November 2015.

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

                Interested in what your Kingstowne home is worth in today’s market? Visit www.northervalocalmarketvalues.com for a free no obligation estimate. Whether you just have questions or are ready to enter the real estate market we would love the opportunity to help you accomplish your real estate goals.

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                  Kingstowne Home Sales December 2016 Alexandria Virginia 22315 Market Report

                  Kingstowne Home Sales December 2016 Alexandria Virginia 22315 - Market Report

                  Kingstowne Monthly sales comparison 2015 vs. 2016

                  *For the purpose of this report data is for zip code 22315

                  Single Family Home Sales in Kingstowne December 2016:
                  •Number of Sales: 4 (decrease from 8 in December)

                  •Highest Priced Sale: $756,000

                  •Lowest Priced Sale: $374,000

                  •Median Sale Price: $525,500 (decrease from $657,000)

                  •Median Days on Market: 29 (increase from 24)

                  •Median Sale Price to List Price Ratio: 96.40% (decrease from 97.13%)

                  Kingstowne experienced a decrease in detached home sales in December. It’s important to point out that of the 4 homes that closed the lowest sale was a 1,120 square feet rambler with 3 bedrooms and 1 full bath that was not updated. Its sale price was very low for the area and in turn the statistics were impacted accordingly. Days on the market increased by 5 days but, still remain low at under a month. There are currently 5 detached homes for sale in Kingstowne, a decrease of 5 as compared to November. Low inventory is currently a challenge in 22315, we have buyers just waiting for the right home to come on the market. Sellers who are waiting to list until spring would be wise to locate the agent they want to work with now and start the process. With the right marketing plan in place your home can be under contract before the spring listing rush begins. Low inventory is a favorable market condition for sellers.

                  December 2015 vs. December 2016
                  Reviewing the same time period last year there were 3 single family homes sold. Median sale price was $564,500 and days on the market were exactly the same at 29. Sellers saw a median sale to list price ratio of 98.72% in December 2015.

                  Townhouse Sales in Kingstowne December 2016:
                  •Number of Sales: 26 (increase from 25 in November)

                  •Highest Priced Sale: $623,804

                  •Lowest Priced Sale: $329,000

                  •Median Sale Price: $438,825 (decrease from $470,000)

                  •Median Days on Market: 21 (decrease from 33)

                  •Median Sale Price to List Price Ratio: 97.71% (increase from 96.15%)

                  The highest sale that closed in December was a new construction home in Devonshire. Built by McShay the open floorplans, Brazilian hardwood floors, and gourmet kitchens have been very popular with buyers. Townhouse sales in Kingstowne have been impacted by lack of inventory. At the time of this report there are just 18 listed for sale. It’s important for buyers and sellers to understand the impact of low inventory on the market. It’s good news for sellers because it makes it a great time to list but, it’s not ideal for buyers because of inventory being so depleted. When a home is priced correctly and shows well multiple offers are a strong possibility. Buyers need to work with an agent who understands the market trends and has experience in multiple offer situations in order to be successful. The small details in your offer can be the difference in being the contract the sellers choose to work with or having to continue your home search because they selected a different offer.

                  December 2015 vs. December 2016
                  25 townhomes sold in December 2015 in Kingstowne and the median sale price was $402,500. Days on the market didn’t change – 21 for both December 2015 and 2016. Sale to list price ratio remained consistent, 96.37% in December 2015.

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

                  Interested in what your Kingstowne home is worth in today’s market? Visit www.northervalocalmarketvalues.com for a free no obligation estimate.

                  We are here to help, if you’re thinking about buying or selling and just have questions about the market or what guarantees we offer to our clients don’t hesitate to contact us. We’d love to answer them for you.

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                    What Sold In Kingstowne in January 2017?

                    What Sold In Kingstowne in January 2017?

                    Kingstowne 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.

                    Real Estate Activity in Kingstowne January 2017:
                    •Number of Sales: 33

                    •Highest Priced Sale: $620,000

                    •Lowest Priced Sale: $275,000

                    •Median Sale Price: $442,500

                    •Median Days on Market: 31

                    •Median Sale Price to List Price Ratio: 97.85%

                    2016 vs. 2017 Comparison

                    There are currently 27 homes for sale in Kingstowne. The residences range from a $229,000 one bedroom, one bath condo and go up to a $809,000 single family home with four bedrooms and three and a half baths.

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

                    Interested in what your Kingstowne home is worth in today’s market? Visit www.northervalocalmarketvalues.com for a free no obligation estimate.

                    We are here to help, if you’re thinking about buying or selling and just have questions about the market or what guarantees we offer to our clients don’t hesitate to contact us.

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