• Skip to main navigation
  • Skip to content
  • Skip to footer

Start Your Home Search

Talk To Amanda Now!

Have a question? Give me a call at 703-431-3755, or you can click here for more options to call or email and I will contact you right away.

Trending Virginia Searches

  • Alexandria Homes
  • Arlington Homes
  • Fairfax Homes
  • Fairfax Station Homes
  • Springfield Homes

Alexandria VA Homes for SaleAlexandria VA Homes for Sale

  • HOME
  • SEARCH
    • Advanced Search
    • Interactive Map Search
    • New Listing & Price Change Alerts
    • Newly Listed Homes
    • Upcoming Open Houses
    • Search by Listing ID
    • Search by Address
    • My Saved Properties
  • BUY
    • Join Deal Alert
    • Why Buy with Us?
    • Mortgage Calculator
  • SELL
    • What’s Your Home Worth?
    • Selling 101
    • Marketing Your Home
  • AREA
    • Alexandria
    • Arlington
    • Fairfax
    • Fairfax Station
    • Springfield
  • HOT
    • My Featured Properties
    • Today’s Newest Listings
    • Upcoming Open Houses
  • BLOG
  • ABOUT
    • About Amanda and Randy
    • Client Reviews
  • CONTACT
SearchClose

Condo Sales in Alexandria, Virginia Market Update October 2017

Condo sales in Alexandria slowed in September but, picked back up in October.

More condos sold in Alexandria during October and median days on market slightly decreased as compared to September.

Condo Sales in Alexandria, Virginia Market Update October 2017

October 2017 Condo Sales in Alexandria

•Number of Sales: 159 (increase from 149 in September)

•Highest Priced Sale: $2,050,000

•Lowest Priced Sale: $85,000

•Median Sales Price: $273,500 (decrease from $277,000 in September)

•Median Days on Market: 17 (decrease from 22 in September)

•Median Sale to List Price Ratio: 97.62% (decrease from 97.75% in September)

How Does October 2016 Compare to October 2017?

There were 25 more condos sold this October. The median sale price was higher this year by $1,275 and days on the market were lower this year by 10. The median sale to list price ratio varied just slightly 2016 – 96.70% vs. 2017 – 97.62%.

 

Current Condo Inventory in Alexandria

There are 389 condos for sale in Alexandria, a decrease of 62 the same timeframe last month. Low inventory continues to be a trend in Alexandria. Sales slowed in September but, picked back up in October which isn’t unusual to see. While the fall season isn’t as busy as spring and summer it’s important to know the market is still moving at a brisk pace and inventory remains low.

Condo Sales in Alexandria, Virginia Market Update October 2017

Is it a Buyers or a Seller’s Market?

The condo market in Alexandria remains a seller’s market. Days on the market continue to be low and as a buyer it’s important to be prepared to make an offer quickly. Fall and winter are traditionally associated with a slow real estate market but, that’s a blanket assumption and real estate is local – hyper local. It’s been a record setting year in the DMV and the real estate market is strong! Seek an agent that can promptly show you homes and who has an understanding of the local market.

If you’re considering selling your Alexandria condo the market is in your favor. Low inventory, low days on the market, and strong sale to list price ratios all point to the current seller’s market we’re experiencing. Collaborate with an agent who you trust and who has a proven successful track record. It takes careful attention to detail and proper planning to achieve a top dollar sale. From preparing your condo for sale to professional negotiation, who you hire matters. You only get once chance to make a lasting impression for potential buyers, make sure it’s a good one!

 

Whether you’re buying or selling a condo in Alexandria we stand ready to assist. Contact us to get answers to your questions or to request more information. We look forward to helping you!

To receive a free estimate on what your condo is worth in the current market visit our free home value tool.

 

Browse Homes For Sale In Alexandria

Browse Homes For Sale In Arlington

Browse Home For Sale In Fairfax

 

Posted in: Amanda Davidson, Blog, Condos, Sellers Tagged: Alexandria Condos, Alexandria Market Report

JOIN PROPERTY ALERT

Did you know the hottest homes for sale in Alexandria often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

JOIN PROPERTY ALERT

As local Alexandria Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure... we hope to hear from you!

Post navigation

« Kingstowne Real Estate Market Update October 2017
Thanksgiving Safety »

Contact Amanda Now


703-431-3755
amanda@amandadavidson.com

20130 Lakeview Center Plaza #400 Ashburn, Va 20147

Join Deal Alert

Get New Properties & Price Update Alerts sent straight to your inbox

Favorites

Login to manage your Favorites, Save Properties & Searches

Search Homes

Find Homes using the most powerful Search tool in Alexandria Virginia

FREE Home Valuation

Find out the TRUE value of your home and what other homes in your neighborhood are selling for

AREAS WE COVER

22301, 22303, 22314, 22315, 22310, 22201, 22202, 22204, 22206, 22207, 22030, 22032, 22039, 22030, 22032, 22033, 22150, 22151, 22152,
Alexandria, Arlington, Fairfax Station, Fairfax, Springfield

CONNECT WITH US

© 2021 · Amanda Davidson · 703-431-3755 · Privacy Policy · Fredericksburg VA Homes for Sale

Disclaimer - All Rights Reserved by eXp Realty Licensed in Virginia · Fredericksburg VA Homes & Real Estate · Sitemap · IDX Sitemap · IDX XML Sitemap

Log in · Real Estate Website by Real Estate Websites by YourSiteNeedsMe.com