Supply continues to struggle to keep up with demand in Kingstowne. January experienced strong sales with buyers seeing very little if any negotiation. Median sale price increased from December while the number of homes sold and closed decreased.
January 2019 Kingstowne Home Sales
•Number of Sales: 35
•Highest Priced Sale: $824,999
•Lowest Priced Sale: $215,000
•Median Sales Price: $439,213
•Median Days on Market: 22
•Median Sale Price to List Price Ratio: 98.33%
Is It A Buyer’s Or A Seller’s Market?
It is a seller’s market in Kingstowne. There are currently 30 homes for sale, 17 of which are located in The Crest Of Alexandria, a 55+ active adult community. There is currently less than a one month supply of inventory. If you are thinking about selling your Kingstowne home this spring find out why winter might be a better time.
Low Inventory in Kingstowne
Kingstowne housing inventory remains very low. Homeowners in Kingstowne have an excellent opportunity to sell quickly and for top dollar in the current market conditions. Homes still need to be properly priced and show well in order to entice buyers. Home buyers are attracted to homes that have a reasonable amount of updates and homes that meet these criteria are frequently seeing multiple offers.
If you’re a home buyer in Kingstowne the market is moving quickly and you have to be prepared to act accordingly. Work with an agent who has the availability to tour homes with you as soon as they become available. Low inventory increases the odds of other buyers being interested in the same properties and factoring that into your strategy is important to achieve a successful purchase.
Receive a free home value estimate within minutes. Our home value tool is just a guide, and to be used solely to receive an estimate. If you’d like to receive a free current market analysis reach out to me and let’s connect! 703-431-3755 or [email protected]
Additional Kingstowne Real Estate Resources