Real Estate market data provided by Amanda Davidson of Amanda Davidson Real Estate Group.
Monthly sales comparison 2015 vs. 2016
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%)
The 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.