Looking to buy a single-family home in Alexandria?

As of this July 9, 2007, there are 115 single-family detached homes on the market in Alexandria City.  They range in price from $400,000 up to $3,450,000 with an average listing price of $897,000.  This includes 24 homes that are priced at over $1 million (find out about million dollar homes throughout the D.C. region).  Excluding the million dollar plus category, the average price in Alexandria is a more palatable $671,671.

Considering that there were 52 sales of single-family homes in Alexandria for the month of June, there is only a 2 month inventory supply of detached homes, making it a strong seller's market, at least in this sub-category of the overall Alexandria market.  Typically a 5-6 month supply is considered a balanced market and more than 6 months is a buyer's market, making it more difficult for homeowners to sell.

The homes in Alexandria are located throughout the city, with larger concentrations of inventory available in the following neighborhoods: Beverly Hills, Braddock Heights, Dalecrest, Del Ray, Glenmore, Old Town, Rosemont and Rosemont Park, and Wilmar Park.  There are also 2 rare single-family homes available in Cameron Station, a community of mostly townhouses.  Listings are fairly evenly spread among Alexandria's zip codes with the following numbers:  Zip Code 22301: 25 homes on the market; Zip Code 22302: 28 homes; Zip Code 22304: 26 homes; Zip Code 22305: 16 homes; Zip Code 22311: 5 homes; Zip Code 22312: 1 home; an Zip Code 22314: 15 homes.

The average amount of days on the market for the currently available Alexandria homes is 78.  June's sales ranged in final sales price from $500,000 to $2,250,000.