Old Town Alexandria is one of the most popular areas in Alexandria City for homebuyers. Occupying zip code 22314, Old Town's charms include the Potomac River, the Torpedo Factory Art Galleries (inside of what was once an actual torpedo factory), and the many great restaurants, boutique shops, historic homes, and businesses which make Alexandria a local center of activity.
The Washington Post reports on "A New Look Of Prosperity in Old Town". Among other things, the article states that:
"The city is preparing to unveil a set of banners that will help give the area a more unified feel"
"More than 36 restaurants have opened outdoor seating in the past three years, adding to the area's foot traffic on warm evenings"
"Several retailers have set up shop, including Old Original Bookbinder's seafood restaurant, Bruegger's Bagels, Conrad's Furniture Gallery and Diva, a designer consignment shop in a Victorian house on South Pitt Street"
The article reports that the opening of the National Harbor convention and hotel center across the Potomac River is expected to bring an additional 500 to 1,000 tourists to Old Town each day, and retailers and residents are gearing up.
Old Town Alexandria Home Sales:
If home sales in Old Town Alexandria provide any indication, things are definitely moving upwards.
In recent MRIS statistics, home sales in Old Town Alexandria totaled 68 for July 2007, holding steady from the 69 units sold in June and a 21% increase from the 56 sold in July 2006.
Sales prices are also significantly up from the prior month. The average sales price in July 2007 was $617,302, more than $35K higher than the average June sales price of $581,422.
Here's a chart comparing July 2007 and June 2007 sales data in Old Town Alexandria:
| | July 2007 | June 2007 | % Change |
| Total Sold Dollar Volume | $41,976,562 | $40,118,143 | 4.6% |
| Average Sold Price | $617,302 | $581,422 | 6.2% |
| Median Sold Price | $557,750 | $530,000 | 5.2% |
| Total Units Sold | 68 | 69 | -1.5% |
| Average Days on Market | 86 | 79 | 8.9% |
| Average List Price for Solds | $660,451 | $601,580 | 9.8% |
| Average Sales Price as % of List Price | 93.47% | 96.65% | |
Homes in Old Town are taking slightly longer to sell, and buyers are able to negotiate better deals on these properties, but overall sales are up as well as prices.
Old Town Alexandria Homes on the Market:
There are currently 239 homes on the market in Old Town Alexandria ranging in price from $182,000 to $3.9 million with an average listing price of $754,820.
In love with the "Old World" charm of Old Town Alexandria? Try one of these on for size:
6 homes on the market in Old Town Alexandria are 200 or more years old. The oldest house currently for sale is at 215 Royal Street (just a block away from our Old Town Alexandria RE/MAX Allegiance office). It was built in 1760 and is 247 years old -- currently listed for sale for $1,295,000. Authentic Old Town!
On the other hand, do you want to live in the Old Town vicinity but have the pleasures of a brand new home? There are several still under construction at the popular Potomac Greens neighborhood.
CLICK HERE TO START YOUR SEARCH FOR AN OLD TOWN ALEXANDRIA HOME
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Wow, that sounds like a dream. Thanks for sharing!!!