HOW DO 2010 HOME SALES STACK UP AGAINST 2009 HOME SALES AT TOWNES AT CAMERON PARKE?
In my most recent post on year to date home sales in TOWNES AT CAMERON PARKE, I mentioned that 18 townhomes in this Alexandria, VA neighborhood had recently sold.
How does that stack up to 2009?
Well, in 2009, a total of 11 townhomes sold the entire year, ranging in price from $412,000 to $578,500. On average, the price of a townhome sold in TOWNES AT CAMERON PARKE in 2009 was $507,286, with an average of 22 days on market.
Fast forward to 2010, which has seen 18 sales in this neighborhood already this year, with prices ranging from $418,000 - $595,000, with an average of 30 days on market. The average price of a townhome in TOWNES AT CAMERON PARKE so far this year is $494,806
While it is tempting to look at the average price of each of these two years and draw the conclusion prices have dropped slightly, further examination shows that is not really true when you factor in the differences between the homes sold in each of the two years.
The types of homes that sold last year was a somewhat different mix. For example, every townhome that sold in 2009 had a 2 car garage, which is not true in 2010 - 17% of the homes sold in 2010 have had a 1 car garage (and this means they are among the smallest floorplans in the neighborhood) which can account for the difference in average price. In both years, the sales of 4 level homes vs 3 levels accounted for the lion's share of the sales.
So, it appears that in the past 18 months, at least, prices - and demand - have been holding steady in TOWNES AT CAMERON PARKE with the average price up over the 2008 figure of $479,394 when average days on market at 69 days was more than twice what it is today.
If you are looking for a spacious and stylish 2, 3 or 4 bedroom townhome in a spectacularly convenient Alexandria location near public transportation, shopping and Old Town Alexandria, look no further than TOWNES AT CAMERON PARKE.
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