We haven't done specific zip code market reports in a few months but it seems like a good time to revive the practice. The October 2010 Real Estate Market Report for Old Town Alexandria in Zip Code 22314 shows gains in sales prices and a dramatic decrease in the number of days on the market.
October 2009 had 47 sales while October 2010 had a decrease of 22 percent with 37 sales. At the same time the average sales price in October 2010 increased 9 percent over sales in October 2009.
The biggest change was in days on the market with a 33 percent decrease (this is a good thing!) from October 2009 to October 2010.
| October Old Town Alexandria 22314 |
2009 |
2010 |
| Av. List Price |
$588,123 |
$648,254 |
| Av. Sold Price |
$575,012 |
$628,194 |
| Low List Price |
$239,000 |
$279,000 |
| Low Sold Price |
$215,000 |
$269,000 |
| High List Price |
$1,149,000 |
$1,970,000 |
| High Sold Price |
$1,149,000 |
$1,900,000 |
| # of Home Sales |
47 |
37 |
| Av. Days on Market |
92 |
60 |
For more details about what the market is doing in zip code 22314 or for a customized CMA (comparative market analysis), call me at 703.927.4554.
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