As of today, November 11, 2007, there are 476 condos on the market in Alexandria, Virginia.  This represents 56% of the total inventory of homes currently available in the City of Alexandria.  During the month of October, 75  Alexandria condos sold, a slight increase from the 63 sales in September. 

In the first 10 months of the year, 900 condos sold in Alexandria, equating to a current supply of between 5.25 and 6.33 month supply of condos at the current absorption rates.  That represents a relatively balance market. 

The chart below shows the inventory of condos at some of the more popular condominium complexes in Alexandria:

Alexandria Virginia Condo Inventory

Learn more about some of these popular condominium communities:

All Inclusive Lifestyle at Watergate at Landmark in Alexandria

Condos with a View -- Carlyle Towers in Old Town Alexandria

Alexandria Condo for Sale at Mayflower Square -- Great Price for 2 bedroom condo

"Condo Canyon" -- Landmark Area of Alexandria has Loads of Condos for Sale

Northern Virginia Neighborhoods: An Introduction to Cameron Station, Alexandria

 

Here's a very important article that you should read if you plan on purchasing or selling a condo in Northern Virginia: 

What to Look for in Condominium Resale Disclosure Documents

 

Current average prices in Alexandria:

1 BR Condos -- 155 available, average price $262,855

2 BR Condos -- 256 available, average price $340,697

3 BR Condos -- 49 available, average price $496,781

 

Find our more about condo prices in Alexandria: Condos in Alexandria: How Much Do They Cost?

Click here to SEARCH FOR A CONDO IN ALEXANDRIA

 

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If you plan to purchase or sell a home in the Northern Virginia or D.C. area,
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6 Comments on Alexandria Virginia Condominium Inventory -- November 2007

NOV
12
2007
Localism Sponsor
Margaret Woda suggested folks look at your market reports as they were "masterpieces".  As I know market reports don't get a lot of comments, I just had to post one saying thanks to Margaret for the suggestion and kudos to you Brian for taking what is usually boring data and presenting the information in a way that is concise, clear, useful and fun to look at!
3:26pm • #1
NOV
13
2007
377,215 Points 59 Featured Posts Localism Sponsor Outside Blog Hit Router
LYNDA:  Thanks for stopping by and commenting.  I appreciate Margaret's kind words and have sent her an e-mail thanking her for sending you this way.  Let me know if you have any questions about market reports or graphs because I'd be happy to help in any way.
9:22am • #2
NOV
15
2007
699,165 Points 104 Featured Posts Localism Sponsor Outside Blog Hit Router
Brian- WOW, that is some great condo movement up there. I would have no idea that condos were moving so well in Alexandria. That is one hot market compared to this one! Katerina
2:59am • #3
442,340 Points 7 Featured Posts Outside Blog
Brian, I sense the market is beginning to improve regardless of what the doom and gloom folks have to say - I'm getting more phone calls in the past month or so, Karen
4:53am • #4
377,215 Points 59 Featured Posts Localism Sponsor Outside Blog Hit Router
KATERINA:  Despite what the press would have you believe, the condo market is actually quite stable here.  I have one going on the market in about 2 weeks, and although December tends to be even slower, I'm optimistic that with our pricing strategy, we should have a sale before too long.
6:23am • #5
377,215 Points 59 Featured Posts Localism Sponsor Outside Blog Hit Router
KAREN:  I get that sense as well.  It's not the boom of 2003/2004, but things are heating up a bit as we head into the colder months.  Thanks for your comment.
6:24am • #6

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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance

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