Say this five times fast: "Catch a Cool Cameron Station Condo While You Can." It's not a tongue twister -- it's real estate advice.
The holidays are over and you've decided to begin your home search in earnest. One of your New Year's resolutions may be to purchase a home in 2008. Due to dropping prices and rising inventory, You Might Actually Afford a Home in 2008.
Cameron Station ranks as one of Alexandria, Virginia's premier communities. The neighborhood is conveniently located off of Duke Street, with easy access to major highways I-395, I-495, and I-95. Less than a mile from the shopping of Landmark Mall and only 10 minutes from Old Town Alexandria, the community offers an easy commute for people working at the Pentagon, in D.C., or anywhere throughout the metro-D.C. area. Cameron Station offers a mix of condominiums, townhouses and several single family homes.
50+ acre Ben Brenman Park is adjacent to the community and most residents consider it their own beautiful backyard. Features of the park include softball, baseball and soccer fields, a lake with gazebo and fountains, a picnic pavilion with grills, bike and walking trails, a fenced dog park, and a child's playground.
Across Duke Street from the Cameron Station entrance is Charles E. Beatley Library, the main library for the City of Alexandria. A 24-hour CVS and Landmark Honda are also across the street. A new Harris Teeter grocery store is just down Duke Street.
Within Cameron Station itself, make sure to try the fabulous new eatery Food Matters, which serves a variety of organic and locally grown food.
As of January 4, 2007, there are 17 condominium units on the market in Cameron Station. These range in price from $329,000 to $524,000 with an average price of $421,076.
There are 1 bedroom, 2 bedroom, and 3 bedroom condos available. The Cameron Station condos have been on the market for an average of 77 days.
5 Cameron Station condos sold in December 2007 at an average sales price of $459,400. There remains some room for negotiation. The average final sales price in December represented a 4% discount from the original listing price.
Prices have generally been trending down slightly.
1st Quarter 2007 -- $452,190
2nd Quarter 2007 -- $451,073
3rd Quarter 2007 -- $434,147
4th Quarter 2007 -- $441,935
Current List Price -- $421,076
There are also 11 townhouses currently on the market in Cameron Station. These range in price from $545,000 to $850,000 with an average price of $694,245. 7 Cameron Station townhouses sold in December 2007, so you'll need to hurry to make an offer because inventories are low.
For more information on the Cameron Station community or more details about currently available homes in Cameron Station or anywhere in Northern Virginia, please call Brian Block, RE/MAX Allegiance, 703-626-0715 or contact Brian by e-mail.