A total of 79 homes sold in Kingstowne in July 2012. Of the 79 homes sold 29 were detached single family, 37 were townhomes and 13 were condos.
July 2012 Median Sold Price:
The median sold price for single family homes in Kingstowne was $493,000 with 8 days on the market. A large increase from July 2011’s median sold price of $397,500 with 21 days on the market.
The median sold price for townhomes in Kingstowne was $409,000 with 11 days on the market. Slightly up from July 2011’s median sold price of $406,750.
There are currently 157 listings under contract and 224 active listings in Kingstowne.
Comparison: Kingstowne Homes Sold 2011 and 2012
Kingstowne Market Analysis:
Simply put, the Kingstowne market is hot! The numbers show that prices are rising so if you’re a seller that’s good news for you. Prices are similar to last month and inventory is a bit lower than June 2012 which is also a plus for you – less competition. If you’re a buyer don’t wait for them to keep going up. Take advantage of the interest rates that are still historically low, as in the lowest they have ever been in history. The longer you wait the more you’re going to spend to become a Kingstowne resident.
If you’re interested in buying or selling in Kingstowne contact me today. As a Kingstowne resident and local expert I’m ready to listen to your needs and guide you through your real estate endeavors. See homes for sale in Kingstowne.
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