alexandria real estate blog: Alexandria Virginia Real Estate Market Snapshot for April 2010
- 04/20/10 08:04 AM
Here's a typical row of Historic townhouses in Old Town Alexandria. Notice the vibrant colors, American flag, and oval historic plaque. Just several of the things that I love about Old Town Alexandria.
So, what's happening today in the Alexandria, Virginia Real Estate Market?
Here's a snapshot of Alexandria Virginia home sales in the last 30 days from late March through now:
ALEXANDRIA VIRGINIA HOME SALES:
Active homes for sale: 648 -- 309 of those or almost half have just come on the market within the last 30 days! Alexandria Homes sold in the last 30 days: 143 Average Sales Price: $423,496 Median … (0 comments)
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alexandria real estate blog: How Many Homes for Sale? Housing Inventory in Alexandria, Virginia
- 02/12/09 07:12 AM
Real estate, like any other market, is all about supply and demand.
SUPPLY: As of February 12th, there are 606 homes on the market in Alexandria, Virginia.
DEMAND: In the last 30 days, 77 homes sold in the City of Alexandria. January and early February are traditionally very slow times for the Northern Virginia real estate market. At this pace, there'd be a 7.9 month inventory of homes on the market. However, I expect that the warmer Spring days will usher in a somewhat heated up real estate market (this REALTOR can hope, can't he? -- watch the video!)
Here are … (5 comments)
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alexandria real estate blog: A Guaranteed Way to Lose $54,528 When You Sell Your Home
- 01/08/09 05:33 AM
It goes without saying that when you sell your home, you want to sell it for the highest price in the quickest amount of time. The current environment of the real estate market already favors buyers and makes it more difficult than in past years to sell your home.
Don't make it even harder!
If you overprice your home, you'll face the daunting reality of losing out on up to $54,528 after your home languishes on the market for 9 months or more.
Yikes!
How did I come up with this figure? I thoroughly analyzed the sales of all homes in … (59 comments)
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alexandria real estate blog: Start Your Research Here -- Real Estate Information Source for Alexandria & Arlington, Virginia
- 08/21/08 02:48 AM
Searching around the internet for real estate information?
If you are like most people thinking about purchasing a home, you've started your search on the internet. Statistics from the National Associations of REALTORS point out that close to 90% of home buyers look to the internet first for information about homes, neighborhoods, and the real estate market.
There's a lot of information out there, and you've likely come upon multiple websites with an abundance of information. There's REALTOR.com, Trulia, Zillow, HomeGain, Housevalues, REMAX.com, just to name a few of the big ones. Then there's individual brokerage and agent websites. Not to … (7 comments)
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alexandria real estate blog: $3 Million Dollar House Cheaper than a Studio Condo? Absurdity of Price per Square Foot
- 06/13/08 09:25 AM
Does size matter?
Pull out your rulers, your tape measures, your sonic measurement devices and start doing some calculations.
When buying a home (or pricing your home for sale), the #1 criteria, as most everyone knows, is LOCATION. There's no dispute about that. What's next? How about size, condition, age, and amenities.
How much does size really matter?
Here's an example taken to the extreme:
There are two homes currently on the market in Old Town Alexandria -- one is a $3 million plus home with over 8,882 square feet of finished living space; the other, a studio condo priced at … (14 comments)
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alexandria real estate blog: Alexandria Virginia April 2008 Home Sale Hot Spots
- 05/06/08 11:33 PM
HOT SPOTS IN A COOLER MARKETALEXANDRIA HOME SALESAPRIL 2008 In April 2008, there were 150 home sales in the City of Alexandria. This was a precipitous drop from the 204 sales made during the same month of 2007. Sales prices ranged from $131,500 up to $1,650,000. The good news for Alexandria home sellers is that homes are selling relatively quickly, averaging just 60 days on the market! Additionally, while buyers are negotiating lower prices from the original asking price, the average net sales price of $474,678 for the month of April 2008 equates to Alexandria sellers getting 93.9% of their … (14 comments)
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alexandria real estate blog: Alexandria, Virginia (March 2008): Serving Up Some Statistics on Home Sales
- 04/17/08 12:20 AM
If you are thinking about buying or selling a home in Alexandria, Virginia, then you are no doubt hungry for data and statistics about the market. Just watching prices of particular homes and activity here and there is not enough since it only provides anecdotal evidence about what's going on in the market.
So, after you finish with appetizers and side dishes, take a bite out of the main course of statistics that I'm serving up today about the overall Alexandria Virginia housing market.
MAIN COURSE OF STATISTICS ON ALEXANDRIA MARKET:
Alexandria sales were down over 40% in March 2008 … (0 comments)
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alexandria real estate blog: If you want my love then take my advice... Adjust Your Price
- 04/08/08 11:33 AM
Can't you just picture Elvis strolling around town guitar in hand singing this line to all the sellers who have overpriced their homes?
In fact, if the real estate market were indeed personified as the late great Elvis Presley, the lyrics of Treat Me Nice would make perfect sense in today's buyer's market:
When I walk through that door Baby be polite You're gonna make me sore If you don't greet me right Don't you ever kiss me once, kiss me twice Treat me nice.
I know that you've been told It's not fair to tease So if you come on … (27 comments)
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alexandria real estate blog: Put a Spring in Your Step: Alexandria Homes on the Market
- 03/19/08 09:37 AM
Tomorrow marks the official first day of Spring in Alexandria, Virginia. Well, actually it's the first day of Spring everywhere in the Northern Hemisphere, but for purposes of this blog, we're only concerned with Northern Virginia and Washington D.C.
The next four months are typically the busiest real estate selling season in the entire year. It's a good time to focus in and take a look at the available inventory in various price ranges. Many more homes will likely be coming on the market in the next few weeks as the Spring market (and hopefully the weather) heats up.
As more properties come … (2 comments)
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alexandria real estate blog: Who Wants a Big Balcony? Alexandria Knolls West Condos have the Biggest!
- 01/15/08 09:11 AM
As an Alexandria, Virginia resident and REALTOR®, I get to see a lot of Northern Virginia condominiums. While few wish to be outside on a cold day like today (with snow flurries this morning), most of the year provides beautiful, temperate weather in Northern Virginia. One criteria that many condo buyers ask for time after time is a balcony, terrace or patio. Washingtonians as a group spend a lot of time inside at their high-pressured jobs, whether in the government or private sector. At home, in the evenings, or on the weekends, condo dwellers like to be able to … (21 comments)
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alexandria real estate blog: Alexandria Virginia Condominium Inventory -- November 2007
- 11/11/07 06:43 AM
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 … (7 comments)
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alexandria real estate blog: Northern Virginia Real Estate -- Buying a Single Family Home for $600,000 or Less
- 10/29/07 02:15 AM
People relocating to Northern Virginia often ask what type of home they can purchase in different price ranges. Other people who ask about this include current D.C. and Northern Virginia residents who have not been in the housing market for a while and potential investors from other parts of the country.
The median sales price of single family homes in Arlington and Alexandria that sold within the last 30 days was $675.000. In Fairfax County, the median sales price was quite a bit lower at $609,517.
The $500,000 to $600,000 price range represents about 21% of the currently available single family home … (6 comments)
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alexandria real estate blog: All Inclusive Lifestyle at Watergate at Landmark in Alexandria
- 10/17/07 02:50 PM
You can live the resort lifestyle without heading down to the Caribbean or out to Hawaii -- right here in Alexandria, Virginia within an easy commute to Washington, D.C.
Watergate at Landmark condos are situated less than 8 miles away from downtown D.C. in the West End of Alexandria in "Condo Canyon" The four 18 story condo buildings comprise 203, 205, 307, and 309 Yoakum Parkway between Edsall Road and Stevenson Avenue.
Sited on a hill overlooking Alexandria, the Watergate at Landmark condos offer the best array of amenities of any condo development in the area.
… (17 comments)
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