Manchester Lakes Real Estate Market Report For August 2010 |
Condos and Townhome Activity
Manchester Lakes condo inventory is noticeably on the rise. Right now, there are 22 active condos for sale. In the past 30 days, only one condo has gone under contract. With over 20 other homes to choose from, one has to wonder what the buyer's motivation was to overlook the others.
In the townhome market of Manchester Lakes, four homes are currently for sale. And the pricing is evenly distributed with two homes in the $200,000′s and two homes in the $300,000.
The spike in condo inventory could be cause for concern. If these units continue to stay on the market, and eventually go unsold, we could see an increase in the distressed property market. With current interest rates below 5%, it could be that active buyers are comparing Manchester Lakes to newer communities, or communities closer in. I'm still biased, though. As a former Manchester Lakes homeowner, I always brag about the benefits of the community, including the amenities and proximity to shopping and metro.
Selling Your Manchester Lakes Home: Find Out What Your Home Is Worth
Buying In Manchester Lakes: See Manchester Lakes Homes For Sale
This article was originally posted in my outside blog.
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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Looking for short sales in Alexandria Virginia? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in real estate homes for sale in the beautiful Alexandria VA communities of Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes including condos, townhomes, and single-family homes for sale.
Call me at 703-623-8759.
Be sure to visit my website where you can Search MLS Listings of ALL Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.
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