Special offer

Alexandria Virginia Condos - 30 Day Market Comparison Report - August 2011

By
Real Estate Agent

Alexandria Virginia Condos - 30 Day Market Comparison Report -  August 2011

 

Alexandria CondosAugust 2011:  In the month of August, 110 new condo listings were added to the MLS (multiple listing service) in Alexandria. These listings include a total of 52 new condo listings in Alexandria's Fairfax County and 58 new condo listings in the City of Alexandria. Of these new listings, a total of 71 units remain active.  This list includes 36 new condo listings in Alexandria, Fairfax County and 35 new condo listings in the City of Alexandria.  

 

The total number of Alexandria condo units sold in the month of August was 107.  Of the 107 units sold, 37 units sold in Alexandria, Fairfax County and the remaining 70 units were sold in the City of Alexandria.  Compared to a total of 94 condo units sold in July, the number of condo sales in Alexandria continues to rise.  With interest rates remaining at record lows and condo prices more affordable than ever, I believe it is the perfect time to buy a condo in Alexandria, Virginia.  

 

July 2011:  For the purposes of comparisons, a total of 127 new condo listings were added to the MLS during the month of July.  These listings included a total of 40 new condo listings in Alexandria, Fairfax County and 87 new condo listings in the City of Alexandria.  The total number of condominiums sold in July was 94.  Of the 94 units sold, 30 units sold in Fairfax County Alexandria and 64 units sold in the City of Alexandria.

 

Alexandria CondosPrice Comparisons:  The average sales price for the 107 condominiums sold in August was $227,277. Units sold ranged from an efficiency condo sold at $60,000 to a luxury 3BR, 3.5BA unit sold at $755,000.  The average sales price for the 94 units sold in July was $260,621.  Price points range from a 1BR, 1BA unit sold at $40,000 to a luxury 3BR, 3.5BA condominium sold at $1,015,000.  

 

Based on the average price points for the months of July and August, condominium prices in Alexandria remain relatively consistent with a few minor variations per neighborhood and location.  If you are considering buying a condo in Alexandria, I strongly believe that now is the time!  Whether you are a first-time home buyer or a seasoned home investor, Alexandria has a wide range of condos priced to suit any budget!

 

To preview a complete list of available condos throughout Alexandria, simply click the link to browse Alexandria condos now.  If you have questions or would like to schedule a showing, please contact me for assistance. 


For additional information or to see what condo units are selling for in your neighborhood, please visit the following links:


 

Posted by

Buying or selling your next home in northern VA or MD? Let's get started today.

 

Lisa Dunham, MBA
Associate Broker
Keller Williams Realty Alexandria-Kingstowne
703.562.1800 (office)  |  703.298-6546 (direct)
Licensed in VA, MD
www.LisaDunham.com
Download my Mobile App

 

  Search the MLS       LinkedIn    Facebook    Twitter     Google Buzz   

Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Lisa. Condos seem to be a hot market in your area right now. Nice 30 day comparisons with your Market Reports for Condos. The good news is they are selling, and the prices seem to be very consistent.

Sep 08, 2011 06:27 AM
Lisa Dunham
Alexandria, VA
Associate Broker, Alexandria Virginia Real Estate

Yes Jerry, the condo market in Alexandria is pretty stable at the moment.  Alexandria is normally a relatively pricey area, but condo prices are very affordable these days...even for the 1st time home buyer.  With interest rates holding steady as well, it is the perfect time to buy a condo in Alexandria!

Sep 12, 2011 09:26 AM
Digital Digital
Alachua, FL
full service

Hi Lisa,
Nice market stats report. Based on your report it seems like a good time to buy a condo in Alexandria.
Hope this report reaches and nudges some first time buyers to call you.
Keep up the good work!

Sep 14, 2011 03:31 PM
Lisa Dunham
Alexandria, VA
Associate Broker, Alexandria Virginia Real Estate

Thanks Wandanna!  Yes, it is a great time to buy a condo in Alexandria.  In a strong seller's market like we have seen in the recent past, many first time buyers were priced out of the Alexandria housing market.  However, it is definitely a great time to purchase in Alexandria!

Sep 14, 2011 03:44 PM