Alexandria Virginia Condos - 30 Day Market Comparison Report - August 2011
August 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.
Price 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:
- Active condo listings in Alexandria
- Alexandria condos under contract in August 2011
- Alexandria condos sold in August 2011
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