Kingstowne Alexandria Single Family Homes Market Update (22315)

Kingstowne Alexandria Single Family Homes Market Update (22315)

Kingstowne is a popular Alexandria suburb located just 15 minutes south of Washington, DC.  Kingstowne is home to a beautiful selection of single family homes with plenty of amenities to please the select buyer. 

The library of single family homes currently available for sale in the Kingstowne area (zip code 22315), range from a moderately priced 2BR, 2BA home to a large 7BR, 4BA home at roughly twice the price.  If you are looking for the perfect single family home, Kingstowne-Alexandria has many homes from which to choose.  To browse a list of Kingstowne area single family homes available now, please click the preceding link. 

Kingstowne Alexandria Single Family Homes Update: As of 9/25/11, there are 31 single family homes for sale in the Kingstowne area.  Home prices range from $329,000 to $799,990.  Since 1/1/11, a total of 51 single family homes were sold in the Kingstowne area, including 3 short sales, 7 foreclosures, and 41 regular home sales.  The average sales price for the 51 homes sold was $546,265.  The average number of "days on market" was 46.

During the same time period in 2010, a total of 55 single family homes were sold in the Kingstowne-Alexandria zip code of 22315.  These homes included 3 short sales, 6 foreclosures, and 46 regular home sales with an average sales price of $560,370.  The average number of "days on market" was 34.

Comparing statistics for homes sold in 2011 with 2010, the number of units sold in 2011 decreased by 4 units.  The number of short sales remained the same, and the number of foreclosures increased by a single unit in 2011.  The average price of homes sold is separated by $14,105 with the higher number of averaged sales reported in 2010. However, a slight increase in the number of units sold was also reported in 2010 and a slight increase in foreclosures was reported in 2011.  Finally, the number of "days on market" increased from 34 days in 2010 to 46 days in 2011. 

Overall, the market for Kingstowne-Alexandria single family homes appears to be relatively stable.  The number of homes sold and the price of homes available for sale in 2011 is roughly the same as in 2010.  For prospective homeowners interested in buying a single family home in and around the Kingstowne-Alexandria area, now is the perfect time.  Interest rates remain at record lows and home prices appear to be stabilizing.  If you have been thinking about buying your next single family home in the Kingstowne area, why not get started today before home prices begin to rise.  Call 703-298-6546 or email me to get started now!