Kingstowne in Alexandria VA Market Report June 2015

By
Real Estate Agent with Amanda Davidson Real Estate Group Brokered By eXp Realty 0225221517

Kingstowne in Alexandria VA Market Report June 2015

Real Estate market data provided by Amanda Davidson of Living A Dream Real Estate.

Monthly sales comparison 2014 vs. 2015

*Data includes zip codes 22315, 22310

Kingstowne Market Report 

Detached Home Sales in Kingstowne June 2015:

•Number of Sales: 43 (increase from 29 in May)

•Highest Priced Sale: $819,000

•Lowest Priced Sale: $319,000

•Median Sale Price: $541,131 (decrease from $567,231)

•Median Days on Market: 19 (increase from 6)

•Median Sale Price to List Price Ratio: 97.44% (decrease from 97.62%)

 

The number of detached homes sold in Kingstowne saw another increase in June making this the fourth month in a row there has been an increase. The median sale price decreased a bit but, a bank owned sale and 2 smaller Cape Cod homes account for the majority of the change, without those sales the median sale price would have remained within $5k of where it was in May. Reviewing the same time period last year the number of homes sold saw a small increase this year – 27 in 2014 and 43 in 2015. Median sale price is $11,131 higher than this time last year and days on the market are higher this year – 7 in 2014 compared to 19 in 2015.

Townhouse Sales in Kingstowne June 2015:

•Number of Sales: 62 (increase from 47 in May)

•Highest Priced Sale: $638,000

•Lowest Priced Sale: $306,000

•Median Sale Price: $433,750 (decrease from $452,500)

•Median Days on Market: 12 (increase from 6)

•Median Sale Price to List Price Ratio: 98.41% (decrease from 98.84%)

 

The number of townhomes sold in Kingstowne increased again in June, this is the fourth month in a row there has been an increase. Days on the market went up by 6 days and the median sale price decreased $18,750. The median sale price was impacted by two short sales that closed and two townhomes that were only 2 bedrooms and less square footage than what you typically see. Without those factored in the median sale price didn’t deviate more than $5k from last month. Reviewing the same time period last year the number of homes sold was slightly higher this year - 58 homes sold in 2014 vs. 62 homes sold this year. The median sale price remained about the same, just $1,250 higher this year. Days on the market also remained consistent, 10 in 2014 and 12 in 2015. The townhouse segment of the Kingstowne market continues to experience an extreme seller’s market. There is less than 2 months of available inventory which makes it a great time list if you’re considering selling.  

 

Buyers: Whether you’re just starting to think about buying a home and aren’t sure where to start or if you’re interested in different neighborhoods and ready to start touring I want to be your agent. I am always available for questions and ready to put my expertise to work for you.

 

Sellers: Now is an ideal time to sell in Kingstowne. Low inventory paired with the right preparation and marketing for your home and the expertise of a local agent are the right combination for a successful sale. Contact me to find out how my marketing can take your home from listed to sold. I have years of experience in Real Estate and will work hard to exceed your expectations. I look forward to earning your trust and business.

 

703-431-3755 or amanda4210@yahoo.com 

 

To view homes for sale in Kingstowne please visit the link.

 

 

Posted by

 

Amanda Davidson Real Estate Group

 exp realty

 

 

      

 

AMANDA DAVIDSON  
l ASSOCIATE BROKER l  
l AMANDA DAVIDSON REAL ESTATE GROUP BROKERED BY eXp REALTY l

C  703.431.3755   |   O  703.988.3151  |   W  www.amandadavidson.com

A  20130 Lakeview Center Plaza #400 Ashburn, Va 20147




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Rainmaker
2,325,015
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Amanda: The Kingstowne real estate market remains hot...good to see sales continuing to go up!

Jul 31, 2015 12:07 AM #1
Rainmaker
3,246,166
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Very nice market report Amanda...I hope they are bringing you tons of business!

Jul 31, 2015 12:11 AM #2
Rainmaker
3,481,861
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Amanda -- lots of great insight in your Kingstowne market report -- you have an excellent handle on the Alexandria VA real estate market.  

Jul 31, 2015 12:54 AM #3
Rainmaker
4,210,868
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, Kingstowne sure is going crazy with real estate!   You must be loving it!  Great market report, and hope you have a wonderful weekend!

Jul 31, 2015 06:18 AM #4
Rainmaker
3,256,092
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Nice that sales are going up. Always like to read positive Real Estate news for Alexandria VA!

Jul 31, 2015 06:48 AM #5
Rainmaker
4,797,927
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Amanda.  Thanks for keeping us informed about the Kingstowne real estate market in Alexandria VA.

Jul 31, 2015 09:42 PM #6
Rainmaker
1,528,844
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you all for your comments! I am thrilled with the market right now and hope it continues into the Fall!

Aug 01, 2015 02:45 AM #7
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Rainmaker
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Amanda S. Davidson

Alexandria Virginia Homes For Sale
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