Condo Sales in Alexandria, VA – Market Update July 2015

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

Condo Sales in Alexandria, VA – Market Update July 2015

The number of condos sold in Alexandria decreased in July, down by 12 as compared to June. Median days on the market remained about the same, going up by just one. The median sale price also decreased in July. For the first time in four months the condo segment of the Alexandria market has shifted from a seller's market to a stable market. Less multiple offer scenarios resulted in July due to buyers having more condos to choose from. Sellers need to be mindful that condos that are going under contract quickly have three common characteristics; they are properly prepared for sale and show well, agents can easily schedule a tour for their buyers, and the condo is priced correctly.

Alexandria Condo Sales 

July 2015 Condo Sales in Alexandria

•Number of Sales: 168 (decrease from 182 in June)

•Highest Priced Sale: $702,500

•Lowest Priced Sale: $108,000

•Median Sales Price: $259,450 (decrease from $281,000)

•Median Days on Market: 22 (increase from 21)

•Median Sale to List Price Ratio: 96.75% (decrease from 96.99%)

 

How Does July 2014 compare to July 2015?

There were 7 more condos sold this July than in 2014 and the median sale price was higher last July by $20,450. Days on the market remained about the same 16 in 2014 vs. 22 this year. Median sale to list price ratio remained consistent 2014 – 97.82% vs. 2015 – 96.75%.

 

What Does This Mean For Condo Sales In Alexandria?

The condo market in Alexandria is stable and that’s good news for buyers and sellers. An increase in inventory has given buyers more options and in turn there are less bidding wars. Sellers who properly prepare their condo for sale and price it according to the market are still enjoying going under contract quickly and seeing a strong sale to list price ratio. Buyers still need to be prepared to make an offer when they find the right condo. This means being pre-approved and having an agent working on your behalf that can competently guide you on what to offer. Days on the market still remain low and there are plenty of buyers on the search for their next condo. The bottom line is it’s a great time for buyers and sellers in the condo segment of the Alexandria market but, as always it takes the expertise of a local agent to be successful.

 

Buyers: Whether you’re not sure where to start your home search or are ready to go out and tour I am ready to help. To browse homes for sale in Alexandria please visit the link or contact me to have a custom listing alert setup that will automatically notify you when new properties enter the market.

 

Sellers: If you are considering selling your Alexandria home I want to be your agent. I live, work, and play in Alexandria and have a proven successful track record representing sellers. Contact me to find out how my marketing and expertise will help your home go from listed to sold. I welcome the opportunity to earn your trust and business.

 

 

703-431-3755 or amanda4210@yahoo.com



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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Virginia Fairfax County Alexandria
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Tags:
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Rainmaker
3,472,767
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Amanda -- this post once again shows you are a local expert by discussing the subtle nuances of the condo segment of the Alexandria VA real estate market. That's very important.  Both to buyers and to sellers.  

Aug 13, 2015 02:47 AM #1
Rainmaker
1,266,567
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Amanda S. Davidson 

Nicely done and very detailed. Hope you have an enjoyable week 

Aug 13, 2015 05:13 AM #2
Ambassador
1,770,095
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Amanda, you do a very fine job on your Alexandria, VA market reports. What low market time too. A hot market.

Aug 13, 2015 02:35 PM #3
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 the great update for the condo market in Alexandria VA.

Aug 13, 2015 09:00 PM #4
Rainmaker
240,637
Faith LaRosse
Springer Realty Group - Wyomissing, PA
Serving Berks, Chester & Montgomery Counties

The Alexandria market is certainly very diversified.  Plenty of variety in types of properties available.  You are most definitely the expert in your area and would be my "go to" professional!  Have a great day!

Aug 13, 2015 09:09 PM #5
Rainmaker
1,528,444
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you all, the market is doing well and it's nice to have it balanced for buyers and sellers. A win-win for all!

Aug 13, 2015 11:23 PM #6
Rainmaker
2,534,201
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Amanda, another excellent market report for the Alexandria VA condo market. Hope you have a great weekend.

Aug 14, 2015 02:29 AM #7
Rainmaker
2,097,393
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Could it be that the number of available condos has decrease because Amanda S. Davidson sold them all? You're such a terrific Realtor and you really know how to clean house and get those condos sold whenever they are available! One yard at a time, you're unstoppable!

Aug 14, 2015 02:39 AM #8
Ambassador
3,984,175
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Our market is cooling down too and it is very typical for this time of the year. You present the facts very nicely Amanda.

Aug 14, 2015 11:53 PM #9
Rainmaker
4,202,556
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, great market update for the condos in Alexandria!   Know this is your niche, and Sellers should give you a call when ready to list their property.

Aug 15, 2015 12:15 AM #10
Rainmaker
1,528,444
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you Rebecca!

Patricia, thank you so much. I do my best and am so thankful for all my clients. 

Debbie, I agree, pretty typical for this time of year. Thank you!

Joan, thank you!

 

Aug 15, 2015 01:26 AM #11
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