Kingstowne in Alexandria VA Market Report July 2015

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

Kingstowne in Alexandria VA Market Report July 2015

 

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

Monthly sales comparison 2014 vs. 2015

*Data includes zip codes 22315, 22310

Kingstowne Home Sales 

Detached Home Sales in Kingstowne July 2015:

•Number of Sales: 37 (decrease from 43 in June)

•Highest Priced Sale: $945,000

•Lowest Priced Sale: $260,200

•Median Sale Price: $535,088 (decrease from $541,131)

•Median Days on Market: 21 (increase from 19)

•Median Sale Price to List Price Ratio: 96.93% (decrease from 97.44%)

 

The number of detached homes sold in Kingstowne saw a decrease from June to July. The number of homes sold decreased by 6; the first decrease in four months.  The median sale price decreased a bit but, only by about $6k. A bank owned sale accounts for the decrease in median sale price. Reviewing the same time period last year the number of homes sold saw a small increase this year – 33 in 2014 and 37 this year. Median sale price is $36,088 higher than this time last year and days on the market are higher this year –13 in 2014 compared to 21 this year. There are currently 91 active detached homes for sale in Kingstowne. It remains a seller’s market but, there are great opportunities available for buyers. The slight increase in inventory has given them more options to choose from while sellers still enjoy low days on the market and a strong sale to list price ratio.

 

Townhouse Sales in Kingstowne July 2015:

•Number of Sales: 64 (increase from 62 in June)

•Highest Priced Sale: $649,000

•Lowest Priced Sale: $280,350

•Median Sale Price: $427,500 (decrease from $433,750)

•Median Days on Market: 11 (decrease from 12)

•Median Sale Price to List Price Ratio: 97.97% (decrease from 98.41%)

 

The number of townhomes sold in Kingstowne increased again in July but, just by two homes. This is the fifth month in a row the number of townhomes sold has increased. Days on the market didn’t see much change, down by one day and the median sale price decreased slightly, down by a little over $6k. Reviewing the same time period last year the number of homes sold was slightly higher last year - 66 homes sold in 2014 vs. 64 homes sold this year. The median sale price saw a slight decrease this year, down by $8,500. Days on the market remained consistent, 12 in 2014 and 11 in 2015. With only less than 1.5 months of available inventory the townhouse segment of the Kingstowne market continues to experience a seller’s market. There are currently just 81 townhomes for sale and sellers that properly prepare their homes for sale and price the home according to the market are experiencing multiple offers and going under contract in just a couple days. Buyers need to be prepared to make an offer quickly and have an agent who can tour homes as soon as they enter the market in order to be successful in the current market conditions.

 

Buyers: Whether you’re just starting to think about buying a home and aren’t sure where to start or if you’re narrowing down neighborhoods and ready to start touring I welcome the opportunity to help you with your home search. I am always available for questions and have years of experience in the Alexandria real estate market.

 

Sellers: It remains a great time to sell in Kingstowne. Hiring the right agent is imperative for a successful sale. Contact me to find out how my experience and marketing can take your home from listed to sold. I am detail oriented and passionate about helping my clients achieve their goals. 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: Both buyers and sellers in the Kingstowne real estate market will appreciate all the detail you put into this market report.

Aug 30, 2015 11:19 PM #1
Rainmaker
4,210,935
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 Kingstowne in Alexandria, and 21 days on market is still very low!

Aug 30, 2015 11:19 PM #2
Rainmaker
3,481,924
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Amanda -- it appears while there are minor shifts, Kingstowne in Alexandria VA remains an extreme sellers market.  Both buyers and sellers need a local expert like yourself to help understand and win during these highly competitive times.  

Aug 30, 2015 11:34 PM #3
Rainmaker
3,286,729
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Amanda,  Great information as always for buyers and sellers.  Have a great day.

Aug 30, 2015 11:46 PM #4
Rainmaker
1,266,673
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Amanda S. Davidson 

Really nice report on the Kingstowne area. Have a wonderful week. 

Aug 30, 2015 11:51 PM #5
Ambassador
3,984,181
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

June and July looked really strong and I bet August will too. Nice report Amanda on the Kingstowne area.

Aug 31, 2015 12:16 AM #6
Ambassador
1,510,944
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good Monday morning VA Realtor Amanda S. Davidson -

Without question you are the real estate pro to contact for ones Kingstowne area! 

Aug 31, 2015 12:18 AM #7
Rainmaker
1,283,393
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning Amanda,

Good numbers for your area.

Would love to have the median price in this area!

Make yourself a great day.

Aug 31, 2015 12:35 AM #8
Ambassador
1,937,285
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Good for you getting these reports out, Amanda. And, Happy Monday - hope it's another stellar week for you. D 

Aug 31, 2015 12:56 AM #9
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

The days on the market at Kingstowne is so low. This must be a popular location Amanda!

Aug 31, 2015 05:42 AM #10
Rainmaker
1,729,393
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Very nice Amanda S. Davidson ....I like the trend and hope it continues through the rest of the year!

Have a great week!

Aug 31, 2015 09:07 AM #11
Rainmaker
2,535,777
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Kingstowne is such a popular area in Alexandria and you provide an excellent market report for those wanting to live there.  Buyers and sellers should be calling Amanda Davidson for all their real estate needs.

Aug 31, 2015 12:45 PM #12
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

Thanks Amanda.  You do a great job with keeping us updated on what's happening in the Kingstowne real estate market in Alexandria VA.

Aug 31, 2015 09:25 PM #13
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 everyone! I hope the trends remain consistent well into the fall. It will be interesting to see what takes place in the next couple months. Hope you all have a great week!

Aug 31, 2015 11:14 PM #14
Ambassador
1,770,095
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Well done Kingstowne in Alexandria VA market report Amanda. Well organized and easy to understand.

Sep 01, 2015 02:08 AM #15
Ambassador
1,471,250
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Kingstowne in Alexandra needs to call a knowledgable Realtor like Amanda S. Davidson for guidance and professionalism. 

Sep 01, 2015 10:51 PM #16
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 Noah and Toni!

Sep 01, 2015 11:40 PM #17
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