How Did Real Estate Sales Perform in Alexandria in March 2018?

By
Real Estate Broker/Owner with Amanda Davidson Real Estate Group 0225221517

How Did Real Estate Sales Perform in Alexandria in March 2018?
Seller's in Alexandria continue to have to negotiate very little if at all in the current market conditions. Days on the market remain very low and sales have been brisk. Supply is not keeping up with demand. Let's go over the numbers and then discuss the market.

Alexandria Market Report March 2018

 

Here are the stats for March 2018 in Alexandria…

•Number of Sales: 478 (an increase from 331 in February)

•Highest Priced Sale: $1,950,000

•Lowest Priced Sale: $85,000

•Median Sale Price: $479,975 (decrease from $516,000 in February)

•Median Days on Market: 11 (decrease from 21 in February)

•Median Sale Price to List Price Ratio: 98.48% (increase from 97.77% in February)

 To gain some perspective let’s go back and compare to March 2017…

•Number of Sales: 460

•Highest Priced Sale: $2,200,000

•Lowest Priced Sale: $95,000

•Median Sale Price: $453,000

•Median Days on Market: 12

•Median Sale Price to List Price Ratio: 98.27%

 Alexandria Home Sales March 2018

Comparing the same timeframe from the previous year allows us to analyze how the market has changed. Median sale price is up by 5.95% as compared to March 2017 – the number of homes sold and sale to list price ratio saw very little change. Days on the market also remained consistent.

Active Listings in Alexandria
As of today, there are 796 homes for sale in Alexandria. An increase from 750 at this time last month. Certainly not a big jump in inventory and not nearly enough to keep up with demand but, we’ll take any increase we can get in the current market conditions! The lowest priced property is a studio condo with 471 square feet listed at $109,000 and the highest is a 6 bedroom, 4.5 bath single family home with 8,145 square feet listed at $8,500,000. Current active listings in Alexandria have an average of 38 days on the market.

 

Alexandria Home Sales

 

Pending Sales in Alexandria
As of April 22, 2018 there are 811 homes under contract. Median days on the market for the homes pending in Alexandria is 9.

View homes for sale in Alexandria

 

Seller’s continue to be in the driver’s seat in the Alexandria real estate market. Knowing that it’s a seller’s market doesn’t erase the need to properly prepare a home for sale and price it correctly. Failure to do that will inevitably impact a seller’s bottom line. Making the best first impression when listing your home is critical to a successful sale for the highest price in the shortest time. Be the home that sets a record high selling price for the neighborhood, not the home that sits and becomes stale inventory. No buyer pays top dollar for a home that’s been sitting on the market.

 

Homes that sell quickly in Alexandria all have similar characteristics: they are clean and well maintained, reasonably updated, uncluttered, and they are priced according to the current market. As a seller, when you meet these conditions your home will not only stand out from the competition it will also have the best opportunity to sell for top dollar.

 

Alexandria Home Sales March 2018

 

Buyers have to be prepared to act quickly in the current market. Having a pre-approval in hand and working with an agent who has the flexibility to show a home that’s new to the market on short notice is a must. Days on the market continue to be extremely low and that leads to buyers needing to make a decision quickly if they want to make an offer on a property.

 

Reach out to Amanda at 703-431-3755 or email amanda@amandadavidson.com to talk about the marketability of your home. Market reports do a great job to provide general information but, nothing replaces a comprehensive market analysis from an agent who understands the intricacies of the Alexandria real estate market. Every home and its features influence where it should be priced. Achieving the maximum dollar for your home regardless of the current market conditions is always my goal. You need a full-service agent who has a successful track record not only selling homes but, selling them for top dollar!

 

 

Posted by

 

Amanda Davidson Real Estate Group

 

 

      

 

Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




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Topic:
Real Estate Market Trends
Location:
Virginia Fairfax County Alexandria
Tags:
alexandria
alexandria real estate
alexandria market report
alexandria housing report
home sales in alexandria

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Rainmaker
2,819,999
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thank you for sharing this information...Have a great Sunday too!

Apr 22, 2018 07:30 AM #1
Rainmaker
2,931,157
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Alexandria Real Estate market is hot, hot, hot Amanda. With days on the market low, and sales brisk, it's a great time for seller's to list with you now and get their homes and condos SOLD!

Apr 22, 2018 07:34 AM #2
Ambassador
1,635,360
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there, Amanda. Interesting to look at the stats. Sounds like the Spring market is in full swing in Alexandria. You are the one to hire for buying or selling. D 

Apr 22, 2018 07:42 AM #3
Rainmaker
2,116,202
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Sounds like it is a very good market and your report on it is definitely filled with all of the information one would want to know!

Apr 22, 2018 07:47 AM #4
Rainmaker
1,795,468
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Amanda S. Davidson - I support you and your Team 100% You take action and you are making a difference. Because of you, many have homes and are spending happier lives. Socially, your community is filled with opportunity!

Apr 22, 2018 07:57 AM #5
Rainmaker
2,742,100
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Amanda,  Great information for buyers and sellers and us here in the rain.  Glad you also did 2017 to compare.

 

Apr 22, 2018 07:58 AM #6
Rainmaker
1,622,972
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Amanda - good information to share.  It seems to be the same story everywhere and that is not enough inventory.

Apr 22, 2018 10:24 AM #7
Rainmaker
1,502,045
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Thanks for sharing the market information with us Amanda, it looks similar to March 2017.

Apr 22, 2018 12:21 PM #8
Rainmaker
3,561,848
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Amanda S. Davidson ,

Another quality report on the real estate market in in Alexandria! The market is definitely in full swing!!

Apr 22, 2018 05:44 PM #9
Rainmaker
2,628,495
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I kind of predicted the market will shoot up a little bit in the next three months. Don’t hold me to that, but yeah.

Apr 22, 2018 11:48 PM #10
Rainmaker
4,184,252
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Apr 23, 2018 05:11 AM #11
Rainmaker
4,477,966
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Amanda.  Thanks for the information and update about the Alexandria real estate market.

 

Apr 23, 2018 05:12 AM #12
Rainmaker
3,698,223
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, great market report for Alexandria, and there sure is wide variety of price ranges for buyers to choose from!   Give Amanda a call to utilize her expertise.

Apr 23, 2018 06:39 AM #13
Rainmaker
2,970,886
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Amanda - you know how to explain the local market in easy- to-understand and concise terms. Well-done.

Apr 23, 2018 11:00 AM #14
Rainmaker
2,860,445
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Amanda, I always loved Alexandria, do you cover Burke Virginia too? Endre

Apr 23, 2018 08:10 PM #15
Rainmaker
1,383,711
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you all for your comments, I appreciate you so much! It's very busy here and sure is a great time to sell.

Apr 24, 2018 05:33 AM #16
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