Kingstowne Market Update June 2018 Home Sales

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

Kingstowne Market Update June 2018 Home Sales

The real estate market in Kingstowne saw strong sales again in June. Days on the market remain extremely low and sellers are experiencing a strong sale to list price ratio.

Kingstowne Market Update 

Let’s check in on what happened in the Kingstowne market during June 2018.

•Number of Sales: 59

•Highest Priced Sale: $860,000

•Lowest Priced Sale: $270,000

•Median Sales Price: $512,500

•Median Days on Market: 7

•Median Sale Price to List Price Ratio: 99.42%

Kingstowne Market Report 

To gain some perspective let’s look back and compare to June 2017.

•Number of Sales: 79

•Highest Priced Sale: $825,000

•Lowest Priced Sale: $210,500

•Median Sale Price: $452,500

•Median Days on Market: 7

•Median Sale Price to List Price Ratio: 99.04%

 

Kingstowne Market Report

 

Is It A Buyer’s Or A Seller’s Market?
The seller’s market continues in Kingstowne. Seller's continue to enjoy an almost 100% sale to list price ratio and with inventory remaining low the market still favors sellers.

Current Inventory In Kingstowne

There are currently 59 homes for sale in Kingstowne. Very little change from this time last month. The Kingstowne real estate market is strong and homes continue to move quickly. It’s a great time to be a seller in the area. What about being a buyer? In our opinion the time to buy is now – waiting will cost you more in the form of higher rates (although slowly they continue to rise) and a higher price on the home itself. Being a buyer in a seller’s market means you have to be prepared to act quickly and put your best foot forward. While there are always exceptions, in general, this market is not conducive to much if any negotiation. Often times it takes offering above list price to be successful. Multiple offers are very common and in turn, that means as a buyer you need to submit your highest and best offer upfront. Make it as appealing to the seller as you possibly can. Working with an agent who has full-time availability to work with your schedule and the expertise to guide you through the current market conditions Kingstowne is experiencing is imperative.

 

Kingstowne Market Report

 

If you’d like to know more about the Kingstowne real estate market or have questions about buying or selling reach out to us. We are a small boutique brokerage focused on personalized service. We’re located in Hilltop Village Center near Wegmans and always welcome the opportunity to help.

 
Hilltop Village Center

Find out the value of your Kingstowne home here – free estimate. Our home value tool is just a guide if you are looking for an accurate analysis of the current value of your home nothing replaces the expertise of a local agent with years of experience selling homes. 

 

See homes for sale in Kingstowne


Kingstowne May 2018 Market Update 

 

 

 

Posted by

 

Amanda Davidson Real Estate Group

 

 

      

 

Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

5680 King Centre Drive #600
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




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Rainmaker
978,313
Joyce Marsh, Daytona Beach Florida Real Estate
JOYCE MARSH REAL ESTATE LLC - Daytona Beach, FL
Daytona Beach Area Coastal Homes and Lifestyles

Your local reports and updates are very helpful for those looking to buy or sell real estate and are always filled with lots of valuable info. Thanks for the update Amanda. 

Jul 18, 2018 06:27 AM #1
Rainmaker
803,735
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us 

Have a great day.

07/18/2018. 

Jul 18, 2018 06:34 AM #2
Rainmaker
2,233,114
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You are definitely the go to gal for Kingstowne, people would be doing themselves a disservice by not calling.

Jul 18, 2018 08:07 AM #3
Rainmaker
1,594,353
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for sharing your market information with us - you always provide excellent knowledge of your area

Jul 18, 2018 08:44 AM #4
Rainmaker
4,966,524
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Jul 18, 2018 08:46 AM #5
Rainmaker
1,698,061
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Amanda - I totally agree with your market analysis which seems to be true of most areas. It is the best time to sell or buy.  So if someone is ready don’t wait!

Jul 18, 2018 11:24 AM #6
Rainmaker
3,002,592
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

Oh my Amanda, the average days on market is 1 week in Kingstowne...that is really, really good!

Jul 18, 2018 03:22 PM #7
Rainmaker
3,834,134
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, you are the expert in Kingstowne, and WOW, Sellers are still seeing 100% to list price, good job! 

Jul 18, 2018 04:59 PM #8
Rainmaker
4,317,133
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.

Jul 19, 2018 03:14 AM #9
Rainmaker
1,430,964
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you all so much! It really is the best time to buy or sell. That's a big conversation I am having with clients this year. I'm dialed into the market more than ever, very interesting times watching days on the market and inventory continue to be so low!

Jul 19, 2018 04:59 AM #10
Rainmaker
4,636,381
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 Kingstowne real estate market.

Jul 19, 2018 05:49 AM #11
Ambassador
1,687,648
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

The stats over last year are sure interesting. The prices reflect the demand very well, don't they?  Agree with the rest- you are dialed into the market and both buyers, and sellers, can greatly benefit by hiring you. D 

Jul 20, 2018 06:19 AM #12
Rainmaker
2,896,629
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great information...happy Monday and make it a successful week!

Jul 23, 2018 07:45 AM #13
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Amanda S. Davidson

Alexandria Virginia Homes For Sale
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