Condos For Sale In Alexandria | Market Update June 2018

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

Condos For Sale In Alexandria | Market Update June 2018

The condo market in Alexandria remains strong. The number of condos sold saw an increase as compared to last month but, the sale to list price ratio slightly decreased. It’s still over 97% which is very strong but, the typical early summer lull did play a role in stats for June.

Condo Sales In Alexandria 

June 2018 Condo Sales in Alexandria

•Number of Sales: 212 (increase from 186 in May)

•Highest Priced Sale: $1,284,500

•Lowest Priced Sale: $113,490

•Median Sales Price: $272,543 (decrease from $278,750 in May)

•Median Days on Market: 14 (increase from 10 in May)

•Median Sale to List Price Ratio: 97.88% (decrease from 98.42% in May)

Alexandria Condos Sales 

How Does June 2017 Compare to June 2018?

222 condos sold in June 2017 – more than this year but, not by many. Median sale price saw very little change, $269,875 in 2017. Days on the market differed by just a day, 13 in 2017 and median sale to list price ratio remained consistent, 97.78% in 2017. Overall there was very little change in the market from this time last year.

6 Month Sales Volume Comparison

Alexandria Market Update Condo Sales


Current Condo Inventory in Alexandria

There are 306 condos for sale in Alexandria, slightly less than inventory levels this time last month. Inventory still remains low but, now that summer is officially upon us we have seen the market slow a bit. This is very normal, school is out and it’s vacation time! That doesn’t mean the seller’s market has ended though, it hasn’t. Sellers do however need to be cautious of overpricing their homes, buyers spot an overpriced home quickly and the market will react in the form of it sitting on the market. Buyers are savvy and respond positively to homes that are properly priced and reasonably updated. Days on the market are still very low at 14 which shows us that homes are still moving quickly. Interest rates continue to creep up along with home prices and many buyers are acting now to avoid being subjected to higher interest rates in the months to come. 


Alexandria Condo Market Update


If you’re buying a home the current market you still need to be prepared to act quickly. There are exceptions to everything but, in general with condos moving quickly it’s not a good idea to not be ready to make an offer. By that we mean to have your pre-approval in hand and team up with an agent that has full-time availability and local expertise. A multiple offer situation is possible and you need an agent who knows how to navigate competitive waters. Taking a few days to think about making an offer can still mean the condo is already under contract.

Alexandria Condo Market Update 

If you’re a seller in Alexandria pre-marketing your condo before it goes on the market is a must. It lowers the days your home is on the market and gets the attention of buyers before its show time. Having buyers waiting to tour your condo the day it goes active sets the stage for a successful sale. The more interested parties, the higher the demand. No matter what the market conditions pricing is and always will be a key detail to selling a home quickly for top dollar. Do not be the home that’s overpriced and sits on the market turning into what we like to call stale bread. No one pays top dollar for stale bread. The details of preparing your home for sale, properly pricing it, and launching the right marketing plan will take you from listed to sold in the shortest time possible for the highest sale price possible. Interview agents and select someone you trust and who has a proven track record not just selling homes but, selling them for top dollar.


Alexandria Condo Sales


To receive a free estimate on what your condo is worth in the current market visit our free home value tool


If you’re buying or selling a condo in Alexandria and have questions reach out to us and let’s connect. We’re always happy to answer questions!


Browse Alexandria Homes For Sale



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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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, looks like your inventory is increasing too.   Nice for buyers to now have a few more options.  Great report for condos in Alexandria.

Jul 23, 2018 06:40 AM #1
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Alexandria condo sellers will be in very good hands when they select you as their listing agent.

Jul 23, 2018 06:49 AM #2
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Amanda, I see buyers will have more choices now but they still need to call you for the best service and representation.

Jul 23, 2018 06:56 AM #3
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Amanda - I am sure there is lots of activity in condos in your metro area.  That highest price one must be a penthouse with a view of DC.

Jul 23, 2018 07:28 AM #4
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

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

Jul 23, 2018 07:44 AM #5
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

When I want to know more about condos in Alexandria, I scoot right over to your blog!

Jul 23, 2018 07:48 AM #6
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Amanda S. Davidson - You and your team are the obvious choice in the Alexandria VA market. Your clients know they can trust you to help them buy or sell real estate and that is why you are the leader in your market. 

Jul 23, 2018 08:01 AM #7
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Amanda, Lots of condos to sell in your area till you get a vacation  hahaha.  Make it a great day!

Jul 23, 2018 08:05 AM #8
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

Amanda, You're the Alexandria VA expert and know all about the Real Estate market there. Buyers and sellers will be smart to call and work with you!

Jul 23, 2018 10:15 AM #9
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Amanda S. Davidson, it's a great help for home buyers and sellers to see a comparison year over year. Alexandria VA condo buyers and sellers would be wise to select you when the time comes.

Jul 23, 2018 02:01 PM #10
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Amanda looks like the inventory is increasing, now it is more critical for buyers and sellers to get expert advice, Endre

Jul 23, 2018 06:27 PM #11
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 condo real estate market in Alexandria.

Jul 24, 2018 05:54 AM #12
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! 

Jul 24, 2018 10:00 AM #13
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Looks like things are looking up in your area and inventory is increasing.  Thanks for sharing!

Jul 25, 2018 07:33 AM #14
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Alexandria Virginia Homes For Sale
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