Condos In Kingstowne | Market Update August 2018

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

Condos In Kingstowne | Market Update August 2018

Kingstowne is a planned community of over 5,300 homes but, because many locals consider 22315 the Kingstowne area that’s what we will be focusing on for the parameters of this market report.

Kingstowne Condos 

August 2018 Condo Sales in Kingstowne

•Number of Sales: 7

•Highest Priced Sale: $343,900

•Lowest Priced Sale: $193,000

•Median Sales Price: $299,000

•Median Days on Market: 6

•Median Sale to List Price Ratio: 99.69%

 

The condos that sold were located in Chancery of Kingstowne, Carrdinal Place, Eton Square, Stratford Place.

 

Kingstowne Condos For Sale

 

How Does August 2017 Compare to August 2018?

12 condos sold in August 2017 with a median sale price of $288,450. Days on the market were higher, coming in at 11 and the median sale to list price ratio was 98.63%. Lack of inventory plays a factor in fewer condos being sold this year. The median sale price is an indicator of what the market has been experiencing this year with a healthy increase of 3.6%.

Kingstowne Condos 

Kingstowne Condo Inventory

There are currently 15 condos for sale in Kingstowne. They range from a 1 bedroom, 1 bath with 742 square feet priced at $233,750 up to a 2 bedroom, 2 bath with 1,314 square feet priced at $354,997. There are also new construction condos for sale at The Crest Of Alexandria, a 55+ community located off Telegraph Road. Only a few condos remain and a late fall delivery is expected.
 

The inventory for Kingstowne condos remains low. Kingstowne as a whole is experiencing low inventory, you can read more about it in our neighborhood market update for August 2018. Condos that are properly priced, have a reasonable amount of updates, and show well are moving quickly. At the same time, even though inventory is low buyers are spotting an overpriced property quickly. If you are considering selling your Kingstowne condo do not try to chase the market and overprice it. Buyers just aren’t going for properties that are even remotely overpriced. As a seller, if your condo is priced correctly the market will react in your favor. When your options are creating demand for your property vs. becoming stale bread always opt to have demand!

Condos In Kingstowne 

If you’re looking to buy a condo in Kingstowne it’s important to understand that inventory remains low. When a new listing comes on the market if it shows well and is priced correctly it’s going to move quickly. It’s very likely that it will sell quickly and go for at or even above list price. Don’t delay in making an offer and rely on your agent for advice on how to negotiate and make your offer stand out to the seller. Each neighborhood within Kingstowne experiences different market conditions and its imperative to understand them before you decide on the terms of your offer.

Kingstowne Condos 

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

 

If you’re buying or selling a condo in Kingstowne and would like to work with an experienced agent reach out to us and let’s talk! We’re always happy to answer questions.

 

See condos for sale in Kingstowne

 

 

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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Topic:
Home Buying
Location:
Virginia Fairfax County Alexandria
Tags:
kingstowne
kingstowne real estate
condos in kingstowne
kingstowne condos
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Rainmaker
3,299,370
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great market information...you sure do keep folks updated!  Great job!

Oct 03, 2018 06:56 AM #1
Rainmaker
3,344,964
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Amanda,  Another great market report for buyers and sellers.  Hope you have a great day!

 

Oct 03, 2018 07:44 AM #2
Rainmaker
3,291,678
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

Amanda knows all about the condo market in Kingstowne in Zip Code 22315, and can help you with your Real Estate goals. Call her today!

Oct 03, 2018 07:57 AM #3
Rainmaker
2,083,911
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Amanda - you have made a very good case for sellers to stay with the market. The market always rules 

Oct 03, 2018 11:24 AM #4
Ambassador
3,984,686
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

You are the expert to call in Kingstowne. Thanks for another great report, Amanda.

Oct 03, 2018 06:38 PM #5
Rainmaker
4,798,170
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.

Oct 04, 2018 05:36 AM #6
Rainmaker
4,262,921
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 post for buyers to easily locate a condo in Alexandria, and they need to call you - the expert in the area with the knowledge to guide them through a smooth transaction! 

Oct 04, 2018 11:33 AM #7
Rainmaker
3,366,033
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Amanda... your knowledge of the Kingstowne housing market shines through in this report. Buyers and sellers should feel very confident in letting you assist them with a purchase or sale.

Oct 05, 2018 12:34 AM #8
Rainmaker
1,334,859
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Amanda S. Davidson - This is a market you and your team excel.  Buyers and sellers alike will appreciate all you have to offer in the Kingstowne area.  I love the fact that these buildings are so well maintained. Residents should be proud to own in any one of them. 

Oct 05, 2018 04:52 AM #9
Ambassador
3,601,077
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Another wonderful report on Kingstowne condos, Amanda! Your lack of inventory is similar to ours here in Charlotte. Great news on the median price increase as well...for sellers! 

Happy Friday!

Oct 05, 2018 06:05 AM #10
Rainmaker
4,432,589
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 

Oct 18, 2018 07:44 PM #11
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