Realtor - Amanda S. Davidson

Condo Sales in Alexandria, VA – Market Update February 2016

Condo Sales in Alexandria, VA – Market Update February 2016

Sales picked back up again in February after low numbers in January. More condos were sold and the median sale price saw a healthy yet controlled increase. Days on the market inched up and sale to list price ratio saw very little change. Now that the worst of Winter is behind us I expect statistics to start to show that the current market is very strong, the increase in buyers has been substantial and sellers are currently seeing low days on the market when their condo is properly prepared for sale.

Alexandria Condo Sales 

February 2016 Condo Sales in Alexandria

•Number of Sales: 97 (increase from 79 in January)

•Highest Priced Sale: $1,360,000

•Lowest Priced Sale: $102,000

•Median Sales Price: $234,740 (increase from $224,000)

•Median Days on Market: 50 (increase from 46)

•Median Sale to List Price Ratio: 95.02% (decrease from 96.31%)

 

How Does February 2015 compare to February 2016?

There were 11 more condos sold this February than last year. The median sale price was higher last February by $28,260. Days on the market showed no change and the median sale to list price ratio remained consistent 2015 – 96.17% vs. 2016– 95.02%.

 

What Does This Mean For Condo Sales In Alexandria?

The condo market in Alexandria remains a stable market for the second month in a row. While sales increased from January to February the absorption rate remains at 4 months showing that the market is stable. Rates are incredible right now and the Spring market has really taken off. The increased activity will be reflected in March sales as things really got rolling the middle of February. Buyers are actively seeking their next home and sellers that started preparations early to be able to list in February are seeing low days on the market. A stable market is great for buyers and sellers alike – it’s a level playing field. Buyers are wise to start their home search now while inventory levels are higher than they will be in a couple months. Sellers need to be mindful that proper preparation for a sale remains imperative. Homes that are going under contract quickly all have similar characteristics – they show well, are priced according to the market, and are convenient for agents to bring their buyers for a tour. Hiring a local agent that is a professional marketer and negotiator is the right decision in order to obtain the highest sale price in the shortest time possible.

 

If you would like more information on condos in Alexandria I am always available for questions. I am well versed in the Alexandria real estate market and stand ready to assist buyers and sellers.

 

Buyers: To browse homes for sale in Alexandria please visit the link. If you see a property that interests you contact me for more information or to find out how to start your home search. I would love to learn more about your home buying goals.

 

Sellers: I am experienced in the Alexandria Real Estate market and welcome the opportunity to learn about your home. Contact me to setup up an in home consultation to discuss sale preparation and marketing strategies.



 

Amanda Davidson Real Estate GroupTwitterLiving A Dream Real Estate FacebookLinked In Amanda S. Davidson
Amanda S. Davidson 

Amanda Davidson Real Estate Group

Broker - Owner

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057



Comment balloon 15 commentsAmanda S. Davidson • March 06 2016 07:49AM
Condo Sales in Alexandria, VA – Market Update February 2016
share
Condo Sales in Alexandria, VA – Market Update February 2016 Sales picked back up again in February after low numbers in January. More condos were sold and the median sale price saw a healthy yet controlled increase. Days on the market inched up and… more
Greenwood Subdivision Springfield, Va 22150 – Sale Pending
share
Greenwood Subdivision Springfield, Va 22150 – Sale Pending 6349 Simmer Circle Springfield, Va 22150 Simmer Circle in the Greenwood subdivision is now pending. After a multiple offer situation my clients were thrilled to be the offer the seller… more
River Place One Bedroom Sold – Arlington Va 22209
share
River Place One Bedroom Sold – Arlington Va 22209 1121 Arlington Blvd #441 Arlington, Va 22209 This one bedroom, one bath unit is now sold and closed at River Place in the North building. My investor clients were able to secure this property before… more
Home For Sale in Huntley Meadows – Coming Soon
share
Home For Sale in Huntley Meadows – Coming Soon Coming Soon – 3714 Huntley Meadows Lane Alexandria, Va 22306 3714 Huntley Meadows Lane Alexandria, Va 22306 will be coming onto the market very soon. This brick front end unit townhouse is conveniently… more
Hayfield Farm Subdivision in Alexandria Va – Market Update 3. 1. 16
share
Hayfield Farm Subdivision in Alexandria Va – Market Update 3. 1. 16 Hayfield Farm in Alexandria Virginia is composed of 691 single family homes; construction of the neighborhood began in the mid 1960’s and the last homes were completed in 1972… more
Sold in Kingstowne, Alexandria VA 22315
share
Sold in Kingstowne, Alexandria VA 22315 Sold and Closed for $650, 000 - 6332 Alderman Drive Alexandria, Va 22315 This beautiful single family home in Kingstowne is now sold and closed. I couldn’t be happier for my past clients who have also become… more
Van Dorn Village Homes For Sale – Market Update 2. 25. 16
share
Homes For Sale in Van Dorn Village Alexandria, Va – Market Update 2. 25. 16 Van Dorn Village is composed of 295 townhomes. All of the homes are 3 levels, have 2-3 bedrooms and range from 1, 680 to 2, 875 square feet. Homes in Van Dorn Village were… more
Winning Over The Naysayers
share
Winning Over The Naysayers BoomTown has challenged us to write about our most common or most annoying objection we receive online. I’ve enjoyed reading the posts and get a positive feeling after seeing how many objections Rainer’s have overcome… more
Homes for Sale in Cameron Station Alexandria Va - Market Update
share
Homes for Sale in Cameron Station Alexandria Va - Market Update 2. 23. 16 Cameron Station is located off Duke Street in the west end of Alexandria. Composed of single family, townhomes, and condominiums the community was designed with an old fashioned… more
Kingstowne Home Sales Alexandria VA - January 2016
share
Kingstowne Home Sales Alexandria VA - January 2016 Real Estate market data provided by Amanda Davidson of Amanda Davidson Real Estate Group. Monthly sales comparison 2015 vs. 2016 *Data for zip code 22315 Single Family Home Sales in Kingstowne… more