Realtor - Amanda S. Davidson

Kingstowne in Alexandria VA Market Report June 2014

Kingstowne in Alexandria VA Market Report June 2014

Real Estate market data provided by Amanda Davidson of Living A Dream Real Estate.

Monthly sales comparison 2013 vs. 2014

*Data includes zip codes 22315,22310

Kingstowne Homes Sales

Detached Home Sales in Kingstowne June 2014:
•Number of Sales: 27
•Highest Priced Sale: $890,000
•Lowest Priced Sale: $348,000
•Median Sales Price: $530,000
•Median Days on Market: 7
•Median Sale Price to List Price Ratio: 97.89%

The number of detached homes sold in Kingstowne during June remained the same as compared to May. The median sale price increased by $15,000. Seller subsidy remained at zero which has been a consistent trend for over a year. Days on the market dropped down by 2 as compared to May. The low days on the market has been a trend over the past 3 months. Sale to list price ratio remained strong at over 97%.

Townhouse Sales in Kingstowne June 2014:
•Number of Sales: 58
•Highest Priced Sale: $615,000
•Lowest Priced Sale: $300,000
•Median Sales Price: $432,500
•Median Days on Market: 6
•Median Sale Price to List Price Ratio: 99.32%

The number of townhomes sold during the month of June increased by 9 as compared to May. Median sale price remained about the same, up by $2,500 and median days on the market decreased by one day, down to just 5. Sellers continue to see almost 100% of list price with zero seller subsidies.

In June the Kingstowne Real Estate market for both detached homes and townhouses continued to be a seller’s market. With that said sellers need to be mindful that inventory is up as compared to last year and the necessity to hire a local agent that knows their neighborhood and who can show them what they need to do to properly prepare their home for the market is imperative. It can be the difference in being on the market for a very short period of time vs. the property sitting for weeks. Buyers can take advantage of having more homes to pick from but, this doesn’t mean the market is conducive to waiting to make an offer or giving a low ball offer. Homes that are properly prepared for sale and priced well are moving quickly and often going for at or above list price. It continues to be a great time to both buy and sell but, it takes an experienced agent representing you in order to be successful.

If you’re considering selling your Kingstowne home I welcome the opportunity to work with you. I am experienced in the Kingstowne market and have the knowledge to help you get your home sold. 703-431-3755 or amanda4210@yahoo.com

Interested in buying a home in Kingstowne? Please visit the link to see current Kingstowne homes for sale or contact me to setup a custom listing alert that will automatically notify you when new homes enter the market.

 

 

 

 

 

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Living A Dream Real EstateTwitterLiving A Dream Real Estate FacebookLinked In Amanda S. DavidsonAmanda S. Davidson - Featured on WUSA9
Co-Owner/Broker Living A Dream Real Estate

12700 Fair Lakes Circle Suite 110

Fairfax, Virginia 22033

Cell: 703-431-3755
Fax: 703-562-7057
Web: www.livingadreamrealestate.com

13 commentsAmanda S. Davidson • July 14 2014 05:42AM
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