Realtor - Amanda S. Davidson

Kingstowne in Alexandria VA Market Report May 2014

Kingstowne in Alexandria VA Market Report May 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 Home Sales May 2014

Detached Home Sales in Kingstowne May 2014:

•Number of Sales: 27

•Highest Priced Sale: $898,000

•Lowest Priced Sale: $349,900

•Median Sales Price: $515,000

•Average Days on Market: 9

•Average Sales Price to List Price Ratio: 98.08%

The number of detached homes sold in Kingstowne during May decreased by 6 as compared to April. The median sale price decreased by $15,000. From March to April the median sale price saw a huge increase due to two million dollar sales closing. May’s median sales price is more accurate of what the 3 month median sale price shows – 517,500. One month’s data doesn’t always depict the true story behind the numbers. Sellers are seeing a little over 98% of sale to list price and the days on the market remain low.  

Townhouse Sales in Kingstowne May 2014:

•Number of Sales: 49

•Highest Priced Sale: $615,000

•Lowest Priced Sale: $300,000

•Median Sales Price: $430,000

•Average Days on Market: 6

•Average Sales Price to List Price Ratio: 99.46%

The number of townhomes sold during the month of May increased by 10 as compared to April. The median sales price decreased by $10,000 and median days on the market also decreased. Sellers are seeing almost 100% of list price with zero seller subsidies.

In May the Kingstowne Real Estate market for both detached homes and townhouses remained a seller’s market but, inventory has increased since April and gives buyers more opportunity to find the right house. Sellers that prepare their home for sale and properly price it according to the market are often still experiencing multiple offers but, those that have priced their homes too high are seeing them sit due to the increased inventory. It continues to be a great time to both buy and sell but, it takes the right agent representing you in order to be successful in the current market conditions. Year to date the market isn't as frenzied as we experienced in Spring/Summer of 2013 but, with the slow start due to the harsh winter it will be interesting to see if strong sales continue later into the year.

If you’re considering selling your Kingstowne home give me a call or send me an email to talk about how I can help you attain your Real Estate goals. I welcome the opportunity to work with you. 703-431-3755 or amanda4210@yahoo.com

To view homes for sale in Kingstowne please visit the link 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

20 commentsAmanda S. Davidson • June 12 2014 06:29AM
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