Realtor - Amanda S. Davidson

Real Estate Market Update For Alexandria VA – August 2015

Real Estate Market Update For Alexandria VA – August 2015

Alexandria home sales experienced a decrease in the number of homes sold from July to August. It’s typical to see sales start to decrease this time of year. Buyers have a bit more inventory to choose from and sellers are still seeing a strong sale to list price ratio. Days on the market increased but, only by 2 days and the sale to list price ratio remained about the same.

Alexandria Home Sales 

The following is a review of activity in Alexandria during August 2015.

•Number of Sales: 481 (decrease from 538 in July)

•Highest Priced Sale: $3,875,000

•Lowest Priced Sale: $109,900

•Median Sales Price: $450,000 (decrease from $465,000 in July)

•Median Days on Market: 20 (increase from 18 in July)

•Median Sale Price to List Price Ratio: 97.49% (increase from 97.45% in July)

 

Let’s check in on the same time period in 2014. There were 484 homes sold in August 2014 and the median sale price remained the same. The median sale to list price ratio remained consistent as well 97.27% in 2014 vs. 97.49% in 2015. The days on the market remained consistent - 21 in 2014 vs. 20 in 2015. Overall there hasn’t been much change for August when comparing 2014 and 2015, the market remains strong in Alexandria.

 

Is It A Buyer’s Market or a Seller’s Market?

Right now it’s neither! It’s a stable market in Alexandria and that’s good news for buyers and sellers because the playing field is level. The small increase inventory and decrease in the number of properties sold has shifted the market to stable but, there’s just slightly over 3 months of available inventory so buyers need to be mindful it could easily shift back to a seller’s market. There are still properties that are only on the market for a couple days. Be sure to hire the right local agent that can successfully guide you through your home purchase. Seller’s should note that with the slight increase in inventory it is extremely important to properly prepare your home for sale. Having your home properly staged, priced according to the market, and easy to show from the moment it hits the market are all important factors to obtain the highest price is the shortest time possible.

 

Buyers: If you’re considering a home purchase in the Alexandria area I want to be your agent. I am always ready to get to work and welcome the opportunity to learn about your home buying goals. To see homes for sale in Alexandria please visit the link.


Sellers: Although inventory has seen a slight increase in Alexandria it is still a good time to sell. As we enter into the fall season less homes will be on the market which means less competition. Contact me for a free evaluation of the current value of your home or to discuss the current market conditions in your neighborhood.

 

 

 

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




Comment balloon 12 commentsAmanda S. Davidson • September 28 2015 07:38AM
Real Estate Market Update For Alexandria VA – August 2015
share
Real Estate Market Update For Alexandria VA – August 2015 Alexandria home sales experienced a decrease in the number of homes sold from July to August. It’s typical to see sales start to decrease this time of year. Buyers have a bit more inventory… more
Thankful Thursday – God Bless The U. S. A.
share
Thankful Thursday – God Bless The U. S. A. This past weekend I was out with friends at a local dueling piano bar – Bobby McKeys. It’s a wonderful time and they play all types of different music. The crowd gets to join in and the artists are not only… more
Kizuna Sushi and Ramen in Vienna, Va 22182
share
Kizuna Sushi and Ramen in Vienna, Va 22182 Kizuna Sushi and Ramen recently opened in Tysons Corner. Conveniently located just off Route 7; it’s a great place to grab a quick lunch or enjoy a relaxing dinner. I thoroughly enjoyed my time there from… more
Kingstowne in Alexandria VA Market Report August 2015
share
Kingstowne in Alexandria VA Market Report August 2015 Real Estate market data provided by Amanda Davidson of Living A Dream Real Estate. Monthly sales comparison 2014 vs. 2015 *Data includes zip codes 22315, 22310 Detached Home Sales in… more
Island Creek Subdivision in Alexandria 22315 – Market Update 9. 21. 15
share
Island Creek Subdivision in Alexandria, Va 22315 – Market Update 9. 21. 15 There are over 1200 homes in Island Creek, the neighborhood is composed of single family homes, townhouses, and two styles of condos; garden and townhouse style. Island Creek… more
Price Reduced in Danbury Forest Subdivision Springfield, Va 22151
share
Price Reduced in Danbury Forest Subdivision Springfield, Va 22151 For Sale: 5444 Calvin Ct Springfield, Va 22151 5444 Calvin Ct is a charming 3 bedroom, 2 full bath, 2 half bath townhouse located in the popular Danbury Forest neighborhood. It has… more
Huntington Grove in Alexandria VA – Market Update 9. 11. 15
share
Huntington Grove in Alexandria VA – Market Update 9. 11. 15 Huntington Grove is an Alexandria neighborhood composed of 39 one car garage townhomes located close to Old Town Alexandria and Huntington Metro. Constructed in 2002 by NV Homes the… more
Real Estate Market Update For Alexandria VA – July 2015
share
Real Estate Market Update For Alexandria VA – July 2015 Alexandria experienced a decrease in home sales for the first time in five months during July. Days on the market inched up just a bit but, still remain low and the average sale price remained… more
One Bedroom Sold and Closed in River Place in Arlington, VA 22209
share
One Bedroom Sold and Closed in River Place in Arlington, VA 22209 Sold: 1011 Arlington Blvd #1006 Arlington VA 22209 This River Place South one bedroom coop is now sold and closed courtesy of Amanda Davidson with Living A Dream Real Estate. The… more
Sold and Closed in Widewater Village Subdivision in Stafford, Va 22554
share
Sold and Closed in Widewater Village Subdivision in Stafford, Va 22554 Sold: 52 Acadia St Stafford, Va 22554 52 Acadia St in Widewater Village is now sold and closed courtesy of listing agent Amanda Davidson This lovely home was on the market for… more