Kingstowne Home Sales November 2018 Market Update
Lets check in on what happened in the Kingstowne market during November 2018. We’ve been receiving a lot of questions about the market in general and specifically whether or not it’s still a seller’s market. While days on the market are higher than they were the reality is they’re still very low and so is inventory. Read on to find out if it’s still a seller’s market!
•Number of Sales: 38
•Highest Priced Sale: $826,225
•Lowest Priced Sale: $223,100
•Median Sales Price: $477,475
•Median Days on Market: 18
•Median Sale Price to List Price Ratio: 100%
Is It A Buyer’s Or A Seller’s Market?
It is still a seller’s market. There are markets that have shifted to a stable market in others areas of the country but, in regard to Kingstowne that’s just not the case.
Current Inventory In Kingstowne
There are currently 41 homes for sale in Kingstowne. That’s a decrease of 30 homes from this time last month. As we’ve mentioned in our previous market reports it’s important to point out that the Crest Of Alexandria a 55+ active adult community has added new construction listings (11 at this time) making resale inventory even lower than the total active inventory. If you’re considering selling your Kingstowne home now is an excellent time. Homes that are priced correctly, have a reasonable amount of updates, and show well are moving quickly. Many in less than a week. Buyers continue to seek a turn-key ready product and resist homes that are overpriced. Do not make the misstep of rushing to put your home on the market. Taking the time to properly prepare it will produce the best results.
If you’d like to know more about the Kingstowne market reach out to us, we’d be happy to answer your questions.
Receive a free home value estimate within minutes. Our home value tool is just a guide, and to be used solely to receive an estimate. If you prefer to receive a precise analaysis on what your home is worth in the current market reach out to Amanda Davidson 703-431-3755.