Realtor - Amanda S. Davidson

Kingstowne Home Sales | October 2018 Market Update

Kingstowne Home Sales October 2018 Market Update

The number of homes sold in Kingstowne increased from September to October. The median sale to list price ratio increased slightly and days on the market also increased. Sale to list price ratio remains extremely strong.

Kingstowne Market Update October 2018 

Let’s check in on what happened in the Kingstowne market during October 2018.

•Number of Sales: 45

•Highest Priced Sale: $1,100,000

•Lowest Priced Sale: $240,000

•Median Sales Price: $482,000

•Median Days on Market: 16

•Median Sale Price to List Price Ratio: 99.63%

Kingstowne Home Sales  

Is It A Buyer’s Or A Seller’s Market?
It remains a seller’s market in Kingstowne. Supply is not keeping up with demand, a trend we have witnessed throughout 2018.

View homes for sale in Kingstowne

Current Inventory In Kingstowne

There are currently 71 homes for sale in Kingstowne. An increase of 2 from this time last month. It’s again 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. Inventory remains low and as we mentioned above it is still a seller’s market. That doesn’t mean buyers aren’t looking for value and a turnkey product though. Seller’s that attempt to price above the market are learning quickly that buyers are passing up on their homes. Proper pricing is imperative – if you price your home correctly and it is reasonably updated and turnkey ready it will be positioned to sell quickly. Rates are currently getting close to 5% and there are a lot of buyers in the market looking to secure their new home. If you’re a buyer in the current market you need to be prepared to make a strong offer when you find the home of your dreams. Days on the market remain low and homes are still moving very quickly in Kingstowne.

 

Kingstowne Home Sales October 2018

 

If you’d like to know more about the Kingstowne market reach out to us and let’s connect! We are always happy to answer questions.

Kingstowne Market Update 

Receive a free home value estimate within minutes. Our home value tool is just a guide if you are looking for a precise analysis of the current value of your home nothing replaces the expertise of a local agent with years of experience selling homes. Reach out to us for a free consultation. 

 

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Amanda Davidson Real Estate Group

 

 

      

 

Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




Comment balloon 12 commentsAmanda S. Davidson • November 13 2018 08:38PM
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