Realtor - Amanda S. Davidson: Condo Sales in Alexandria, VA – Market Update October 2015

Condo Sales in Alexandria, VA – Market Update October 2015

Condo Sales in Alexandria, VA – Market Update October 2015

The number of condos sold in Alexandria decreased in October which is normal for this time of year. The median sale price increased by over $18,000 and the days on the market remained about the same. Sellers continued to see just over 96% for the sale to list price ratio.

Alexandria Condo Sales 

October 2015 Condo Sales in Alexandria

•Number of Sales: 129 (decrease from 149 in September)

•Highest Priced Sale: $755,000

•Lowest Priced Sale: $95,000

•Median Sales Price: $284,650 (increase from $266,000)

•Median Days on Market: 28 (increase from 26)

•Median Sale to List Price Ratio: 96.63% (increase from 96.40%)

 

How Does October 2014 compare to October 2015?

There were 12 more condos sold last October than this year and the median sale price was higher last year by $10.350. Days on the market were a little lower last year but, remained fairly consistent – 22 in 2014 and 28 in 2015. Median sale to list price ratio also remained consistent 2014 – 96.77% vs. 2015 – 96.63%.

 

What Does This Mean For Condo Sales In Alexandria?

The condo market in Alexandria shifted to a buyer’s market in October. With interest rates remaining low and an increase in inventory now is a great time to purchase a condo in Alexandria. It’s not bad news for seller’s either – the days on the market remain fairly low and the sale to list price ratio is remains strong. With increased inventory and the shift to a buyer’s market sellers do need to be extremely mindful that they only get one shot to make a first impression. It needs to be a good one! Hire the right agent that knows your neighborhood and who can help you prepare your condo for sale. Condos that are going under contract quickly and selling for the highest price have three things in common: they show well, are properly priced according to the market, and are easy for agents to show to their buyers.

 

Buyers: To browse homes for sale in Alexandria please visit the link or contact me to have a custom listing alert setup that will automatically notify you when new properties enter the market. I welcome the opportunity to learn about your search for a new home and am always available to answer questions.

 

Sellers: If you are considering selling your Alexandria condo I want to be your agent. Contact me to a free market analysis or to learn more about my guaranteed sale program. I would love to learn more about your home and earn your trust and business. 



 

Amanda Davidson Real Estate Group

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AMANDA DAVIDSON  
l ASSOCIATE BROKER l  
l AMANDA DAVIDSON REAL ESTATE GROUP BROKERED BY eXp REALTY l

C  703.431.3755   |   O  703.988.3151  |   W  www.amandadavidson.com

A  20130 Lakeview Center Plaza #400 Ashburn, Va 20147




Comment balloon 17 commentsAmanda S. Davidson • November 08 2015 10:54AM

Comments

Amanda S. Davidson This market report you prepared is most insightful.  This is excellent information for buyers and sellers alike.  I hope you have a great week!

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Crye-Leike REALTORS®) almost 4 years ago

Good Monday morning Realtor Amanda S. Davidson -

You have provided excellent real estate information on the Condo market in Alexandria VA.  One would be wise to contact you for their real estate needs.

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) almost 4 years ago

Good for buyers they now have the upper hand and can find more condos to choose from. I hope you gets some sales call from this Amanda.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) almost 4 years ago

Amanda, looks like a seasonal drop in condo sales in Alexandria, but you are still killing it!   Keep em coming!

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) almost 4 years ago

Good morning Amanda, eventhough number of condo sales dropped in Alexandria VA which is typical for this time of year, great to see climbing prices. 

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) almost 4 years ago

Amanda, your market reports for condos in Alexandria VA are exellent. Buyers/Sellers should be calling your for all their real estate needs.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) almost 4 years ago

Thank you for your update on condo sales...I hope you have a great week!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) almost 4 years ago

Happy Monday Amanda,  Prices climbing, that is good.  I see are inventory in our state is dropping a little also.  Have a great week my friend.

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) almost 4 years ago

Nice Condo update Amanda S. Davidson ....you do a great job in your market!

Have a great week!

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) almost 4 years ago

Hello Amanda,  I see the sales have not only been decreasing in October but since May and June.  This market or decreased inventory?  Mark

Posted by Mark Don McInnes, Sandpoint, North Idaho Real Estate - 208-255.6227 almost 4 years ago

Hi Amanda - you have presented a comprehensive overview of the Alexandria VA real estate market.  It's not just numbers but helpful information for buyers and sellers from a local market expert.   Good job.

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 almost 4 years ago

Alexandria Condos median days on market is so fantastic that an extra couple of days means nothing...Nice!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) almost 4 years ago

Amanda S. Davidson is the person to see for condos in Alexandria regardless of your pre-approved financial ability with a wide range of pricing from 100K to 800K.

Posted by DEANNA EARLY - - ( NMLS # 268590 ), Highest Ranked Mortgage Loan Originator Virginia (American National Bank & Trust) almost 4 years ago

Amanda: The Alexandria real estate market looks to be having the same seasonal slowdown many other areas are experiencing. Very good market analysis.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) almost 4 years ago

Hi Amanda, excellent Alexandria, VA market stats. 28 days average market time is fantastic.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) almost 4 years ago

Hi Amanda.  Thanks for keeping us up to date with the condo market in Alexandria VA.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 4 years ago

Thank you all for stopping by! Very normal statistics for this time of year and I agree that the days on the market remain really good. It's a great time to buy a condo in Alexandria. 

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group Brokered By eXp Realty) almost 4 years ago

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