Realtor - Amanda S. Davidson: Kingstowne Home Sales July 2018 Market Update

Kingstowne Home Sales July 2018 Market Update

Kingstowne Home Sales July 2018 Market Update

The housing market in Kingstowne continues to see strong sales. Days on the market inched up just a bit but, remain extremely low. Median sale price decreased as compared to last month but, as compared to last year is up by over $20,000. 

Kingtowne Housing Market Update 

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

•Number of Sales: 56

•Highest Priced Sale: $865,000

•Lowest Priced Sale: $300,000

•Median Sales Price: $483,150

•Median Days on Market: 9

•Median Sale Price to List Price Ratio: 98.69%

 Kingstowne Home Sales July 2018

 

Is It A Buyer’s Or A Seller’s Market?
It is still a seller’s market in Kingstowne. Throughout 2018 it has remained a seller’s market. Supply in Kingstowne is not keeping up with demand.

View homes for sale in Kingstowne

Current Inventory In Kingstowne

There are currently 66 homes for sale in Kingstowne. An increase from this time last month by 7 but, important to point out that the Crest Of Alexandria a 55+ active adult community has added new construction listings and they account for part of the increase. Overall inventory levels saw very little change month over month. The Kingstowne real estate market is strong and homes continue to move quickly but, only when they show well and are priced correctly. By priced correctly we mean according to the market. Even though it’s a seller’s market overpricing a home is a big mistake that will cause it to sit and become stale inventory. Buyers are savvy and looking for a turnkey product. There’s no doubt it’s a great time to sell your Kingstowne home but, what if you’re looking to buy in Kingstowne? While inventory is low that doesn’t mean its non-existent. Having the right strategy and understanding that sellers are in the driver’s seat will prepare you to be successful. With interest rates slowly rising waiting to buy will cost you more. Interest rates are by no means high, they’re still historically low but, they are higher than they were, for example, this time last year. If prices continue to rise waiting will cost you more in the form of a higher sale price as well. While there are always exceptions, in general, this market is not conducive to much if any negotiation. Often times it takes offering above list price to be successful. Work with your agent to make your offer as appealing to the sellers as possible from minimal contingencies to a flexible closing date there are lots of ways to stand out to a seller and secure your dream home.

 

 Kingstowne Movie Theater

 

If you’d like to know more about the Kingstowne real estate market or have questions about buying or selling reach out to us. We are a small boutique brokerage focused on personalized service and always happy to help.

 

Kingstowne Housing Market Update

 

 

Find out the value of your Kingstowne home here – free estimate. Our home value tool is just a guide if you are looking for an accurate analysis of the current value of your home nothing replaces the expertise of a local agent with years of experience selling homes. 

 

Kingstowne Real Estate

 

Kingstowne Home Sales June 2018 Market Update

5 Things To Do In Kingstowne

 

 

 

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 13 commentsAmanda S. Davidson • August 09 2018 03:54PM

Comments

Great information to share for your area!

Posted by Norma J. Elkins, Realtor - Elkins Home Selling Team ( Elite Realty Group) 2 months ago

Amanda: Good review of the Kingstowne real estate market. With limited inventory, it is a great time for homeowners to call you and get their home on the market.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) 2 months ago

Amanda, your market reports on Kingstowne are full of valuable information, and love your infographic.    You are the expert to call when a buyer or seller is ready to move.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) 2 months ago

9 days on the market? Wow, and wow. Those are impressive numbers. What I also know is that you are one impressive real estate resource and agent - anyone looking to buy or sell in Kingstowne needs to hire you. 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 2 months ago

You do such a great job with your market reports and I always enjoy knowing what is happening in Kingstowne!

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 2 months ago

Good afternoon Amanda - you always give very good information that can be used by buyers and sellers in Kingstowne.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 2 months ago

Amanda, With only 9 days on the market, proves how popular The Kingstowne housing market is!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) 2 months ago

Good morning Amanda.  Thanks for the information and update about the Kingstowne real estate market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 2 months ago

Thank you all for your support! I always appreciate your comments. 

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 2 months ago

Happy Saturday Amanda, my Eagle friend.  Another outstanding market report by you.  Make it a great day!

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 2 months ago

Families on the move will certainly appreciate your local market reports.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 2 months ago

Nice infographic, Amanda. It conveys the message and data so clearly.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 2 months ago

Sales seem to be pretty stable. Keep moving forward and good luck with everything that you do!

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) 2 months ago

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