Realtor - Amanda S. Davidson: Condos For Sale In Alexandria | Market Update July 2018

Condos For Sale In Alexandria | Market Update July 2018

Condos For Sale In Alexandria | Market Update July 2018

 

Condos For Sale In Alexandria

 

July 2018 Condo Sales in Alexandria

•Number of Sales: 200 (decrease from 212 in June)

•Highest Priced Sale: $1,998,500

•Lowest Priced Sale: $97,000

•Median Sales Price: $280,975 (increase from $272,543 in June)

•Median Days on Market: 16 (increase from 14 in June)

•Median Sale to List Price Ratio: 97.87% (decrease from 97.88% in June)

 

Condos For Sale In Alexandria

 

How Does July 2017 Compare to July 2018?

199 condos sold in June 2017 with a median sale price of $285,000. Days on the market saw no change and the median sale to list price ratio remained consistent, 98.02% in 2017.

 

Condos For Sale In Alexandria

 

Current Condo Inventory in Alexandria

There are 294 condos for sale in Alexandria, the second month in a row that inventory has slightly decreased. The market has slowed since spring but, it remains a seller’s market. There seems to be an ongoing buzz about the market slowing and that translating to it crashing. That’s just not the case. The demand that occurred in the spring was not something that could or even should be sustained. Real estate ebbs and flows and this is typically a time of year where it slows as compared to spring. Buyers are still buying and inventory is still low but, sellers do need to be aware that it’s not the feeding frenzy we saw in the spring. Buyers are looking for value and sellers who overprice their homes are going to sit on the market. Buyers are quick to spot an overpriced home and the market will react. Think like a buyer when you’re preparing your home for the market. Homes that sell quickly have similar characteristics; they show well, are reasonably updated, and are priced according to the market.

 

Condos For Sale In Alexandria

 

If you’re buying a home the current market you still need to be prepared to act quickly. Median days on the market of 16 is very low. If a property comes on the market that shows well and is priced correctly it’s still very likely you won’t be the only interested buyer. Being pre-approved and able to make an offer promptly remains important. Sellers still aren’t having to negotiate with buyers by that much, that, of course, doesn’t apply to every property but, with an almost 98% sale to list price ratio it’s clear many sellers are getting very close to list price.  

 

Alexandria Condos For Sale

 

If you’re a seller in Alexandria working with an agent that conducts pre-marketing activities is a great way to have buyers waiting to take a tour before your home officially goes active. The more interested parties, the higher the demand. Pricing will always be imperative, regardless of the current market conditions. Do not be the home that’s overpriced and sits on the market turning into what we like to call stale bread. No one pays top dollar for stale bread! The details of preparing your home for sale, properly pricing it, and launching the right marketing plan will take you from listed to sold in the shortest time possible for the highest sale price possible.

 

Condos For Sale In Alexandria

 

 

To receive a free estimate on what your condo is worth in the current market visit our free home value tool

 

If you’re buying or selling a condo in Alexandria and have questions reach out to us and let’s connect. We’re always happy to answer questions!

 

Browse Alexandria Homes For Sale

 

Condos For Sale In Alexandria - June 2018 Market Update

 

 

 

 

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 10 commentsAmanda S. Davidson • September 02 2018 07:35PM

Comments

Amanda S. Davidson - We are experiencing the same trend in my area. You have stated facts and issues that buyers should pay attention to and they should have no doubt that in this industry, you are the best in your area.

Posted by Patricia Feager, MBA, CRS, GRI, Selling Homes Changing Lives (DFW FINE PROPERTIES) 3 months ago

Hi Amanda- very good information about the condos for sale market in Alexandria. When we loved in Northern VA, Larry and I almost bought in Alexandria. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 3 months ago

Hi Amanda, another excellent market report on condos in Alexandria VA.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) 3 months ago

Hi Amanda I loved your market report and the advice to buyers and sellers, hope they will reach out to you for representation, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 3 months ago

You always provide good information about your housing market. Thank you for sharing.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 3 months ago

Good morning Amanda.  Thanks for keeping us informed about the condo real estate market in Alexandria.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 3 months ago

Good morning Amanda - as always your report combined with your analysis is very helpful.  People need to not only know but know what it means.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 3 months ago

Hello Amanda, The Realtor that knows more about the area then the other agents.  Buyers and sellers,  give her a call, you will be in good hands!

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 3 months ago

Alexandria has condo opportuities, and Amanda Davidson knows these communities. Call her NOW!

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) 3 months ago

Amanda, great market update for Alexandria, and know you have assisted buyers and sellers for years, and the expert to call.

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) 3 months ago

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