Realtor - Amanda S. Davidson: Condos In Kingstowne | Market Update August 2018

Condos In Kingstowne | Market Update August 2018

Condos In Kingstowne | Market Update August 2018

Kingstowne is a planned community of over 5,300 homes but, because many locals consider 22315 the Kingstowne area that’s what we will be focusing on for the parameters of this market report.

Kingstowne Condos 

August 2018 Condo Sales in Kingstowne

•Number of Sales: 7

•Highest Priced Sale: $343,900

•Lowest Priced Sale: $193,000

•Median Sales Price: $299,000

•Median Days on Market: 6

•Median Sale to List Price Ratio: 99.69%

 

The condos that sold were located in Chancery of Kingstowne, Carrdinal Place, Eton Square, Stratford Place.

 

Kingstowne Condos For Sale

 

How Does August 2017 Compare to August 2018?

12 condos sold in August 2017 with a median sale price of $288,450. Days on the market were higher, coming in at 11 and the median sale to list price ratio was 98.63%. Lack of inventory plays a factor in fewer condos being sold this year. The median sale price is an indicator of what the market has been experiencing this year with a healthy increase of 3.6%.

Kingstowne Condos 

Kingstowne Condo Inventory

There are currently 15 condos for sale in Kingstowne. They range from a 1 bedroom, 1 bath with 742 square feet priced at $233,750 up to a 2 bedroom, 2 bath with 1,314 square feet priced at $354,997. There are also new construction condos for sale at The Crest Of Alexandria, a 55+ community located off Telegraph Road. Only a few condos remain and a late fall delivery is expected.
 

The inventory for Kingstowne condos remains low. Kingstowne as a whole is experiencing low inventory, you can read more about it in our neighborhood market update for August 2018. Condos that are properly priced, have a reasonable amount of updates, and show well are moving quickly. At the same time, even though inventory is low buyers are spotting an overpriced property quickly. If you are considering selling your Kingstowne condo do not try to chase the market and overprice it. Buyers just aren’t going for properties that are even remotely overpriced. As a seller, if your condo is priced correctly the market will react in your favor. When your options are creating demand for your property vs. becoming stale bread always opt to have demand!

Condos In Kingstowne 

If you’re looking to buy a condo in Kingstowne it’s important to understand that inventory remains low. When a new listing comes on the market if it shows well and is priced correctly it’s going to move quickly. It’s very likely that it will sell quickly and go for at or even above list price. Don’t delay in making an offer and rely on your agent for advice on how to negotiate and make your offer stand out to the seller. Each neighborhood within Kingstowne experiences different market conditions and its imperative to understand them before you decide on the terms of your offer.

Kingstowne Condos 

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

 

If you’re buying or selling a condo in Kingstowne and would like to work with an experienced agent reach out to us and let’s talk! We’re always happy to answer questions.

 

See condos for sale 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 11 commentsAmanda S. Davidson • September 29 2018 04:37PM

Comments

Great market information...you sure do keep folks updated!  Great job!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 15 days ago

Hello Amanda,  Another great market report for buyers and sellers.  Hope you have a great day!

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 15 days ago

Amanda knows all about the condo market in Kingstowne in Zip Code 22315, and can help you with your Real Estate goals. Call her today!

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) 15 days ago

Good afternoon Amanda - you have made a very good case for sellers to stay with the market. The market always rules 

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 15 days ago

You are the expert to call in Kingstowne. Thanks for another great report, Amanda.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 15 days 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) 14 days ago

Amanda, great post for buyers to easily locate a condo in Alexandria, and they need to call you - the expert in the area with the knowledge to guide them through a smooth transaction! 

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) 14 days ago

Hi Amanda... your knowledge of the Kingstowne housing market shines through in this report. Buyers and sellers should feel very confident in letting you assist them with a purchase or sale.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) 14 days ago

Hi Amanda S. Davidson - This is a market you and your team excel.  Buyers and sellers alike will appreciate all you have to offer in the Kingstowne area.  I love the fact that these buildings are so well maintained. Residents should be proud to own in any one of them. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 13 days ago

Another wonderful report on Kingstowne condos, Amanda! Your lack of inventory is similar to ours here in Charlotte. Great news on the median price increase as well...for sellers! 

Happy Friday!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 13 days 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) about 5 hours ago

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