Realtor - Amanda S. Davidson: Condos For Sale In Kingstowne | Market Update October 2018

Condos For Sale In Kingstowne | Market Update October 2018

Condos For Sale In Kingstowne | Market Update October 2018

Kingstowne is a planned community of over 5,300 homes. The community consists of condos, townhomes, and single family homes. Many locals consider 22315 the Kingstowne area and for our condo market update that’s the zip code we’ll focus on.  

Condos For Sale In Kingstowne 

October 2018 Condo Sales in Kingstowne

•Number of Sales: 6

•Highest Priced Sale: $345,000

•Lowest Priced Sale: $235,000

•Median Sales Price: $331,745

•Median Days on Market: 10

•Median Sale to List Price Ratio: 98.83%

Condos For Sale In Kingstowne 

How Do Sales in October 2017 Compare to October 2018?

8 condos sold in October 2017 with a median sale price of $292,750. Days on the market were higher, coming in at 18 and the median sale to list price ratio was 98.00%. The change in median sale price is an important statistic to take note of, a 13.3% increase.

Kingstowne Condos 

Kingstowne Condo Inventory

There are currently 10 condos for sale in Kingstowne. They range from a 2 bedroom, 2 bath with 1,053 square feet priced at $269,000 up to a 2 bedroom, 2 bath with 1,277 square feet priced at $325,000. The total number of condos for sale includes new construction condos at The Crest Of Alexandria, a 55+ community located off Telegraph Road. Base pricing starts at $429,900 for a 2 bedroom, 2 bath.  

Inventory in Kingstowne remains low and condos are no exception. Rising interest rates and the winter season have not slowed buyers down. You can read more about the Kingstowne housing market in our October 2018 market update. Homes that have a reasonable amount of updates and that are priced according to the market are moving quickly. Sellers do need to understand that the market has changed from this spring when we were seeing 5, 6, 7+ offers on homes. That is no longer the case and if you try to chase the market your home is going to sit and be avoided by buyers. High days on the market and an inevitable price drop will cost you far more than pricing your home correctly from the start. It’s still a seller’s market but, buyers are looking for value in the form of homes that are priced according to the market. Pricing your home correctly and properly preparing it for sale will ensure a timely sale for the highest price possible.

Condos In Kingstowne For Sale 

If you’re looking to buy a condo in Kingstowne it’s important to know that inventory remains low. Homes that show well and are priced correctly are selling quickly. There’s still a strong chance that if a home that has just come on the market that matches those criteria that other buyers will also be interested. Do not delay in making an offer when you find the home you want to purchase. Consult with your agent on the best strategy to take. Every neighborhood and property is different and understanding the current market trends is important to position your offer to be appealing to the seller.

 

To receive a free estimate of 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 connect.

 

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

5680 King Centre Drive #600
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




Comment balloon 16 commentsAmanda S. Davidson • November 27 2018 10:18PM

Comments

Good morning Amanda - this is a very helpful report.  Sellers should follow you advice based on your knowledge.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 19 days ago

With 10 condos now for sale in Kingstowne, the smart buyers will call you Amanda to negotiate the best deal!

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) 19 days ago

Good morning, Amanda S. Davidson anyone who is thinking of buying and/or selling a condo in kingstowne would be wise to call Amanda Davidson for guidance.... she has a firm handle on this area....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 19 days ago

Amanda, looks like your market is slowing too?   Your DOM has increased from last time I remember.   Still a strong home value! 

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) 19 days ago

Anyone looking for a great condo in Kingstowne would be wise to contact you and allow you to assist them in finding one!

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 19 days ago

Good morning Amanda S. Davidson, whether buying or selling a home, condo or a townhome in Kingstowne, you are the REALTOR® to call. Homeowners thinking about selling should take advantage of the low inventory by listing with you.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 19 days ago

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

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 19 days ago

Amanda: This is an excellent review of the Kingstowne condo real estate market. Consumers would be wise to call you for assistance.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) 19 days ago

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

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 19 days ago

Amanda that is a fast market 98%+ sales to list price and sold in less than 30 days...let the sellers enjoy, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 18 days ago

Hello Amanda,  Buyers sould be calling you now to write up a contract and get a place in time for Xmas!!  You are the Best!

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 18 days ago

Thank you all for your comments! 

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 15 days ago

HI Amanda S. Davidson - The Condos at Kingstowne are a wonderful place to live and buyers/sellers would be doing themselves a huge service to contact you for your knowledge and expertise.

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 15 days ago

Even though 2017 is showing more sales there is still time to finish out 2018 and might just catch up or surpass. Wishing you much success and happiness this Holiday season.

Posted by Bob Ratliff, "Sold with Bob" (Robert Ratliff Realty) 15 days ago

Sheri Sperry - MCNE® thank you! I love the Kingstowne area and am always happy to help buyers and sellers. I appreciate you stopping by!

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 15 days ago

Bob Ratliff thank you! I hope you are enjoying the holidays and getting settled in after your move.

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 15 days ago

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