In Northern Virginia, townhomes are a very popular choice among homebuyers. In many cases a townhouse may serve as an intermediate step between a condo and a single family home. Townhouse styles throughout Alexandria span the gamut from the small two level models with little more space than small condominiums to massive luxury townhouses on the Potomac River in Old Town Alexandria that are often larger than most detached homes, have 4 or 5 levels, and sometimes even a dock for your boat (and a price tag to match!) 
Here's a roundup of the current market for townhouses in Alexandria VA including the number available, price breakdown, locations, and days on the market. TOTAL: 210 townhouses on the market in Alexandria, ranging in price from $299,000 to $3.3 million. Average price $743K (though this is heavily skewed by the upper range -- the median price is under $600K) The average townhome in Alexandria has been on the market for 82 days. I'd like to break these down by price range. Alexandria townhouses under $600K: 110 townhouses or more than half of those on the market in Alexandria fall into this price range with the average townhouse in this category being listed at a price of $499,987 and on the market for approximately 71 days. Townhouses in this price range can be found in the following Alexandria communities: Beauregard Heights, Beverley Hills, Cameron Station, Hume Springs, Lynhaven, Nethergate, Old Town, Old Town Greens, Quantrell Mews, Stonegate, Summers Grove, and Townes at Cameron Parke. Alexandria townhouses between $600K and $1 million: 70 townhouses fall into this price category with an average listing price of $775,326 and on the market for 81 days. These townhomes can be found in the following communities (among others): Cameron Station, Old Town, Old Town Greens, Potomac Green, Quaker Ridge, Stonegate, and Yates Garden. Alexandria townhouses over $1 million: 30 townhouses in Alexandria are available at this high-end price range with the average townhouse listed for $1,565,600 and on the market for a significantly longer average of 120 days. These luxury townhouses are almost all concentrated in Old Town Alexandria and especially in some of the elite communities along the Potomac River, including: Bulfinch Square, Fords Landing, Gibbon Row, Harborside, and Rivergate. One thing to keep in mind when viewing these average listing prices: We're currently in the midst of a strong buyer's market in Alexandria and throughout Northern Virginia. The average Alexandria townhouse sale in February was completed at a final sales price of 2.34% below asking price, representing an average $17,000 discount. Start searching for your next Alexandria townhouse today. |
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