Alexandria Virginia April 2008 Home Sale Hot Spots

 

In April 2008, there were 150 home sales in the City of Alexandria.   This was a precipitous drop from the 204 sales made during the same month of 2007.  Sales prices ranged from $131,500 up to $1,650,000.  The good news for Alexandria home sellers is that homes are selling relatively quickly, averaging just 60 days on the market!  Additionally, while buyers are negotiating lower prices from the original asking price, the average net sales price of $474,678 for the month of April 2008 equates to Alexandria sellers getting 93.9% of their original listing price.

 

As is the case in any market, there are hot spots, hotter spots, and some cool ones.  Here's a graph showing the neighborhoods and condo communities with the most sales activity for the month of April.

 

 

Cameron Station led the pack with 15 sales in April 2008.  Never been to Cameron Station?  Click here and come along on a brief Video Driving Tour of Cameron Station in Alexandria Virginia.  Read and learn more about Cameron Station: Northern Virginia Neighborhoods: An Introduction to Cameron Station, Alexandria.

 

Watergate at Landmark, a large condo complex on the West End of Alexandria chalked up 9 sales.  There's always plenty of condo inventory at Watergate at Landmark.  Learn more:  All Inclusive Lifestyle at Watergate at Landmark in Alexandria.

 

Currently there are 822 available homes on the market in Alexandria, representing about a 5.5 month inventory supply based on the April sales rate.  That's a pretty balanced market between buyers and sellers.  A 6 month inventory is considered an even market.  Over 6 months is a buyer's market and under 6 months is a sellers market.  There are an additional 291 homes in Alexandria currently under contract pending sale.

 

 

Encouraged?  Thinking about selling your Alexandria home?  Make sure to read Blog Articles for Sellers.  Then contact me at 703-626-0715 or e-mail me at brian@brianblock.com

 

Ready to get started with buying a home in Alexandria?  Please read Blog Articles for Buyers.  Then click below to get started with the best online home search tool available.