213901 Resource 160154 161269 161269 1223331150040 1223331180930 Controlled Alexandria Virginia Real Estate: Condo Inventory October 2008

Inventory of Condos in Alexandria Virginia

As of October 2, 2008, there were 354 condos on the market in Alexandria, Virginia (16% less than the 417 on the market this time last year).  This represents almost exactly 50% of the inventory of homes currently available in the City of Alexandria.  During the month of September, 56 Alexandria condos sold. Over the first 3 quarters of 2008, 542 condos sold in Alexandria, or just over 60/month on average.  These sales numbes are significantly down from last year which saw an average condo sales rate of 90/month in Alexandria.Based on the September rate of sales, there is a 6.3 month supply of condos in Alexandria, a relatively balanced market. The chart below shows the inventory of condos at the 8 communities with the most current inventory on the market in Alexandria:<img title="Condos for sale in Alexandria Virginia" height="414" alt="Condos for sale in Alexandria Virginia" src="http://activerain.com/image_store/uploads/8/7/5/0/4/ar122298831140578.JPG" width="501" /> Here are the current average prices in Alexandria:1 BR Condos -- 113 available, average price $245,226 (average Oct. 2007 price -- $259,455)2 BR Condos -- 183 available, average price $334,374 (average Oct. 2007 price -- $341,770)3 BR Condos -- 47  available, average price $348,737 (average Oct. 2007 price -- $387,084)<a href="http://www.searchhomesbyemail.com/" target="_blank">Click here to SEARCH FOR A CONDO IN ALEXANDRIA</a> 10 application/xml false alexandria virginia condominiums alexandria virginia real estate condos for sale in alexandria northern virginia real estate northern virginia real estate blog Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; IEMB3; IEMB3) 127.0.0.1 127.0.0.1 bblock 68.55.5.194 false true false false true 205801 false false true false false false true 213987 Resource 205801 173239 161269 1223471043561 1224331278017 Controlled Good news for Buyers

Goodness, that's  LOT of condos!  It's a great opportunity for all those people who were shut out of buying in Alexandria when prices were jumping daily a few years ago. 10 application/xml false Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 6.0; Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1) ; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.0.04506) 127.0.0.1 127.0.0.1 96.244.133.103 false true false false true 160154 blog blogsite/BrianBlock/web