Alexandria VA 22304 Real Estate Market Report and Home Sales For October 2011

Alexandria VA 22304 Real Estate Market Report and Home Sales For October 2011

Alexandria VA Real Estate - The Alexandria VA zip code of 22304 is located in Alexandria City and includes the planned community of Cameron Station. Popular condominum communities include Exchange At Van Dorn, Watergate at Landmark, Hallmark, The Lofts. Townhome communities include Townes at Cameron Park, Summers Grove, Early Street Village, and Quaker Ridge. Duplex communities include Wakefield, Cameron, and Duke Gardens. And single-family communities include Seminary Heights, Seminary Valley, Chelsea, and Dalecrest. Here is a snapshot of the real estate market and homes sales for October 2011 for the Landmark and Cameron Station area of 22304:

A total of 42 homes sold in October 2011, totaling $14,330,199 in sales volume. The median price for homes was $280,750, while the average sold price was $341,195. On average, homes for sale in 22304 stayed on the market for 96 days, and sold for 93.88% of the asking price.

When you mouse over the interactive chart below, you'll see that the home sales broke the three month decline and bounced back from 37 homes sold in September, to 42. Also, the number of foreclosures and short sales is low but these units saw an increase in homes sold in October. There were nine foreclosures that sold, up from two in September; and three short sales sold in October, up one unit from two that sold in September.

What happened to the median sales price for the 22304 area in October?

The median sales price for homes in the 22304 zip code peaked this year in September at $345,000. In October, the median sales price decreased to $280,750.

How long will it take to sell my Alexandria VA home in the area of 22304?

The average Alexandria VA home seller in 22304 is probably mystified at the jump in the average days on market for the month of October. August and September were the best time for sellers with the average days on the market at 52 and 53 days respectively. October's numbers are defintely cause for concern for potential sellers.

Are Alexandria VA home sellers giving away their homes in the area of 22304?

Not only did home sellers in 22304 take a beating with the average days on the market, but in October, homes sold for 93.88% of the orginal list price. This average peaked in August at 95.96% of the orginal list price.

If you currently own a home in the Alexandria VA zip code of 22304 and want to know what your home might be worth, just click here for a free market analysis. Working with the #1 real estate company in the City of Alexandria, my internet marketing plan will work non-stop to get your home sold.

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Copyright 2011 by Tamara Inzunza.

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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Looking for short sales in Alexandria Virginia? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in real estate homes for sale in the beautiful Alexandria VA communities of Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes including condos, townhomes, and single-family homes for sale.

Call me at 703-623-8759.

Be sure to visit my website where you can Search MLS Listings of ALL Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.

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