December 2011 MARKET REPORT FOR ALEXANDRIA VA 22309
ALEXANDRIA VA Zip Code 22309 includes the communities of FERRY LANDING, MOUNT VERNON FOREST, RIVERSIDE ESTATES and YACHT HAVEN ESTATES, to name just a very few of the neighborhoods found in this zip code, which encompasses the area near George Washington's Mount Vernon Estate and several neighborhoods on the shores of the Potomac River.
As you can see by the following numbers, total sold dollar volume was up dramatically in December 2011 over November 2011, although down very sightly compared to December 2010.
At 54, days on market was up both year over year and month over previous month, however, the average sold to list ratio was slightly over 94%. Properties are being priced properly and sellers are pretty much holding to their list prices. While median sales price and average sold price were down over November 2011, they were up considerably over December 2010.
YoY MoM
| Total Sold Dollar Volume | $12,057,337 | -1.07% | +40.18% |
| Closed Sales | 33 | -19.51% | +57.14% |
| Median Sold Price | $302,000 | +13.53% | -23.74% |
| Avg Sold Price | $365,374 | +22.91% | -10.79% |
| Avg Days on Market | 54 days | +5.88% | +12.5% |
| Avg Sold to Orig List Ratio | 94.07% | -1.75% | +1.42% |
If you are thinking of Selling or Buying a home in the Alexandria VA area this year, give me a call to discuss how I can help you make that happen. To see what is currently active in Alexandria's 22309 zip code, use the quick search below.
Alexandria VA 22304 CONDO MARKET REPORT January 2012
After taking a hit when the market adjusted, condos are selling again, albeit at substantially reduced prices in many cases compared to the mid-2000s.
Let's take a look at ALEXANDRIA VA 22304 CONDO SALES.
In January 2012, 18 condos settled, for an average sold price of $224,628. The lowest price sold was $102,500, while the highest price sold was $475,500. Average days on market was 62.
What can you expect in an Alexandria VA CONDO in 22304? Well, in addition to close proximity to public transportation, many Alexandria condos have some amenities, such as an outdoor pool, tennis courts and an exercise room. The high rises typically have secured entrances and the front desk is attended.
For $102,500, for example, one buyer snagged an 810 square foot 1 bedroom 1 bath unit at the Olympus high rise; the monthly condo fee of $571 includes all utilities, as well as a pool, tennis courts, exterior maintenance, master insurance and management.
At the highest end of the spectrum was a 3 level, 3 bedroom, 2.5 bath townhouse style condo in Cameron Station. Listed for $485,000, this 1,901 square foot property sold for $475,500 after 73 days on market.
If you are looking for an ALEXANDRIA VA CONDO, check out the quick search below or simply get in touch with me. I'll be happy to help you find just the right Alexandria VA condo to fit your needs.
Townes at Cameron Parke Market Update January 2012
TOWNES AT CAMERON PARKE is a popular townhome community just west of OLD TOWN ALEXANDRIA.
Tucked away in the up-and-coming Eisenhower Valley, TOWNES AT CAMERON PARKE offers a variety of layouts and sizes, from 2 to 4 bedrooms on 3 or 4 levels with
Townes at Cameron Parke is a private enclave of approximately 229 garage townhomes tucked away in the up-and-coming Eisenhower Valley, about 3 miles west of Old Town Alexandria, offering a variety of home styles and sizes, from 2 to 4 bedrooms on 3 or 4 levels and 1 or 2 car attached garages. Prices range from the $400,000s to the upper $500,000s.
In 2011, a total of 15 homes sold in Townes at Cameron Parke sold. The average settled price was $485,390, with prices ranging from a low of $390,000 for a 2 bedroom short sale to a high of $585,000 for a 4 story end unit with 4 bedrooms, 4 full and 1 half baths, backing to Lake Cook.
How does this compare to the previous year's activity in the neighborhood?
In 2010, 21 homes sold, with an average sold price of $493,405. Prices ranged from $418,000 to $585,000, remarkably similar to 2011 activity.
Days on market ranged from 30 days in 2010 to 70 days in 2011.
If you are looking to buy or sell in Townes at Cameron Parke in 2012, contact me for the latest in market activity.
Old Town Alexandria 22314 Year End Market Report
It was an interesting ride this year in the OLD TOWN ALEXANDRIA real estate market. As you can see from the chart below, it was a time of highs and lows, although not unlike years past in the pattern of when sales occurred.
After a relatively slow start in January in terms of settlements (not surprisingly, again, because these were the properties that more than likely went under contract during the December holidays), settlements jumped up in February, fell in March, only to rebound and stay steady through the summer months before declining to the lowest point of the year in September.
Anyone familiar with the DC metro market knows August is a pretty dead time of the year for us here in the OLD TOWN ALEXANDRIA real estate market, so the September numbers weren't much of a surprise. And, as is typical, Autumn saw another rebound, with the number of sold properties continuing to increase through the rest of the year.
The information below should be of particular interest to Sellers, because it shows that when listings come on the market, sales go up - the more inventory that comes on the market, the more sales. Although it sounds simple enough, what it is saying is we do have ready, willing and able Buyers in our market. What we don't have is enough inventory. If you are interested in selling, it may be a good time to consider it. Buyers are waiting for new listings, because there is not a lot to show them right now.
Alexandria VA 22304 Real Estate Market Activity
It is easy for not only consumers but agents to sometimes get caught up in thinking their state, city or neighborhood reflects what is going on in the real estate market. And with all the often conflicting media coverage also adding noise, it's not hard to think anecdotally - in other words, if the neighbor down the street has not been able to sell for months, then the market is "bad" even though that may absolutely not be true at all.
I work on keeping myself from painting the local market with a broad stroke by occasionally looking at cold, hard facts. Sometimes even I am surprised at what I find out when looking at the stats.
So, what's going on in the real estate market in the Alexandria VA zip code of 22304? Let's take a look.
Okay. So, what are we looking at? Well, first of all, as in many markets these days, there are the usual ups and downs. Overall, though, in the past year, sales (both solds and pending sales) seem to be showing signs of improvement.
Interestingly, though, look at the red line that is definitely heading down - that represents NEW listings. Yep, we have a lack of inventory right now - and that begs the question, if inventory were higher, would some of the "sideline" buyers we have in the market right now decide to get in the market? It's a good question and one only buyers can answer.
It certainly seems that agents in our market have their share of "indecisive" buyers; maybe they are not indecisive at all, maybe they just have not seen what they want. And as long as new listings continue to decline, some of them will certainly continue to look - and not buy - until they decide the inventory "is what it is" and if they want to get into the market when prices are lower than they have been in quite some time and when interest rates are at an all time low, they will simply have to decide whether getting exactly what they want is worth the wait.
Helping you find the perfect home - or find the perfect buyer for your home - in Old Town Alexandria, Cameron Station, Kingstowne, Montebello and many other fine Alexandria neighborhoods.
So here’s the part where I brag about how great I am, how I am a “people person,” how I’m all about great service, how I’m available 24/7.
Yada, yada, yada.
Is it true? Of course…well, except for that 24/7 thing, ‘cuz face it, if you call me at 3 a.m., I’m not answering. Ever.
Yes, I am a “Top Producer,” according to the local REALTOR association. Oh, and a REALTOR, of course, which means I abide by a long list of rules and regulations that mere mortal agents don’t have to abide by.
But let’s be honest, shall we? Do you care so much about that?
Sure, you want to be sure I am a licensed, bona fide agent – and yes, I am. You can always check with my broker, LONG & FOSTER REALTORS at 400 King Street in Alexandria, if you have any questions about that. (The phone number is 703-683-0400). You more than likely want to be assured I have actually sold a house or two in my career, which is completely understandable. I can even show you which ones. (And if you click on “What Others Say About Me” you can get an idea of what a few of my previous clients have had to say about my services).
You are probably much more interested in how my education and experience help you buy, rent or sell a house, though.
You will benefit from my extensive background in marketing (a B.S. in Marketing as well as 20+ years marketing experience) because it means know just how, when and where to promote your home for sale. And my real estate experience means I know how to advise you on condition and price.
Hopefully you will be impressed with my work ethic which holds me in great stead while working those 14 hour days (sorry, still not answering the phone at 3 a.m.) finding just the perfect home for you or perfect buyer for your home.
And, finally, my sense of humor allows me to finesse a lot of difficult situations, which means a smoother, less stressful transaction for you. And the negotiation skills I’ve honed over the years? Well, they translate into a better bottom line for you.
So, in a nutshell, what’s my mission statement?
I am here to help you through the sometimes confusing, sometimes stressful, sometimes harried, often baffling, process of buying or selling a home.
I am here to provide guidance, advice, resources and expert knowledge, from finding a qualified, competent lender or home inspector, to finding the perfect house in the perfect neighborhood for you or finding the qualified buyer for whom your house is THE ONE.
From negotiating a contract to getting through the home inspection and getting to the settlement table with your checkbook and sanity in check, all along the way, I’ll help you avoid the landmines and pitfalls the process can unexpectedly present.
Whew. That’s a mouthful, but then again, there is a lot to the process of buying or selling a house.
I’m here to help. Let me know what I can do for you.
Search http://www.susanmovesyou.com/ for up to the minute active listings. Be the first to know when a new home comes on the market; sign up for automatic email updates.
ALEXANDRIA * OLD TOWN ALEXANDRIA * TOWNES AT CAMERON PARKE * CAMERON STATION * MOUNT VERNON/FORT HUNT * MONTEBELLO
~~~Well, I hate to brag, but...my clients insist~~~
"We cannot thank Super Realtor Susan enough for all of her hard work, patience and most of all, her friendship, through the home selling process. Although we came on the market during a changing sales market, Susan diligently worked aggressively to promote our home until we had a qualified buyer. She kept us abreast of showings, feedback and the changing market. Looking back, we now realize how lucky we were to have her on our side."
Paul and Karen, Alexandria, VA
A couple of years ago, my boyfriend and I contacted Susan after seeing her website to help us with a search for a rental. Throughout the rental process, Susan treated us as if we were in the market for a multimillion dollar property, when in reality we were a couple of 20 somethings looking for a temporary rental! We enjoyed our experience with her so much that we contacted her again recently when we decided to buy our first home together.
Susan's unwavering patience and unparalleled expertise found us the starter home of our dreams! She held our hands throughout the entire process and answered every single question with a smile (even 11 PM emails within minutes). It was all SO easy that we still cannot believe we are home owners. We went into the process a bit nervous after some friends had difficulty buying their first home. Well...we we had absolutely no problem and no stress in our experience with her. Everyone kept asking us, "isn't it supposed to be difficult?" Umm.. not with Susan! She approached every situation with a sense of realism and always kept OUR BEST INTEREST in mind. She is definitely the best in the business and has an expansive network of professionals to help with everything her clients may need along the way -- from home inspection professionals to repairmen.
We are just crossing our fingers (and toes) that Susan will be there for any future home purchases. After working with her, we cannot imagine having any other realtor. Simply put -- we adore her!
Rory & Celia - Alexandria VA
Just wanted to send you a note and thank you for making this transaction successful and seamless. Please feel free to use me as a reference, although getting $270K at the Palazzo will most likely get you a lot of street-cred by itself!
Werner and Erin - Alexandria VA
From satisfied clients:
"We will never forget your kindness, professionalism, understanding, and most of all, friendship, through this rough move. We have known what a sub-par realtor is, unfortunately, in our moving about. Now, I am glad to say we know a pro; and, she is a friend. Please keep in touch. Stop by anytime. Use us as a reference often and much! "
Larissa and James, Alexandria VA
“Susan is the best realtor I have ever worked with and I have owned 5 homes. She knows the area, the neighborhoods and how to get the best value for you as either the buyer or the seller. There is a reason she is one of the best Long and Foster Agents in Virginia, she is just that good.”
Rick & Barbara Nolte, Alexandria VA
"We were not sure if we wanted to rent or buy, but even as potential renters, Susan treated us like royalty, with infinite patience and dedication. She never once tried to pressure us into buying, rather, listened to us, provided balanced information and let us make our own decision without pushing. We ended up buying a beautiful home and could not be happier."
Bill and Shannon, Alexandria, VA
And from other real estate professionals:
Susan and I have been members of online networking groups for some time and I am very impressed with her business ethic and approach to real estate. I have gleaned much from her insights and advice which she freely shares with others online.
Obviously, for Susan the customer is treated like royalty and taking care of her customer's needs is first and foremost in her business plan.
I would gladly refer any customer to Susan - I know they would be in good hands.”
Karen Rice, REALTOR, Weichert Realtors Paupack Group
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