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Sycamores at Van Dorn Condominium Market Report
Sycamores at Van Dorn is a beautiful condo community located just off of South Van Dorn Street in Fairfax County, Alexandria. The 172 unit condominium complex offers a gorgeous selection of single and multi-level condos that is certain to please the select buyer. If you are interested in buying a condo in Alexandria, why not check out the condo units currently available at Sycamores at Van Dorn. One trip to the community and you find that it is the perfect place to call home!
For the daily commuter, Sycamores at Van Dorn provides easy access to Interstates, 95, 395, and 495. The community is also located within minutes of the Van Dorn Street Metro Station as well as the Franconia-Springfield Metro Station. There are also a number of commuter buses throughout the area.
Sycamores at Van Dorn Condo Market Update
Currently, there are 4 active condo listings at the Sycamores at Van Dorn and 1 listing under contract. Average statistics for these listings are as follows:
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ACTIVE (4)
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List Price
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BR
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BA
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FB
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HB
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DOMM
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Yr Built
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Min
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$275,000
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2
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1
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1
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0
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38
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1995
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Max
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$309,900
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2
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3
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2
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1
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505
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1997
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Avg
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$290,200
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2
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3
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2
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1
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186
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1996
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CNTG/NO KO (1)
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List Price
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BR
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BA
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FB
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HB
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DOMM
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Yr Built
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Min
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$274,900
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2
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3
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2
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1
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78
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1996
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Max
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$274,900
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2
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3
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2
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1
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78
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1996
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Avg
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$274,900
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2
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3
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2
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1
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78
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1996
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Since January 1, 2011, a total of 8 condo units have sold at Sycamores at Van Dorn. The average "sold price" (not listed price) of these homes is $296,225.
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SOLD 2011 (8)
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List Price
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Orig Price
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Close Price
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Min
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$274,500
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$294,500
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$273,930
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Max
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$325,000
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$325,000
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$319,000
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Avg
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$300,355
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$314,649
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$296,225
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Sum
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$2,402,839.00
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$2,517,189.00
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$2,369,800.00
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During the same time period in 2010, a total of 11 condos were sold at Sycamores at Van Dorn. The average "sold price" for these homes was $309,491.
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SOLD 2010 (11)
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List Price
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Orig Price
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Close Price
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Min
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$274,900
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$274,900
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$275,000
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Max
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$329,900
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$329,900
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$330,000
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Avg
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$312,408
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$314,681
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$309,491
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Sum
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$3,436,490.00
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$3,461,487.00
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$3,404,400.00
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Taking a look at the statistics for condo units sold in 2011 with units sold in 2010, we see that the number of homes sold differ by a total of 3 units, with the majority of units sold in 2010. These figures indicate that home ownership at the Sycamores at Van Dorn is beginning to stabilize.
Comparing price statistics for condo units sold in 2011 vs. 2010, we see that the minimum and maximum price points remain relatively stable from 2010 to 2011. Although year 2011 is currently reporting statistics for 8 units sold compared to 11 units sold in 2010, over all the average price for units sold is relatively consistent. For home sellers at Sycamores at Van Dorn, this is great news as steady home prices mean home equity is no longer declining. This is also great news for home buyers. With interest rates remaining at record lows and home prices holding firm, home buyers can purchase a condo at Sycamores at Van Dorn without the fear of negative equity!
For additional information on home buying and selling at Sycamores at Van Dorn, please contact me for assistance. In the interim, please feel free to browse all available condos for sale at Sycamores at Van Dorn now! To preview all Alexandria condos for sale, please click the preceding link. If you have questions or would like to schedule a showing, I am always available to assist you.
