Alexandria Weekly Market Update: January 27, 2012
January 27, 2012 by wethmangroupadmin · Leave a Comment
Welcome to the latest installment of the Alexandria Real Estate Update. The data for this post was compiled using the statistics for both the City of Alexandria and those parts of Alexandria that lie outside of the city’s limits in Fairfax County.
Alexandria Contracts
- In the past week, 99 homes went under contract.
- 75% of those homes were listed for less than $500,000.
- One of the homes that went under contract this week was listed for more than $1,000,000.
Alexandria Inventory
- Active single family home listings: 316
- Active townhouse listings: 173
- Active condo listings: 255
Listings Sold & Average Days on Market in Alexandria and Alexandria City
A total of 40 homes were sold in Alexandria this past week. Of those homes, 16 were in Alexandria City, while the remaining 24 were outside of the city limits. The average sales price for all of the homes sold was $408,073.
Homes that sold in the past week in Alexandria City sat on the market for 68 days on average. Homes outside the city limits took an average of 90 days to sell.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 1/27/2012. All information deemed reliable but not guaranteed.
Spring 2012 Market Preview
January 26, 2012 by wethmangroupadmin · Leave a Comment
So far, 2012 is off to a busy start! I’ve already had many calls from both buyers and sellers who are asking about the market, so I am anticipating a busier spring than usual. Rates continue to stay at record lows—many days below 4 percent.
The builders must be feeling more optimistic about the market too, with construction projects speeding along in our area: the Founders Square DARPA building in Ballston is now complete, with the residential tower next, Garfield Park in Clarendon is making good progress, and the new office buidling in Clarendon slated for the site of Potomac Crossfit, Eleventh St Lounge, and TA Sullivans is slated to begin in February.
So buyers, get ready for a busy spring, and sellers, NOW is the time to start decluttering and getting your home ready for the spring market. Contact us if you would like a consultation about how to prepare your home.
If you know someone looking to move, please contact us. And if you’re thinking of selling, we’ll be happy to provide you with a free market analysis of your home and a review of statistics in your local neighborhood.
Northern Virginia Housing Market Stats for December 2011
January 24, 2012 by wethmangroupadmin · Leave a Comment
Get the latest stats for the Northern Virginia real estate market by watching the video below:
Alexandria Weekly Market Update: January 20, 2012
January 20, 2012 by wethmangroupadmin · Leave a Comment
Welcome to the latest installment of the Alexandria Real Estate Update. The data for this post was compiled using the statistics for both the City of Alexandria and those parts of Alexandria that lie outside of the city’s limits in Fairfax County.
Alexandria Contracts
- In the past week, 72 homes went under contract.
- 75% of those homes were listed for less than $500,000.
- One of the homes that went under contract this week was listed for more than $1,000,000.
Alexandria Inventory
- Active single family home listings: 315
- Active townhouse listings: 178
- Active condo listings: 273
Listings Sold & Average Days on Market in Alexandria and Alexandria City
A total of 48 homes were sold in Alexandria this past week. Of those homes, 18 were in Alexandria City, while the remaining 30 were outside of the city limits. The average sales price for all of the homes sold was $396,641.
Homes that sold in the past week in Alexandria City sat on the market for 108 days on average. Homes outside the city limits took an average of 111 days to sell.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 1/20/2012. All information deemed reliable but not guaranteed.
Alexandria Neighborhoods: Bulfinch Square
January 17, 2012 by wethmangroupadmin · Leave a Comment
Bulfinch Square is a community of about 30 townhouses built in the late 1980s. Located near the intersection of the George Washington Memorial Parkway and King Street, Bulfinch Square is convenient to major commuting routes and Reagan National Airport. It’s also about one mile to the Braddock Road metro station, making it a popular destination for commuters.
With a walk score of 88, Bulfinch Square is considered “very walkable.” Nearly a dozen restaurants are within a quarter mile of residents’ front doors, including local favorites La Bergerie and La Tasca. A half dozen coffee shops are also within a quarter mile for when you a little get-up-and-go. Bulfinch Square also offers all the dining, shopping, and nightlife offered in Old Town.
Currently, there are no homes actively listed for sale or under contract in Bulfinch Square, according to MRIS, our local MLS.
The neighborhood is popular, and just two homes have changed hands in the past year in Bulfinch Square. Both had three bedrooms, three full baths, and one half bath. Both were also interior units, and neither was a short sale or foreclosure. One sold for $825,000 after 63 days on the market. The other sat on the market for 259 days and sold for $850,000.
If you’d like more information, please contact us. And if you’re thinking of selling (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value.
Source: MRIS as of 1/17/2012. Information deemed reliable but not guaranteed.
Alexandria Condos: Hillwood
January 10, 2012 by wethmangroupadmin · Leave a Comment
Hillwood is a condo community comprising nearly 170 units of varying sizes. Built in the 1990s, Hillwood features one- and two-bedroom floor plans. Some of the two-bedroom units also have lofts. Pets are allowed at Hillwood, but some restrictions apply. The community also features a club house and outdoor swimming pool.
Located near the intersection of Duke Street and Van Dorn Street, Hillwood is convenient to major commuting routes, such as I-395 and the Beltway. It’s also about one-and-a-half miles from the Van Dorn metro station. With a walk score of 74, Hillwood is considered “very walkable.” More than a dozen restaurants are within a half mile of residents’ front doors, including local favorites Sakul Thai and Savio’s. A dozen grocery stores are within a mile, as are seven coffee shops for that morning jolt.
Currently, just one unit is actively listed for sale in MRIS, our local MLS. It’s a two-bed, two-bath unit priced at $299,000. It has 1,150 square feet of living space and has so far been on the market for 18 days. No homes are currently under contract in Hillwood.
In the past year, five units have changed hands in Hillwood. They sat on the market for 132 days on average with an average sales price of $293,400. Of those five units, none were short sales or foreclosures.
If you’d like more information, please contact us. And if you’re thinking of selling your home (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value.
Source: MRIS as of 1/9/2012. Information deemed reliable but not guaranteed.
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Alexandria Weekly Market Update: January 6, 2012
January 6, 2012 by wethmangroupadmin · Leave a Comment
Welcome to the latest installment of the Alexandria Real Estate Update. The data for this post was compiled using the statistics for both the City of Alexandria and those parts of Alexandria that lie outside of the city’s limits in Fairfax County.
Alexandria Contracts
- In the past week, 45 homes went under contract.
- 78% of those homes were listed for less than $500,000.
- One of the homes that went under contract this week was listed for more than $1,000,000.
Alexandria Inventory
- Active single family home listings: 333
- Active townhouse listings: 170
- Active condo listings: 265
Listings Sold & Average Days on Market in Alexandria and Alexandria City
A total of 37 homes were sold in Alexandria this past week. Of those homes, 19 were in Alexandria City, while the remaining 18 were outside of the city limits. The average sales price for all of the homes sold was $386,026.
Homes that sold in the past week in Alexandria City sat on the market for 83 days on average. Homes outside the city limits took an average of 74 days to sell.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 1/6/2012. All information deemed reliable but not guaranteed.
Alexandria Neighborhoods: Goldfarbs
January 3, 2012 by wethmangroupadmin · Leave a Comment
Goldfarbs is a community of about 17 rowhouses. Some of the homes were built as early as the 1870s, and others were added to the neighborhood in 1979, and again in 2006. Located near the intersection of Duke Street and Route 1 in Old Town, Goldfarbs is convenient to the George Washington Memorial Parkway and Reagan National Airport. It’s also about one mile to the King Street metro station and the Alexandria Amtrak station.
With a walk score of 92, Goldfarbs is considered a “walker’s paradise.” It’s nestled in the heart of Old Town and offers residents all the convenience of dining, shopping, and entertainment that Old Town has to offer. More than a dozen restaurants are within a half mile of residents’ front doors, including local favorites Restaurant Eve and Southside 815. If you need a morning pick-me-up, don’t fret—a dozen coffee shops are also within a half mile of Goldfarbs, as are four grocery stores.
Currently, no homes are actively listed for sale or are under contract in Goldfarbs, according to MRIS, our local MLS.
In the past year, three homes changed hands in Goldfarbs. Two of those homes had three bedrooms and 2.5 baths. One sold for $699,900 after 238 days on the market. The other sold in 38 days for $705,000. The third house that sold was a three-bed, three-bath end unit. It sold for $751,500 after just four days on the market.None of the houses that sold in the past year were short sales or foreclosures.
If you’d like more information, please contact us. And if you’re thinking of selling (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value.
Source: MRIS as of 1/3/2012. Information deemed reliable but not guaranteed.
Alexandria Weekly Market Update: December 30, 2011
December 30, 2011 by wethmangroupadmin · Leave a Comment
Welcome to the last installment for 2011 of the Alexandria Real Estate Update. We hope you’ll continue to follow us throughout 2012! The data for this post was compiled using the statistics for both the City of Alexandria and those parts of Alexandria that lie outside of the city’s limits in Fairfax County.
Alexandria Contracts
- In the past week, 41 homes went under contract.
- 73% of those homes were listed for less than $500,000.
- Two of the homes that went under contract this week were listed for more than $1,000,000.
Alexandria Inventory
- Active single family home listings: 357
- Active townhouse listings: 172
- Active condo listings: 268
Listings Sold & Average Days on Market in Alexandria and Alexandria City
A total of 31 homes were sold in Alexandria this past week. Of those homes, 14 were in Alexandria City, while the remaining 17 were outside of the city limits. The average sales price for all of the homes sold was $465,871.
Homes that sold in the past week in Alexandria City sat on the market for 76 days on average. Homes outside the city limits took an average of 54 days to sell.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 12/30/2011. All information deemed accurate but not guaranteed.
Northern Virginia Housing Market Stats for November 2011
December 26, 2011 by wethmangroupadmin · Leave a Comment
Watch the video below to see what’s happening in the Northern Virginia real estate market.
Keller Williams Realty