Northern Virgina Homes ‘Days on Market’ Headed in the Right Direction

 

According to a Realtor.com analysis of home sales in 146 markets throughout the country it took an average of 95 days to sell a home in April—13% longer than it took to sell a home in April 2010. But that’s certainly not the case in the greater Washington, D.C. market (including the Maryland and Northern Virginia suburbs). Homes sold in April in the greater Washington, D.C. area were on the market for an average of just 57 days—less time than it took to sell a home in all but three of the metro areas studied. In Northern Virginia, homes in Prince William county, Manassas and Manassas Park sold the fastest, spending an average of 51 days on the market. In Fairfax, that number was 57 and Arlington and Alexandria followed with an average of 66 and 69 days on the market respectively.

◊◊◊Contact us to find out out where your home stands in the current marketplace.◊◊◊

City of Alexandria, VA

Located just minutes from Washington, DC, the fifteen square miles which make up the City of Alexandria are a popular destination for both tourists visiting its cultural and historial attractions as well as homebuyers looking for an easy commute into work.

City of Alexandria Single Family Homes Average Sales Prices:

• 2005: $734,915 for 466 units
• 2006: $771,065 for 370 units
• 2007: $749978 for 400 units
• 2008: $734,641 for 295 units
• 2009: $647,941 for 328 units
• 2010: $703,322 for 314 units
• 1st Quarter 2011: $671,255 for 61 units
• To establish your Alexandria City home purchase profile, sign up for a free Listingbook account

City of Alexandria Townhome Average Sales Prices:

• 2005: $627,457 for 933 units
• 2006: $599,632 for 784 units
• 2007: $585,586 for 733 units
• 2008: $548,965 for 638 units
• 2009: $542,228 for 611 units
• 2010: $572,173 for 640 units
• 1st Quarter 2011: $577,672 for 146 units
• To establish your Alexandria City townhome purchase profile, sign up for a free Listingbook account

City of Alexandria Condominium Average Sales Prices:

• 2005: $316,639 for 1,437 units
• 2006: $323,159 for 1,030 units
• 2007: $309,979 for 887 units
• 2008: $271,394 for 666 units
• 2009: $250,592 for 793 units
• 2010: $246,337 for 766 units
• 1st Quarter 2011: $216,964 for 188 units
• To establish your Alexandria City condo purchase profile, sign up for a free Listingbook account

Fairfax and Alexandria Market Updates — April 2011

Fairfax and Alexandria Market Updates — March 2011

Fairfax and Alexandria Market Update — February 2011

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