Alexandria Virginia Real Estate Sales Market Report for December 2009

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December 2009 Alexandria Real Estate Sales Market Report

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Summary:

Distressed properties are still above 40% of the sales each month here in Alexandria.  If you are looking to buy a distressed property or sell your home before going to foreclosure. We can help you.  The spring market that we are about to be in, is going to be one of the best times to buy real estate.  There are going to be alot of buyers and fewer homes.  This is great for sellers as there will be competing offers, therefore driving up your price.

Contact us if you are thinking about buying or selling in Alexandria

Single Family Homes Alexandria

• Sold Alexandria Homes in December 2009: 76 homes
• Average Sold Price: $450,897
• Median Sold Price: $375,000
• Homes sold for about: 98.8% of asking price
• Average Days on Market: 46 days 

Out of the 76 Alexandria home sales in December - 29 (38%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Alexandria

• Sold Alexandria Townhomes in December 2009: 63 homes
• Average Sold Price: $329,657
• Median Sold Price: $310,000
• Homes sold for about 99.1% of asking price
• Average Days on Market: 46 days

Out of the 63 Alexandria townhomes that sold in December - 27 (43%) were distressed (foreclosure, bank owned, short sale).

Condos in Alexandria

• Sold Alexandria Condos in December 2009: 34 homes
• Average Sold Price: $197,276
• Median Sold Price: $142,000
• Homes sold for about 99.6% of Asking price
• Average Days on Market: 28 days

Out of the 34 Alexandria condos that sold in December - 16 (47%) were distressed (foreclosure, bank owned, short sale).

Alexandria zip codes -22303, 22306, 22307, 22308, 22309, 22310, 22312, 22315

  Email: natejohnson@kw.com

703-725-2929