The Alexandria condo market is hot! Condos are selling throughout the city and the inventory is quite low. Here's some stats about Alexandria Virginia condominium sales and inventory for February 2012.
Currently there are 176 condos on the market for sale in Alexandria. Considering that 185 Alexandria condos sold in the last 90 days, 176 is not that many... 46 sold in the last 30 days. Based on the 90 day numbes, there's only about a 2.85 month inventory of Alexandria condos.
The condos for sale in Alexandria range in price from $100,000 to $2.1 million with an average listing price of $363,058. Here's the breakdown by size of the condo:
One Bedroom Alexandria Condos
62 on the market
Price range from $100K to $450K
Average listing price $255,627
Two Bedroom Alexandria Condos
93 on the market
Price range from $135K to $1.45 million
Average listing price $375,819
Three Bedroom Alexandria Condos
19 on the market
Price range from $179.9K to $1.55 million
Average listing price $561,955
Over the last 30 days the average final sales price of Alexandria condos that sold was $269,469. From this you can see that the lower end of the market is selling more readily and briskly than the higher end of the condo market in Alexandria. On average Alexandria condo sellers are obtaining 93.49% of their original listing price -- showing that there's still quite a bit of room for negotiation. However, some of that number for January is likely skewed from price reductions that occurred towards the end of 2011 or the beginning of the new year.
Condos sold in an average of 70 days on the market.
The chart below shows the condominium complexes in Alexandria with the highest number of units on the market.
Interested in buying a condo in Alexandria? Search for Alexandria condos here.
Thinking about selling your Alexandria condo or just want to know the value? Confidential and free market analysis of your condo's market value.
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