Buy Alexandria Real Estate: March 2008

Sunday March 30th is Opening Day for the Washington Nationals baseball team.  While opening day for baseball is exciting enough (and who doesn't enjoy sitting in the stands during beautiful springtime weather?), this time around it is really special because it marks Opening Day for the newly constructed $700 Million Nationals Park in Washington D.C.  

Nationals Park has already sold out to its 41,888 seat capacity for Opening Day.  Excitement is in the air and buzzing all around the D.C. area about the new stadium, which is expected to become the first major stadium to receive certification in Leadership in Energy and Environmental Design (LEED) from the U.S. Green Building Council. 

The location around the new stadium will become a major D.C. destination, with shops, restaurants and other entertainment tied to the redevelopment of the Anacostia Riverfront.  Nationals Park was constructed in less than 2 years from groundbreaking to Opening Day, a record pace for the building of a major league stadium.  

Compare the hitting distances in the new Nationals Park to the old field at RFK Stadium, and you'll see that big hitters are in for a bonanza of homeruns this year:

                             RFK                            NATIONALS PARK

Left Field                380 feet                      377 feet 

Center Field            410 feet                      402 feet

Right Center           380 feet                      370 feet

Right Field              335 feet                      335 feet

The Washington Nationals are hoping to attract baseball fans to the park with good baseball, and... good food.  Food vendors at the new Nationals Park include Hard Times Cafe, Cantina Marina, Noah's Pretzels, and others.  Five Guys Burgers and Capitol City Brewing Company are still in talks with the team.

Do you want to see a game this season?

Here's your chance.  I've already got tickets to several games.  Work with me to purchase or sell a home between April 1st and September 1st and you can have the opportunity to go see a Nationals game.  

This offer only applies for new clients who sign a listing agreement or buyer broker's agreement with Brian Block.

Whether the team wins or loses the game, you win big.  You benefit from the expertise, knowledge, and counsel of working with me to achieve your real estate goals, and you get to see a baseball game at the new Nationals Park!

Give me a call at 703-626-0715 or contact me by e-mail to get started on your real estate quest.  I've got some baseball tickets reserved in your name.

 PLAY BALL!

Presenting a brand new video:  A surprise VIP visitor wants to buy a home in Northern Virginia.  Alexandria was his hometown and he returns in 2008 to find his home is no longer his. 

Who else to help him in his quest but Northern Virginia REALTOR and Associate Broker with RE/MAX Allegiance, Brian Block?  Take a peek at this entertaining, educational, and informative video about Virginia real estate.

Welcome to Good Buy for the "Regular Guy" -- hey, it rhymes and it's a direct ripoff from the once popular Bravo! series "Straight Eye for the Queer Guy."  In this post we'll be taking a look at some of the more affordable options for residential living in Northern Virginia.

This morning I posted Isn't that Rich?: Northern Virginia Counties Top List of Richest in U.S. where I detailed that
6 Northern Virginia counties were selected by Forbes Magazine as the Richest Counties in the country ranked by median household income.  That post went on to highlight a selection of currently available homes priced at over $1 million in each of those counties. 

Through a comment that I received on that post, I realized that I may have inadvertently created the impression that housing costs are out of reach for everyone but the most affluent in the metro-D.C. area.

While it is true that Northern Virginia real estate is much more expensive than in many parts of the country, prices here lag far behind many other metro areas, including San Francisco, New York City, Boston, and Honolulu.  In some areas of Northern Virginia homes prices have held steady or gone down slightly, while in other areas, most notably Prince William County, home prices have dropped steeply in the past year, making homeownership more affordable for some Northern Virginia buyers.  See a chart detailing increases or decreases by location.

So, what's a regular guy (or gal) to do? 

First of all, we need to define "Regular Guy."  Let's go with median household income.  For the counties examined, the median incomes ranged from about $80,000 to $100,000.  Thus, a "Regular Guy" in Northern Virginia makes a lot more money than the median or "regular U.S. guy" who had a median household income of about $48,000 in 2006.  Bottom line -- jobs pay well in Northern Virginia.

There are lots of variables in considering how much of a monthly payment and how much mortgage a Northern Virginia "Regular Guy" will qualify for.  These factors include credit scores, other debt, investments, cash on hand, etc.  We won't go into all those details here, but suffice it to say that the "Regular Guy" with a median household income should be able to afford a home between about $265,000 and $425,000 depending on these factors.

Good Buys for the Regular Guys

Here's information on median household income, median home prices (February 2008 data), and some samples of available homes that the "Regular Guy" can buy.  

FAIRFAX COUNTY:                   Median Household Income: $100,318                   Median Home Price: $405,000

SPRINGFIELD 3 BEDROOM TOWNHOUSE      

BURKE 3 BEDROOM SPLIT LEVEL SINGLE FAMILY HOME     

MONTEBELLO CONDOS 2 BEDROOM 2 BATHROOM

RESTON TOWNHOUSE ON GOLF COURSE

LOUDOUN COUNTY:                  Median Household Income:  $99,371                    Median Home Price: $374,950

3 BEDROOM ASHBURN TOWNHOUSE          LEESBURG SINGLE FAMILY 3 BEDROOMS 3 BATHROOMS

STERLING SINGLE FAMILY HOME 4 BEDROOMS  2.5 BATHROOMS

ARLINGTON COUNTY:               Median Household Income:  $87,350                     Median Home Price: $425,000

1 BEDROOM CLARENDON CONDO           1 BEDROOM LUXURY ODYSSEY CONDO

FAIRLINGTON MEWS TOWNHOUSE 

STAFFORD COUNTY:                 Median Household Income: $85,014                    Median Home Price: $309,000

FREDERICKSBURG 4 BEDROOMS 3 BATHROOMS SINGLE FAMILY HOME 

FREDERICKSBURG 5 BEDROOM 3 BATHROOM ALL BRICK HOME 

STAFFORD HOME 5 MILES TO QUANTICO MARINES CORPS BASE 

PRINCE WILLIAM COUNTY:    Median Household Income: $80,738                Median Home Price: $275,000

GAINESVILLE 4 BEDROOM TOWNHOUSE       DALE CITY 3 BEDROOM CAPE COD

LAKE RIDGE 3 BEDROOM TOWNHOUSE          MANASSAS PENTHOUSE CONDO 

DEL RAY TOWNHOUSE          STONEGATE 2 BEDROOM CONDO      

NORTHAMPTON PLACE 2 BEDROOM CONDO

So, you see there are plenty of available single family homes, townhouses, and condos out there throughout Northern Virginia for first time buyers, regular guys, and people who missed the AOL stock option bonanza.

I'm a regular guy just like you.

However, I'm not just a regular agent.  I'm an experienced, educated, and award winning Real Estate Broker with RE/MAX Allegiance.

Let me help you find the home that's right for you in any price range, regular or extraordinary.

CLICK HERE TO RECEIVE INFORMATION ABOUT AVAILABLE HOMES 

Where's the wealth of the United States?  Silicon Valley?  Manhattan?  Bill Gate's backyard in Medina County, Washington?

How about the Northern Virginia suburbs of Washington D.C.! 

Forbes Magazine recently named the richest counties in the United States based on median income in the county. 

Northern Virginia had 6 counties place in the top 20, due in large part to the quantity and quality of high-paying jobs in the technology sector, government, government contracting, and legal fields.  High salaries and median income explain the boom in luxury priced property throughout the region.

FAIRFAX COUNTY

Ranked #1 in the country by median income pegged at $100,318.  Fairfax County has a population of over 1 million residents.  Fairfax County covers a large area and includes the following towns and municipalities:  Alexandria, Annandale, Burke, Centreville, Chantilly, Clifton, Fairfax, Fairfax Station, Falls Church, Great Falls, Herndon, Lorton, McLean, Oakton, Reston, Springfield, and Vienna. 

11% of available homes in Fairfax County are currently listed for over $1 Million.  In McLean & Great Falls, a whopping 67% of homes are priced at over $1 million, with an average price of $1.9 Million.  Click on the links to view some of the currently available homes.

LORTON 5 BEDROOM HOME    MCLEAN 5 BEDROOM HOME    5 BEDROOMS IN OAKTON    $2M+ GREAT FALLS

LOUDOUN COUNTY

Just behind Fairfax County at #2 on Forbes list is Loudoun County with a median income of $99,371.  Loudoun County is further out from Washington, D.C., and its growth and income is driven by the presence of Dulles International Airport and a multitude of information technology companies that came to the area after AOL initially established its headquarters there.  Loudoun County includes the following areas: Ashburn, Dulles, Leesburg, Lovettsville, Potomac Falls, Purcellville, South Riding, and Sterling. 

About 200 homes in Loudoun County are currently on the market for over $1 Million.  Click to view a sampling of available homes.

STERLING 5 BEDROOM COLONIAL   

LEESBURG ON 11 ACRES                      6 BEDROOMS 6.5 BATHROOMS IN ASHBURN

ARLINGTON COUNTY

In the #9 position on the list with a median income of $87,350 is Arlington County, the closest-in suburb to Washington D.C.  Arlington lies just across the Potomac River from D.C. and is home to the Pentagon, the largest office building in the world.  Many Washington lawyers, lobbyists, and politicians call Arlington home.  Arlington County has no separate municipalities, but has several distinct areas, including: Rosslyn, Clarendon, Ballston, Crystal City, Shirlington. 

A full 13.4% of the homes for sale in Arlington are currently priced at over $ 1 Million.  Click links to see some million dollar plus homes in Arlington:

MILLION DOLLAR ARLINGTON CONDO   

LYON VILLAGE 5 BEDROOMS  

COUNTRY CLUB HILLS CUSTOM HOME       BONAIR 5 BEDROOM HOME

STAFFORD COUNTY

Stafford County chimes in at #11 with a median income of $85,014.  Stafford County is situated about 45 miles south of Washington, D.C., halfway between the Nation's Capital and Richmond, the Capital of Virginia.  The major city in Stafford County is Fredericksburg, known for its rich history.  Quantico Marines Corps Base in the northern end of the County comprises over 30,000 acres. 

In the more affordable Stafford County, only 8 homes are currently priced at over $1 Million.  Check out some of these homes:

MAGNOLIA WOODS 7 BEDROOMS  

FREDERICKSBURG GEORGIAN ON 13 ACRES

PRINCE WILLIAM COUNTY

At #18 on the Forbes List, Prince William County boasts a median income of $80,783.  Prince William County includes the following areas:  Bristow, Dale City, Dumfries, Gainesville, Haymarket, Lake Ridge, Manassas, Woodbridge. 

76 Prince William County homes are listed for sale at $1 Million or more.  Click to view:

6 BEDROOMS IN GAINESVILLE         MANASSAS RIVERFRONT HOME          5 BEDROOM HAYMARKET HOME   

WOODBRIDGE HOME 6 BEDROOMS & ELEVATOR!

CITY OF ALEXANDRIA

Rounding out the list of Northern Virginia counties is Alexandria.  While technically it is an independent city, not a county, the statistics are tracked the same way.  At #19 on the list, Alexandria has a median income of $80,449.  Some of the popular areas of Alexandria include: Old Town Alexandria, Del Ray, Rosemont, Landmark, and Cameron Station. 

Over 8% of homes for sale are on the market for over $1 Million in Alexandria.  Wanna see?  You know the drill... just click the links.

CAMERON STATION SINGLE FAMILY HOME  

5 BEDROOM HOME IN DEL RAY   

COLONIAL TOWNHOUSE IN OLD TOWN ALEXANDRIA

HISTORIC OLD TOWN HOME 

CLICK HERE TO START YOUR SEARCH FOR HOMES IN NORTHERN VIRGINIA IN ANY PRICE RANGE   

Tomorrow marks the official first day of Spring in Alexandria, Virginia.  Well, actually it's the first day of Spring everywhere in the Northern Hemisphere, but for purposes of this blog, we're only concerned with Northern Virginia and Washington D.C.

The next four months are typically the busiest real estate selling season in the entire year.  It's a good time to focus in and take a look at the available inventory in various price ranges.  Many more homes will likely be coming on the market in the next few weeks as the Spring market (and hopefully the weather) heats up.

As more properties come on the market, you'll likely see prices reduced on homes that have been on the market throughout the Wintertime as sellers become more anxious to get a deal.  Coupled with this week's interest rate reductions by the Fed, the environment has become very favorable for Northern Virginia homebuyers. 

Here's a look at currently available inventory of homes in Alexandria as of March 19th, the eve of Spring:

If you are unfamiliar with the area, it may help to have a breakdown by price range of the types of housing available.  Click on any of the links for samples of available homes in each price range and location.

$0-$100,000:  There are no Alexandria homes available for sale in this price range.  None.  Nada.  Zilch. Zip.  The unfortunate truth is that if this is all you can afford, you better look elsewhere (like Texas or Ohio).  In Northern Virginia, you may be better off renting.

$100K-$200K:  76 Alexandria homes available.  In this price range, you're mostly looking at small condos (studios and one bedrooms) in older buildings, both high-rise and garden style.

Forty Six-Hundred Condos        Highpointe                Mayflower Square 

Park Place                                     Saxony Square   

$200K-$300K:  180 Alexandria homes available.  The largest category of available homes falls into this price range.  There are lots of 1 and 2 bedroom condos in Alexandria for under $300,000 all throughout the city.  Some popular choices include:

Alexandria Knolls West            Marina Towers                        Northhampton Place   

Olympus at Landmark              Watergate at Landmark

$300K-$400K:  111 Alexandria homes for sale.  Larger, newer, and some great deals.  Still mostly condos.

Cameron Station Condo                Carlyle Towers                Hillwood        

Exchange at Van Dorn                   The Royalton   

$400K-$500K:  107 Alexandria homes for sale.  At this price point, you'll find quite a few townhouses throughout the City.

Beauregard Heights                Del Ray                                            Old Town Greens       

Quantrell Mews                        Townes at Cameron Parke

$500K-$600K:  81 Alexandria homes.  A sweet spot in the townhouse market.  Luxury condos, and some small single family homes.

Beauregard Station (new construction)             Cameron Station              Prescott Condos                Stonegate

$600K-$700K:  52 Alexandria homes for sale.  Some high-end townhouses & some single family homes.

Cameron Station        Del Ray        Stonegate

$700K-$800K:  49 homes in Alexandria.  Single family homes and luxury townhouses.

Beverley Hills        Cameron Station        Old Town        Potomac Greens        Yates Garden

$800K-$900K:  26 homes in Alexandria.  You're getting into the luxury market.  Movin' on up to the East Side... of Alexandria.

Harborside                    Old Town       

Potomac Greens         Rivergate

$900K-$1M:  27 homes in Alexandria.  How about living on the Potomac River?  Bigger, newer, better.  Granite counters.

Fords Landing            Rosemont Park      

Kings Hundred           Dulaneys

$1M+:  61 homes in Alexandria.  Cream of the crop.  If you've got it, flaunt it.  Some of the nicest homes in Northern Virginia.

Beverley Hills        Fords Landing        Harborside

Liberty Row           Old Town             Seminary Ridge

Enjoy the springtime, the upcoming Cherry Blossoms, and put some spring in your step by getting a jump on the Spring real estate market.  Click here to start your home search.

Death and taxes...

You've heard that one before.  How's this for adding insult to injury?

Alexandria Virginia homeowners are still trying to digest the news that their homes have slipped in value.  Well, unless you've been ignoring the national, regional, and local news, or haven't crawled out of your shell in a while, you were well aware that home values in Alexandria which had skyrocketed over the past 5 or 6 years took a little hit over the last year.  It's just that it's different when you see the reality printed on a little piece of paper you received in the mail about a month ago -- the annual tax assessment. 

Read about it here: You've Got Bad News & Good News -- Which Do You Want to Hear First?

Seeing it in writing somehow makes it official.  Unless you are trying to sell your home or refinance to access your equity for home renovations, this small slip in value of Alexandria properties will not affect you greatly.

Now, word is out that the City of Alexandria has proposed to increase the real estate property tax by up to 3 cents to 86 cents per $100 of assessed value.  The City Council just voted on this the other day and the news was released.

Judging by the number and tone of the comments on the WTOP News website which reports this story, Alexandria residents are none too happy to hear that their tax rate on their depreciated property is increasing.

Click here for more information on appealing tax assessments

Of course, reduced tax assessments provide an opportunity for buyers looking for a home in Northern Virginia to find a well-priced home. 

CLICK HERE TO START YOUR SEARCH. 

Which market are you watching and what news are your reading or watching?

To hear it from the national media, you're bombarded with stories about foreclosures, massive price drops, a downward spiraling economy, recession, Armageddon, doomday, death and destruction.

The local news is not much better.  When the Washington Post reports on real estate, they are often examining the entire region, Suburban Maryland, D.C., Northern Virginia, as well as the far reaches of the outer suburbs.  Parts of Loudoun County may be more a suburb for Reston or Tysons Corner than they are for D.C.

Sure, real estate is a roller coaster ride and it's not for the weary who are in it for the short time and must clench the safety bar and scream the whole way down.  Anybody whose ridden on one of the cars at an amusement park knows that you've got to weather the ups and downs, but in the end you'll likely escape unscathed.

Such is true of the Northern Virginia real estate market.  Cycles come and go, but one fact remains -- over the past 40 years, the average home appreciation in the region has been 7% per year.  2000 through 2005 saw unprecedented double digit appreciation.  Calls were issued that a bubble was about to burst.

Bubble bursting?  Not quite so dramatic.  However, neither was it nor will it necessarily be a soft landing, as other experts suspected.  Home prices momentarily met their peak on the rollercoaster of real estate and have been heading down, but how quickly and how dramatically depends on where you look.  It is important to examine the numbers carefully if you are considering a purchase or a sale in the near future, or even if you are just cautiously watching the market for  a future move.  Reading this blog can be your seatbelt during the bumpy real estate ride.

Real estate prices have been going down, though not across the board. 

Always remember the mantra: REAL ESTATE IS LOCAL.  Say it again.  Memorize it and don't forget.

Here are some cold hard facts and numbers:

Distilled to a graphical format, we see that price changes are not that dramatic in most areas, with the exception of Prince William County.  The steep decline in Prince William County values is strongly correlated with the high prevalence of foreclosures in that area.  You'll notice that Alexandria and D.C. actually saw month over year price increases.

As a buyer, this market presents some opportunities to get in and purchase a home before the rollercoaster starts climbing the next hill, whenever that may be (we don't have a crystal ball).  If you are planning on living in the area and owning the home long-term, a wise investment may pay off with dividends in the future. 

As a seller, you may expect buyers to make some severely low-ball offers based on their misunderstanding of the realities of the marketplace and the widely overhyped freefall that the media is predicting. 

They hyped the market on the way up and they're hyping it on the way down.  Drama makes news.  When you are buying or selling real estate, however, you need the balanced guidance of a real estate professional.

Just to hammer home the reality of how hyper-local real estate markets can be, take a look at the following chart of price changes in Arlington Virginia.  While the previous chart shows a slight loss in value over the last year in Arlington, take a look when it's broken down by zip code:

5 zip codes experienced an average loss in value while 4 zip codes in Arlington experienced gains over the past year.  In 3 of the zip codes where there were average losses, the home price change was barely perceptible. 

Hardly a freefall!

The national news? No.  Local media? Probably not.  A REALTOR who is on the street and in the trenches of the daily real estate market?  There's your best bet for safety on the roller coaster of real estate. 

Give me a call to discuss your real estate needs 703-626-0715

or send me an e-mail for further information.

Among the attractions of condo living in Northern Virginia are affordability compared to single family homes and townhouses, less maintenance than a large home, and convenience of location.  Location plays a big factor especially in Arlington and Alexandria where many condominium owners commute to work in D.C.  As the two suburbs closest to the District, Arlington and Alexandria are always in high demand among homebuyers and these two areas have not been hit as hard by the housing decline as many of the further out suburbs in Fairfax County, and especially in Prince William and Loudoun Counties.  

One factor that plays a large role in the commuting equation and thus in choice of location is presence of the subway, or the Metro, as we fondly call it here in the Metropolitan Washington area.  (A side note, did you know that the first ever underground subway was the Metropolitan Railway which is now part of the London Underground, or "Tube"?)  Condos within easy walking distance of a metro stop command a premium price as some Northern Virginia commuters eschew their cars altogether throughout the course of the work week.  

As a result of the live/work/play/commute concept, much development has occurred centered around the various metro stations.  Restaurants, nightlife, shops thrive when they are located along the metro corridor.  There is no better example of this than in North Arlington along the Rosslyn to Ballston Orange line corridor.

The Washington Metropolitan Transit Authority released numbers detailing the amount of weekly riders in each station of the various lines.  Along the Orange Line in Arlington, the Rosslyn Station has a weekly ridership of 15,462 passengers, while Ballston sees 12,564 passengers per week.  Looking at Alexandria, the numbers are in stark contrast.  King Street is the city's busiest station with weekly ridership of about 8,500 people.  Braddock Road station sees only 4,200 weekly riders, while Van Dorn has about 3,800 riders per week.  These Alexandria stations are in the bottom-third of ridership in Metro's 86-station system, according to the Washington Business Journal.

There appears to be a direct correlation between the number of condominiums within walking distance to the metro and the number of metro riders and this correlation is readily apparent when comparing the five stations on the Orange Line in Arlington: Rosslyn, Courthouse, Clarendon, Virginia Square, and Ballston with the three stations on the Blue Line in Alexandria:  Braddock Road, Van Dorn Street, and King Street.

Here's a list of the condos within walking distance of each of these metro stations.  Click on each link to view detailed information about a currently available condo in each condo community.

ARLINGTON

ROSSLYN STATION:

ATRIUM CONDOS        0.3 Miles to Metro            BELVEDERE CONDOS                0.3 Miles to Metro

1800 WILSON             0.5 Miles to Metro             WOOSTER & MERCER LOFTS     0.3 Miles to Metro

COURTHOUSE STATION: 

CHARLESTON CONDOS      0.2 Miles to Metro       

COLONIAL VILLAGE           0.4 Miles to Metro

COURTHOUSE HILL             0.2 Miles to Metro      

1800 WILSON                      0.3 Miles to Metro

ODYSSEY CONDOS             0.2 Miles to Metro      

WILLIAMSBURG CONDO   0.4 Miles to Metro

WOODBURY HEIGHTS        0.3 Miles to Metro

CLARENDON STATION:

CLARENDON 1021          0.2 Miles to Metro        PHOENIX AT CLARENDON    0.1 Miles to Metro

STATION SQUARE          0.2 Miles to Metro

VIRGINIA SQUARE STATION:

LEXINGTON SQUARE       0.2 Miles to Metro        MONROE                               0.3 Miles to Metro

VIRGINIA SQUARE         121 FEET                        WENTWORTH PLACE          0.2 Miles to Metro

BALLSTON STATION:

ALTAVISTA                          0.1 Miles to Metro        BALLSTON 880                     0.4 Miles to Metro

BALLSTON PARK                0.3 Miles to Metro        BERKELEY                             0.1 Miles to Metro

CONTINENTAL                     0.3 Miles to Metro        EASTVIEW @BALLSTON    0.1 Miles to Metro         

HAWTHORN CONDOS        0.4 Miles to Metro        SUMMERWALK I & II         427 FEET

WESTVIEW @BALLSTON  0.2 Miles to Metro

ALEXANDRIA

VAN DORN STREET STATION:

EXCHANGE AT VAN DORN       0.7 Miles to Metro

BRADDOCK ROAD STATION:

BRADDOCK PLACE                0.2 Miles to Metro        OLD TOWN GREENS            1.0 Miles to Metro

KING STREET:

CARLYLE TOWERS                0.5 Miles to Metro        CARLYLE SQUARE              0.7 Miles to Metro

OLD TOWN VILLAGE            0.3 Miles to Metro        ROYALTON                           0.2 Miles to Metro

1600 PRINCE STREET           0.2 Miles to Metro

VIEW AN INTERACTIVE STREET MAP WITH AN OVERLAY OF THE METRO LINE ON THE D.C. METRO WEBSITE.

CLICK HERE TO START YOUR SEARCH FOR A CONDO ALONG THE METRO LINE

Prediction:  Cameron Station sales are going to start heating up in the Spring.

Shaking off the Winter doldrums, the real estate market is starting to get busy in Alexandria, Virginia and notably in the Cameron Station neighborhood, a premier community of townhouses, condos, and a smattering of single family homes.  Last night, after an early evening walk around the lake at Ben Brenman Park, a large city park adjacent to Cameron Station, my wife and I saw the first signs of Spring.  Flowers were budding, neighbors walking their dogs, and parents out in force with their babies in strollers and their bouncing toddlers.

So what's happening in the way of real estate?  One thing's for certain -- the For Sale signs are popping up faster than the daffodils.

Here's an overview of the current market in Cameron Station:

Recent Sales

February was a slow month for sales in Cameron Station.  Only 3 homes sold. 

However, there are also 7 properties in Cameron Station currently under contract pending sale.  We won't know what the final sales price is on these until they go to settlement.  However, the average listing price of those under contract is $615,829.

The great news if you are thinking about selling your Cameron Station home is that homes are selling FAST!  The 7 currently under contract averaged only 23 days on the market.  You might read in the newspaper or hear on television that homes are not selling quickly.  Just remember -- real estate is local.  Locally, in Cameron Station, homes are selling very fast.

So, if you are planning to buy a home in Cameron Station, take note that when you find the home you want, you may have to act quickly before another eager buyer scoops it up.

Currently Available Cameron Station Homes

The good news for buyers is that there are plenty of choices available.  As of March 13, 2008, there are 21 townhouses, 1 single family home, and 20 condominiums on the market in Cameron Station.  No matter your price range and style preference, there's likely an option for you.  

The 22 townhouses range in asking price from $575,000 to $850,000 with an average price of just slightly over $700K.  The one single family home is on the market for $1.125 million.

Here's some of the available inventory of Cameron Station townhouses (click to view detailed information):

CAMERON STATION TH                2 Bedrooms  2.5 Bathrooms         $599,999

CAMERON STATION TH                3 Bedrooms  2.55 Bathrooms       $624,000

CAMERON STATION TH                3 Bedrooms  2.5 Bathrooms         $630,000

CAMERON STATION TH                3 Bedrooms  3.5 Bathrooms         $659,900

CAMERON STATION TH                4 Bedrooms  3.5 Bathrooms        $850,000 

Available condos range in price from $314K to $538K with an average list price of $405,673.

Here's a sampling on available Cameron Station condos:

CAMERON STATION CONDO      1 Bedroom   1.5 Bathrooms       $314,900

CAMERON STATION CONDO      2 Bedrooms  2.5 Bathrooms       $379,000

CAMERON STATION CONDO      2 Bedrooms  2.5 Bathrooms       $445,000

Learn more about the Cameron Station community by reading these blog posts:

Catch a Cool Cameron Station Condo While You Can!

November Update on Cameron Station Sales

Sales in Cameron Station, Alexandria

Cameron Station Market Update: Summer Sales in Premier Alexandria Community

Northern Virginia Neighborhoods: An Introduction to Cameron Station, Alexandria

Ready to start looking for a home?: 

CLICK HERE TO START YOUR SEARCH FOR A CAMERON STATION HOME

or

CONTACT ME FOR MORE INFORMATION