Buy Alexandria Real Estate: Alexandria Home Sales Slow Down a Bit in July

Alexandria Virginia Real Estate Blog

Alexandria Home Sales Slow Down a Bit in July

Whether it is because people are on vacation or it's just too hot to be out searching for homes, the number of homes sold in Alexandria in the month of July slipped from previous months.

 Total sales in Alexandria for July were 192 homes.

This is down from 238 in June, 220 in May, and 207 in April.

Single Family Homes:

27 single family homes sold in Alexandria in July 2007 at an average price of $838,437.

This is almost a 50% reduction in sales from the prior month of June when 52  single family homes sold at an average sales price of $858,151.

The most active Alexandria neighborhood for single family home sales in July was Beverley Hills.

Currently there are 130 single family homes on the market in Alexandria representing a 4.8 month inventory at July's sales pace.

 

 

Condominiums: 

92 condos sold in Alexandria in the month of July at an average sales price of $322,035.  

This represents just a slight decrease from June when 105 condominiums sold in Alexandria at an average price of $323,823.  So not much change in price month to month.

The most active Alexandria neighborhood for condo sales in July was Park Fairfax where 10 condos went to settlement during the month.

Currently there are 461 condos on the market in Alexandria, a 5 month supply at the current sales pace.

Townhouses: 

This is the one area of sales in Alexandria where prices are up and inventory is very tight.

72 townhouses sold In Alexandria in July at an average sales price of $604,143.  The number of sales is slightly down from June's 83 sales, but the average price is up $30K from June's average of $574,943.

The most active condominium sales areas in Alexandria for July were Cameron Station and Old Town Alexandria, with 7 and 10 townhome sales respectively.

Currently there are 214 Alexandria townhouses on the market, reflecting a tight supply of only 2.97 months inventory.

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Comment balloon 1 commentBrian Block • August 02 2007 09:53AM

Comments

I'm suffering from "graph jealousy" - Someday I'll figure out how to do that.  Great report about Alexandria... I'll be watching for one on Arlington (did I miss it?), since that's where my son lives.

Posted by Margaret Woda, Maryland Real Estate & Military Relocation (Long & Foster Real Estate, Inc.) almost 11 years ago

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