Buy Alexandria Real Estate: Condo Inventory in Alexandria, Virginia

Alexandria Virginia Real Estate Blog

Condo Inventory in Alexandria, Virginia

As of today, October 1, 2007, there are 417 condos on the market in Alexandria, Virginia.  This represents 48% of the inventory of homes currently available in the City of Alexandria.  During the month of September, 63 Alexandria condos sold.  Over the first 3 quarters of 2007, 816 condos sold in Alexandria, or just over 90/month on average.

Based on the September rate of sales, there is a 6.6 month supply of condos in Alexandria, a relatively balanced market. 

The chart below shows the inventory of condos at some of the more popular condominium complexes in Alexandria:

Watergate at Landmark located within "Condo Canyon" is a very large complex and has consistently had between 40 and 60 units available on the market throughout much of the year. 

Here are the current average prices in Alexandria:

1 BR Condos -- 153 available, average price $259,455

2 BR Condos -- 224 available, average price $341,770

3 BR Condos -- 40  available, average price $387,084 

For more information on condo prices in Alexandria, see my other article Condos in Alexandria: How Much Do They Cost?

Click here to SEARCH FOR A CONDO IN ALEXANDRIA

 

 

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Comment balloon 1 commentBrian Block • October 01 2007 07:43AM

Comments

Beatiful chart and excellent information.  I'm not sure which is more impressive.  Another great post from Brian!
Posted by Margaret Woda, Maryland Real Estate & Military Relocation (Long & Foster Real Estate, Inc.) over 10 years ago

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