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?
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