Buy Alexandria Real Estate: Posted Prices? A Gallon of Milk & An Average House

Alexandria Virginia Real Estate Blog

Posted Prices? A Gallon of Milk & An Average House

Curiously, if you drive by almost any gas station, convenience store, or grocery store, you'll see posted the current price of a gallon of milk, and the cost of a pack of cigarettes.  Since I don't consume either product, these prices don't mean much to me.  However, for others these staple items are benchmarks of the economy as a whole.

A Gallon of Milk

 

So, what do you think?  Should real estate offices post the average sales price each month for homes in the neighborhood right above the entrance?

  • A gallon of milk this week was $2.99 at the local gas station. 
  • The average sales price for a home in Arlington, VA last month was $512,725.

Would you like to pick up a house on your drive home from work?

Here's the average sales prices around the Northern Virginia area for homes sold in November 2011:

ALEXANDRIA          $450,602

ARLINGTON              $512,725

FALLS CHURCH        $476,768

GREAT FALLS       $1,279,767

MCLEAN                     $851,102

WASHINGTON DC   $514,274

Perhaps we should post a price range, since while the average price in McLean is $851,102, homes sold between $185,000 and $3.5 million.

 

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Comment balloon 2 commentsBrian Block • December 19 2011 03:12PM

Comments

I often see "average prices" done this way, and in a lot of areas it's completely meaningless.    My own neighborhood is an example - within a mile are cozy, well-removated small ranchers for under $200,000 and on some other streets are homes between $300,000 and $450,000, with a couple well over $500,000.   Some of the big ones haven't been on the market in a long time, but they'd certainly skew the averages.   Even a range can be misleading, if you're only talking about what's on the market at the moment.   You've made a good point.

Posted by Mary Sheridan, Creative Marketing, Buyer Agency 423-943-7655 (Keller Willliams - 1033 Hamilton Place,Johnson City TN 37604) over 6 years ago

The gas station is probably not the best place to buy a gallon of milk!  But hey, what's the average price in PWC?  You are STEERING people away from the best, of course...  is such steering allowed?

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) over 6 years ago

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