Buy Alexandria Real Estate: Alexandria Virginia Condominium Inventory -- November 2007

Alexandria Virginia Real Estate Blog

Alexandria Virginia Condominium Inventory -- November 2007

As of today, November 11, 2007, there are 476 condos on the market in Alexandria, Virginia.  This represents 56% of the total inventory of homes currently available in the City of Alexandria.  During the month of October, 75  Alexandria condos sold, a slight increase from the 63 sales in September. 

In the first 10 months of the year, 900 condos sold in Alexandria, equating to a current supply of between 5.25 and 6.33 month supply of condos at the current absorption rates.  That represents a relatively balance market. 

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

Alexandria Virginia Condo Inventory

Learn more about some of these popular condominium communities:

All Inclusive Lifestyle at Watergate at Landmark in Alexandria

Condos with a View -- Carlyle Towers in Old Town Alexandria

Alexandria Condo for Sale at Mayflower Square -- Great Price for 2 bedroom condo

"Condo Canyon" -- Landmark Area of Alexandria has Loads of Condos for Sale

Northern Virginia Neighborhoods: An Introduction to Cameron Station, Alexandria

 

Here's a very important article that you should read if you plan on purchasing or selling a condo in Northern Virginia: 

What to Look for in Condominium Resale Disclosure Documents

 

Current average prices in Alexandria:

1 BR Condos -- 155 available, average price $262,855

2 BR Condos -- 256 available, average price $340,697

3 BR Condos -- 49 available, average price $496,781

 

Find our more about condo prices in Alexandria: Condos in Alexandria: How Much Do They Cost?

Click here to SEARCH FOR A CONDO IN ALEXANDRIA

 

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Comment balloon 7 commentsBrian Block • November 11 2007 02:43PM

Comments

Margaret Woda suggested folks look at your market reports as they were "masterpieces".  As I know market reports don't get a lot of comments, I just had to post one saying thanks to Margaret for the suggestion and kudos to you Brian for taking what is usually boring data and presenting the information in a way that is concise, clear, useful and fun to look at!
Posted by Lynda Bloom (Weichert, Realtors) over 10 years ago
LYNDA:  Thanks for stopping by and commenting.  I appreciate Margaret's kind words and have sent her an e-mail thanking her for sending you this way.  Let me know if you have any questions about market reports or graphs because I'd be happy to help in any way.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
Brian- WOW, that is some great condo movement up there. I would have no idea that condos were moving so well in Alexandria. That is one hot market compared to this one! Katerina
Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 10 years ago
Brian, I sense the market is beginning to improve regardless of what the doom and gloom folks have to say - I'm getting more phone calls in the past month or so, Karen
Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) over 10 years ago
KATERINA:  Despite what the press would have you believe, the condo market is actually quite stable here.  I have one going on the market in about 2 weeks, and although December tends to be even slower, I'm optimistic that with our pricing strategy, we should have a sale before too long.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
KAREN:  I get that sense as well.  It's not the boom of 2003/2004, but things are heating up a bit as we head into the colder months.  Thanks for your comment.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago

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