Tomorrow marks the official first day of Spring in Alexandria, Virginia. Well, actually it's the first day of Spring everywhere in the Northern Hemisphere, but for purposes of this blog, we're only concerned with Northern Virginia and Washington D.C.
The next four months are typically the busiest real estate selling season in the entire year. It's a good time to focus in and take a look at the available inventory in various price ranges. Many more homes will likely be coming on the market in the next few weeks as the Spring market (and hopefully the weather) heats up.
As more properties come on the market, you'll likely see prices reduced on homes that have been on the market throughout the Wintertime as sellers become more anxious to get a deal. Coupled with this week's interest rate reductions by the Fed, the environment has become very favorable for Northern Virginia homebuyers.
Here's a look at currently available inventory of homes in Alexandria as of March 19th, the eve of Spring:
If you are unfamiliar with the area, it may help to have a breakdown by price range of the types of housing available. Click on any of the links for samples of available homes in each price range and location.
$0-$100,000: There are no Alexandria homes available for sale in this price range. None. Nada. Zilch. Zip. The unfortunate truth is that if this is all you can afford, you better look elsewhere (like Texas or Ohio). In Northern Virginia, you may be better off renting.
$100K-$200K: 76 Alexandria homes available. In this price range, you're mostly looking at small condos (studios and one bedrooms) in older buildings, both high-rise and garden style.
$200K-$300K: 180 Alexandria homes available. The largest category of available homes falls into this price range. There are lots of 1 and 2 bedroom condos in Alexandria for under $300,000 all throughout the city. Some popular choices include:
$300K-$400K: 111 Alexandria homes for sale. Larger, newer, and some great deals. Still mostly condos.
$400K-$500K: 107 Alexandria homes for sale. At this price point, you'll find quite a few townhouses throughout the City.
$500K-$600K: 81 Alexandria homes. A sweet spot in the townhouse market. Luxury condos, and some small single family homes.
$600K-$700K: 52 Alexandria homes for sale. Some high-end townhouses & some single family homes.
$700K-$800K: 49 homes in Alexandria. Single family homes and luxury townhouses.
$800K-$900K: 26 homes in Alexandria. You're getting into the luxury market. Movin' on up to the East Side... of Alexandria.
$900K-$1M: 27 homes in Alexandria. How about living on the Potomac River? Bigger, newer, better. Granite counters.
$1M+: 61 homes in Alexandria. Cream of the crop. If you've got it, flaunt it. Some of the nicest homes in Northern Virginia.
Enjoy the springtime, the upcoming Cherry Blossoms, and put some spring in your step by getting a jump on the Spring real estate market. Click here to start your home search.
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