Buy Alexandria Real Estate: Old Town Alexandria: Homes for Sale -- Market Statistics

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Old Town Alexandria: Homes for Sale -- Market Statistics

Selling Your Home in Old Town Alexandria

Among Northern Virginia communities, Old Town Alexandria is certainly one of the most popular areas for homebuyers and for people looking for old word charm amongst the convenience of modern day shopping, restaurants, and an easy commute to D.C. 

Old Town Alexandria occupies the Eastern part of the City of Alexandria starting at the Potomac River and comprising zip code 22314.

Old Town Alexandria Home Sales:

In recent MRIS statistics, home sales in Old Town Alexandria totaled 39 for September 2008, slightly down from the 42 sold in August 2008, and 6 fewer sales than the number of Old Town homes sold in September 2007.

The average sold price in Old Town Alexandria is mostly unchanged in September from August 2008.  The average sales price for all homes sold in Old Town Alexandria was $634,182 for September 2008. 

Here's a chart comparing September 2008 and August 2008 sales data in Old Town Alexandria:

 

September 2008  

August 2008

% Change

Total Sold Dollar Volume

$24,733,095

$26,597,450

-7.0%

Average Sold Price

$634,182

$633,273

0.1%

Median Sold Price

$534,795

$507,000

5.5%

Total Units Sold

39

42

-7.2%

Average Days on Market

71

100

-29.0%

Average List Price for Solds

$687,109

$666,379

3.1%

Average Sales Price as % of List Price

92.30%

95.03%

 

There's some good news for Old Town Alexandria home sellers:  Homes have been selling at a much quicker clip -- an average of just over 10 weeks, compared to more than 3 months on the market in August.

Buying a Home in Old Town Alexandria

Old Town Alexandria Homes on the Market:

There are currently 221 homes on the market in Old Town Alexandria ranging in price from $189,950 for a studio condo to $6.4 million for a 1794 hsitoric townhouse that has been completely renovated.  The average listing price as of October 21st in Old Town Alexandria is $829,518.

They don't call it Old Town Alexandria for nothing.  There are plenty of historic homes in this historic town.  In fact, of the homes on the market, 40 currently available Old Town Alexandria homes are over 100 years old, with 11 of those being over 200 years old. 

If you live history, you'll love Old Town.

The oldest house currently for sale is at  305 Cameron Street.  It was built in 1770 -- pre-dating the Declaration of Independence! 

On the flip side, do you prefer newer homes?  There are 67 homes and condos available in Old Town Alexandria that were built within the last 10 years.

CLICK HERE TO START YOUR SEARCH FOR AN OLD TOWN ALEXANDRIA HOME 

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Contact Brian Block, REALTOR/Attorney, RE/MAX Allegiance: Licensed in Virginia & Washington D.C. (703) 626-0715. If you are interested in purchasing or selling a property in Old Town Alexandria (or elsewhere in Northern Virginia or D.C.) contact Brian today.

 

 

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Comment balloon 0 commentsBrian Block • October 21 2008 04:36PM

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