Since then, available condominium inventory has decreased by 14% to 306 currently available Alexandria condos as of November 25, 2008. This represents about 47% of all inventory of homes available in the City of Alexandria. During the month of October there were 58 condo sales in Alexandria.
Based on the October rate of sales, there is a 5.275 month supply of condos in Alexandria. This decrease in inventory over the last 6 weeks is a welcome sign for condo owners looking to sell their property.
The chart below shows the inventory of condos at the 8 communities with the most current inventory on the market in Alexandria:
Here are the current average prices in Alexandria:
Studio Condos -- 9 available, average price $171,511
1 BR Condos -- 105 available, average price $231,369 (Oct. 2008 avg. price - $245,226)
2 BR Condos -- 158 available, average price $316,119 (Oct. 2008 avg. price - $334,374)
3 BR Condos -- 33 available, average price $384,464 (Oct. 2008 avg. price - $348,737)
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 Northern Virginia including Arlington County, Alexandria City, Annandale, Burke, D.C., Fairfax County, Falls Church City, Lorton, Springfield, Washington D.C., contact Brian today.
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