Alexandria VA 22308 November 2012 Market Report
Real estate market data provided by Susan Haughton of Long & Foster REALTORS Old Town Alexandria.
ALEXANDRIA 22308 HOME PRICES
In the past twelve months, prices of Alexandria homes in zip code 22308 (including condos, townhomes and detached properties) have been on a little bit of a roller coaster ride, although we saw a year-high median sales price of $675,000 in November 2012, up from $475,000 in December 2011. And this beats the previous high median price of $610,000 in February 2012.
ALEXANDRIA 22308 REAL ESTATE REPORT SUMMARY
The total sales volume of homes sold in November 2012 was up 36.31% from last month, the median sales price was up almost 23% over the previous month and was up almost 14.41% over one year ago.
While Average days on market was up from October 2012, it was down more than 52% from November 2011, again signaling there are motivated buyers in the marketplace, but a lack of suitable inventory.
Further, the Average Sold to List Price Ratio was 96.09%, which was up almost 3% from the month prior and up almost 3% from November 2011, telling us active listings in Alexandria 22308 are priced to sell.
FIND HOMES FOR SALE IN ALEXANDRIA ZIP CODE 22304
To find out what your current Alexandria VA home is worth in the current market, email me or call me at 703-470-4545.