Old Town Alexandria 22314 Market Update

How’s activity in the OLD TOWN ALEXANDRIA real estate market these days?

I think we are doing pretty well. Lately, I have had numerous sign calls on listings and Open Houses are attracting prospective buyers – even yesterday, in torrential rain.

At this moment, there are 118 fee simple active listings in OLD TOWN ALEXANDRIA, ranging in price from $349,000 for a fixer upper short sale (I showed this property over the weekend and “fixer upper” is no exaggeration) to $5,700,000 for a 6,700 s.f. spectacular piece of history: this 5 bedroom home was built in 1760.

The average listing price for these 118 properties is $981,599.

There are 40 properties under contract right now in OLD TOWN ALEXANDRIA, ranging from $329,900 to $2,450,000, with an average listing price of $754,648 and an average of 80 days on market.

In the past 30 days, 31 properties settled, from $339,900 to $2,950,000, with an average list price of $725,200 and 76 days on market.

We have a pretty consistent market here, so if you’re interested in buying a home in OLD TOWN ALEXANDRIA, it’s important to know the facts. As you can see from the chart below, whether detached or townhome, the median sold price is heading up these days.

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