What’s on the Market in Old Town Alexandria

What’s On the Market in Old Town Alexandria?

As of this moment, there are 146 active listings on the market in the Old Town Alexandria zip code 22314.

415The least expensive listing? A one bedroom, one bath 787 square foot condo at Port Royal, in north Old Town Alexandria. About 8 blocks from Braddock Metro, Port Royal is near Giant grocery, the soon-to-be-built Harris Teeter, Starbucks as well as jogging/walking trails and the Potomac River. Listed at $215,000, the monthly condo fee of $578 includes all utilities except phone and cable.

At the other end of the price spectrum is 415 Wolfe Street, priced at $5,850,000. Built in 1800, this 4 bedroom, 5.5 bath features beautiful gardens and a 21st century renovation.  With its 11 fireplaces, period moldings – even a carriage house – this home is a real treasure.

While the average listing price of active listings in Old Town Alexandria is $1,016,825,  there are plenty of homes well under that million dollar price tag.

What’s Under Contract in Old Town Alexandria?

There are almost as many properties under contract in the 22314 zip code as there are active listings – 113 properties are under contract.  The average list price of properties under contract is $651,000 with an average days on market of 35 days.

vintage cellar

Properties under contract range from an efficiency at Port Royal – listed at $159,000 – to the 253 year old John Janney house on South St Asaph, listed at $4,900,000.  This home has been updated with modern conveniences without losing the grandeur of yesterday.  With more than 6,700 square feet, the home has 8 fireplaces, 5 bedrooms and 6 full baths.

Old Town Alexandria has a wide array of properties available, from condos in high buildings with Potomac River views to stately historic homes to row houses and townhouses, in every shape, size and floorplan imaginable.  Let me know if you think an Old Town Alexandria home would be right for you and I’ll help you find just the right space.

 

 So, How’s the Old Town Alexandria Housing Market Doing These Days?

As the chart below illustrates, over the past few months, pending sales and solds have mirrored actives – as inventory goes up, so do sales.  In a nutshell, there are buyers out there looking for homes in Old Town Alexandria, but inventory is in short supply.  If you have an Old Town Alexandria home you are thinking of selling, this may be a good time – give me a call to talk about your options and whether it makes sense for you to sell in this market.

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