Realty Times - Alexandria, Virginia Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Alexandria
Rosemont, Alexandria

Market Conditions Summary for Alexandria, Virginia

Reported by

Cheryl Shier
as of 12/2/2008:

Sellers who are interested in "testing the waters" should shy away from this market. If you want sell, update only what is necessary to get your house sold. Buyers are much more interested in the "bells and whistles" like hardwood floors and granite... MORE->
About Cheryl Shier

Reported by

Barb Northam
as of 12/1/2008:

Alexandria is a buyer's market. Prices are down 9% overall from last year this time. NOTE: This is literally community-by-community--as in some areas there are tiny little BIDDING WARS! There's been an increase in the number of homes sold this year... MORE->
About Barb Northam

Reported by

The Claypool Team
as of 11/19/2008:

The market activity in Alexandria is still a great buyers market with terrifically low interest rates and higher inventory. For the month of October the average sold price was down slightly by 7%; total units sold up slightly at 2%; average days on... MORE->
About The Claypool Team

Reported by

Tony Ward
as of 11/15/2008:

Lawrence Yun, NAR chief economist, said pending sales contracts have picked up notably in areas undergoing significant price drops. "Bargain hunters have entered the market en masse, especially in areas that have experienced double-digit price... MORE->
About Tony Ward

Reported by

Ron Fowler
as of 11/10/2008:

Inventory of active listings (single family + condos) decreased from 830 at the end of September to 761 at the end of October. Sales during October totaled 141 units versus 160 in September. The average sales price of the properties actually sold... MORE->
About Ron Fowler

Reported by

Casey ONeal, Associate Broker
as of 11/7/2008:

Alexandria City is an attractive hot spot in the DC Metro area with close proximity to everything. $729,750 is the New Maximum Loan! See Details Below Market Stats. Here are some market stats for the month of October 2008: In... MORE->
About Casey ONeal, Associate Broker

Reported by

Steve Hawkins
as of 10/28/2008:

Alexandria prices are up this month, still a buyers market. Alexandria, and Old Towne are still hot spots. In September 2008 88 single family homes sold compared to 60 in September 2007. Days on market for September 90. Learn more about the... MORE->
About Steve Hawkins

Reported by

Janet Lange
as of 9/21/2008:

REMINDER: Jumbo loans will only be available until December 31, 2008. The government takeover of Freddie Mac and Fannie Mae this September has caused interest rates to drop significantly and a rise in home mortgage applications. The National... MORE->

Reported by

David H. Lohman
as of 8/15/2008:

The current Market in Northern Virginia is a strong Buyers Market. Inventory is at an all time high and prices are falling 1-5 percent each month in most areas. Cost of gas is actually stimulating the sale and rental market in Fairfax, Alexandria... MORE->
About David H. Lohman

Reported by

Charlene Bayes www.CharleneBayes.com
as of 8/9/2008:

As you can see from my listings, the market is doing well...Alexandria and the Northern Virginia metro area is a wonderful place to live! Check out my new website and the best MLS Search possible! I received my ABR, Accredited Buyer's... MORE->
About Charlene Bayes www.CharleneBayes.com

Reported by

Mary Lou Sage
as of 8/1/2008:

The market continues to be in favor of the buyer, sales are picking up in our area. At the end of July the 30 year rate was approximately 6.25% The new temporary conforming rate goes to $729,750 , with the rate being a bit higher than the standard... MORE->
About Mary Lou Sage

Average Current Market Rating: 1.8 (11 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.4 (11 ratings)

1	2	3	4	5
Falling			Rising

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Rosemont, Alexandria

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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