Alexandria VA Homes for Sale: December 2013

Old Town Alexandria 22314 November 2013 Market Report

Old Town Alexandria 22314 November 2013 Market Report

 

In October 2013, sales slowed just a little and days on market went up. Overall, the numbers showed a significant improvement over October a year ago, but down over September of this year. 

 

So, how did the real estate market fare in Old Town Alexandria in November 2013?  Let's take a look: 

 

 

                               Statistic                   Values           YoY        MoM

Total Sold Dollar Volume $37,542,500 +12.85% +26.35%
Closed Sales 53 0% +6%
Median Sold Price $578,000 +5.11% +4.05%
Avg Sold Price $708,349 +12.85% +19.19%
Avg Days on Market 37 days -35.09% -24.49%
Avg Sold to Orig List Ratio 96.91% -0.77% +0.45%

 

Clearly, November was a strong month for Old Town Alexandria real estate sales, as total sold volume was up more than 26% over the previous month.  Since October was undoubtedly affected by the government shutdown, it appears the market in Old Town rebounded from that nicely as sales were up 6%, the average sold price was up more than 19% and average days on  market went from an average of 49 days to 37 days. 

Over the past 5 years the average sale to original list price ratio has averaged 96.0%, while the average in November was 96.9%. The average sale to list price ratio peaked this year in March at 98.7%.  

 

 

 

What about average sales price?  Of course, it varies depending on the prices of the inventory at any given time.  In November, the highest priced listing to sell sold for $2,800,000;  9 listings priced over $1,000,000 sold in the month, with an average sold price of $1,539,722. 

 

The 5 year average in Old Town Alexandria 22314 is $601,820 while the November average was $708,349.  

 

 

 

 What about the value of YOUR house, though?  If you'd like to know more specifically what your house is worth, just contact me at (703) 470-4545 or susansells@longandfoster.com for a no cost, no obligation competitive market analysis.  

 

Old Town Alexandria 22314 November 2013 Market Report

 

From Northern Virginia to the Northern Neck, we provide you with stellar service (just read what some of our former clients have to say about it) and top notch market knowledge to help you sell your current home or buy your next dream home.

 Visit our website to search homes for sale or for more information on how we can work together to reach your real estate goals.

Comment balloon 4 commentsSusan Haughton • December 15 2013 12:38PM
Old Town Alexandria 22314 November 2013 Market Report
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Old Town Alexandria 22314 November 2013 Market Report In October 2013, sales slowed just a little and days on market went up. Overall, the numbers showed a significant improvement over October a year ago, but down over September of… more