Townhouse Market Update July 2013 Alexandria VA 22304
Real estate market data provided by Susan Haughton of Long & Foster REALTORS Old Town Alexandria.
ALEXANDRIA 22304 HOUSING INVENTORY
The Alexandria zip code of 22304 includes a number of sought after neighborhoods, including Townes at Cameron Parke, Cameron Station and Summers Grove.
Right now, there are 18 fee simple (non-condo) townhouses for sale in zip code 22304, ranging in price from $419,900 to $780,000 with an average list price of $639,406 and average days on market of 25 days. Of those 18 listings, 14 properties are located in Cameron Station, 2 in Townes at Cameron Parke, 1 each in Summers Grove and Cameron Knolls.
A quick look at the chart below shows that the active inventory has been steady for the past few months and is still relatively low compared to previous years, giving Alexandria VA home sellers an advantage. You'll notice that sales in 22304 generally mimic inventory supply; as inventory goes up, so do sales, which means there are plenty of buyers in the Alexandria VA 22304 market.
In 2012, your highest level of competition as a Alexandria VA home seller in 22304 would have been in September, when there were 143 active listings on the market. As we slide into the traditionally slower months of July and August, new listings remain at about the same levels as they have been for the past few months.
There are 19 listings under contract, so we have approximately one month's inventory on hand at this time. The average days on market of the listings under contract is 25 days while 12 properties closed in the past 30 days, after 23 days on market. Houses in the 22304 zip code are consistently selling.
If you are considering putting your Alexandria VA 22304 townhouse on the market this year, you may want to give serious consideration to getting it listed now rather than later. While we don't know what the market will do the rest of the year, what we know right now is Buyers ARE out there looking right now.
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