Kingstowne VA 22315 Market Statistics and
Real Estate Update For June 2010

For the Kingstowne condos for sale, the inventory of units in the $200,000′s are crowding themselves. In order to shine, and be one of the units lucky enough to get an offer in the next 30 days, today’s buyer is looking for upgrades, cleanliness, and move-in readiness. Four Kingstowne condos went under contract in the last 30 days.   The units in th $300,000′s are holding strong, with not as many competing in that bracket, including one unit that went under contract recently.

What’s really coming on the market for sale in Kingstowne VA are the townhomes priced in the $400,000′s. Out of the 52 townhomes for sale, 29 are in the $400’000′s; and the $500,000′s are coming in second place with 16 units for sale.  What’s really going are the Kingstowne townhomes in the $300,000′s.  Perhaps with the expiration of the Federal Homebuyer Tax Credit, buyers in this price range may be one-income households who are passing on the $200k condos, for a little more space, and more ownership bang for the buck by avoiding a condo fee.

If you’re thinking about putting your detached Kingstowne home up for sale, then you won’t have a lot of competition. One home for every bracket from $400,000 to $799,999.  Now may be the time.  If eleven townhome sellers now need a new place to call home, they just might want to stay in the neighborhood!

See Also: Kingstowne Real Estate Video Tour

Kingstowne VA Real Estate For Sale And Market Statistics For January 2010
Townhomes For Sale Saw The Most Activity | More Condos Hit The Market

How did the real estate market in Kingstowne (Alexandria 22315) do last month?  The numbers are enlightening, especially for the townhomes.   The number of townhomes for sale that went under contract was up from 6 units last month to 13, and as you can see, the bulk of that inventory that was absorbed by ready buyers that were in the $400,000 – $499,999 price range.

While the real estate market for condos for sale in Kingstowne VA also witnessed a slight increase in units sold, up one unit from 5 last month to 6, there were also more Kingstowne condos for sale that entered the market.  Condo home sellers in Eton Square, Chancery, Stratford Place had stiff competition as the units that sold were split evenly between the $200k price range and the $300k price range.

Detached homes for sale in Kingstowne VA remained calm with 5 homes actively for sale, and only one that went under contract.

The Kingstowne VA real estate market seems pretty balanced,and as I’ve been saying in my previous posts, I think the traditional spring market is here and now.  If the tax credit is not extended again, I believe that many buyers may lose their motivation to buy and exit the market.

See Also: Kingstowne Market Stats for December 2009

See Also: Kingstowne Real Estate Video Tour

See Also: Sold in Kingstowne – 6974A Ellingham Circle in Eton Square

See Also: Sold in Kingstowne – 6431 Castlefin Way in the North Village

Kingstowne (Alexandria) VA Real Estate Market Stats December 2009 |
 A Balanced Market For Condos And Townhomes

So, how’s the real estate market in Kingstowne you ask?  Take a look and you’ll see that things look pretty balanced when it comes to condos for sale, and townhomes for sale.  In the past 30 days, five condos have gone under contract, and five units are still on the market.  Evenly distributed in price, three units available in the $200k price range and the same number of units sold.  Likewise in the $300k price range, two units available, and two units sold. 

The townhome price range that saw the most number of units under contract was the $400k range.  The single-family homes for sale in Kingstowne look pretty stagnant based on the previous month’s activity.  Only one detached home sold, and that was a new construction home in the North Village built by Richmond American. 

What about distressed homes in Kingstowne?  Are there currently any short sales for sale in Kingstowne?  Surprisingly NO!  However, there are two bank owned foreclosures currently for sale in Kingstowne.  Also, two short sales in Kingstowne have gone under contract in the past 30 days, and one foreclosure has gone under contract in the past 30 days. For a neighborhood of 5300 homes, that’s a record low number of distressed sales which is positive sign for the stability of the subdivision.

If you’re a condo or townhome owner in Kingstowne, it looks like now is a great time to sell!  If you’re looking to buy a single-family home in Kingstowne, it looks like now is a great time to negotiate!

Kingstowne VA Condos For Sale | Eton Square Condo | Open House This Sunday
6974A Ellingham Circle Alexandria, VA | Sept 13 1-4 PM
Real Estate and Homes For Sale In Kingstowne Alexandria VA

Features and special improvements of this beautiful Kingstowne VA Condo for Sale in Eton Square:

• Ground level unit
• Open floor plan with two bedrooms and two full baths
• Ceramic tile in foyer
• Gas fireplace in living room
• Custom window treatments in dining room
• Patio off dining room
• Granite countertops in kitchen
• Master bedroom with walk-in closet, full bath, and patio
• Bedroom #2 with large closet and direct access to second bathroom

Enjoy all of the benefits of and amenities of owning Kingstowne VA real estate including close proximity to the Franconia-Springfield metro (blue line), walk to Kingstowne VA shopping, restaurants, and Kingstowne Stadium 16 movie theatre.

Kingstowne VA Real Estate | Home For Sale at 6431 Castlefin Way |
Open House Sunday, August 16 1-4

Kingstowne VA Real Estate

Kingstowne is one of Alexandria VA’s more popular neighborhoods.  Located in Fairfax County, Kingstowne VA runs from the intersection of Fraconia Road and Van Dorn Street, to Beulah Road and Kingstowne Village Parkway.

If you’re looking at real estate and homes for sale in Kingstowne VA, be sure to stop by 6431 Castlefin Way this Sunday for the open house.  This home is located in the North Village and is within the Fairfax County Public school boundaries of Anthony T. Lane Elementary School, Mark Twain Middle School, and Thomas Edison High School.

Sited on a cul-de-sac, and backing to trees, this move-in ready Kingstowne VA home offers special touches including:

• Three fully finished levels of living space
• Three bedrooms plus den
• Three full baths + one half bath
• Hardwood floors in foyer and dining room
• Ceramic tile in kitchen, gas cooking, side-by-side refrigerator
• Separate dining room
• Step-down living room
• Rear balcony, walk out basement, backing to trees
• Master bedroom with walk-in closet and luxury bath (double vanity sink, separate soaking tub, separate shower)
• Rec room with gas fireplace
• Two assigned parking spaces in front + ample visitor parking

Open This Sunday, Sept 14 from 1-4pm
5510 Jowett Court
Alexandria, VA 22315 – $559,500
Kingstowne

This elegant brick front end unit townhome offers many special touches for the pickiest buyer.  Improvements and features include:

• Sought-after North Village location, offering convenience to the Van Dorn metro station on the blue line, and five traffic lights to I-495 beltway
• Master bedroom with step-down sitting room, and step-up luxury bath
• Family room off-kitchen
• Hardwood floors
• Lower level rec room with gas fireplace
• Rear deck and patio

• Gourmet kitchen with marble counters

  Schools: Elementary – Bush Hill; Middle – Mark Twain; High – Thomas Edison