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

Old Town Alexandria Short Sales |
Wachovia Short Sale Fast Program Track Cuts The Wait For Old Town Homeowner Facing Foreclosure 

415 S. Royal Street Approved Short Sale In Old Town Alexandria

Old Town Alexandria homeowners facing foreclosure can get faster help if they have a mortgage with Wachovia.  We’ve just completed another successful short sale, this time with Wachovia Mortgage.  Wachovia has recently introduced its Short Sale Fast Track program which significantly reduces the dreaded ‘wait period’ that comes with buying a short sale. 

I commend Wachovia for being a frontrunner in changing the way that they process short sales.  As as short sale listing agent, one of the hardest parts of the transaction is keeping the buyer interested while other homes come and go on the market.  It’s tough for the anxious seller to wait for a response as well, because they need to make plans for finding another home. 

With a streamlined approach, the Wachovia Short Sale Fast Track program has distinct advantages that other banks do not offer including: 

• the homeowner/borrower does not have to be late on the mortgage to be considered for the program
• may offer up to $2500 to the homeowner
• less documentation than what is typically required, only the listing agreement, purchase contract, and preliminary HUD-1 settlement statement as prepared by a local settlement attorney
• no deficiency judgment or promissory note
• response within 30 days, and closing within 30 days after approval

If you currently have a mortgage with Wachovia, you may qualify to sell your home as a short sale by participating in their Fast Track program.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

The Tiers and Tiers II Condos In
Manchester Lakes Alexandria VA 22310

Tiers I Condos at Manchester Lakes

The Tiers and Tiers II condos of Manchester Lakes are perfect for residents who want a unique floor plan along with a loft and garage.  The Tiers condominiums include three different floor plans:

• the main level Solarium model, two bedrooms and one bath, patio
• the mid-level Chalet model, two bedrooms and two full baths, balcony, loft, and 1-car garage
• the top-level Retreat model, two bedrooms, two full baths, balcony, spiral staircase to loft, and 1-car garage

Both Tiers I and Tiers II communities have a pond and residents enjoy all of the Manchester Lakes amenities.  And all home types include a wood-burning fireplace, and washer and dryer (or hookup).

Tiers I is adjacent to the condos of Essex House, and residents have the benefit of Fairfax County Public Schools, including Franconia Elementary, Mark Twain Middle, and Thomas Edison High School.

The Tiers I and Tiers II communities are pedestrian- and pet-friendly, and the courtyard areas also have grills.  Both are also walking distance to the restaurants and shops of Kingstowne.

Tiers II Condos

Other Tours of Manchester Lakes Condos in Alexandria VA

• Essex House Condominiums Tour

Selling in The Tiers at Manchester Lakes: List Your Tiers I or Tiers II Condo

Buying in The Tiers at Manchester Lakes: Tiers Condos For Sale

Manchester Lakes On The Map

Old Town Alexandria VA Open Houses
 Harbor Terrace Condo At 521 Bashford Lane Unit 6
 Open House 1-4, Sunday February 21, 2010
 

 Come and see this affordably priced and conveniently located home in Harbor Terrace Condos at 521 Bashford Lane Unit 6 in Old Town Alexandria VA 22314.  Features include:

• Loft unit with wood-burning fireplace
• Vaulted ceilings
• Updated bathroom with pedestal sink
• Updated appliances
• Updated light fixtures throughout
• Customized closets by Closets By Design
• Two parking permits for open community parking for residents,  plus off-street parking
• Additional storage closet
• Washer and dryer in unit
• Berber carpet

The Harbor Terrace condominium community is conveniently located at the north end of the northeast quadrant of Old Town Alexandria.  It is less than five minutes from Reagan National Airport, one traffic light from Washington DC, and Old Town conveniences include walking and bike trails, grocery, dining, and a short walk to the Potomac River waterfront.

Don’t Miss: Harbor Terrace Photo Tour

Must See: Guide To Alexandria Condos

Must See: All Condos For Sale In Harbor Terrace

Essex House Condos Tour In Manchester Lakes Alexandria VA
Two Bedroom Condos, Upper Floor With Loft

Part of the Manchester Lakes planned community in Alexandria VA (22310), Essex House condominiums offer comfort, convenience, and a walkable community that’s close to shops and restaurants.

Just under 10 minutes from the beltway (I-495), Essex House residents benefit from the Fairfax Connector bus service that goes directly to the Franconia-Springfield metro (end of the blue line) and being just two red lights to the I-95 HOV lanes. 

Highly acclaimed Fairfax County Public Schools nearby include Franconia Elementary, Mark Twain Middle School, and sought-after Thomas Edison High School.

In addition to enjoying the amenities of Manchester Lakes, Essex House residents can take advantage of recreational activities at the nearby Lee District Recreation Center, Greendale Golf Course, Hilltop Golf Club, and the family-friendly Top Golf in Kingstowne.

 The spacious floor plans in Essex House condos offer two model types.  The Coventry and the Gentry models are both two bedrooms and square footage ranges from 981 (without the upper level loft) to 1301 (with the upper level loft).  The lower level units have an enclosed patio, and the upper level units have private balconies.  Upper level units with lofts are highly desired, as the spiral staircase access to the loft is very contemporary, and the added square footage of the loft is perfect for storage, a home office, or recreational den.  All homes have a wood-burning fireplace and washer/dryer (hookup).

More Information on Other Manchester Lakes Condos

 - Tiers of Manchester Lakes

Selling In Essex House: List Your Essex House Condo For Sale

Buying In Essex House: Essex House Condos For Sale

Manchester Lakes Real Estate Sales Update For January 2010

How did the condos and townhomes for sale in Manchester Lakes (Alexandria 22310) compare in January 2010?  Take a look at you’ll notice that the high number that stands out is the current number of active condos for sale. Home sellers in the Tiers, Tiers II, Surrey, Essex House, and Victoria Crossings are likely competing with the neighboring Kingstowne condos for sale (see Kingstowne stats for January 2010).

The community of Manchester Lakes continues to draw first time home buyers with the affordable condos.  The townhomes in Manchester Lakes rarely come on the market, but when they do, they are usually sold pretty quickly.  Last month, one townhome went under contract.  I’ll be keeping a close eye on the Manchester Lakes condo activity over the next couple of weeks.  Condo home sellers should be sure that when they check the competition that their listing agent not only stays on top of the immediate 22310 condo inventory, but also the adjacent 22315 condo inventory. 

See Also: Kingstowne Real Estate Market Update for January 2010

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

Del Ray Alexandria VA (22301 and 22305) Market Stats And Real Estate Update For December 2009 |
Lots Of Detached Home Inventory

What’s the real estate market like in Del Ray right now?  According to the numbers, the townhome sales are pretty stable, but if I’m a condo howmowner or a detached homeowner, I’m probably biting my nails.  With the extended homebuyer tax credit, you’d probably expect more activity with the Del Ray condos for sale, but based on MRIS data, no condos have gone under contract in the past 30 days (contract date of 12/09/2009 or later).

And with 10 townhomes going under contract, it makes you wonder where the Del Ray townhome sellers are going?  Are they relocating out of the area (Northern Virginia), or just out of the zip code?  Ten townhomes went under contract, all priced below $600,000, but if you look at the detached activity, it’s reasonable to guess that these homeowners didn’t buy up and stay in Del Ray.  Sixteen detached homes for sale in Del Ray and they’re all either under $900,000 or over $1Million in asking price.

If the townhome sellers are moving up and staying in the area, perhaps they are moving out to the Greater Mount Vernon area, in the Fairfax County Alexandria zipcodes of 22306, 22307, 22308, and 22309 for a detached home with more of a suburban lifestyle.