Northern Virginia Real Estate Market Report for January 2012 – Video
Houses are being snapped up quickly. There are officially more buyers than there are sellers, so in case you didn’t get the memo…we’re in a sellers market.
February 15th, 2012 tamzoo Posted in Market Reports, Statistics, Videos No Comments »
January 21st, 2012 tamzoo Posted in Market Reports, Statistics No Comments »
November 12th, 2011 tamzoo Posted in Market Reports, Statistics No Comments »
Alexandria (City) Va Real Estate Sales and Market Report for October 2011

For the month of October 2011, there were 138 homes that sold in Alexandria City, with sales totaling $59,725,362. The median sales price for homes was $385,500 and the average sold price was $432,792. On average homes stayed on the market for 67 days and were sold at 95.1% of their asking price.
Mouse over the interactive chart below and you’ll see that sales in October 2011 came back from a three month decline. In July there were 186 homes sold, in August 166, and in September there were 124 homes that sold. Distressed sales (Alexandria foreclosures and short sales) continue to play a minimal role in the overall market. In October, there were only 13 foreclosures that sold, and 9 short sales.
What was the effect of the median sales price for homes in Alexandria City for October 2011? Since April, the median sales price of homes has been teeter-tottering. It been up one month, down the next. In May, the median sales price peaked at $493,000; in October, the median sales price was down to $385,500.
Did Alexandria City homeowners just give their properties away in October 2011? Traditional homeowners didn’t, but in transactions that involved the banks, the buyers were able to negotiate the prices down. In October, home sellers received 95.10% of their original asking price. Properties that were bank owned foreclosures got 93.32% of the original asking price, and short sales were sold at 89.37% of the original asking price. This supports that the ‘deals’ are still in the Alexandria short sales and foreclosures.
October 13th, 2011 tamzoo Posted in Market Reports, News, Statistics No Comments »
Northern Virginia Market Watch Video for September 2011
Reiterating that all real estate is local, and the local forecast continues to outperform the national real estate market. Pending sales were up from last September. In September 2010, the number of pending sales was 2,231 and for September 2011 the number of pending sales was 2,394, an increase of 7.3%. Rock bottom interest rates continue to add fuel to the desire to make a home purchase. The number of homes for sale decreased. In September 2010, there were 11,802 homes on the market, while the number dropped to 9,130 this past September. The median sales price increased from $350,000 in September 2010, to $362,000 in September 2011.
See Also – Northern Virginia Market Watch for July 2011
October 6th, 2011 tamzoo Posted in Buyers, Sellers, Statistics No Comments »
Del Ray Real Estate Market Report Alexandria VA -
September 2011
How many homes sold in the Del Ray area during the month of September 2011? Remember that the Del Ray area covers zip codes 22301 and 22305. So let’s start with the zip code of 22301. Take a look at the interactive chart below and use your mouse to roll over the different points. In September 2011, there were 13 homes that sold in the Del Ray zip code of 22301, this was down from 17 homes that sold, both in the months of July and August.
In the zip code of 22305, sales were up two units from 10 in August, to 12 in September.
How did the two zip codes compare when it comes to the median sales price? In the Del Ray zip code of 22301, the median sales price increased from $525,000 in August 2011 to $680,000 in September. In the Del Ray zip code of 22305, the median sales price also increased from $388,500 in August 2011 to $542,500 in September 2011. Some home sellers in Del Ray saw a decrease in the average days on market. In 22305, the time it took to sell a home in Del Ray went from 48 days in August 2011, down to 41 days in September. However, in 22301, homes stayed on the market longer, going from 47 in August 2011, to a whopping 98 days in September.
If you are thinking about selling your home in Del Ray, please call me at 703-623-8759. If you’re thinking about buying a home in Del Ray, here are the newest listings to hit the market:
September 1st, 2011 tamzoo Posted in Del Ray, Market Reports, Statistics No Comments »
August 9th, 2011 tamzoo Posted in Market Reports, Statistics, Videos No Comments »
Northern Virginia Market Watch Video for July 2011
So what’s the real estate market like in Northern Virginia for July 2011? Here’s the latest video that details the statistics for the region. Based on sales data, inventory levels plunged, median sales price increased. Are we experiencing a sellers market here in Northern Virginia? Watch the video and see for yourself.