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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Alexandria, Virginia

Reported by Mary Lou Sage, REALTOR

Updated August 1, 2008.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 3




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Falling

Rising

The market continues to be in favor of the buyer, sales are picking up in our area. At the end of July the 30 year rate was approximately 6.25% The new temporary conforming rate goes to $729,750 , with the rate being a bit higher than the standard conforming rate. Industry economist are saying that we are still in a buyers market. Rates are low and there is a lot inventory out there and Real Estate is still the best tax strategy!

ZIP Codes: 22314, 22302, 22304, 22301, 22305

Approximate Location Boundaries: ALEXANDRIA CITY

Location Characteristics: "The fun side of the Potomac" refers to Alexandria, Our city offers fine formal and informal dining, unique boutiques, historic attractions, art galleries, a diverse population, an incredible appreciating housing market and lots of southern hospitality.The city is located across the Potomac River from Washington, DC.and offers 2 miles of waterfront. There are numerous festive celebratory events that take place year round in our parks and city. There are 2 metro stations and we are located 8 minutes from Regan National airport and 20 minutes from Capitol hill

For More Information:

View Market Conditions of other areas served by Mary Lou Sage

Navigate: Top > Virginia > Alexandria

About Mary Lou Sage:
Licenced agent in Virginia since 1982.
Ranked Top 5% of Realtors Nationwide.
Life Member Top Producers Club.
Relocation Specialist and Certified Buyer Representative.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 6.40%
15 Year Fixed: 5.93%
1 Year Adj: 5.33%
(U.S. Weekly Averages)

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