Realty Times - Alexandria, Virginia Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Alexandria
Rosemont, Alexandria

Market Conditions Summary for Alexandria, Virginia

Reported by

Cheryl Shier
as of 11/22/2009:

Home sales are on the rise, and with new buyers streaming in daily, it will be a good year for real estate sales. Prices are still dropping and are expected to continue dropping. No one has the magic ball with the answer as to when prices will stop... MORE->
About Cheryl Shier

Reported by

Ron Fowler
as of 11/16/2009:

Inventory of active listings as of Nov 16th is 477 homes. The number of properties sold during in the last month was 168. The current absorbtion rate or month's worth of supply is thus 2.84 months. The average sales price of the properties actually... MORE->
About Ron Fowler

Reported by

Mary Lou Sage
as of 11/15/2009:

FIRST TIME BUYERS TAX CREDIT HAS BEEN EXTENDED UNTIL APRIL OF 2010. INCOME LEVEL RESTRICTIONS APPLY, BUT HAVE BEEN RAISED. THERE IS ALSO A BILL WITH A $6500 CREDIT FOR PEOPLE WHO HAVE LIVED IN THEIR CURRENT HOME FOR 5 YEARS..CONFORMING INTEREST... MORE->
About Mary Lou Sage

Reported by

Casey ONeal, Associate Broker
as of 11/10/2009:

Alexandria City is an attractive hot spot in the DC Metro area with close proximity to everything. Home Buyer Tax Credit Extension Becomes Reality On 11/6/09 the President signed legislation approving an extension and expansion of... MORE->
About Casey ONeal, Associate Broker

Reported by

Charlene Bayes www.CharleneBayes.com
as of 11/7/2009:

The average listing price for Alexandria homes for sale was $597,857 for the week ending Oct 28, which represents an increase of 6.2%, or $34,783, compared to the prior week and an increase of 7.7%, or $42,596, compared to the week ending Oct 07.... MORE->
About Charlene Bayes www.CharleneBayes.com

Reported by

David H. Lohman
as of 11/6/2009:

Our President is likley to sign the extension for a Buyer $8000 tax credit through June '10. ADDITIONALLY- a SELLER tax credit for home owners of 5 years or more will get a $6500 tax credit for moving up. This will certainly keep the market moving... MORE->
About David H. Lohman

Reported by

Barb Northam
as of 10/26/2009:

Alexandria is a slight buyer's market. Prices are down 6% overall from last year this time. NOTE: This is literally community-by-community--as in some areas there are tiny little BIDDING WARS! There's been an increase in the number of homes sold... MORE->
About Barb Northam

Reported by

Tony Ward
as of 10/13/2009:

Lawrence Yun, NAR chief economist, said pending sales contracts have picked up notably in areas undergoing significant price drops. "Bargain hunters have entered the market in masses, especially in areas that have experienced double-digit price... MORE->
About Tony Ward

Average Current Market Rating: 2.8 (8 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.9 (8 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Alexandria
Rosemont, Alexandria

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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