Alexandria Real Estate Market Report for Old Town – February 2010
March 19th, 2010 Categories: Market Reports, Old Town
The February 2010 Real Estate Market Report for Old Town shows an increase of 20 percent in the number of sales from February 2009 to February 2010 but a decrease of 13.5 percent in the average sold price for the same time period.
This decrease is explained in part by the lack of any million+ listings in February 2010 while there was an almost two million dollar listing in the 2009 numbers.
The number of days on the market (DOM) was the same for both February ‘09 and ‘10 – 66 days. One 2010 listing took 277 days to sell while one listing sold the first day. This is a nice change from the triple digit DOM in January 2010.
Overall, the February numbers look strong and are a welcome sight as we move into the spring selling season.
The numbers below represent sales of single family dwellings, condominiums are not included.
| February (OldTown) |
2009 |
2010 |
| Av. List Price |
$738,217 |
$628,747 |
| Av. Sold Price |
$709,700 |
$614,093 |
| Low List Price |
$329,900 |
$319,900 |
| Low Sold Price |
$332,000 |
$316,000 |
| High List Price |
$1,750,000 |
$949,000 |
| High Sold Price |
$1,660,000 |
$924,500 |
| # of Home Sales |
12 |
15 |
| Av. Days on Market |
66 |
66 |
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