Archive for the 'Old Town' Category
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 listings 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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St. Patrick’s Day Parade in Alexandria, VA - 2010
March 6th, 2010 Categories: Alexandria, Old Town
Today was all about the wearing of the green at the 29th annual St. Patrick’s Day Parade in Alexandria, VA. It didn’t matter your age, nationality, sex or size or if you had two feet or four.
If you wanted to claim a bit of the green it was yours to wear with pride.
Moderate temperatures and bright skies drew record crowds who lined 10 blocks of King Street to see marching bands, beauty queens, Gaelic football teams, the KENA Shriners, Irish dancers, Irish wolfhounds, Alexandria Democrats, Alexandria Republicans, etc. etc.
Sponsored by the “Ballyshaners” (which means Old Towners in Gaelic), today’s parade was dedicated to “those who serve” with General Ann Dunwood, U.S. Army Materiel Command, as Grand Marshall.
Pat Troy, proprietor of Pat Troy’s Ireland’s Own and long time resident of Alexandria, is the guiding force behind the parade as well as its Master of Ceremonies. In fact, half the fun is listening to Mr. Troy’s well honed patter, his rich brogue as strong as the day he left County Kilcormac some forty years ago.
There may be bigger celebrations and parades more famous but St. Patrick’s Day in Alexandria, well, it’s ours.
Erin go bragh!
Michael
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Alexandria Real Estate Market Report for Old Town - January 2010
February 21st, 2010 Categories: Market Reports, Old Town
The January 2010 Real Estate Market Report for Old Town shows an increase of 42 percent in the number of listings from January 2009 to January 2010 but a decrease of almost 26 percent in the average sold price for the same time period.
The number of days on the market (DOM) dropped from 184 in 2009 to 106 in 2010. One 2010 listing took almost 600 days to sell while two listings sold in a day.
Interestingly, this is almost the complete opposite of what our December 2009 Real Estate Market Report showed. In that case, the number of listings were down but the prices were up as were the days on the market.
Overall we do not think this is cause for concern. Of the eight properties sold in January 2009, five were over a million dollars and the lowest sold price was $479,000. In January 2010, only five of the nineteen properties sold were over a million and the lowest sold price was $280,000.
The numbers below represent sales of single family dwellings, condominiums are not included.
For details on any of these listings or other properties in Old Town Alexandria, call me at 703.927.455.
Michael
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