Home Sales in Alexandria’s 22301 Zip Code Jump in March 2009

Home sales in Alexandria’s 22301 zip code almost doubled from March 2008 to March 2009 with a jump from 9 sales to 15, an increase of 66%.

In what we think is an accurate reflection of sellers coming to terms with appropriate listing prices and buyers taking advantage of low interest rates and competitive prices, homes in the 22301 zip code spent an average of only 55 days on the market in March 2009 as compared with 114 days in March 2008.  In fact, as you look at the chart below, you will notice that only 3 homes stayed on the market longer than 50 days.

At the same time, the average list price was down 9% from $684,622 to $618,373 and the average sold price was down 9.1% from $609,753 to $667,211.

If you’ve been dreaming about a house in the ‘close-in’ neighborhoods of 22301, let’s make that dream a reality.  Give me a call at 703.927.4554 and we’ll make it happen.