Alexandria VA (City) Real Estate
Market Snapshot Report October 09
Condo Inventory Getting Lower Detached Inventory On The Rise

Alexandria City Actives History Ending Oct 4 09

The number of condos for sale in Alexandria VA is on the decline according to the latest figures.  As you can see, more condos are getting absorbed by buyers, whereas the inventory for townhouses and detached homes for sale has recently started to increase.  Here are the numbers for homes actively on the market in Alexandria City over time:

 

Jul 6, 09

Aug 3, 09

Sep 7, 09

Oct 4, 09

Condos

236

234

229

215

Townhouse/Duplex

178

156

159

164

Detached

92

82

73

86

When we look at the homes that are under contract, this means that buyers who are actively looking at Alexandria VA real estate and homes for sale have chosen these homes, written a winning offer, and the seller has accepted.  They have not yet settled, but they were chosen for one reason or another (could be price, condition, or location!) and are no longer on the active market.

Alexandria City Under Contract Ending Oct 04 09

Understandably, if the inventory for condos is going down, then that means that the number of contracts is going up.

 

Jul 6, 09

Aug 3, 09

Sep 7, 09

Oct 4, 09

Condos

74

86

81

99

Townhouse/Duplex

63

86

69

62

Detached

40

32

21

30

Noticeable spikes can be seen in the condo activity, an increase in the number of contracts accepted from 81 to 99 from August to September.  Whereas the contract activity on the townhouses peaked at 86 and took a sharp decline down into the 60's.  Activity on the detached homes was finally on the upswing after a consistent decline in the past few months.

Are you in the market for real estate and homes for sale in Alexandria VA?  Then be sure to click on the following links to get a list of homes for sale in the MLS.

Condos for sale in Alexandria VA

Townhomes for sale in Alexandria VA

Detached homes for sale in Alexandria VA