Del Ray Alexandria VA (22301 and 22305) Market Stats And Real Estate Update For December 2009 |
Lots Of Detached Home Inventory

Del Ray Market Statistics

What's the real estate market like in Del Ray right now?  According to the numbers, the townhome sales are pretty stable, but if I'm a condo howmowner or a detached homeowner, I'm probably biting my nails.  With the extended homebuyer tax credit, you'd probably expect more activity with the Del Ray condos for sale, but based on MRIS data, no condos have gone under contract in the past 30 days (contract date of 12/09/2009 or later).

And with 10 townhomes going under contract, it makes you wonder where the Del Ray townhome sellers are going?  Are they relocating out of the area (Northern Virginia), or just out of the zip code?  Ten townhomes went under contract, all priced below $600,000, but if you look at the detached activity, it's reasonable to guess that these homeowners didn't buy up and stay in Del Ray.  Sixteen detached homes for sale in Del Ray and they're all either under $900,000 or over $1Million in asking price.

If the townhome sellers are moving up and staying in the area, perhaps they are moving out to the Greater Mount Vernon area, in the Fairfax County Alexandria zipcodes of 22306, 22307, 22308, and 22309 for a detached home with more of a suburban lifestyle.

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