Potomac Yard | Del Ray | Old Town Alexandria Real Estate News

March 1, 2012

Another Condo For Sale In Palazzo At Park Center Under Contract

 Another Condo For Sale In Palazzo At Park Center Under Contract

Palazzo at Park Center Condos For Sale -  Alexandria VA listing agent Tamara Inzunza has listed another condo for sale at the Palazzo at Park Center, that has just gone under contract!  This ground level unit offered two bedrooms and one full bath.  Interior features included wood laminate flooring, an updated kitchen with stainless steel appliances and granite countertops, and palladian windows.  The exterior has two balconies, one off of the living room, and the second off of bedroom #2.  Amenities at the Palazzo at Park Center include an outdoor pool, fitness center, and clubhouse.  This unit conveys with one underground parking space.

 

Condos For Sale Palazzo         Alexandria Condos For Sale
Palazzo At Park Center Photo Tour

 

Feb. 15, 2012

Northern Virginia Real Estate Market Report for January 2012 - Video

Northern Virginia Real Estate Market Report for January 2012 - Video

 

Houses are being snapped up quickly.  There are officially more buyers than there are sellers, so in case you didn't get the memo...we're in a sellers market.

Posted in Market Reports, Videos
Jan. 31, 2012

Tam's Tuesday Tip - What Makes You Click

Tam's Tuesday Tip - What Makes You Click

Please join me in helping my future sellers.  Will you tell me, "What Makes You Click?" when you're looking at Alexandria VA homes for sale online?  Inquiring sellers really want to know.  Watch my quick video below and comment here or on my Facebook page.

The first 10 comments, names will be entered into a drawing for a $50 gift card to the Cheesecake Factory.

                               

Posted in Buyers, Sellers
Jan. 22, 2012

Northern Virginia Home Sales Stats for December 2011 - We're In A Sellers Market

Northern Virginia Home Sales Stats for December 2011 -
We're In A Sellers Market

National doom and gloom?  Who knew that Northern Virginia was in the middle of a sellers market?  According to the real estate sales statistics for December 2011, that's the real deal.  Here's the video:

Posted in Market Reports
Nov. 29, 2011

Alexandria VA Real Estate - Are There Any Black Friday Deals?

Alexandria VA Real Estate - Are There Any Black Friday Deals?

Undoubtedly your email inbox has been flooded with Black Friday and Cyber Monday deals.  And according to news reports, it's actually been a record setter.  But what about real estate?  Are there ever any 'Black Friday' deals when it comes to buying houses?

I'm working with a couple of buyers right now who would say so.  Scenario #1: My buyer found a 'steal of a deal' on a foreclosure.  It was a 2BR/2BA condo in the building where he wants.  This home was priced to sell.  My buyer went out of town with the intention of submitting an offer upon his return.  Not only was the condo under contract, but so were four others out of the seven that we saw!  File this one under  'the one that got away'.  Scenario #2: My buyer found a short sale condo that had already had multiple offers.  After submitting an offer, he was disappointed only to learn that the seller selected a cash offer that was lower.

Here in Northern Virginia, we have multiple cycles in our real estate market.  We have the traditional spring market, where historically sellers are able to get the most for their home, but that's also when buyers usually compete the most.  There's also the 'post-Father's Day market'.  This is the time after school ends and families take a vacation, then decide to beef up their home search in order to be settled in before school starts.  And finally, there's the holiday market.  That's the market that we are in now.  This is the market where you will most likely find 'HAVE TO SELL' sellers.  You'll also face some competition among other buyers because the market will include buyers who want to be in their homes before Thanksgiving, before Christmas, or before December 31 for tax purposes.

Home affordability is at an all time low in Northern Virginia.  Not only will your pre-approved dollar go farther than it's gone in the past five years, but with seller concessions (paid closing costs and home warranties), there are deals in place that will be contingent upon you closing before December 31.

You may want to keep an eye out of the Fannie Mae foreclosures.  Did you know that you can purchase a Fannie Mae foreclosure with as little as $500?  Here are the newest foreclosures that have hit the market in Alexandria, are you ready to go house shopping yet?

 

Posted in Buyers, Foreclosures
Nov. 12, 2011

Alexandria (City) Va Real Estate Sales and Market Report for October 2011

Alexandria (City) Va Real Estate Sales and Market Report for October 2011

For the month of October 2011, there were 138 homes that sold in Alexandria City, with sales totaling $59,725,362.  The median sales price for homes was $385,500 and the average sold price was $432,792.  On average homes stayed on the market for 67 days and were sold at 95.1% of their asking price.

Mouse over the interactive chart below and you'll see that sales in October 2011 came back from a three month decline.  In July there were 186 homes sold, in August 166, and in September there were 124 homes that sold.  Distressed sales (Alexandria foreclosures and short sales) continue to play a minimal role in the overall market.  In October, there were only 13 foreclosures that sold, and 9 short sales.

What was the effect of the median sales price for homes in Alexandria City for October 2011?  Since April, the median sales price of homes has been teeter-tottering.  It been up one month, down the next.  In May, the median sales price peaked at $493,000; in October, the median sales price was down to $385,500.

Did homes in Alexandria City stay on the market longer in October 2011?  Aleaxandria VA homesellers have reason to smile.  The average days on the market continue to improve.  After the spike in August at 80 days, September's numbers improved to 73 days, and in October came down to 67 days.

 

Did Alexandria City homeowners just give their properties away in October 2011? Traditional homeowners didn't, but in transactions that involved the banks, the buyers were able to negotiate the prices down.  In October, home sellers received 95.10% of their original asking price.  Properties that were bank owned foreclosures got 93.32% of the original asking price, and short sales were sold at 89.37% of the original asking price.  This supports that the 'deals' are still in the Alexandria short sales and foreclosures.

 

 

 

 

Posted in Market Reports
Nov. 9, 2011

Open Houses For Bucknell Manor - November 13

Open Houses For Bucknell Manor - November 13 - 6913 Kenyon Drive, Alexandria VA 22307

Bucknell Manor Homes For Sale - Come see this pristine four level duplex that has been completely renovated this Sunday, November 13 from 1-4 PM.  This move-in ready home offers hardwood floors, a new kitchen with extended island, stainless steel appliances, and maple cabinets.  Three generous sized bedrooms, three full baths, and a finished basement with recreation room, full bath, and front loading washer and dryer.

Posted in Open House
Nov. 8, 2011

Bucknell Manor Duplexes and Homes For Sale

Bucknell Manor Duplexes and Homes For Sale

Just Listed in Bucknell Manor - The four level duplexes are rarely available, so Alexandria VA listing agent Tamara Inzunza is ecstatic about the debut of this pristine renovation.  This home has been redone in preparation for today's buyer.  Starting with the living space, this home includes three bedrooms and three full baths.

The fourth level (some may call it a loft) is dedicated to the master suite. There is a sitting room, closet, bedroom, and a full bath.  The bathroom includes new flooring, light fixtures, ceramic tile surround in the shower, toilet, and cabinet sink.  There is also new berber carpet in the master bedroom, but don't worry, the original hardwood floors are in place underneath.

On the third level, there are two bedrooms with shining hardwood floors, new windows, and closet doors.  The full bath is in the hallway and this provides the perfect fit for a roommate situation.

The main level includes a beautiful kitchen with stainless steel appliances and oversized island.  The appliances include a built-in microwave/convection oven, gas stovetop, dishwasher, and refrigerator with icemaker.  The kitchen provides for added countertop space and storage.

The abundance of space continues to the lower level with a recreation room, full bath, and utility room with front loading washer and dryer.  The basement is walkup level, and the backyard is fenced.  Off the kitchen is a door to the back that will lead you onto the elevated deck.

This home is ideal for buyers who have pets and need yard space, but also for those who may have been considering comparable Alexandria VA condos for sale.  With this duplex, there is no monthly association fee!  Without this added monthly expense, you will increase your buying power.

See Also: All Bucknell Manor Homes For Sale

See Also: Sell My Bucknell Manor Home

Other homes I've recently sold in Bucknell Manor:

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Nov. 2, 2011

Things To Do In Alexandria VA - November 2011 Events Calendar

Things To Do In Alexandria VA -
November 2011 Events Calendar

November 2011 Calendar

 There's no shortage of things to do in and around Old Town Alexandria for the month of November 2011.  In addition to celebrating Veteran's Day, there are numerous plays, concerts, and even cooking demonstrations!  Click here for a print friendly version of my November 2011 events calendar, and I'll look forward to seeing you in and around Alexandria VA this month!

    

Posted in News, Things To Do
Oct. 31, 2011

Alexandria VA Short Sales - Gone and Back Again | Midtown Alexandria Condo Reduced Price

Alexandria VA Short Sales - Gone and Back Again |
Midtown Alexandria Condo Reduced Price

 Midtown Alexandria Condo
One buyer's cold feet means one more opportunity to purchase an Alexandria VA short sale.  My listing at Midtown Alexandria Station Condos, Unit 412 was off the market, but now it's back on needs a buyer.  That means you have another chance to own this one bedroom + den home with a covered garage parking space. It's move in ready, and building amenities include:

  • 24-hour concierge
  • internet cafe with complimentary coffee and tea
  • one bedroom guest suite that can be rented
  • fitness center
  • massage room
  • outdoor pool
  • outdoor kitchen area with grill
  • secure building

Here is a photo tour of the amenities of Midtown Alexandria Station condos:

 

Whether you're commuting to work, or are out and about checking out the cool things to do, wouldn't it be nice to leave your car parked in the garage and walk across the street to the Huntington metro? Enjoy dinner and a movie just one stop away at the AMC Theature and restaurants at Eisehower Avenue metro, or visit the historic sites in Old Town Alexandria just two stops away at the King Street metro.  Call me at 703-623-8759 to take a look at this lovely unit today.

If you are an Alexandria VA homeowner and you are facing a financial hardship, please contact me to discuss your options to avoid foreclosure.  As a short sale specialist, I can help you determine what’s your best course of action.

Alexandria VA Short Sale Specialist | 703-623-8759

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northern Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759.