If you’re in the market to buy a home, the Alexandria real estate scene has been busy.
According to Homesnap, there are 358 homes for sale with a median list price of $420,000.
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This week’s Q&A column, sponsored and written by McEnearney Associates Realtors®, the leading real estate firm in Alexandria, is a bit of a departure from our usual format. To learn more about this article and relevant Alexandria market news, contact us at 703-549-9292. You may also submit your questions to McEnearney Associates via email for response in future columns.
Produced by ACT for Alexandria, Spring2ACTion is an annual day of online giving that happens every April. Last year, a few weeks into the COVID-19 pandemic, the Alexandria community gave more than $2.4 million to support 156 nonprofit organizations that are important to us… but we can do more!
The real estate market is busy in Alexandria.
As of April 11, there were 360 homes for sale with a median list price of $459,900 and a median sales price of $530,000, according to Homesnap.
This past week, 77 properties were sold in Alexandria. These ranged from a historical $1.6 million Queen Street residence to a two-bedroom condo for $180,000.
Zooming out, Homesnap reports 360 homes listed for sale in Alexandria, including 247 condos, 56 detached homes and 57 townhomes.
Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates Realtors®.
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Question: What does a contingency period mean?
Answer: Like any industry, real estate has a ton of lingo that isn’t common to most people. To me, it’s incredibly important that someone who is buying or selling a home has all of the information and resources that they need — before the stakes get high! There is nothing worse than trying to make a difficult decision when you are unfamiliar with the terms.
Circa 1800, this exquisite Old Town home affords grand style with comfortable living set on spacious lushly landscaped grounds. A covered porch and gorgeous entrance greet you upon arrival, graced by a leaded glass fanlight and sidelights showcasing an original curved staircase with a shadow rail. Generously proportioned rooms are designed for intimate and large-scale entertaining with high ceilings, eight fireplaces with original mantels and crystal chandeliers.
The chef will be inspired by the gourmet kitchen equipped with honed marble countertops, elongated center island, and premium appliances, which opens to the light-filled breakfast room overlooking the backyard oasis. The new family room addition features a gas fireplace, wet bar and heated floors providing a casual space for get-togethers or movie nights.
This past week, 53 properties were recently sold in Alexandria. These ranged from a $1.8 million Old Town townhome to a $194,000 1 BD/1 BA condo.
Zooming out, Homesnap reports 318 homes listed for sale in Alexandria, including 228 condos, 45 detached homes and 45 townhomes.
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Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates Realtors®.
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Question: What are residential closing costs and how do they affect me?
Answer: One of the realities associated with the purchase and financing of residential real estate is the fact there will be transaction costs generally referred to as closing costs. Understanding, well in advance, what those costs will be is useful in planning for the purchase.