Fort Hunt Market Trends - Jan 2014

Fort Hunt Market TrendsFort Hunt Alexandria VA 
Zip Code 22308

It would appear the cold weather this month slowed market activity a bit and folks are taking a breather. There were 4 closed transactions, down 50% for the same period last year and below the January 5-year average of 7 sold. Even so, the Median Sold Price was $665,000, up 5.8 % over December and .7% over the same period last year. Average Dayson Marketdeclined to 61 days, well below the prior month and the same period last year. Average Sold Price to Original List Pricewas 98.1% compared to 94.8% in the same period last year and 3.5% better than the prior month. 

It also appears an increased number of sellers have entered the market as the New Listings are up 100%, 22 homes versus 11 in the same period last year, bringing the total active listings currently on the market to 46. Of the active listings, 34 are priced above $600,000 and 14 of those are priced above $1,000,000. Given the recent increase in properties available, the ratio of pending sales per active listing is lower perhaps signaling a move in the buyer’s favor since more choices may be available. Of course that depends on the purchaser’s price point.  Interest rates remain relatively low which should serve as a stimulus for sellers and buyers as the market begins to swing into action. 

Check out our Fort Hunt Market Trends page for more information or view a PDF version of January statistics here.

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David Rainey and Sallie McBrien Alexandria VA RealtorsDavid Rainey and Sallie McBrien
David and Sallie are an experienced and results oriented team that are dedicated to meeting the needs of their clients.  Whether you are buying or selling your home, Your At Home Team is committed to your real estate success.
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