Fort Hunt Market Trends - June 2013

Fort Hunt Alexandria VA
Zip Code 22308

This month we are sharing some of the Fort Hunt statistics compared to the same time last year.  Not very exciting reading, but the bottom line is things continue to look up.

As we pass the mid-point of the year, nearly all report categories show significant improvement over the same month last year.  Below are some of the stats: 

  • The number of units sold this month was 36 compared to only 21 sold in June 2012. 
  • Average sold price increased 13.44% to $643,953 compared to June of last year. 
  • The ratio of Average Sold Price to Average Original List Price was 98.2%; again an increase over last year.
  • Of the 36 properties that sold, 18 were under contract within 10 days or less.
  • The 3 bedroom homes has the largest increase from last year with a list price in 2012 of $473,333 to $576,408 in 2013; an increase of 21.78%.
  • Average sold price for homes with 4 or more bedrooms rose 18.28% to $716,067.
  • Average Days on Market (DOM) dropped to 30 days in June compared to 36 in 2012.  That is  41% below the 5 year June average of 51 days.
  • The contract ratio, as of June, is 15% higher than the 5 year June average, which indicates the market continues to move in the Seller’s favor!

Even with the increase in interest rates and inventory still low, buyers looking for that perfect home. 

Have a Question?

Not certain where to begin or have questions regarding the Fort Hunt area real estate market? We are here to help and are always happy to answer any questions you may have about buying or selling Fort Hunt properties. Give us a call at 703.286.1333 or send us an email and we'll help you get started.

Are you a buyer who is busy to pore over the Fort Hunt, Alexandria Virginia homes for sale? Use our Home Finder form to tell us know what you're looking for, and we'll set up searches for you for all the listings that match your specific requirements.

Contact Us Today - You'll Be Glad You Did

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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