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2013 Year in Review: Fort Hunt Real Estate Stats

Fort Hunt Living 2013 Real Estate Statistics in Review

Year in Review for Zip Code 22308

Lyssa Seward and Jane Cole, Realtors

Coldwell Banker Residential Brokerage in Old Town Alexandria

Hello Fort Hunters! 

Happy 2014!

We thought it would be interesting to take a quick look at how our 2013 real estate sales data for sold homes compared to that of 2012 and 2011.  Consider this a small historical prospective.

Here is what we found:

2013:

222 Sold Listings

Average List Price:                             $872,271*

Average Sold Price:                            $666,099

Average Seller Subsidy:                      $3,546

Average Days on Market:                    57

*this number is inflated due to at $25 Million dollar listing of a large parcel of land with a home on East Blvd.

2012:

209 Sold Listings

Average List Price:                             $615,270

Average Sold Price:                            $601,896

Average Seller Subsidy:                      $3,352

Average Days on Market:                    60

2011:

174 sold listings

Average List Price:                             $662,978

Average Sold Price:                            $643,857

Average Seller Subsidy:                      $3,798

Average Days on Market:                    85

*statistics from MRIS 2014

The many varying price points we have in this zip code account for the differential in list and sold pricing from year to year.     Houses can sell for well over 1 million, all the way down to the mid 300’s. (see note about above inflated average list price – we currently have one active listing at $25 million)

In 2011, there were 11 listings that sold for over 1 million dollars, and 12 listings that sold for under $400,000.

In 2012, there were 10 listings that sold for over 1 million dollars, and 17 listings that sold for under $400,000.

In 2013 there were 17 listings that sold for over 1 million dollars, and 9 listings that sold for under $400,000.  This explains the higher average sold price as well.

Take a look at the graph below to get a visual sense of the varying price points in our zip code that sold in 2013.  Note that the largest number of homes that sold fall between $500K and $599K, followed by $600K to $699K.  The number of homes that closed in 2013 was 6% higher than the number of homes that closed in 2012.

We should all be thankful for a solid, strong real estate year, and especially thankful that we live (or maybe want to live) in the best corner of Fairfax County.

Let us hear from you!

 

Lyssa Seward                                         Jane Cole

Lseward@cbmove.com                           jcole@cbmove.com

 

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