Market Update–Kingstowne, Alexandria, Springfield, Lorton and Fort Belvoir

We wanted to give everyone an update on the market in our local area with the latest figures from January 2014. Here are some of the most recent statistics. Please contact us if you have any questions!

In the 22315 zip code, 14 units sold in January, which is a decrease from January of 2013. There were 39 active listings last month, which is down from December, when there were 53 active listings. Due to the small number of units sold, the median sales price rose vs. January 2013 ($359,950 vs. $457,750). Here is a chart with additional stats: Kingstowne-Hayfield Jan 2014

The Rose Hill/Franconia area of Alexandria (zip code 22310) saw an increase of 17% in home sales compared to January of 2013. 27 sold last month, while 32 sold in December. There were 43 available homes in January, which was a decrease of 32% from December, when 63 homes were available. Versus last January, there has been a decrease of 4% in the median sales price. In January 2014, the median sales price was $400,000. Check out the stats here: Rosehill-Farms-Franconia Jan 2014

In Lorton and Fort Belvoir (zip codes 22079 and 22060), there was a decrease in sold listings from 35 in December to 26 in January 2014. Compared to last January, there was a decrease of 10% in the number of sold properties. Versus last January, the number of active listings are up 13% (90 to 80), and the median sales price has decreased to $322,500 (drop of 22%). See some charts here: Lorton-Mason-Neck-Fort-Belvoir Jan 2014

The entire Springfield community (encompassing zip codes 22150, 22151, 22152 and 22153) saw 59 home sales in January, which was less than last year. Versus January 2013, there were 8% more homes on the market last month; 123 compared to 114. This was lower than December 2013, which saw 150 available homes. The  median sales price last month increased 8% ti $425,000; last year this figure was $392,000. More info Springfield Jan 2014!

Susan Hall

Tom & Cindy and Associates: www.HelloVirginia.com

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