Kingstowne Townhouse sales up 4.4% in November 2017

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Kingstown townhouse inventory still at all-time lows in November. The lack of inventory is having a positive effect on home prices for home sellers. 4.4% increase in the average sales price means sellers are making $20,000 more this year versus 2016.

Kingstown Townhouse Sales

Kingstowne Townhouse sales increased 8.4% on a year over year basis. The year to date numbers show an increase of 4.8% Having close numbers for the number of units sold YTD, 2017 – 334 and 2016 – 333, the increase in townhouse home prices meant that sellers are making $20,000 MORE than last year.

 

 

Closing cost paid by sellers in an important number to watch when selling your townhouse. Buyer received closing is down 16.7% comparing year to date figures (Jan 16 – Nov 16 versus Jan 17 – Nov 17).

Homes sales increasing while closing cost decrease means that sellers will walk away with more money in their pockets in 2018.

Let’s work out the math for this scenario.

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	Average Sold Price	Average Closing Cost	Average Net to Sellers
Nov 2016 YTD	$        452,829	$        3,982	$        448,847
Nov 2017 YTD	$        472,942	$        3,316	$        469,626
True Net to Sellers			$          20,779

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Kingstowne Townhouse Sales Data

Kingstowne lowest sales price is $345,000 and it took 154 days for this property to sale. It was a 2 bedroom property.

Not surprising, a 2 car garage end unit is the highest sold townhouse at $615,000. This property owner received an acceptable offer over list price in 9 days. (Watch my video to find out the closing cost assistance this FHA buyer received to secure this property)

Every townhouse that sold in November is listed below. Use this table by comparing your townhouse to similarly priced properties. (Send me a request to my email to view the interior photos of sold listings.)

 

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22315, Alexandria/Kingstowne Town House Market Report November 2017
Address	OLP	LP	BR	BA	SP	LP/SP	DOMP
6593 Hickman Ter	$609,900	$609,900	3	3.1	$615,000	100.8%	9
5503 Eyler Dr	$595,000	$595,000	3	3.1	$595,000	100.0%	2
5287 Ballycastle Cir	$579,900	$579,900	3	2.2	$570,000	98.3%	12
6127 Donival Sq	$559,000	$559,000	3	3.1	$559,000	100.0%	3
5264 Ballycastle Cir	$555,000	$555,000	3	2.1	$556,000	100.2%	11
7816 Locust Leaf Ln	$550,000	$550,000	3	2.2	$545,000	99.1%	34
5952 Norham Dr	$550,000	$550,000	4	3.1	$530,000	96.4%	23
6302 Dunman Way	$570,000	$550,000	3	2.1	$525,000	95.5%	113
5925 Norham Dr	$519,500	$514,500	4	3.1	$510,000	99.1%	28
6629 Hunter Creek Ln	$529,000	$519,000	3	2.1	$500,000	96.3%	305
7460 Gadsby Sq	$499,000	$499,000	3	2.1	$489,000	98.0%	11
6506 Osprey Point Ln	$514,950	$479,950	3	3.1	$479,950	100.0%	73
7707 Wiley Creek Way	$460,000	$460,000	2	3.1	$460,000	100.0%	11
6444 Castlefin Way	$465,000	$465,000	3	3.1	$460,000	98.9%	3
6266 Walkers Croft Way	$450,000	$450,000	3	3.1	$450,000	100.0%	51
6203 Abbottsbury Row	$450,000	$450,000	5	3.1	$450,000	100.0%	6
6653 Briarleigh Way	$445,000	$445,000	3	3.1	$439,000	98.7%	9
7509 Digby Grn	$454,900	$449,900	4	3.1	$435,000	96.7%	34
7706 Bartley Way	$437,775	$437,775	3	2.1	$435,000	99.4%	36
6629 Rockleigh Way	$435,000	$435,000	3	3.1	$435,000	100.0%	13
7307 Castleberg Ct	$389,900	$389,900	3	2.1	$390,000	100.0%	4
5800 Norham Dr	$394,900	$389,900	3	2.1	$389,900	100.0%	36
7909 Old Carriage Trl	$364,000	$364,000	2	1.1	$364,000	100.0%	4
6841 Heatherway Ct	$354,977	$361,000	2	2.0	$361,000	100.0%	4
6131 Liverpool Ln	$359,900	$349,900	2	2.1	$345,000	98.6%	154
5324 Larochelle Ct	$354,950	$349,950	3	2.1	$345,000	98.6%	35

 

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The Bottom Line

Kingstowne Townhouse owners will continue to enjoy price increase as we move through the winter selling seasons. Low inventory paired with low-interest rates means that sellers will be able to ask for higher sales prices and limit the amount closing cost paid to buyers.

What is my Town Home in Kingstowne worth in today’s market?Fill out the form below and you’ll receive your complimentary market evaluation. Sign up now to receive your custom valuation within 1 business day.

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