Stonegate, City of Alexandria – Northern Virginia Home Sales Activity Q3 2018

City of Alexandria, VA – Dec. 1, 2018 –  Home sales in the Stonegate subdivision of the City of Alexandria continued a brisk pace in 2018. The average sold price during Q3 2018 was $651,657 compared to $603,317 during the previous year – an increase of 8.01%.

Stonegate is just one of 600+ subdivisions across the Northern Virginia housing market. Other subdivisions include The Ridges of Glendilough in Fairfax, Singleton’s Grove in Centreville, and the Broadlands in Ashburn just to name a few. Each subdivision has its own unique selling characteristics and sub-market statistics that feed into the overall Northern Virginia market. Stonegate’s average selling price increase of 8.01% significantly outpaced the 3.22% average price increase seen in the overall Northern Virginia region. Stonegate also experienced significant improvement in terms of days on market (DOM). DOM measures the speed to a contract, or transaction velocity. The market significantly moved in favor of sellers during 2018 clocking an average of 26 days, down from 42 days experienced the previous year. This marked improvement of 16 days is a 38% faster pace to a contract.

The table below illustrates the specific activity experienced in the Stonegate subdivision – Q3 2018 as compared to Q3 2017.

Activity (Stonegate)

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