Northampton Place Condos, City of Alexandria – Northern Virginia – Home Sales Activity 2018

Northampton Place Condos, City of Alexandria VA – Jan. 12, 2019 – Home sales in the Northampton Place Condos continued a brisk pace in 2018. The average sold price during 2018 was $290,571 compared to $282,967 during the previous year – an increase of 2.69%.

Northampton is just one of 600+ sub-markets within the greater Northern Virginia housing market. Other sub-markets include The Ridges at Glendilough in Fairfax, Singleton’s Grove in Centreville, the Broadlands in Ashburn, Palazzo at Park Center and Stonegate in the City of Alexandria just to name a few. Each sub-market has its own unique selling characteristics and statistics that feed into the overall Northern Virginia market. Northampton average sold price increase of 2.69% was on par with the 2.93% average price increase seen in the overall Northern Virginia region. Northampton continued to also flex seller strength with low days on market (DOM). DOM measures the speed to a contract, or transaction velocity. In 2018, Northampton average DOM’s clocked 59 days, significantly down from 109 days the previous year. This is a 46% faster pace to a contract. Northampton has continually proven to be a highly desirable community for buyers given its attractive price points and well-planned development.

The table below illustrates the specific activity experienced in the Northampton Place sub-market – 2018 as compared to 2017.

Northampton

Northampton Neighborhood

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