Alexandria is Virginia’s 7th largest city.

Neighborhood features:

  • Alexandria has many distinct neighborhoods such as Old town, Del Ray and Potomac Yards.
  •  It is well known for its historic Old Town that dates back to colonial times. 
  • Was named and founded during a dispute between Lord Fairfax and some local business men including George Washington’s older brother who wanted a port.   
  • It is not uncommon for townhome style homes to be condominium ownership not fee simple owner ship in Alexandria. 
  • Alexandria is seeing a wave of new luxury development along the Potomac River.  

 

Market Data:

In the city of Alexandria over the past year one thousand three hundred seventy (1,370) houses and townhomes have sold for an average sales price of $789K with an average of thirty three (33) days on the market. The most expensive home to sell during that time was a four bed, four baths, 4,000 sf home for $2.875M in Old Town’s southeast quadrant on Lee Street.

Alexandria also saw over the past year one thousand four hundred twenty one (1,421) condominium and co-op apartments sell, averaging $354K and with an average thirty eight (38) days on the market. The most expensive apartment to sell was a penthouse with a large terrace for $3.1M with three bed, two bath at the Oronoco condominium building.