4001 Belle Rive Terrace, Alexandria
The real estate market is heating up along with the temperature this spring, and it's starting to look a bit more like 2019, according to the Northern Virginia Association of Realtors.
Here are the most expensive homes listed publicly for sale currently in Alexandria — the top three are in Old Town:
$4,700,000
6 bedrooms and 4 baths + 2 half baths, this property in Old Town features modern conveniences and a rooftop deck. Represented by Christine Garner, Weichert.
$3,650,000
5 bedrooms, 4 baths. This 1840 Victorian home is fully detached and has been completely restored. Represented by Lauren Bishop, McEnearney.
$3,599,999 (Pending)
3 bedrooms, 3 baths, Watermark penthouse corner-unit condo with uninterrupted views of the Potomac River. Represented by Sissy Zimmerman, McEnearney.
$3,499,000 (Pending)
5 bedrooms, 5 baths overlooking the Potomac River with a private pier, boat house and remote-controlled boat lift. Represented by Tracey Dunn, McEnearney.
In the city of Alexandria, the average price of a home was $695,114 in February, an increase of 7% from the February prior. In Fairfax County, the average price was $717,550, an increase of less than 1%.
According to NVAR, "Homes are on the market longer than this time a year ago due to relatively high mortgage rates compared to recent years. The average days on the market was 32 days, up 28% compared to February 2022, but down from 36 days in January 2023. Inventory is also increasing but remains in short supply."
"Our region is steadier and more predictable than many other U.S. markets, that have seen sharper price increases and decreases,” explained NVAR CEO Ryan McLaughlin. “Limited inventory has dictated home prices here in Northern Virginia and across the country, amid market challenges such as inflation, mortgage rates and subdued sales activity.”
