ALEXANDRIA VA REAL ESTATE
Alexandria, Virginia’s real estate market offers a rich blend of early American history and exciting new trends. Founded in 1749, it predates its neighbors; Washington DC and Arlington, Virginia. While much of its earliest structures are located in the city’s historic Old Town seat, there are still many examples of Federal, Victorian Georgian and Colonial architecture throughout a wide-reaching region. There are also numerous examples of the new urbanist mixed-used development projects that have become increasingly popular in major metropolitan areas. Read more about Alexandria VA real estate.
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Located along the western banks of the Potomac River, Alexandria’s adjacent neighbors include Arlington County to the north, Prince George’s County, Maryland, to the east, Fairfax County to the west and south, and Washington DC to the northeast. It should also be noted that part of the greater Alexandria area reached beyond its city limits and into Fairfax. Residents enjoy a quick commute to the nation’s capital, making it a popular place to live for many working in the federal government and defense industry sectors. Alexandria is also home to the U.S. Department of Defense and the U.S. Patent and Trademark Office.
Alexandria, Virginia covers an area of about 15 square miles. Among its many popular neighborhoods are Mount Vernon, Rosemont, Del Ray, Kingstowne, Potomac Yard, Belle Haven, North Ridge and West End. The city’s ever evolving diversity is evident in the many styles of homes for sale, including antique row houses, grand manors, cottages and an increased focus on development projects melding retail, business and residential use. The waterfront area is especially attractive to commercial developers who are adapting existing structures into new luxury condo units.
Like much of the Washington DC Metropolitan Area, Alexandria VA real estate has gone through an extended gentrification trend over the past decade. The term has become a buzzword, encompassing both architectural revitalization and economic development. There has been substantial debate among those seeing the benefits of a continued boom in revenues and those who worry that affordable housing will soon be priced out. The larger picture however, is that real estate values are continuing to grow at a modest yet sustainable level. The median sales price in Alexandria currently stands at $471,000, representing a 3.7 percent increase over the past year. For more information about Alexandria VA real estate for sale, contact District Partners at Compass today at (202) 798-3600.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2018.
Listing information last updated on October 16th, 2018 at 1:54pm EDT.