McEnearney Alexandria Market Report Q1 2018

Alexandria Market Report MC ENEA RNEY A S S OCI ATES - FI RS T QUA RTE R 2 0 1 8

1196 Janneys Ln | SOLD

table of

contents 03 04 05 07

31 46

a message from dave hawkins & michael day

leading the alexandria market since 1984

2018 first quarter review city of alexandria old town potomac greens/potomac yard arlandria del ray rosemont braddock heights/beverley hills northridge eisenhower alexandria west seminary ridge landmark/cameron station alexandria huntington belle haven fort hunt mount vernon hybla valley kingstowne franconia

ten-year summary, 2008-2017

Front Cover: 109 Prince St | AX10226527

47 52 53

alexandria experts

leading globally. loved locally.

leading real estate companies of the worldÂŽ

54 55

reaching the luxury buyer

our office locations

a message from dave hawkins & michael day McEnearney Associates has had the privilege of serving the Greater Alexandria Community since 1980. With almost four decades of success and thousands of homes sold, we know what a special place this is to live and work! We are honored every time a client chooses us to help them sell, buy or rent their home. Every transaction, regardless of price, is important to us – because it is important to you.

When John McEnearney founded our company, he had a clear objective: “To provide a quality of real estate services that is second to none. To earn the respect of our customers and clients and ultimately their recognition as the best.” While we have grown from a small office with 15 agents to a firm with eight offices and over 350 wonderful Associates throughout the metropolitan area, our commitment to that objective has never wavered. And thanks to you, we have been market leaders in Alexandria from the very beginning.

We hope you enjoy this Alexandria Market Report, and please let us know if we can ever help with any of your real estate needs.

Sincerely, Back Cover: 8208 East Boulevard Dr | MLS# FX10225806

Dave Hawkins & Michael Day Executive Vice Presidents and Managing Brokers McEnearney Associates REALTORS®, Inc. dhawkins@mcenearney.com | mday@mcenearney.com +1 703 549 9292

leading the alexandria market since 1984

$543M

McEnearney Associates (Old Town)

City of Alexandria Properties Ranked by Settled Sales Volume January 1, 2017 - December 31, 2017

RE/MAX (Old Town)

$115M

Weichert (Old Town)

$147M

TTR Sotheby’s (Old Town)

$158M

$209M

Long & Foster (Old Town)

Data obtained from the REALTORS® MRIS computer data bank for all residential sales settled in Alexandria City January 1 – December 31, 2017.

Sales data is deemed to be accurate but not guaranteed.

Most key market indicators for the City of Alexandria and for Alexandria South – the portions of Fairfax County with an Alexandria address – were positive in the first quarter of 2018 compared to the first quarter of 2017.

As you’ll see in this report, there was an increase in the number of homes sold and in the average sales price; homes sold a bit closer to their original list price and sold, on average, in about the same number of days.

Specifically, there was a 7.8% increase in the number of homes sold in the City of Alexandria, and a 12.0% increase in the average sales price. Homes sold, on average, 0.3% closer to the original list price but took 4 days longer to sell. In Alexandria South, there was a 10.9% decrease in the number of homes sold, but an almost 3.6% increase in the average sales price. Homes sold on average for 97.3% of their original price and in just 50 days, down from 52 days last year.

Indicators point to more of the same for 2018.

We expect it to be another strong year in Alexandria, but even in this seller’s market we won’t see a resurgence in listing inventory.

And that lack of inventory will hold down the number of homes sold. Even though mortgage rates are rising – they are still very low from any historical perspective – we think that some of the upward pressure on home prices will ease a bit in 2018.

Each area has different market dynamics, so you’ll find an analysis for the performance of detached homes, attached homes, and condos for 18 communities that make this such a wonderful place to live.

The biggest headwind last year was inventory, and that continues to be the case so far this year. In 2017, the overall number of homes on the market was consistently 20% less than 2016, and the first quarter of 2018 saw 12% less inventory than Q1 2017. The shortage was particularly acute – 20% fewer – for homes priced less than $500,000. Decreased supply combined with significant demand drives up prices. That’s great for sellers, but for purchasers the low inventory combined with

The wildcard for 2018 will be the impact of the tax reform legislation. With the cap on deductibility of state and local taxes and the diminished value of the mortgage interest deduction for expensive homes, it is likely that upper end home prices won’t rise as much as they would have if reform had not passed.

However, the overall tax decreases for most wage earners will put money in their pockets, particularly for millennials who may be thinking about buying their first home. This should help with student loan debt, saving for a down payment and/or increased spending – and that’s good for real estate. Although it’s too soon to tell, we think the tax reform legislation in 2018 will have a modest, net-positive impact on Alexandria’s real estate market.

We hope you find this information useful, and we invite you to connect with any of our terrific McEnearney Associates if we can help with your real estate needs!

David Howell Executive Vice President and CIO McEnearney Associates REALTORS®, Inc. dhowell@mcenearney.com | +1 703 738 9513

( Fairfax County)

rising interest rates makes it tougher, especially for first-time homebuyers.

Alexandria

The 2018 Alexandria real estate market is off to a good start!

City of Alexandria

2018 first quarter review Detached

1Q 2018 1Q 2017

112 94

Attached

1Q 2018 1Q 2017

255 197

Condo

1Q 2018 1Q 2017

238 224

Detached

1Q 2018 1Q 2017

208 209

Attached

1Q 2018 1Q 2017

163 208

Condo

1Q 2018 1Q 2017

80 90

city of alexandria Homes Sold

Average Sales Price

Avg Sales Price/ Org List Price

Avg Days on Market

Old Town

1Q 2017 1Q 2018 % CHANGE

131 161 22.9%

$625,000 $747,400 19.6%

95.8% 96.9% 1.1%

65 62 -4.6%

Potomac Greens/Potomac Yard

1Q 2017 1Q 2018 % CHANGE

15 20 33.3%

$926,400 $722,300 -22.0%

98.0% 98.3% 0.3%

65 62 -4.6%

Arlandria

1Q 2017 1Q 2018 % CHANGE

6 17 183.3%

$419,300 $483,000 15.2%

99.9% 97.6% -2.3%

49 49 0.0%

Del Ray

1Q 2017 1Q 2018 % CHANGE

45 42 -6.7%

$671,900 $710,000 5.7%

100.0% 97.9% -2.1%

21 40 90.5%

Rosemont

1Q 2017 1Q 2018 % CHANGE

7 5 -28.6%

$1,222,100 $843,200 -31.0%

91.4% 100.7% 10.2%

97 11 -88.7%

Braddock Heights/Beverley Hills

1Q 2017 1Q 2018 % CHANGE

35 41 17.1%

$540,700 $619,300 14.5%

98.4% 97.1% -1.3%

44 40 -9.1%

Northridge

1Q 2017 1Q 2018 % CHANGE

19 24 26.3%

$509,000 $581,200 14.2%

98.2% 97.7% -0.5%

39 88 125.6%

Eisenhower

1Q 2017 1Q 2018 % CHANGE

18 11 -38.9%

$537,600 $485,400 -9.7%

98.7% 96.5% -2.2%

32 64 100.0%

Alexandria West

1Q 2017 1Q 2018 % CHANGE

67 58 -13.4%

$317,200 $421,200 32.8%

97.6% 96.0% -1.6%

55 50 -9.1%

Seminary Ridge

1Q 2017 1Q 2018 % CHANGE

58 64 10.3%

$365,200 $344,600 -5.6%

97.8% 98.1% 0.3%

44 50 13.6%

Landmark/Cameron Station

1Q 2017 1Q 2018 % CHANGE

87 112 28.7%

$323,300 $505,100 56.2%

97.7% 97.5% -0.2%

61 49 -19.7%

City of Alexandria

1Q 2017 1Q 2018 % CHANGE

515 555 7.8%

$448,569 $505,057 12.6%

97.2% 97.5% 0.3%

50 54 8.0%

old town Welcome to historic Old Town, Alexandria. Founded in 1749, Old Town is a place rich with colonial charm. This is the heart of the City of Alexandria. Going back in time, one might have caught a glimpse of a middle-aged George Washington riding his horse up to Christ Church on the corner of Washington and Cameron Streets. Years later, Old Town became the childhood home of famed Confederate General Robert E. Lee. A slew of other notable names from both Virginian and American History add to Old Town’s lore.

Since the colonial period, Old Town has established itself as diverse cultural center and bastion of American trade, commerce, and industry.

Old Town brings you to the doorstep of colorful row houses on tree-lined streets dotted with gas lamps and cobblestone walks.

Old Town is a desirable place to call home for those with an active social calendar. A wide variety of restaurants, coffee shops, art galleries, as well as boutique and retail stores, leave plenty to the Located on the western bank of the Potomac River, Old Town imagination and ample opportunity to enjoy the finer things in life. played an important role in the growth of our nation. It is no surprise Walk down to the Potomac and enjoy the fireworks on the Fourth that Old Town grew to prominence as a well-traveled port city of July, or bundle up for the holiday tree lighting in December. An under both British and U.S. rule. Like the rest of the communities Old Town resident would be hard-pressed to run out of things to do. in the City of Alexandria, the development of Old Town is tied closely to its proximity to the nation’s capital.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

8

$1,000,400

93.3%

38

3

$1,703,000

79.8%

169

166.67%

-41.26%

16.92%

-77.51%

ATTACHED

103

$836,400

97.0%

61

76

$806,700

96.5%

74

35.53%

3.68%

0.52%

-17.57%

CONDO

50

$523,500

97.9%

69

52

$423,200

98.7%

46

-3.85%

23.70%

-0.81%

50.00%

TOTAL

161

$747,400

96.9%

62

131

$675,000

95.8%

65

22.90%

10.73%

1.15%

-4.62%

210 Duke St | SOLD

837 Alfred St N | SOLD

210 Duke St | SOLD

807 Duke St | SOLD

555 Washington St S #100 | SOLD

738 Annie Rose Ave | SOLD

1300 Seaport Ln | SOLD

181 Reed Ave #312 | SOLD

potomac greens/potomac yard The communities of Potomac Yard and Potomac Green border Arlandria and Del Ray on the east and are just south of Reagan National Airport. At the turn of the 19th century, Potomac Yard was one of the busiest rail yards on the eastern seaboard. Today, Potomac Yard is still a major hub for transportation.

Potomac Yard and Potomac Green are close to it all. Residents enjoy numerous amenities at Potomac Yard Center. Property here is defined by stately townhouses. Expansive green space in aptly named Potomac Green affords wonderful, riverside views of the Washington Monument. The Mt. Vernon Trail, also located in As the names may suggest, Potomac Yard and Potomac Green Potomac Green is ideal for bikers and joggers; traversing this trail, borrow their names from the Potomac River on which they are one can safely travel the banks of the Potomac, north to Roosevelt situated. While much of the area’s history is contemporary in nature, Island or south to George Washington’s Mt. Vernon estate. it should be noted that Daingerfield Island, located in the eastern As with most communities in the City of Alexandria, residents of part of Potomac Yard, marks one of the first permanent colonial Potomac Yard and Potomac Green are only steps away from Old Town. settlements in Alexandria. Daingerfield Island was settled in 1669.

The restaurants and boutiques of Del Ray are also easily accessible.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

---

---

---

---

---

---

---

---

---

---

---

---

ATTACHED

16

$804,800

98.3%

67

14

$975,000

98.0%

65

14.29%

-17.46%

0.31%

3.08%

CONDO

4

$392,500

98.4%

38

1

$245,000

94.6%

72

300.00%

60.20%

4.02%

-47.22%

TOTAL

20

$722,300

98.3%

62

15

$926,400

98.0%

65

33.33%

-22.03%

0.31%

-4.62%

arlandria Arlandria was heavily developed in the mid 20th century to meet the community spirit. Elevator and garden style apartments define the rising demand of housing from federal workers moving out of D.C. area. Four Mile Run Park makes tranquility a convenience. It is Arlandria is the northern most community of the City of Alexandria. great for those looking to get out and onto the Washington & Old An integral part of the Arlandrian experience is Four Mile Run Park, Dominion Trail. which blazes its own little trail in American history. The park borders Four Mile Run Stream, which runs into the Potomac River. During the colonial period and into the 19th century, this stream was used to power several watermills that operated in the area. On a more contemporary note, Arlandria is home to The Birchmere, which hosts an array of world-class musicians in what is billed as one of “America’s Legendary Music Halls.”Arlandria exhibits a strong

During the spring and summer, the Four Mile Run Farmers Market brings in fresh produce. This doubles as an artisans market as well. To complement its offering of fresh fare, Arlandria provides a wonderful selection of Salvadorian restaurants, which serve some of the regions most authentic dishes. All the typical amenities are located nearby at Arlandria Shopping Center or neighboring Potomac Yard.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

1

$672,800

98.2%

3

---

---

---

---

---

---

---

---

ATTACHED

2

$383,000

97.5%

51

5

$423,200

100.6%

36

-60.00%

-9.50%

-3.08%

41.67%

CONDO

14

$483,800

97.6%

34

1

$400,000

96.4%

115

1300.00%

20.95%

1.24%

-70.43%

TOTAL

17

$483,000

97.6%

49

6

$419,300

99.9%

49

183.33%

15.19%

-2.30%

0.00%

249 Burgess Ave | SOLD

315 Kentucky Ave | SOLD

254 Lynhaven Dr | SOLD

11 Wyatt Ave W | SOLD

18 Windsor Ave W | SOLD

311 Hume Ave | SOLD

419 Del Ray Ave E | SOLD

del ray Del Ray is located in the area northwest of Old Town, Alexandria.

A community of communities, Del Ray includes Warwick Village, Saint Elmo, Hume and Mt. Ida. Like North Ridge to the west, the history of Del Ray is rooted in a rural past. Founded in 1894 as a planned community, Del Ray quickly became a bustling streetcar community. While the electric rail lines that brought on the boom have vanished, Del Ray has remained a focal point of the City of Alexandria and the Washington, D.C. Metropolitan Area. Del Ray is known for its attractive, early 20th century architecture, which gives character to its navigable, gridiron plan. The community’s atmosphere lends itself to a genuinely comfortable and homey living experience. Del Ray is a pedestrian’s paradise and there is plenty to do for those seeking an active lifestyle. Four Mile Run Park, which

First Quarter 2018

connects to the Washington & Old Dominion Trail, is located nearby and is an ideal outlet for bikers and runners. Del Ray also offers an eclectic mix of boutiques, restaurants and coffee shops.

Del Ray boasts an active community calendar, which enriches the lives of residents and visitors alike. Each year, on the first Saturday in October, the community turns out for Art on the Avenue, an outdoor street festival featuring hundreds of artists, live music and delicious food. Other annual traditions include the Thanksgiving Day, 5 mile “Turkey Trot” Race, a Halloween Parade and the Holiday Tree Lighting. The Del Ray Farmer’s Market, which runs year round does not disappoint. It features a great selection of local, seasonal produce as well as a few surprises like cheese, baked goods, and tea stands.

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

16

$996,600

97.5%

47

16

$879,300

99.7%

20

25.00%

-29.10%

-2.21%

135.00%

ATTACHED

20

$623,400

99.0%

25

26

$597,700

100.3%

22

-76.92%

-60.85%

-1.30%

13.64%

CONDO

6

$234,000

93.1%

68

3

$208,200

98.3%

11

100.00%

12.39%

-5.29%

518.18%

TOTAL

42

$710,000

97.9%

40

45

$671,900

100.0%

21

-6.67%

5.67%

-2.10%

90.48%

rosemont Rosemont is located west of Old Town Alexandria between Taylor Run and Del Ray. Developed in the early 20th century, Rosemont is the city’s oldest planned residential expansion. Like Del Ray, Rosemont was intended to be a “street car suburb.” The plan would have connected the community with Washington, D.C. and Mt. Vernon by electric rail. Instead, the community of Rosemont turned its focus towards its role as a showcase for 20th century home design. In 1992, The Rosemont Historic District was added to the National Register of Historic Places.

Rosemont is closely integrated into the life of Old Town. The community is close to upper King Street, which boasts an array of

wonderful bistros, restaurants and boutique shops. There are even hotels for the in-laws. Like their neighbors in Taylor Run, Rosemont residents are close to Shooter’s Hill and the George Washington Masonic National Memorial. The memorial affords a presidential view of the City of Alexandria to those who take the tour to the top.

Day trips to Arlington, Mt. Vernon and D.C are easy to plan and getting around is a breeze.

Rosemont is a cozy place to call home. There is a wonderful selection of townhomes, bungalows and stately colonials. The community is as friendly as the tree-lined streets are welcoming.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

5

$843,200

100.7%

11

7

$1,222,100

91.4%

97

-28.57%

-31.00%

10.18%

-88.66%

ATTACHED

---

---

---

---

---

---

---

---

---

---

---

---

CONDO

---

---

---

---

---

---

---

---

---

---

---

---

TOTAL

5

$843,200

100.7%

11

7

$1,222,100

91.4%

97

-28.57%

-31.00%

10.18%

-88.66%

309 Masonic View Ave W | SOLD

806 Parkway Ter | SOLD

2512 King St | SOLD

1406 Ruffner Rd | SOLD

2008 Scroggins Rd | SOLD

3406 Martha Custis Dr | SOLD

401 Fontaine St | SOLD

2433 Davis Ave | SOLD

braddock heights/beverley hills The story of Taylor Run is one that spans many generations. Its geography is defined by Shooter’s Hill, which marks the high land west of Old Town. Two turnpikes bind Taylor Run: The Leesburg Turnpike (King Street) and Little River Turnpike (Duke Street). Some of the community’s earliest inhabitants are believed to have been Native Americans. The area was explored and settled by colonists arriving in the late 17th century. In the mid 1700’s, John Carlyle, a prominent merchant from Alexandria, is known to have owned farmland in Taylor Run.

end of the community. It is also important to note that Taylor Run is also home to the George Washington Masonic National Memorial.

Remember the Titans? They’re in Taylor Run, too.

Taylor Run is the kind of neighborhood people don’t want to leave, except maybe when one has the opportunity to move into The White House. Hint: President Gerald Ford called Taylor Run home.

The neighborhoods of Taylor Run offer an eclectic mix of housing options. Residents enjoy living close to Old Town, Alexandria. All the typical amenities are located nearby. The Hoffman Center located During the Civil War, Fort Ellsworth was constructed near the base on the other side of Duke Street has an AMC movie theater and of Shooter’s Hill. The fort was dismantled after the war ended. Today several restaurants. the name lends itself to apartment complexes in the southeastern

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

17

$1,084,800

96.3%

66

14

$886,500

98.9%

28

21.43%

22.37%

-2.63%

135.71%

ATTACHED

13

$324,100

98.8%

18

10

$358,700

99.1%

51

30.00%

-9.65%

-0.30%

-64.71%

CONDO

11

$248,700

99.4%

26

11

$266,100

95.6%

58

0.00%

-6.54%

3.97%

-55.71%

TOTAL

41

$619,300

97.1%

40

35

$540,700

98.4%

44

17.14%

14.54%

-1.32%

-9.09%

northridge North Ridge is a community with a varied past. Over the course of its development, it has been incorporated to no fewer than eight different counties. North Ridge has proudly been a part of the City of Alexandria since 1929. North Ridge is bound on the west by Quaker Lane, Glebe Road to the north, Russell Road to the east and both King Street and Braddock Road to the south. The name “North Ridge” refers to the high ground on which it is situated.

Traces of human activity in North Ridge date back 12,000 years, when Native Americans inhabited the area. Europeans settled parts of North Ridge during the late colonial period. In 1749, part of the community was integrated into the original city plan of Alexandria.

communities in the city of Alexandria, North Ridge’s development was pushed forward with the building of the Washington-Mt. Vernon electric rail line.

In light of suburban growth, the community of North Ridge has worked hard to hold on to its rural past. Living in North Ridge still gives one a taste of small town flavor. North Ridge’s residents are energetic and concerned with civic affairs. An eclectic mix of housing is available in the community, from old farmhouses and cottages to modern colonials. North Ridge residents are only a short bike ride or drive away from the shops and eateries of Del Ray. Four Mile Run Park is easily accessible for those looking for an active lifestyle.

Through most of the first half of the 20th century, the community of North Ridge balanced agrarian ideals with urban pursuits. Like other

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

10

$1,008,000

98.1%

95

8

$734,700

99.7%

7

25.00%

37.20%

-1.60%

1257.14%

ATTACHED

---

---

---

---

2

$515,000

93.8%

130

---

---

---

---

CONDO

14

$277,150

96.6%

83

9

$308,900

96.8%

47

55.56%

-10.28%

-0.21%

76.60%

TOTAL

24

$581,700

97.7%

88

19

$509,900

98.2%

39

26.32%

14.08%

-0.51%

125.64%

606 Kings Cloister Cir | SOLD

3513 Goddard Way | SOLD

400 Skyhill Rd | SOLD

1196 Janneys Ln | SOLD

2050 Jamieson Ave #1306 | SOLD

2451 Midtown Ave #213 | SOLD

2151 Jamieson Ave #906 | SOLD

eisenhower The Eisenhower Avenue community occupies a tiny sliver of land south of Taylor Run. In the 18th century, the eastern part of Eisenhower Avenue was the location of the Village of Cameron, which included a gristmill. The west end of the area was developed later as a suburb of sorts.

The arrival of the Orange and Alexandria Railroad in the 1850’s spurred industrial activity in the area and the Eisenhower Avenue community prospered. It seems that Eisenhower Avenue has an inextricable relationship with rail: In the 1980’s the Eisenhower Avenue Metro station was built as an extension to the Yellow Line.

First Quarter 2018

Eisenhower Avenue is a mixed-use community that seeks to strike a balance between living and working. Townhouses, apartments and condominiums define the community’s urban milieu. Eisenhower Avenue is ideal for pedestrian traffic and for commuters looking to rid themselves of their vehicle. There are a number of restaurants located at Hoffman Town Center. For those looking to venture out, head west to Cameron Run Regional Park. Old Town is always an option as are the destinations beyond. With easy access to the Eisenhower Avenue Metro, the nation’s capital is yours to explore.

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

---

---

---

---

---

---

---

---

---

---

---

---

ATTACHED

2

$529,500

97.5%

46

5

$713,300

98.7%

51

-60.00%

-25.77%

-1.22%

-9.80%

CONDO

9

$475,600

96.2%

68

13

$470,000

98.7%

25

-30.77%

1.19%

-2.53%

172.00%

TOTAL

11

$485,400

96.5%

64

18

$537,600

98.7%

32

-38.89%

-9.71%

-2.23%

100.00%

alexandria west Alexandria West evolved from sleepy farmland during colonial times into a thriving, close-in suburban community of detached homes, townhouses, and condominiums today. Tucked inside the Beltway and just north and west of I-95, the busiest northsouth commuter corridor into Washington, DC, the Alexandria West community is a commuter’s dream. There’s easy access to DC, the Pentagon, Crystal City and the new Corps of Engineers headquarters at Mark Center.

Alexandria West has many amenities to offer its residents including two county parks, a public golf course, and three shopping centers.

The most notable of the parks is Green Spring Garden Park, which boasts an 18th century manor house, a tropical greenhouse, a wooded stream valley, and over twenty demonstration gardens.

The newly remodeled Plaza at Landmark Shopping Center is your one-stop place where you can get groceries, shop for clothes, go to the gym, have a massage, and go out for a meal.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

5

$581,000

84.5%

114

7

$552,100

98.3%

69

-28.57%

5.23%

-14.04%

65.22%

ATTACHED

42

$551,500

99.2%

47

15

$542,600

97.6%

37

180.00%

1.64%

1.64%

27.03%

CONDO

11

$231,700

97.8%

43

45

$205,600

97.4%

58

-75.56%

12.69%

0.41%

-25.86%

TOTAL

58

$372,400

96.0%

50

67

$317,200

97.6%

55

-13.43%

17.40%

-1.64%

-9.09%

2466 Garnett Dr | SOLD

4633 Latrobe Pl | SOLD

3331 28th St S | SOLD

1401 Greenwood Pl | SOLD

520 Fort Williams Pkwy | SOLD

3830 Fort Worth Ave | SOLD

3816 White Post Ct | SOLD

seminary ridge Sometimes a name says it all. Located in Alexandria’s west end, the community of Seminary Ridge is as advertised. Yes, there actually is a seminary and yes, there are ridges, although their size may be debated. Seminary Ridge rose to prominence, and some might say providence, in 1818 with the construction of the Virginia Theological Seminary. The Seminary’s 80-acre campus is open to the public.

First Quarter 2018

Seminary Ridge is a typical suburban community. Manicured front lawns back up to traditional split-levels and colonials. There are townhouses towards the northwestern part of the community.

Ample amenities are close at Seminary Plaza Shopping Center and Bradlee Shopping Center. INOVA Alexandria Hospital is located nearby.

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

18

$667,900

96.9%

58

12

$644,300

95.3%

61

125.00%

3.66%

1.68%

-4.92%

ATTACHED

27

$416,000

99.7%

27

22

$409,700

99.8%

29

-13.64%

1.54%

-0.10%

-6.90%

CONDO

19

$194,800

97.3%

75

24

$184,700

98.1%

50

166.67%

5.47%

-0.82%

50.00%

TOTAL

64

$421,200

98.1%

50

58

$365,200

97.8%

44

10.34%

15.33%

0.31%

13.64%

landmark/cameron station The communities of Landmark/Van Dorn and Cameron Station occupy an area of land bounded by Springfield and Franconia to the south and Lincolnia to the north. They are situated between I-395 and I-495. The communities of Landmark/Van Dorn and Cameron Station have been heavily developed within the past 60 years.

Landmark/Van Dorn is typified by high rises and garden apartments.

Landmark Mall has a variety of retail, specialty stores and restaurants.

Those with an interest in commercial property may find the area directly around the Van Dorn Metro to be desirable.

Cameron Station is an idyllic niche of single-family homes, townhomes and condominiums.

Cameron Station’s farmers market, hosted at Ben Brenman Park, is something to wake up for on Sundays. Open from May to November, the farmers market features local art as well as local produce and meats. Food Matters restaurant, located near Ben Brenman Park, builds on this experience and serves dishes fit for any gourmand. Softball and baseball fields, as well as a “turf’ field, provide wonderful recreation opportunities to Cameron Run residents. There is also a bike and running path that circumnavigates the area.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

---

---

---

---

---

---

---

---

---

---

---

---

ATTACHED

30

$660,100

99.3%

52

22

$551,200

97.9%

76

36.36%

19.76%

1.43%

-31.58%

CONDO

82

$229,200

97.3%

49

65

$242,100

97.5%

56

26.15%

-5.33%

-0.21%

-12.50%

TOTAL

112

$344,600

98.3%

49

87

$323,300

97.7%

61

28.74%

6.59%

0.61%

-19.67%

5723 Callcot Way #L | SOLD

476 Ferdinand Day Dr | SOLD

6301 Edsall Rd #306 | SOLD

alexandria, virginia (fairfax county)

Homes Sold

Average Sales Price

Avg Sales Price/ Org List Price

Avg Days on Market

Huntington

1Q 2017 1Q 2018 % CHANGE

55 45 -18.2%

$352,300 $375,800 6.7%

100.1% 97.8% -2.3%

59 47 -20.3%

Belle Haven

1Q 2017 1Q 2018 % CHANGE

10 15 50.0%

$552,800 $275,000 -50.3%

93.7% 94.6% 1.0%

90 93 3.3%

Fort Hunt

1Q 2017 1Q 2018 % CHANGE

38 30 -21.1%

$705,500 $734,800 4.2%

97.5% 96.7% -0.8%

39 92 135.9%

Mount Vernon

1Q 2017 1Q 2018 % CHANGE

100 98 -2.0%

$410,100 $410,800 0.2%

97.4% 96.6% -0.8%

65 51 -21.5%

Hybla Valley

1Q 2017 1Q 2018 % CHANGE

69 57 -17.4%

$412,200 $424,300 2.9%

97.1% 97.3% 0.2%

58 49 -15.5%

Kingstowne

1Q 2017 1Q 2018 % CHANGE

77 78 1.3%

$469,900 $506,900 7.9%

98.5% 98.6% 0.1%

37 38 2.7%

Franconia

1Q 2017 1Q 2018 % CHANGE

157 123 -21.7%

$441,900 $480,600 8.8%

98.2% 98.2% 0.0%

48 43 -10.4%

Alexandria (Fairfax County)

1Q 2017 1Q 2018 % CHANGE

506 451 -10.9%

$448,145 $464,476 3.6%

97.7% 97.3% -0.4%

52 50 -3.8%

huntington There’s hardly any spot in the DC metro area that doesn’t have some tie to colonial times or the Civil War, and the Huntington community is no exception. Ft. Lyon was a major fortification for the District during the Civil War, and covered nine acres and sported forty guns – nothing of the Fort remains however. The area takes its name from the Huntington subdivision, developed just after the end of World War II. Located just south of the Capital Beltway and the City of Alexandria, the area has seen significant residential

and commercial development associated with the Huntington Metro stop, the beginning of the yellow line.

While much of the housing in the area was post-war duplexes, the opening of the Metro station has spurred significant construction of new condos, townhomes and detached homes over the last decade. There are two Fairfax County Parks – Huntington and Jefferson Manor, and there are a host of local and ethnic restaurants.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

8

$479,300

99.0%

35

3

$573,300

103.1%

22

400.00%

-28.00%

-3.98%

59.09%

ATTACHED

15

$412,800

98.9%

32

16

$425,900

100.0%

40

37.50%

-16.93%

-1.10%

-20.00%

CONDO

22

$353,800

96.4%

62

36

$301.100

99.0%

70

-18.18%

31.45%

-2.63%

-11.43%

TOTAL

45

$395,800

97.8%

47

55

$352,300

100.1%

59

-18.18%

12.35%

-2.30%

-20.34

2624 Jefferson Dr | SOLD

2451 Midtown Ave #1115 | SOLD

2719 Jefferson Dr | SOLD

6412 Wood Haven Rd | SOLD

1907 Belfield Rd | SOLD

6029 Woodmont Rd | SOLD

6038 Fort Hunt Dr | SOLD

6104 Vernon Ter | SOLD

belle haven The Belle Haven Community is routed in history, where once stood a fort authorized by the Virginia House of Burgesses in 1674 as an outpost to defend the young colony against Indians. The Civil Warera Ft. Willard was part of the defense system of Washington, DC. Located just south of Old Town Alexandria and north of George Washington’s home at Mount Vernon, Belle Haven overlooks the Potomac River and is home Belle Haven Country Club, and is considered one of the most prestigious areas in Fairfax County.

miles of trail you can pack a lunch and pick your favorite spot to have a picnic, take an early stroll to bird watch, or just throw in a line and try your luck with a little fishing. If you want some more active fishing you can rent a boat at the local Belle Haven Marina, or rent a slip and dock your own boat. If you tire of outdoor excursions, take the family to the Mount Vernon Recreational Center where there is an indoor ice rink, an Olympic size indoor pool, and a huge fitness center. The homes in this quaint community are a mix of Belle Haven residents have so many options for outdoor activities. large luxury homes, manors, cottages, and townhouses all situated You can run, walk or ride your bike alongside the river on the Mount on tree-lined streets. With its close proximity to Old Town and our Vernon Trail that stretches from the Theodore Roosevelt Island in Nation’s Capital you will never run out of places to go, but you might Rosslyn down to the Mount Vernon Estate. Along those eighteen not want to leave Belle Haven with all it has to offer.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

5

$998,000

88.9%

292

4

$1,063,300

89.0%

159

25.00%

-6.14%

-0.11%

83.65%

ATTACHED

---

---

---

---

5

$432,000

90.6%

95

---

---

---

---

CONDO

10

$188,800

96.7%

78

2

$192,600

97.4%

58

400.00%

-1.97%

-0.72%

34.48%

TOTAL

15

$275,000

94.6%

93

10

$552,800

93.7%

90

50.00%

-50.25%

0.96%

3.33%

fort hunt The area takes its name from a post-Civil War era fort constructed near the banks of the Potomac River that was intended to compliment the defenses of Washington, DC with Ft. Washington on the opposite side of the river. Ft. Hunt was even home to a top secret military intelligence operation during World War II. While no shots were ever fired in anger, the remains of the facility are the centerpiece of the sprawling Ft. Hunt Park. The George Washington Parkway is a beautiful ribbon of road that runs through the community towards George Washington’s Mt. Vernon to the south, offering incredible vistas of the Potomac River. There are beautiful communities of primarily single family detached homes

to the west of the Parkway, including Hollin Hills, a neighborhood of roughly 450 homes designed by Charles Goodman immediately after World War II. It is considered a landmark of contemporary design. Parks, scenic vistas of the Potomac River and the walking and biking trail that runs from Mt. Vernon to Rosslyn right through Ft. Hunt are the anchors for this beautiful community. While there a handful of townhomes, almost every dwelling is a detached home, ranging from 1950’s construction to magnificent new homes overlooking the river. And the incredible variety of shops and restaurants of Old Town are just minutes away up the Parkway.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

30

$734,800

96.7%

92

38

$705,500

97.5%

39

-21.05%

4.15%

-0.82%

135.90%

ATTACHED

---

---

---

---

---

---

---

---

---

---

---

---

CONDO

---

---

---

---

---

---

---

---

---

---

---

---

TOTAL

30

$734,800

96.7%

92

38

$705,500

97.5%

39

-21.05%

4.15%

-0.82%

135.90%

823 Emerald Dr | SOLD

903 Waynewood Blvd | SOLD

1110 Westmoreland Rd | SOLD

2100 Whiteoaks Dr | SOLD

9006 Naomini Ln | SOLD

7938 Central Park Cir | SOLD

9006 Naomini Ln | SOLD

mount vernon Mt. Vernon, the estate of President George Washington, is the crown jewel of the community. Most are surprised to learn that it is owned and operated by the Mt. Vernon Ladies Association, not the federal government. The residence and accessory buildings have been lovingly and beautifully restored and offer an incredible look at the life and times of our first President. A new education center tops the experience. In fact, all of the homes in the Mt. Vernon community are on land that was once owned by Washington, so any homeowner here truly has title to a piece of history. Mt. Vernon is located at the southern end of the George Washington Memorial Parkway, 16 miles south of Washington, DC. And a quick tip: one of the most beautiful vistas in the entire metro area is seldom seen by tourists, a rolling vista of the Mt. Vernon Mansion as seen from the intersection of Old Mill Road and Old Mt. Vernon Road. This was

First Quarter 2018

the original entrance to the estate in Washington’s day, and it looks just like it did back then.

In addition to the rich history of the Mt. Vernon estate, the community has wonderful walking and biking trails, a huge Fairfax County rec center with indoor pool, a great dog park and sprawling athletic fields at Grist Mill Park. You’ll also find some of the DC area’s most beautiful waterfront homes, and several communities have their own private marinas, making this a boater’s paradise. Shopping and restaurants are nearby in the Route 1 corridor – and Cedar Knoll Restaurant is the lone commercial establishment along the Parkway, offering dining with unmatched views of the Potomac River.

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

56

$573,200

96.6%

66

56

$548,300

97.6%

79

0.00%

4.54%

-1.02%

-16.46%

ATTACHED

26

$212,900

97.3%

29

30

$269,900

97.5%

41

-13.33%

-21.12%

-0.21%

-29.27%

CONDO

16

$164,200

96.0%

30

14

$157,700

95.5%

62

14.29%

4.12%

0.52%

-51.61%

TOTAL

98

$410,800

96.6%

51

100

$410,100

97.4%

65

-2.00%

0.17%

-0.82%

-21.54%

hybla valley One doesn’t usually think of a bustling corridor of shops, businesses and residences as home to an airfield, but Beacon Hill in the heart of the Route 1 Corridor was just that in the early days of aviation.

Thousands of pilots were trained there prior to World War II and it remained an airfield until the late 1950’s. After the war and before the creation of the Interstate Highway System, Route 1 was the major north-south highway from Florida to Maine, and this community was home to scores of motels, shops and restaurants to serve travelers.

A handful of those old motels are still around, but most have given way to housing developments, commercial and retail centers over the last 30 years. Tucked between the George Washington Parkway to the east and I-95 to the west, the Route 1 Corridor still handles a lot of cars every day as a major commuting artery, but now has a more distinctly suburban feel than even 20 years ago.

At almost 1,500 acres, Huntley Meadows Park is a green escape in a very busy suburban community. Home to some of the largest and most pristine wetland areas in Fairfax County, Huntley Meadows is a real jewel. Every type of housing in every price range can be found in the Route 1 Corridor, and there’s plenty of “big box” retail and restaurants to support this evolving community. INOVA Mt. Vernon Hospital offers quality care to the community’s residents, and has a particularly strong reputation for orthopedic surgery and rehabilitation. There’s also a long-established farmer’s market every Saturday morning (in season, of course) in the shadow of the Hospital at Fairfax County’s Mt. Vernon District offices.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

30

$513,300

96.5%

67

32

$478,800

96.8%

61

-6.25%

7.21%

-0.31%

9.84%

ATTACHED

22

$359,600

99.0%

28

32

$376,600

97.7%

57

-31.25%

-4.51%

1.33%

-50.88%

CONDO

5

$175,600

97.3%

29

5

$226,600

96.5%

45

0.00%

-22.51%

0.83%

-35.56%

TOTAL

57

$424,300

97.3%

49

69

$412,700

97.1%

58

-17.39%

2.81%

0.21%

-15.52%

7716 Frances Dr | SOLD

7418 Range Rd | SOLD

7823 Friars Ct | SOLD

6756 Edge Cliff Dr | SOLD

6151 Braeleigh Ln | SOLD

7202 Gulf Hill Ct | SOLD

kingstowne Until the late 1980s, Kingstowne was largely undeveloped and was a bit of a rural island surrounded by rapidly growing areas of Fairfax County. That all changed with the launch of the Kingstowne planned community, and the last two decades have seen the emergence of a well thought-out area of apartments, condos, townhomes and detached homes with wonderful community amenities. Tucked between the Franconia and Huntington communities, Kingstowne continues to grow.

theaters. And for the golfers, there is the first Top Golf facility in the United States, an innovative driving range complex that offers sensors embedded in the golf balls to track your shots, as well at the public Hilltop Golf Course. And there are homes of just about any type and price range, appealing to first-time and move-up buyers alike. Shopping at the regional Springfield Mall is nearby, along with lots of “big box� shops that make shopping for anything and everything a piece of cake.

There are lots of area community centers and pools, tennis courts and a large Town Center with great restaurants, stores and movie

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

20

$634,900

98.3%

46

14

$580,400

97.8%

57

42.86%

9.39%

0.51%

-19.30%

ATTACHED

49

$495,200

98.8%

31

53

$473,600

98.8%

29

-7.55%

4.56%

0.00%

6.90%

CONDO

9

$286,500

98.0%

52

10

$295,100

98.0%

52

-10.00%

-2.91%

0.00%

0.00%

TOTAL

78

$506,900

98.6%

38

77

$469,900

98.5%

37

1.30%

7.87%

0.10%

2.70%

franconia “Frankhonia Farm” dates to 1859 when 191 acres was purchased by two Alexandria businessmen, and a rail station named after the farm began operations there in 1871. Located just south of the Capital Beltway and east of I-95, it’s only fitting that a community that has its roots in a rail stop is home to stops for Metrorail and the Virginia Railway Express commuter train. It began its development as a suburban community in the 1950s.

Franconia is home to three Fairfax County public parks – Monticello Woods, Franconia and Franconia Forest Parks. The regional Springfield Shopping Mall is on the western side of the Franconia community, and there is an assortment of local shops, including the very popular Nall’s Produce and Nursery that has been serving area gardeners and homeowners for two generations. Most of the housing is either single-family detached homes or townhomes, with very few condos.

First Quarter 2018

First Quarter 2017

Change 1Q 2018 vs 1Q 2017

# Units Sold

Avg SP

SP/ OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

# Units Sold

Avg SP

SP/OLP

DOM

DETACHED

59

$567,700

97.6%

48

62

$502,400

97.4%

62

-4.84%

13.00%

0.21%

-22.58%

ATTACHED

51

$455,000

99.3%

31

72

$445,900

99.2%

34

-29.17%

2.04%

0.10%

-8.82%

CONDO

18

$267,400

97.2%

60

23

$266,000

97.6%

54

-21.74%

0.53%

-0.41%

11.11%

TOTAL

128

$480,600

98.2%

43

157

$441,900

98.2%

48

-18.47%

8.76%

0.00%

-10.42%

1401 Greenwood Pl | SOLD

5508 Jowett Ct | SOLD

5847 Governors Hill Dr | SOLD

3413 Austin Ct | SOLD

ten-year summary, 2008-2017 City of Alexandria

Alexandria (Fairfax County)

2008

DETACHED ATTACHED CONDO

314 645 867

906 742 450

2009

DETACHED ATTACHED CONDO

353 648 988

1,100 759 566

2010

DETACHED ATTACHED CONDO

337 644 938

980 736 509

2011

DETACHED ATTACHED CONDO

365 695 925

908 636 440

2012

DETACHED ATTACHED CONDO

413 766 956

1,069 706 437

2013

DETACHED ATTACHED CONDO

479 785 1,152

1,126 839 490

2014

DETACHED ATTACHED CONDO

374 745 1,104

1,024 776 475

2015

DETACHED ATTACHED CONDO

431 863 1,163

1,033 796 490

2016

DETACHED ATTACHED CONDO

436 818 1,253

1,132 805 573

2017

DETACHED ATTACHED CONDO

425 879 1,349

1,181 834 598

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Michael Day

leading globally. loved locally.

Being part of the largest network of independent brokerages, gets your home seen around the world. McEnearney Associates, representing 380 of the leading real estate agents in the DC metro region, gets your home seen locally. For the past 38 years, we have seen this formula succeed time after time.

HONG KONG

COLORADO

CONNECTICUT

NEW ZEALAND

SWITZERLAND

NEW YORK

Sotheby’s International Realty

Realty Executives

Better Homes & Gardens

$22B

$20B

HomeSmart

Exit Realty

$25B

$12B

ERA

$26B

With connections to more than 130,000 sales associates in 565 member firms in over 70 countries, our connections make us more than a local company, we’re global too.

$116B

$121B

Century 21

Berkshire Hathaway Home Services

$181B

Coldwell Banker

$250B

$298B Keller Williams

RE/MAX

$317B

$372B Leading Real Estate Companies of the World®

As an affiliate of the prestigious Leading Real Estate Companies of the World® network, McEnearney Associates is proud that our organization helped produce the most home sales by volume in 2017 compared to any national network or franchise. $55 billion more U.S. home sales volume than our closest competitor.

For informational purposes only. Based on available data for average sales units per agent and average sales prices per firm. In compiling this report, LeadingRE relies on third party sources including REAL Trends National Network 2018 Totals Final Report and REALTOR® Magazine 2017 Franchise Report. LeadingRE is not responsible for the accuracy of third party data.

reaching the luxury buyer

$10.8M I N LI Q UI D ASSE TS

Over 3 million affluent consumers visit our network flagship website, luxuryportfolio.com every year to browse in a setting dedicated solely to significant properties. These are highnet-worth buyers, not dreamers. They have liquid assets of $10.8 million and 57% own a second home. In the U.S. alone, luxuryportfolio.com curates more properties priced more than $1 million than any other luxury property website.

57%

O WN A SE CO ND HO ME

9

NU M BER OF LA NGU A GES YOU R P ROP ER TY WILL BE TRA NS LATED INTO

60+

NU M BER OF CU RRENCIES YOU R P ROP ER TY WILL BE TRA NS LATED INTO

our office locations

14th Street 1803 14th Street NW Washington, DC 20009 o +1 202 903 2200 f +1 202 903 2201

50th Street 4315 50th Street NW Washington, DC 20016 o +1 202 552 5600 f +1 202 552 5605

Arlington

Leesburg

McLean

4720 Lee Highway Arlington, VA 22207 o +1 703 525 1900 f +1 703 525 1556

107 N King Street Leesburg, VA 20176 o +1 703 738 8282 f +1 703 839 8161

1320 Old Chain Bridge Road, Suite 350 McLean, VA 22101 o +1 703 790 9090 f +1 703 734 9460

Kensington

Middleburg

Old Town Alexandria

3804 Howard Avenue Kensington, MD 20895 o +1 301 979 7270 f +1 202 552 5605

7 W Washington Street Middleburg, VA 20118 o +1 540 687 5490 f +1 703 839 8218

109 S Pitt Street Alexandria, VA 22314 o +1 703 549 9292 f +1 703 739 0523

Old Town Alexandria 109 S Pitt Street | Alexandria, VA 22314 o +1 703 549 9292 | McEnearney.com

Data derived from the MRIS Multiple Listing System and are believed reliable, but not guaranteed.