Typical Homeowner In Alexandria Increase Home Equity By $10k

Realty and Property Management

Homeowners in Alexandria have increased their home values along with their equity by $10k in the past year. Home prices in Metro had an increase of nearly 4% in the first quarter with existing single family home price at $254,800. In Alexandria the price in single family homes rose by 86% with metro areas seeing double digit increases. Due to higher home prices affordability decreased last year however family median incomes rose in the first quarter. A homeowner making a 5% down payment would need an income of $60,143 to purchase single family home while a homeowner making a 10% down payment will need an income of $56,978 and a homeowner making 20% down payment will need $50,647.

In Alexandria existing home sales rose 4.3% in the first quarter which was a decrease of 4% from the previous year. Existing single family home prices had an increase of 2.5% at $225,700.

 

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Jodi Ann

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Jodi has been trained in Data Entry, Operations Management and Administrative tasks. She also holds a Bachelors Degree in Banking and Finance with a hope of pursuing a Masters in Banking and Finance. She is a senior writer for Nesbitt Realty and an expert on Alexandria Virginia. Outside of work, Jodi enjoys spending time with her son and her family.