Alexandria, Lorton, Woodbridge Virginia Real Estate: Eton Square Condos Market Report

Eton Square is a gorgeous condo community located in the heart of Kingstowne-Alexandria. Eton Square offers a beautiful selection of single and multi-level condominiums rich in architectural design. If your are interested in buying a condo in Kingstowne-Alexandria, Eton Square is certain not to disappoint!

There are two entrances to Eton Square, both of which are accessible from Kingstowne Village Parkway. The community is conveniently located across the street from the Kingstowne Shopping Center where you will find a large selection of restaurants, retail stores, grocery stores, banking facilities, family entertainment, and more!

For the busy commuter, Eton Square provides easy access to Interstates, 95, 395, and 495. The community is also located within a short distance from the Franconia-Springfield Metro Station as well as the Van Dorn Street Metro Station.

Eton Square Condos Market Update

Currently, there are 5 active condo listings in Eton Square and 3 listings under contract. Average statistics for these listings are as follows:

ACTIVE (5)
		List Price	BR	BA	FB	HB	DOMM	Yr Built
	Min	$189,900	1	1	1	0	3	1991
	Max	$317,500	2	3	2	1	163	1995
	Avg	$276,260	2	2	2	0	60	1993
CNTG/NO KO (3)
		List Price	BR	BA	FB	HB	DOMM	Yr Built
	Min	$198,999	1	1	1	0	20	1994
	Max	$285,000	2	2	2	0	217	1995
	Avg	$237,966	2	2	2	0	92	1994

Since January 1, 2011, a total of 7 condo units have sold in Eton Square. The average "sold price" (not listed price) of these homes is $237,486.

SOLD 2011 (7)
		List Price	Orig Price	Close Price
	Min	$209,900	$209,900	$202,000
	Max	$300,000	$300,000	$290,000
	Avg	$248,443	$256,871	$237,486
	Sum	$1,739,100.00	$1,798,100.00	$1,662,400.00

During the same time period in 2010, a total of 13 condos were sold in Eton Square. The average "sold price" for these homes was $276,895.

SOLD 2010 (13)
		List Price	OrigPrice	Close Price
	Min	$196,800	$195,000	$193,325
	Max	$359,000	$359,000	$359,000
	Avg	$282,300	$285,161	$276,895
	Sum	$3,669,898.00	$3,707,098.00	$3,599,640.00

Comparing the statistics for Eton Square condos sold in 2011 with those sold in 2010, we see that the number of homes sold differ by a total of 6 units, with the majority of units sold in 2010. Thus, it is safe to conclude that home ownership in Eton Square has stabilized since 2010. Although a total of 7 units have sold to date in 2011 compared to 13 units sold during the same time frame in 2010, the average price of units sold differ by less than $40,000. Furthermore, of the 7 units sold in 2011, 3 units were foreclosures compared to only 1 foreclosure unit sold in 2010. Thus, we can safely conclude that condo prices in Eton Square are on the rise!

For home sellers in Eton Square, this is great news as home equity is slowly but surely being restored! This is also great news for home buyers! With interest rates remaining at record lows and home prices on the rise, you can safely purchase your new condo in Eton Square without the fear of negative equity.

For additional information on home buying and selling in Eton Square, please contact me for assistance. In the interim, please feel free to browse all available condos for sale in Eton Square now. To preview all Kingstowne condos for sale, please click the preceding link. If you have questions or would like to schedule a showing, I am always available to assist you.

Interested in buying or selling real estate in Alexandria, Lorton, Woodbridge or any of the surrounding areas in northern Virginia? Contact me for assistance! My expertise include first-time home buyers, home sellers, luxury homes, short sales, foreclosures, divorce, and relocation.