Real Estate
[Cash Buyers] Top 10 Neighborhoods in Old Town Alexandria
See the latest rankings of the Old Town Alexandria neighborhoods with the most cash buyers last year. Is your neighborhood on the list?
What do cash buyers mean for your neighborhood? Neighborhoods with a high percentage of cash buyers can mean that investors are fixing and flipping homes, which can increase home values overall. In condo communities, a high percentage of cash buyers may mean these are good buy and hold investment properties, where the rent versus purchase price is attractive to investors. In the past year, 859 properties have sold in Old Town Alexandria ranging from a 0-bed, 1-bath condo for $158,000 to a 3-bed, 2.5-bath condo for $3,000,000. Approximately 15% of these homes were purchased with cash. The median sold price was $665,000.
Top 10 Old Town Alexandria Neighborhoods for Cash Buyers
In the past 12 months, a total of 128 homes sold in Old Town Alexandria for cash with a median sold price of $670K. These were the most popular Old Town Alexandria neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Old Town | Townhouse | 18 | 14% | $1,089,625 |
| Carlyle Towers | Condo | 9 | 33% | $580,000 |
| Fords Landing | Townhouse | 5 | 45% | $1,550,000 |
| Porto Vecchio | Condo | 5 | 33% | $870,000 |
| Old Town Alexandria | Townhouse | 4 | 27% | $780,000 |
| Marina Towers | Condo | 4 | 20% | $405,000 |
| Potowmack Crossing | Condo | 4 | 21% | $271,500 |
| Quaker Hill | Detached | 3 | 16% | $1,100,000 |
| Alexandria House | Condo | 3 | 38% | $638,500 |
| Potomac Greens | Townhouse | 3 | 16% | $1,040,000 |
Old Town Alexandria Cash Sales by Property Type
In the past 12 months, a total of 9 detached homes, 49 townhomes, and 68 condos sold in Old Town Alexandria for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in Old Town Alexandriawith free, real-time updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 0 | 0 | 5 | 4 | $1,100,000 |
| Townhouse | 0 | 10 | 28 | 11 | $910,000 |
| Condo | 19 | 35 | 14 | 0 | $505,000 |
| Sold (MED) | $310,000 | $583,000 | $920,000 | $1,180,000 | $670,000 |
Peggy Yee is a supervising broker at Frankly Realtors and is one of Northern Virginia Magazine's Top Realtors in 2015-2019. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com.
Find out what's happening in Old Town Alexandriawith free, real-time updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.
