Real Estate
[HIDDEN GEMS] Highest Appreciated Old Town Neighborhoods
Why location matters. Check out the Old Town neighborhoods with the highest annual appreciation! Is your neighborhood on the list?
With low inventory of homes in Northern Virginia and high demand, home prices continue to rise and in some neighborhoods the home prices are exploding! Check out these hottest Old Town Alexandria neighborhoods with the biggest year over year median sold price increase over the past year. If you are thinking about selling your home and live in one of these neighborhoods, there are a ton of buyers ready to purchase! When you sell your home with substantial appreciation, you may qualify to exclude up to $250,000 of that capital gain from your taxes. This total increases to $500,000 if you file a joint return with your spouse!
In the past two years, 1565 properties have sold in Old Town Alexandria ranging from a 0-bed, 1-bath condo for $158,000 to a 4-bed, 4.2-bath townhome for $3,275,000. Click here to sign up for my free monthly real estate market update to stay current on the latest real estate market trends in your neighborhood.
Hottest Old Town Alexandria Neighborhoods by Appreciation
In the past two years, a total of 1565 homes sold in Old Town Alexandria with a median sold price of $670,000 and median days on market of 13. These were the hottest Old Town Alexandria neighborhoods, where the 2019 median home sale price increased over the 2018 median home sale price.
| Neighborhood: | Rivergate |
| Type: | Townhome |
| 2019 Sold Price: | $1,599,999 |
| 2018 Sold Price: | $948,500 |
| % Increase: | 69% |
| Neighborhood: | Marina Towers |
| Type: | Condo |
| 2019 Sold Price: | $475,000 |
| 2018 Sold Price: | $310,000 |
| % Increase: | 53% |
| Neighborhood: | Braddock Place |
| Type: | Condo |
| 2019 Sold Price: | $505,000 |
| 2018 Sold Price: | $350,000 |
| % Increase: | 44% |
| Neighborhood: | Old Town Greens |
| Type: | Townhome |
| 2019 Sold Price: | $770,000 |
| 2018 Sold Price: | $599,950 |
| % Increase: | 28% |
| Neighborhood: | The Henry |
| Type: | Condo |
| 2019 Sold Price: | $519,900 |
| 2018 Sold Price: | $410,000 |
| % Increase: | 27% |
| Neighborhood: | Old Town |
| Type: | Townhome |
| 2019 Sold Price: | $1,019,995 |
| 2018 Sold Price: | $850,000 |
| % Increase: | 20% |
| Neighborhood: | Alexandria |
| Type: | Townhome |
| 2019 Sold Price: | $720,000 |
| 2018 Sold Price: | $599,000 |
| % Increase: | 20% |
| Neighborhood: | Potowmack Crossing |
| Type: | Condo |
| 2019 Sold Price: | $275,000 |
| 2018 Sold Price: | $231,750 |
| % Increase: | 19% |
| Neighborhood: | Porto Vecchio |
| Type: | Condo |
| 2019 Sold Price: | $670,000 |
| 2018 Sold Price: | $570,000 |
| % Increase: | 18% |
| Neighborhood: | Parker Gray |
| Type: | Townhome |
| 2019 Sold Price: | $770,000 |
| 2018 Sold Price: | $650,000 |
| % Increase: | 18% |
| Neighborhood: | Condos at Carlyle Square |
| Type: | Condo |
| 2019 Sold Price: | $455,000 |
| 2018 Sold Price: | $387,000 |
| % Increase: | 18% |
| Neighborhood: | Washington Square |
| Type: | Townhome |
| 2019 Sold Price: | $712,000 |
| 2018 Sold Price: | $609,000 |
| % Increase: | 17% |
| Neighborhood: | Colecroft |
| Type: | Condo |
| 2019 Sold Price: | $473,800 |
| 2018 Sold Price: | $415,000 |
| % Increase: | 14% |
| Neighborhood: | Quaker Hill |
| Type: | Condo |
| 2019 Sold Price: | $300,250 |
| 2018 Sold Price: | $263,500 |
| % Increase: | 14% |
| Neighborhood: | Old Town Commons |
| Type: | Townhome |
| 2019 Sold Price: | $960,000 |
| 2018 Sold Price: | $848,250 |
| % Increase: | 13% |
| Neighborhood: | Potomac Greens |
| Type: | Townhome |
| 2019 Sold Price: | $950,000 |
| 2018 Sold Price: | $844,750 |
| % Increase: | 12% |
| Neighborhood: | Old Town Village |
| Type: | Townhome |
| 2019 Sold Price: | $967,500 |
| 2018 Sold Price: | $873,700 |
| % Increase: | 11% |
| Neighborhood: | Harbor Terrace |
| Type: | Condo |
| 2019 Sold Price: | $306,000 |
| 2018 Sold Price: | $275,500 |
| % Increase: | 11% |
| Neighborhood: | Clover |
| Type: | Detached |
| 2019 Sold Price: | $885,000 |
| 2018 Sold Price: | $804,500 |
| % Increase: | 10% |
| Neighborhood: | Abingdon Row |
| Type: | Condo |
| 2019 Sold Price: | $510,000 |
| 2018 Sold Price: | $464,900 |
| % Increase: | 10% |
| Neighborhood: | Nethergate |
| Type: | Townhome |
| 2019 Sold Price: | $699,000 |
| 2018 Sold Price: | $643,000 |
| % Increase: | 9% |
| Neighborhood: | Westover |
| Type: | Townhome |
| 2019 Sold Price: | $677,500 |
| 2018 Sold Price: | $625,000 |
| % Increase: | 8% |
| Neighborhood: | Old Town Commons |
| Type: | Condo |
| 2019 Sold Price: | $450,000 |
| 2018 Sold Price: | $414,950 |
| % Increase: | 8% |
| Neighborhood: | Seminary Walk |
| Type: | Condo |
| 2019 Sold Price: | $296,000 |
| 2018 Sold Price: | $273,000 |
| % Increase: | 8% |
| Neighborhood: | Old Town Village |
| Type: | Condo |
| 2019 Sold Price: | $651,000 |
| 2018 Sold Price: | $606,000 |
| % Increase: | 7% |
Annual Appreciation for the Northern Virginia Cities
Northern Virginia remains one of the hottest real estate markets in the country with low inventory, low days on market and rising sales prices. The table below compares the median sales price for the for first 11 months of sales for 2018 against 2019 to show the appreciation for some of the most popular Northern Virginia neighborhoods. The cities of Arlington and Falls Church both experienced tremendous year over year increases in the median sales price. In this hot real estate market, this presents an incredible opportunity to sell your home quickly for top dollar!
Find out what's happening in Old Town Alexandriawith free, real-time updates from Patch.
| City | 2019 Sold Price (MED) | 2018 Sold Price (MED) | % Change |
| Alexandria | $500,000 | $487,500 | 3% |
| Annandale | $555,500 | $534,900 | 4% |
| Arlington | $606,000 | $555,000 | 9% |
| Ashburn | $525,000 | $504,000 | 4% |
| Centreville | $415,000 | $392,000 | 6% |
| Chantilly | $510,000 | $507,450 | 1% |
| Dumfries | $385,000 | $360,000 | 7% |
| Fairfax | $540,000 | $534,667 | 1% |
| Falls Church | $578,005 | $535,000 | 8% |
| Fredericksburg | $304,250 | $290,000 | 5% |
| Herndon | $530,000 | $511,250 | 4% |
| Leesburg | $505,000 | $495,000 | 2% |
| Manassas | $355,000 | $335,000 | 6% |
| McLean | $940,000 | $905,000 | 4% |
| Reston | $440,000 | $425,000 | 4% |
| Springfield | $510,000 | $475,000 | 7% |
| Sterling | $420,000 | $415,000 | 1% |
| Vienna | $784,250 | $778,500 | 1% |
| Woodbridge | $337,500 | $324,000 | 4% |
About Peggy Yee
Peggy Yee is a supervising broker at Frankly Realtors and is a local Top Producer. She has sold over $180 million in sales and was one of Northern Virginia Magazine's Top Realtors since 2015. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com. Peggy is 100% committed to making your move the best experience possible! Don't just take our word...Click here to see what Peggy's past clients have to say about the experience working with her from Buyer and Seller Video Testimonials and you'll understand why she is one of the top real estate agents in Old Town Alexandria with dozens of 5 Star Zillow reviews. Click here for Zillow Reviews.
* Data Source: BrightMLS and SmartCharts. Information deemed reliable but not guaranteed.
