For the first quarter of 2016, the average sales price for condos in the City of Alexandria dipped from $343,870 to $318,195 according to Market Statistics. This represents a 7.5 percent decrease from the first quarter of 2015. In general, condo prices are more volatile than single family homes and townhomes in the city. However, these condos are generally quick to rent and they are good investments in Alexandria due to their proximity to Washington, DC and government agencies. Still a good buy. If you need a market analysis for a specific condo community in the City of Alexandria or if you know of anyone looking to buy a condo in the city definitely let us know.
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