The following charts track four leading market indicators, and are updated on or about the 10th of every month. “New Pendings” shows the number of contracts ratified each month and is the best indication of the direction of the market. And please note that it is not unusual to see significant monthly change, both up and down, in the Average Sales Price chart. We use zip codes as the basis for these indicators to ensure there are sufficient data to make the charts relevant. While all of these indicators are important, the best way to determine the value of a specific property is a thorough market analysis by a McEnearney Associate.
Until the late 1980s, Kingstowne was largely undeveloped and was a bit of a rural island surrounded by rapidly growing areas of Fairfax County. That all changed with the launch of the Kingstowne planned community, and the last two decades have seen the emergence of a well thought-out area of apartments, condos, townhomes and detached homes with wonderful community amenities. Tucked between the Franconia and Huntington communities, Kingstowne continues to grow.
There are lots of area community centers and pools, tennis courts and a large Town Center with great restaurants, stores and movie theaters. And for the golfers, there is the first Top Golf facility in the United States, an innovative driving range complex that offers sensors embedded in the golf balls to track your shots, as well at the public Hilltop Golf Course. And there are homes of just about any type and price range, appealing to first-time and move-up buyers alike. Shopping at the regional Springfield Mall is nearby, along with lots of “big box” shops that make shopping for anything and everything a piece of cake.
Although there are beautiful walking and biking paths throughout Kingstowne, the car is the primary way of getting around. The secondary roads are typically wide, divided parkways and the individual neighborhoods typically offer plenty of parking. Kingstowne enjoys the benefit of having major arteries like the Beltway and I-95 nearby without having them directly impact the community. As is the case with most of Fairfax County, the area is well-served by the bus system, and the Franconia-Springfield, Van Dorn and Huntington metro stops are each just minutes away.
Ronald Reagan National Airport: < 12 miles
Washington-Dulles International Airport: < 35 miles
Baltimore-Washington International Airport: < 50 miles
Let our experience and our daily immersion in this market help you make the best decision to purchase the right house at the right price.
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