What the median home price buys


What will the June median home price buy in Alexandria? The same thing it always does … either an older single-family home or a newer attached house.

As reported by the Northern Virginia Association of Realtors, the median in June was $490,000. 

That provided a choice of three dwellings listed in early July: a three-year-old townhouse as well as two single-family homes, one built in 1988 and the other in 1954.

A single-story rambler with an attic, the oldest house offers the most bedrooms, baths and parking spaces, plus the largest lot. It features 5 bedrooms, 2.5 baths and a detached four-car garage, on 1/3 acre.

Located in Rose Hill Farm, it is listed for $490,000 with Weichert, Realtors (703-941-0100).

The other single-family house was built in 1988. Its two stories provide 3 bedrooms and 2.5 baths, plus an attached two-car garage, in Kingstowne. It is listed for $489,950 with Long & Foster (703-313-6499).

The three-year-old, three-story condo also includes 3 bedrooms, 2 full baths and two powder rooms, with a two-car attached garage. In the Wyngate subdivision, it is listed for $490,000 with Long & Foster (703-960-8900).

The situation was similar in neighboring Fairfax County, where the median price  provided a choice of 14 dwellings. They include ten single-family homes built between 1955 and 1985, three townhouses dating from 1977 to 2003, and a nine-year-old penthouse condo.

The three detached houses dating from the 1950s had the largest lots, at about 1/2 acre each. They were built in Springfield, Wakefield Forest in Annandale and Station Hill in Fairfax Station, between 1955 and 1985. With an average of three bedrooms, they all have two full baths and a garage.

Built in 1960, the Vienna Woods house has a .23 acre lot. It also offers 3 bedrooms and 2 baths.

Only one house dates from the 1970s. This was constructed in 1979, in the Fox Lair section of Fairfax. It has a .2 acre lot, 4 bedrooms, 2 baths and a one-car garage.

Two of the single-family homes date from 1983. Both were built in Herndon, in the Monterey and Kingston Chase sections. Both have 4 bedrooms, 2.5 baths and two-car garages, on lots measuring, respectively, .23 and .20 acres.

The three newest single-family houses were built 22 years ago. Two are in Fairfax, in Cabells Mill and the Estates at Eagle Lie, respectively, while the third is at Union Mill in Herndon.

The Cabells Mill home has 4 bedrooms, 3 full baths and a two-car garage. The Eagles Lie house has 6 bedrooms and 3.5 baths with a one-car garage. The Union Mill dwelling offers 4 bedrooms, 3.5 baths and a two-car garage. In order, their lots are .35, .17 and .22 acres.

The oldest three-story townhouse was built 30 years ago, in the Waterford community of Vienna. This three-story unit has 4 bedrooms and 3.5 baths.
An end unit in Clifton dates from 1994, with 3 bedrooms, 3.5 baths and a two-car garage.

The newest townhouse was built in 2003, in the Faircrest section of Fairfax. It has 3 bedrooms, 3.5 baths and a one-car garage.

The penthouse condo was constructed in the Westbriar section of Fairfax, nine years ago. It has 3 bedrooms, 3 baths and a two-car garage.

Half of the 14 homes boast four bedrooms. Five provide three bedrooms, while the others have 6 and 2.

Also, half of the homes have 2 or 2.5 baths, while the others boast 3 or 3.5.

The number of baths rose steadily with the date of construction. The newest home with two baths dates from 1970. The newest with two baths plus a powder room appeared in 1983.

Among the three newest single-family homes, built two years later, one has three baths and two provide 3.5.

The townhouses all have 3.5 baths, while the penthouse condo has three.

No matter when they were built, most had one-or two-car garages.

(Widely regarded by statisticians as the most reliable measure of central tendency, the median price is the one at which an equal number of homes sold for higher and lower amounts).