Homebuyers are really going to town to luxury townhouses, that is. According to the Northern Virginia Association of Realtors, sales in the area including Fairfax County and the City of Alexandria actually rose by 9.52 percent in June. By contrast, both condo and single-family home sales slid, leading to a modest total dip of 5.05 percent. In the City of Alexandria, townhouse sales fell by only four percent, while both condos and single-family homes showed double-digit declines, of 19 and 34 percent, respectively.
Why did those Alexandria townhouses fare so well, compared to the other categories? The answer may be very simple. The median price for an Alexandria townhouse had fallen six percent, to $510,000. That made a very attractive product even more enticing, starting with their Federal-style brick exteriors. Looking inside four luxury units listed for sale at that price on one July day, its even easier to see why this classy category is faring so well on the market.
Three of the four are end units, including the 20-year-old, three-story dwelling on Mallory Lane in Kingstowne. It features three bedrooms, two full baths, two powder rooms, a fireplace and an attached one-car garage. The schools are Lane Elementary and Hayfield Middle and High. As an added enticement, this house was listed at $509,950, while the others exactly met the $510,000 mark. (Call Tom & Cindy and Associates at Long & Foster: 703-313-6499.)
Built in 1996, the three-story house on Dubin Drive in Potters Glen has three bedrooms, 3.5 baths, a two-car garage and a fireplace. The schools are Franconia Elementary, Twain Middle and Edison High. (Call RE/MAX 100 at 703-642-3380).
Three bedrooms, 3.5 baths, a two-car garage and a fireplace also found in the eight-year-old unit on Dominion Mill Drive in the Townes at Cameron Park. (Call Long & Foster at 703-548-3700).
Dating from 2000, the house on Hawk View Lane in Overlook is not an end unit, but it does provide four bedrooms in addition to its 3.5 baths, fireplace and one-car garage. The schools are Bren Mar Park Elementary, Edgar Allen Poe Middle and Annandale High. (Call Long & Foster at 703-998-3111).