Townhouse sales spike before tax credit deadline

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As the April 30 deadline neared for the homebuyers tax credit, Northern Virginia housing sales for the month rose by 16.1 percent as compared to April 2009. A total of 1,793 homes were sold, according to the Northern Virginia Association of Realtors. At the same time, the median sales price fell by 9.3 percent to $390,000.

Townhouses led the field for both the City of Alexandria taken alone and the Northern Virginia area. Throughout the region, they rose by 22.3 percent to a total of 564 units sold. 

In Alexandria, townhouse sales rose by 44 percent, for a total of 62 units sold. They were followed by condos, with a 22 percent increase, to 96. Single-family home sales climbed by 13 percent, to 27.
At the same time, Alexandrias median sales price for condos dropped by 15 percent, to $262,950. Townhouses and single-family homes showed modest price gains, increasing by 4 and 6 percent respectively, to $529,000 and $660,000.

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