Old Town Alexandria Virginia Real Estate Agent — Patricia A Smith

Start by getting pre-approved with a lender so you know your budget and can make a strong offer. Then we tour homes including off market listings submit an offer, and once accepted, complete inspections, appraisal, and financing during the contract period before closing. In a market averaging 22 days on market, being fully underwritten and decisive matters. I guide you through every step.

We price your home using current 22314 comparables ("comps" — recent sales of similar nearby homes), prepare and stage it, then market it with professional photography across Compass, Bright MLS, Zillow, and more. Old Town sellers have been achieving close to 99% of original list price, but only on move-in-ready, competitively priced homes. Presentation and pricing strategy are everything.

Old Town remains balanced and resilient. The 2025 median sold price rose to $900,000 and days on market held at 22, while inventory is forecast to grow about 33% in 2026 with prices still projected to rise around 4.2%. More choice helps buyers, but well-located homes still draw competition — so the right strategy depends on your goals.

It depends on price and loan type. Old Town condos can start in the $250K–$400K range while the 22314 median is around $900,000. Down payments range from 3–5% on many loans up to 20% to avoid mortgage insurance, plus closing costs of roughly 2–5%. Veterans and active military may qualify for zero-down VA loans. I will connect you with trusted local lenders.

Real estate commissions are negotiable and not set by law. Following recent industry changes, buyer and seller agent compensation is discussed and agreed upfront in writing. Sellers also budget for prep, staging, and standard closing costs; buyers budget for inspections, appraisal, and closing costs. I will walk you through every number before you commit so there are no surprises.

Escrow is a neutral third party that holds your deposit and funds until the sale closes, protecting both sides. A contingency is a condition that must be met for the deal to proceed common ones cover the home inspection, appraisal, and financing. If a contingency is not satisfied, you can typically renegotiate or walk away with your deposit. I make sure your contract protects you.

Old Town is served by Alexandria City Public Schools, an independent city division. Lyles-Crouch Traditional Academy and the Jefferson-Houston PreK-8 IB School serve the area, feeding George Washington Middle and Alexandria City High School (the former T.C. Williams), which holds a GreatSchools rating of 4/10. Always confirm current attendance boundaries for a specific address.

It depends on your lifestyle. Choose the Historic District for waterfront walkability, Del Ray and Rosemont for a family Main-Street feel, Carlyle and Old Town North for low-maintenance condos near Metro, Fords Landing or Yates Gardens for quiet townhomes, and Cameron Station or Potomac Yard for newer construction. I will match neighborhoods to your priorities.

Absolutely — relocation is a specialty. Having moved often as a child, I know how stressful it is, and I work with many clients moving to the DMV to serve our country. I offer virtual tours, neighborhood video walkthroughs, and remote document signing, and can coordinate everything so you can buy with confidence before you ever arrive in Alexandria.

Get fully pre-approved, understand your true monthly cost, and explore low-down-payment and first-time-buyer programs including Virginia Housing options and VA loans for service members. With rates back below 6%, more buyers are active, so a strong, clean offer and quick decisions matter. I was interviewed by The Washington Post on exactly this, and I will coach you through it.

Recent Old Town homes have sold in a median of about 22 days, though well-priced, move-in-ready homes can go faster and unique or higher-priced properties may take longer. The full timeline from listing to closing is usually 30–60 days once you have an accepted offer. Pricing and presentation are the biggest levers on speed and final price.

Historically, yes. Old Town benefits from constrained supply, a diverse and stable buyer pool, walkability, and proximity to D.C., the Pentagon, Reagan National Airport, and Amazon's HQ2 — which is why the area rarely sees dramatic downturns. Condos and townhomes also offer strong rental demand. I help investors evaluate cash flow, appreciation potential, and the right buildings.

Online estimates are a starting point but often miss condition, upgrades, and hyper-local Old Town nuances. I provide a complimentary, data-backed home valuation using recent 22314 comparable sales and an in-person walkthrough, so you get a realistic price range and a strategy to maximize your return. Call 571-525-8250.