By Carly Seward, The Seward Group of TTR Sotheby’s International Realty
Alexandria, VA – The City of Alexandria spans just over 15 square miles. But when it comes to real estate, no two blocks are quite the same. Our city is made up of “micro-markets”: distinct neighborhoods with unique quirks, real estate trends, and buyer expectations. National headlines might try to paint the real estate market with a broad brush, but Alexandria is a nuanced picture.
Old Town: Timeless, and Time Is Of The Essence
Old Town continues to be one of the most sought-after neighborhoods in Northern Virginia. Its historic beauty, restaurant scene, boutique shops, waterfront access, and proximity to DC make it perennially popular.
We’re seeing growing demand for Goldilocks-sized row homes- homes that offer just enough space, charm, and modern convenience without the upkeep of a larger historic property. Buyers are especially drawn to updated row homes that blend period details with contemporary features like energy-efficient systems and renovated kitchens. Homes that strike this balance are moving quickly, often with multiple offers. Low inventory has continued to keep competition strong in this beloved micro-market.
Del Ray: Where “Main Street” Still Exists
Del Ray’s sense of community remains its biggest draw. The tree-lined streets, independent businesses, and walkability to “Main Street” Mount Vernon Avenue continue to attract buyers who want more than just a home- they want to be part of a tight-knit community.
Del Ray is known for its eclectic, charming architecture- most homes were built between the 1920s and 1940s. In Del Ray, you’ll find a mix of architecture styles, including American Foursquare (think the classic front porch), craftsman bungalows, colonial style duplexes, and new builds that still honor the vibe of the neighborhood. No two homes are exactly alike, but everything still fits.
Inventory here is tight, particularly for detached homes under $1.2 million. Buyers are acting quickly and often making aggressive offers with limited contingencies. We’re also seeing renters transition into first-time buyers, especially those who have already fallen in love with the area’s vibrant energy and access to the newly available Potomac Yard Metro station.
Rosemont: Historic Charm, Steps From The Mix
Want to be close to the mix but not in it? Rosemont is just steps from Del Ray, a quiet gem with outsized appeal. Its historic homes and walkability to two Metro stops make it ideal for buyers who want a bit of everything.
Beverly Hills: Suburban Vibes, Still Close To It All
Beverly Hills, a little farther north, continues to see major demand from buyers looking for space to grow. This neighborhood may not get the same press. But with its larger lots and classic homes, it offers a peaceful retreat while still being minutes from Old Town, Del Ray, and major commuter routes.
What It Means for You
Whether you’re buying or selling, it’s critical to understand the micro-market. Hyper-local strategy is key- from marketing and staging to offer negotiation. And if you’re selling, pricing accurately for your specific neighborhood (not just based on citywide comps) is key.
In Alexandria, real estate is never one-size-fits-all. It’s a mosaic of neighborhoods, each with its own vibe, which is one of the many reasons we love it here. Whether you’re drawn to the history of Old Town, the community spirit of Del Ray, or the quiet charm of Rosemont and Beverly Hills, it’s clear that location still reigns supreme, even within the same city limits.
Have a question about buying or selling in one of Alexandria’s micro markets? I’d love to hear from you—and may even feature your question in a future column.
The Seward Group offers full-spectrum concierge real estate service at all price points. Email us at [email protected], visit our website at www.seward-group.com, or call us at (703) 298-0562.
The Seward Group would be honored to help you, a family member, or friend with any of your real estate needs.
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