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 Condominiums in Alexandria are located on the west bank of the Potomac River, a few miles south of Washington DC. Alexandria shows a nice mix of business use and residential property including more and more mixed use projects in which new Alexandria condos sit on top of regular stores.
One of the neat things to look for are Alexandria condominiums in Old Town. Their history goes back to the 1600s when the governor awarded 6000 acres to a ship captain who brought 120 people to live in Virginia. Alexandria is one of America’s first townships and one of the metropolitan areas most sought after residential communities, second only to the District's Georgetown. Condominiums in Alexandria have always been a great investment.
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From 225 year old colonial townhomes in Old Town to the fantastic neighborhoods of Del Ray and Rosemont, real estate appreciation in Alexandria has always been one of the strongest in the Washington metropolitan area, which mean that not only Alexandria condominiums offer good investment opportunities. New condominiums in Alexandria's Old Town are a rarity. Built from time to time, they usually command lofty premiums. Despite the higher cost of living in Old Town, the reminiscence of 18th century colonial architecture with its boutiques, cafes and Potomac River views, makes this location a residential favorite. Why has there been in such high demand for Alexandria condominiums for sale the last few years? The answer is jobs. Northern Virginia added over 100,000 jobs in the last several years!
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