We all know that buying a home - whether a condo, townhouse or single-family house - in our northern Virginia city of approximately 140,000 is expensive, but I did a double-take when I was scanning the Alexandria Economic Development Partnership's Local Economic Indicators Report (LEIRS). The average sale price of these 3 types of homes is over half a million dollars. Wow! Yikes!
Some of the other stats the LEIRS highlights (all reflect 4th quarter 2007 for the City of Alexandria only):
- About 200 business licenses are granted per quarter in the City (though not all the businesses actually open their doors)
- Almost 17,000 people use the 4 City Metro stops (King, Braddock, Eisenhower and Van Dorn) each quarter
- Alexandria's unemployment rate is about 1% below the rest of northern Virginia, at 2.4%, and 2% less than the U.S. average of 4.8%
I'll post additional highlights once the AEDP updates the data available online. To view the entire report (3 pages), click here.
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