All about life and real estate in Loudoun County, Virginia
This week in the real estate market in Leesburg, we see more of the same...stability is a wonderful thing! Prices are still flat, and new listings coming on market is balancing with listings absorbed. The two charts in brown below will update weekly, but for this week (today is May 12th) you can see that the Homes Absorbed number and the Homes … [Read more...]
This week in real estate news brought an announcement from the National Association of Realtors that pending home sales were up nationally for the second month in a row. The Virginia Association of Realtor's latest batch of numbers showed that the median home price had increased 7.8% from the prior quarter. Wow, rising prices, uptick in … [Read more...]
New Condo/Townhome Listings Barely Keeping Pace If you are hoping to purchase a condo or townhome in Ashburn in the near future, take note...the number of new listings coming on the market is barely keeping pace with the market demand! (Conversely, if you are looking to sell, there is a lot of buyer activity going on.) Not so much for … [Read more...]
The most recent market report looked at a current inventory of 1403 homes in Loudoun County. For single family homes, the median price was $548,700, while for condos and townhomes the median price was $256,026. As you can see from the chart below, inventory has remained low for single family homes, especially in Sterling. Median price is … [Read more...]
Here's a look at Leesburg's real estate market, with numbers updated through last week. The median home price appears to be holding steady for the 20176 zip code, and for condos and townhomes in 20175...but look at that little increase in median price for single family homes in 20175! Nice to see something trending upwards! We'll have to … [Read more...]
Here are the latest real estate inventory statistics for LoCo...Looks like Sterling took a breather last week after that huge jump in contracts (and coinciding dip in inventory) the week before. Meanwhile, Ashburn saw a bit of action last week, both in the condo/townhome segment as well as the single family home market. Leesburg and … [Read more...]
Here are some charts that compare market behavior for Sterling, Ashburn, Leesburg, and Purcellville. The 'Condo' charts include townhomes and condos, and the other charts are single family homes only. First, let's take a look at the median price for condos and townhomes...looks like Leesburg and Ashburn are holding steady, with a slight dip in … [Read more...]
Here's the update for Leesburg, keeping in mind that the 'condo' report covers townhomes and condos... Not too much change from the last update, days on market and median/average pricing seems to be pretty steady. A little bit of a jump up in new listings in the single family market, but about the same for townhomes, as compared to the … [Read more...]
Here's the update for this week, keep in mind that the 'condo' report encompasses all non-single family home properties, including condos and townhomes. So, what we see for single family homes is a big disparity between median and average list price...there must be some higher priced properties hanging around skewing that average list … [Read more...]
Here's the update for this week in Leesburg, keep in mind that the 'condo' report encompasses all non-single family home properties, including condos and townhomes. So, what we see for single family homes is a big disparity between median and average list price...there must be some higher priced properties hanging around skewing that … [Read more...]
