All about life and real estate in Loudoun County, Virginia
2012 saw an improvement in every measurable area for home sales in Loudoun County. Let's take a look at the key statistics and see what they tell us. Median sales price for single family homes was up to $533,641, the highest value since 2007 checked in at $644,924. This represents a 2% increase over 2011's median sales price of $523,666 … [Read more...]
I wouldn't go so far as to call the local real estate market loco...but it has been a completely different experience than 2011. Based on the May numbers released by MRIS, the multiple listing service that Realtors use here, our Loudoun sold dollar volume for May 2012 was $222,570,219, up 30.71% from May 2011. At the same time, overall days … [Read more...]
So it's definitely selling and buying season in Loudoun County. Figured it might be helpful for you to take a look at some of the statistics and trend lines. Below are three clickable charts that show you how the single family home market is behaving in Sterling, Ashburn, and Leesburg. Overall, median price is up, and days on market is … [Read more...]
The new school year is almost upon us in Loudoun, and the real estate market slows down accordingly...here's the latest data for both Leesburg zip codes combined: Inventory continues to creep up, and median price is holding steady. Days on market, which had fallen steadily since April, appears to be inching back up a … [Read more...]
The weather's hot, and so is the real estate market in Loudoun County, especially in the under $400,000 price range....Even though inventory has risen (thankfully, it was low), median price is steady and days on market has dropped. I've been unseasonably busy the last few weeks, and the data matches up. Days on market is lower because the … [Read more...]
Having already checked out the single family homes market in Sterling and Ashburn, what's going on in Leesburg, and how does it compare? Here are the charts, as of this week: So median price is trending up, with a 6% gain since January, although it's down (barely, 1.6%) versus April 2010. Inventory is up 12% compared to this time … [Read more...]
Yesterday we looked at the market for single family homes in Ashburn. Today, let's see what's going on in Sterling. Here's how the statistical charts look this week: Median price catches my eye right away...that's a jump of 20% since the beginning of the year! Big movement in this area. Inventory, meanwhile, is down about … [Read more...]
The question I get asked on a daily basis... "How's the market?" Here's some charts that will tell you exactly how the market is doing for single family homes in Ashburn, Sterling, and Leesburg. Pop in tomorrow and I'll update you on condos and townhomes then. Ashburn Single Family Homes Sterling Single Family … [Read more...]
We've turned the corner into another year in Loudoun, and I'm a couple of weeks late with a 2010 wrapup post on the state of the market. So how did 2010 turn out, compared to 2009? Total Homes Sold 2010: 4936, which is down 8.8% from 2009 Median Sale Price 2010: $362,500, up 8.2% from 2009 Average Days on Market 2010: 50 , down 24.5% from … [Read more...]
...but not the way you'd think. So we know that days on market dropped in Loudoun since spring, but is there a difference in time on market based on price? The first chart below looks at single family homes, and the second chart looks at the combined condo/townhome market. Each is divided into quartiles: the black line is the top 25% of … [Read more...]
