All about life and real estate in Loudoun County, Virginia
Bottom of the Market, or Statistical Blip? These charts show the median price of homes for sale in Leesburg, Virginia, separated by zip code and home type. The first chart hones in on what has happened over the last 30 days, while the second chart shows the historical data for the last 180 days. Keep in mind that the 'condo median … [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 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...]
Image Credit Last week I did a market update for all of Loudoun County (LoCo). Today, I'm focusing specifically on Leesburg. Using data from the MRIS multiple listing service, as of this morning there were 386 homes available, removing generic builder listings and rentals. Of those listings, 83 were tagged as "3rd party approval required" … [Read more...]
If you have ever used Homesdatabase.com to browse for homes on the market, you'll be excited to test out their newest version which is live in the beta phase right now, here. HomesDatabase is the consumer version of the multiple listing service for our area. I think the new version is much improved over the prior incarnation; you can search … [Read more...]
I was reading an article in the Washington Post this morning; apparently Fairfax County's Board of Supervisors is considering a "Silver Lining" program, in which the county would spend up to $6.4 million to help convert foreclosed homes into affordable housing for teachers, firefighters, and police officers who otherwise would not be able to … [Read more...]
