All about life and real estate in Loudoun County, Virginia
I recently posted on LoCo Musings and here to analyze how much of our active real estate market is currently made up of 'distressed' sales, meaning short sales or foreclosures. What I found is that it varies depending where in the county you are, and also what home type you are looking at. Here's the overall picture for the county: So, the … [Read more...]
I just wrote a post at LoCoMusings about how much short sales and foreclosures were affecting the real estate market in Loudoun County. Rather than rehash all of that here, you can jump over there to see how different parts of the county are affected compared to the market for the county as a whole (real estate is local, right?). Here's the … [Read more...]
Part of my daily routine as a Realtor is looking at the multiple listing service to see how many new listings have come on market that day. During busier periods in the year, it's tough to keep up with all of the homes coming on (and going off) market on a day to day basis. Lately, though, it's been fairly easy to keep track: today, when I … [Read more...]
For this week at Western LoCo Stats, let's look at what median price is doing in western Loudoun. The orange lines are median price for single family homes in the different towns, while the black line is the combined condo/townhome market. These charts go back several years, so you can get a good feel for the overall trend line. Keep in mind … [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...]
We're now in the fall season, so it's a great time to take stock of where the real estate market has been this year, and where it looks like we are heading. For starters, let's look at inventory levels in the three Sterling zip codes. Like we've seen in the rest of Loudoun, inventory levels across Sterling rose dramatically in the spring and … [Read more...]
Overall, real estate inventory is dropping across Loudoun County, and Ashburn is no exception. After seeing a spike for the summer, we are now returning to approximately the same level we were at for October 2009. Time will tell if we stay flat through this winter, or if it will continue to drop. If you would like to know what the market is … [Read more...]
So the trend lines across Loudoun County right now for housing inventory show that the number of homes for sale is down. Leesburg is no different, in either of the two zip codes. The current levels just about match up with where we were this time last year. I'll be interested to see if they hold at this level through the winter (like last … [Read more...]
Earlier this week I took a look at the housing inventory for Loudoun County as a whole. Looking at these charts, the towns in Western Loudoun are certainly mirroring the same trend line, after spiking up during the summer months, levels are dropping for the fall: Cheers, Heather … [Read more...]
The main piece of the real estate puzzle is always inventory...if there isn't enough supply to meet the demand, prices rise and days on market drop. We've already seen that median home price in Loudoun isn't dropping, but average days on market is down in most areas of the county. Here's a look at current inventory levels of homes for sale … [Read more...]
