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 keep checking inventory levels hoping to see more homes available on the market in Loudoun County. It's nearly April, the grass is turning green, the bunny rabbits have already snuck in and eaten my crocuses (croci?)...so where are the homes to sell?!? The charts below show inventory levels first for single family homes, and then for … [Read more...]
The one question that I get asked on a daily basis is 'how's the market?'...I took a look at the eastern part of Loudoun County earlier, so here, we are going to look at how real estate in the western towns is faring. Median price seems to be on the upswing everywhere except Lovettsville, while inventory is pretty flat everywhere (but is still … [Read more...]
I posted last week on LoCo Musings and LoCo Market Stats analyzing how much of our active real estate market in Loudoun 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 … [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...]
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...]
The rush is over...to take advantage of the first time homebuyer tax credit, you needed to be under contract to purchase by the end of last month. Since the Loudoun County real estate market got really busy starting at the beginning of the credit, I had a feeling that we'd see some dramatic changes once it was over. Pretty easy to see that … [Read more...]
Things are still cooking in Leesburg this summer! Looking across both the 20175 and 20176 zip codes we can see that the pace of homes going under contract (homes absorbed) is keeping up or exceeding the number of new listings (newly listed)...no wonder the inventory level is still so low! Days on market is shorter for condos and townhomes … [Read more...]
Just posted at Ashburn Market Stats... Prices Trend Up, Sellers Take Notice ...looks like prices in Ashburn are trending up. Stop by and read! Cheers, Heather … [Read more...]
