All about life and real estate in Loudoun County, Virginia
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...]
I've been scouring the data from our local multiple listing service (the Metropolitan Regional Information Systems, Inc, for those keeping track). And I'm not kidding when I say scouring. It's not enough anymore to just pull a count of "active listings on the market" for the county; or "under contract" listings when you have to account for … [Read more...]
I know what the mainstream media is telling you..the housing market is tanking, lenders aren't lending, doom on you... I'm a full time, boots on sidewalk Realtor, though, and I'm here to tell you that looking at the market through my eyes, that's NOT what is happening here in Loudoun County. I'm not prognosticating that we are fully … [Read more...]
In the last week, we've looked at the market conditions in Leesburg and Ashburn. Here is what I found when looking at the numbers from Sterling. For single family homes, there were 188 homes active and for sale in Sterling, ranging in price from $161,500 for a 45 yr old split foyer in Sterling park, to $1,399,000 for a Cascades area home on … [Read more...]
We just looked at Leesburg's numbers, based on the data in the multiple listing service (MLS)...now, let's look at Ashburn's. For single family homes, taking out the generic builder listings, there were 140 homes available on the market, ranging in price from a 78 year old farmhouse on Waxpool Road for $299,000 up to a $1,590,000 Belmont … [Read more...]
The month ending numbers for the real estate market in Loudoun County are available from the Metropolitan Regional Information Service, our multiple listing service (MLS). I was reviewing a couple of charts; the first shows the total number of listings sold in Loudoun County as compared to years prior, broken down by month. The second shows … [Read more...]
Finally saw an article in the national news media today confirming what Realtors have been seeing on a local market level for the last month: Forbes.com wrote about the latest survey out from the National Association of Realtors. The survey showed an 11.3% gain in existing home sales in the Northeast in February, with a slight price … [Read more...]
Took a quick peek to see what has been happening with listings and contracts around Loudoun County; based on today's numbers, here is how it looks: Ashburn: Single Family Homes: 268 active, 43 under contract = 6.23 month absorption Townhomes: 228 active, 82 under contract = 2.78 month absorption All Listings: 563 active, 136 … [Read more...]
Yesterday's research on Ashburn townhomes and the high number of homes under contract got me poking deeper into the statistics. (It was a snow day, according to the school systems around here! I just enjoyed a day working from home! <smile>) Here is what I found: For Ashburn: Townhomes, 210 active on the market, 75 under … [Read more...]
