The market is heating up, so it’s time to let you know what’s happening in some of the busier LoCo neighborhoods. This morning, let’s take a look at the the last three months’ activity for Ashburn Farm.
Townhome sales are up 42% compared to this time frame last year (17 vs. 12). Each period included two short sales, with one foreclosure in the last 90 days. Matched with a dramatic increase in average sales price to $325,253 from $303,788, and a 33% drop in average days on market to 30, the needle has moved in favor of sellers. Currently, there are 11 homes available, nine of which are under contract.
Single family home sales have also increased from last year (10 vs. 8). Again, both periods recorded one short sale while this year has had one foreclosure. The average sales price increased 5%, from $509,750 to $537,210, as average days on market dropped to 34, exactly half of last years’ number. As of this morning, there are seventeen homes actively for sale with only one not under contract.
A great start to 2013, as volume and values have increased. Buyers here should be ready to act fast, it’s a strong market for sellers at the moment. If you are considering making a move this spring, send us an email or call us at (571) 233-5495, we’d be happy to help.
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