Price Tags in Ashburn Village are Going Up

Ashburn townhomes

Unlike Ashburn Farm, the past three months in Ashburn Village have been a little mixed. The townhome market is a little slower, while the single family market has improved. Interesting to note, the number of distressed sales is down considerably this year, let’s take a peek.

Over the last ninety days, 21 townhomes have sold in Ashburn Village, a 24% decline compared to last year’s 26. The good news is the stat every seller cares about, average sales price, jumped to$342,114 from $295,340. Even if we remove the short sales and foreclosures from last year, the increase is still almost $39,000! The average days on market for the past quarter is 38, eleven better than same period a year ago. Currently, there are 31 townhomes on the market, ten of which are still available.

Eleven single family homes have sold in the last three months, compared to nine last year. The average sales price has increased to $536,136, a 5.6% gain from last year’s average of $507,444, while days on market dropped slightly to 39 from 42. As of this morning, twelve homes are listed for sale, with five under contract.

A nice start to 2013, especially for sellers with the increased sales prices.  Buyers here have a little more from which to pick, but not much so be prepared to act if you see something you like. 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.

Want to know what your Ashburn Village home is worth? It’s simple, register for our home value report and it will quickly arrive in your inbox! (Live outside of Ashburn Village, but still curious about home values? That’s fine, you can register, too.) If you are thinking about buying in Ashburn Village, we can help with that as well; sign up here to receive all the new listings in this neighborhood.

Cheers,
Mike

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About our blog

Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.



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