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Peeking Around the Corner
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Spring is right around the corner, I promise! Just a reminder that the orange ‘condo’ line includes townhomes, too. Inventory feels low to me, still, and I’m expecting that it will begin to rise as we get into the full rush of the spring market. At this point, I’m only seeing 15-20 new listings per
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New Year, New Market?
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We’ve turned the corner into another year in Loudoun, and I’m a couple of weeks late with a 2010 wrapup post on the state of the market. So how did 2010 turn out, compared to 2009? Total Homes Sold 2010: 4936, which is down 8.8% from 2009 Median Sale Price 2010: $362,500, up 8.2% from
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When a Flat Line is a Good Thing…
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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
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Looks Pretty Positive to Me…
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So, taking the pulse of the real estate market in the western part of Loudoun County, and what do we find? Across the board, average days on market are down significantly since the spring, inventory levels are still low, and median price is trending up. Overall this looks pretty positive to me. While the national
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No Dip Here, Either
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Yesterday I posted on LoCo Market Stats about how median price in Loudoun hadn’t dipped in the summer as I expected. From the chart above (black line is single family homes, orange is combined condo/townhome stats) you can see that pricing has stayed relatively steady, after squeaking upward slightly toward the end of the first
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Wait, There’s No Crash?
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I was concerned that we were going to see another dip in home prices in Loudoun County following the end of the first time homebuyer tax credit, because the buyer demand that came right before the deadline caused prices to rise pretty much across the board in April. The chart above shows median pricing for
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Huh, Prices Rising in Round Hill?
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I’ve been analyzing real estate market statistics across Loudoun County all this week (see my earlier post here or at LoCo Market Stats) and everywhere we look, median price has held steady or declined a bit since the end of April, coinciding with the end of the first time homebuyer tax credit. Not so in
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Stable Market For the Summer?
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While it feels quieter to me as an agent since the end of April and the rush of business connected to the first time homebuyer tax credit, we are still certainly in the middle of the spring market, and the busiest period of the year for real estate in Loudoun County. After going through a
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Storm Before the Calm?
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I thought it might be helpful to look at how the current market climate has affected median price in different towns across the county. The first chart shows single family home data, and the second shows the combined condo/townhome market. Everything seemed pretty stable right up until the beginning of March, huh? I’m guessing that
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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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