Posts Tagged ‘Ashburn’
Ashburn, VA Market Report – 12/6/11
Wow, when we last looked at Ashburn and Loudoun County in July we saw huge gains for the County and Ashburn. Now the news is not so good. Even though the average sales price continues to lead the County’s $391,485, sales volume has dropped 10% since October, 2010, the County has dropped 15%.
| October 2010 | October 2011 | % change | |
| Total Sales Volume | $39,891,600 | $35,513,887 | -10% |
| Sold units | 100 | 85 | -15% |
| Avg. sold price | $398,916 | $417,810 | 4.7% |
| Avg. DOM | 46 | 84 | 31% |
| Active listings | 338 | 337 | -% |
New home sales in the 20148 zip code continue to fuel the Loudoun County’s Market, however, the builders enjoying a great Summer market began building spec homes, which have not sold as quickly as they anticipated.
The uncertain National economy has had a negative effect on our local Northern Virginia market, even though our unemployment remains the lowest of any major Metropolitan areas in the Country. Interest rates continue to remain record low levels and New Home Builders want to get that inventory off the market by the end of the year, so think positive and Buy Now!
Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles-Westfields Regional Office, Centreville, VA 20120
Ashburn, VA Market Report – 9/12/11
Wow, Ashburn leads the market in Loudoun County. Sales volume has a dramatic increase over June, 2010, the average sales price is 11% above that of Loudoun County’s $428,522 as well as being well above Northern Virginia’s average sales price of $439,728, while the number of active listings remains relatively stable.
Statistics for zip codes 20147 and 20148:
| July 2010 | July 2011 | % change | |
| Total Sales Volume | $50,987,540 | $58,642,732 | 15% |
| Sold units | 99 | 123 | 24% |
| Avg. sold price | $515,020 | $476,770 | -7.4% |
| Avg. DOM | 63 | 43 | -31% |
| Active listings | 337 | 360 | 6.8% |
All indications show that the Ashburn market will enjoy a steady increase in value. Even though new home builder sales have decreased over the past month or so, the Ashburn market continues to be one of the “hot beds” of new construction in Northern Virginia, with new single family and town homes leading the charge in the Brambleton area.
If you are considering selling your home, now is the time! Choose from well known, reputable companies, interview 2 or 3 Realtors active in your market, and compare their marketing plans, internet exposure, and social media interaction.
Information obtained from statistics supplied by Metropolitan Regional Information Systems and analysis and comment by Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles-Westfields Regional Office, Centreville, VA 20120
Ashburn, VA Market Report – 8/3/11
Wow, Ashburn leads the market in Loudoun County.
Sales volume has a dramatic increase over June, 2010, the average sales price is up nearly 10%, and number of active listings remains relatively stable.
Let’s look at the stats for zip codes 20147 and 20148:
| June 2010 | June 2011 | % Change | |
| Total Sales Volume | $68,310,030 | $77,247,525 | 13% |
| Avg. Sold Price | $440,710 | $482,797 | 9.6% |
| Avg. DOM | 38 | 55 | 45% |
| Active Listings | 344 | 358 | 4% |
All indications show that the Ashburn market will enjoy a steady increase in value. The Ashburn market is one of the “hot beds” of new construction in Northern Virginia, with new single family and town homes leading the charge in the Brambleton area.
If you are considering selling your home, now is the time! Choose from well known, reputable companies, interview 2 or 3 Realtors active in your market, and compare their marketing plans, internet exposure, and social media interaction.
Information obtained from statistics supplied by Metropolitan Regional Information Systems and analysis and comment by Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles-Westfields Regional Office, Centreville, VA 20120
Ashburn, VA Market Report – 5/2/11
Now that the spring market is in full swing, there is a noticeable increase in new properties on the market as well an increase in properties going under since February. The most favorable part of these statistics is that even though the number of active listings has increased since last year, the average sales price has also increase nearly 18%!
| March 2010 | March 2011 | % change | |
| Total Sales Volume | $51.932,089 | $33,963,941 | -34% |
| Avg. sold price | $384,682 | $452,852 | 17.8% |
| Avg. DOM | 40 | 60 | 50% |
| Under Contract | 342 | 192 | -32% |
| Active listings | 274 | 304 | 10% |
All indications show that the Ashburn market will enjoy a steady increase in value. We must remember that March of 2010 contained a larger number of foreclosures and short sales, and was driven largely by the first time buyer tax credit, particularly is the under $400,000 price range.
Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Jim Agnew, Avery-Hess, Realtors.
Ashburn, VA Market Report – 11/29/10
Ashburn is following the normal seasonable pattern of softening prices and reduced inventory as we approach the holiday season. For some very focused buyers, the next six weeks will be the best time of year to buy a new home since there are fewer buyers in the marketplace to compete with. The stats and analysis for Ashburn are as follows:
- Homes for sale: 466 (down from 495 in September and up from 391 one year ago)
- Homes sold: 90 (down from the 101 units in September and down from last year’s 102 units)
- Average sold price: $410,646 (down from $445,265 last month but still up from $382,665 last year)
- Average days on market: 50 (amazingly stable in the 40-50 day range for the last year)
When you read in the paper about falling real estate prices nationwide, they are NOT talking about Ashburn. This area has had steadily rising prices for almost two years now. Not only are the prices stable to rising, it is also a genuinely great place to live!
Market report provided by David Hess, Executive Vice President, Avery-Hess, Realtors.
Search for Homes in Ashburn, VA: www.averyhess.com
Ashburn, VA Market Report – 10/19/10
Ashburn remains a stable and attractive residential real estate market. The stats and analysis are as follows:
- Homes for sale: 494 (same as in August and up from 404 one year ago)
- Homes sold: 101 (down from the 117 units in August but up a smidge from last year’s 97 units)
- Average sold price: $435,266 (down from the statistical spike of $460,373 in August but up from $424,550 last year)
- Average days on market: 47 (amazingly stable in the mid 40s for the last year)
Ashburn is a very stable market based on the stats and what agents are telling me. After the financial panics, people get back to the basics and ask, “where is a good place to live?” Then they go buy a home there. This is exactly what we have seen in Ashburn for the past 21 months since prices bottomed in November 2008.
The market place has normalized in the absence of any more government intervention. Hello Congress did you hear that! Consumers can actually make good decisions on their own.
Market report provided by David Hess, Executive Vice President, Avery-Hess, Realtors.
Search for Homes in Ashburn, VA: www.averyhess.com
