Western LoCo Looks Like This

Single Family Homes in Purcellville

Condos/Townhomes in Purcellville

Single Family Homes in Round Hill

Condos/Townhomes in Round Hill

Last week we took a look at the market on the Eastern side of Loudoun County, in Sterling, and found that pricing there was mostly stable over the last six months, while inventory had dropped. Now, let’s look at the westernmost part of the county, and see how it compares.  (Trends typically start in Sterling and then ripple west through LoCo.)

I’ve included the charts for townhomes in Purcellville and Round Hill, but only to show that there is not enough market activity to be statistically significant. There are only 8 on the market in Purcellville, and 3 in Round Hill, so any special situation on any one listing (short sale, foreclosure, etc) can cause a huge swing in numbers.  So those numbers are just there for your viewing pleasure. (smile)

For single family homes in both towns, we have seen a drop in inventory in the last six months, similar to what has happened in Sterling, if not as dramatic.  Median price for Purcellville has dropped slightly, but has stayed mostly stable in Round Hill (the weekly up and down swings there is because of the low number of homes on the market and the wide swing in home prices, but the overall median price line has remained right around $500,000).  Average days on market is up slightly in Purcellville and down slightly in Round Hill.

Concerned about what this means for your home’s value? Or wondering how it might affect your home buying strategy? Just ask. Or call or text me at 571-233-5491, it’s what I’m here for.

Cheers,

Heather

Tags: days on market, inventory, median price, Purcellville, Round Hill