Breaking down median price statistics by zip code in Sterling shows us that depending on where in Sterling you live, your median price trends can be very different from your neighbors across town. Look at this:
Single Family Homes
Look at the dramatic difference between the 20164 zip code and the others! That zip encompasses Sterling Park and Sugarland Run, two neighborhoods that were arguably the hardest hit in Loudoun for foreclosures and short sales. We are finally seeing some price recuperation there, with median price rising there as it dropped in the other two zip codes.
Condos and Townhomes
For the condo/townhome market, we see similar patterns in all three zip codes, with prices dropping slightly and then appearing to stabilize over the winter. If you look at the median price and not the pattern, though, you will see that a townhome or condo in 20164 is worth significantly less than in the rest of Sterling.
If you want information specific to your neighborhood, just ask me and I’m happy to provide it. Or you can sign up to get a bi-weekly (spam free) market report that is tailored to your neighborhood and home type.
Cheers,
Heather
Tags: median price, Sterling
