Like So it’s mid-May and the inventory still feels low to me; thought it would be worthwhile to look at where our inventory levels really sit for Loudoun. As always, keep in mind the condo line includes townhomes as well… Looking from the first of the year forward, it doesn’t look like we’ve gained much [...]
LikeI keep checking inventory levels hoping to see more homes available on the market in Loudoun County. It’s nearly April, the grass is turning green, the bunny rabbits have already snuck in and eaten my crocuses (croci?)…so where are the homes to sell?!? The charts below show inventory levels first for single family homes, and [...]
LikeThe question I get asked on a daily basis… “How’s the market?” Here’s some charts that will tell you exactly how the market is doing for single family homes in Ashburn, Sterling, and Leesburg. Pop in tomorrow and I’ll update you on condos and townhomes then. Ashburn Single Family Homes Sterling Single Family [...]
LikeSpring 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 [...]
Like 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% [...]
LikeI just wrote a post at LoCoMusings about how much short sales and foreclosures were affecting the real estate market in Loudoun County. Rather than rehash all of that here, you can jump over there to see how different parts of the county are affected compared to the market for the county as a whole [...]
LikePart of my daily routine as a Realtor is looking at the multiple listing service to see how many new listings have come on market that day. During busier periods in the year, it’s tough to keep up with all of the homes coming on (and going off) market on a day to day basis. [...]
Like…but not the way you’d think. So we know that days on market dropped in Loudoun since spring, but is there a difference in time on market based on price? The first chart below looks at single family homes, and the second chart looks at the combined condo/townhome market. Each is divided into quartiles: the [...]
LikeThe main piece of the real estate puzzle is always inventory…if there isn’t enough supply to meet the demand, prices rise and days on market drop. We’ve already seen that median home price in Loudoun isn’t dropping, but average days on market is down in most areas of the county. Here’s a look at current [...]
Like The last time I took a look at median price per square foot in Loudoun County was back in March. Since then, it’s gone from a one year low of $157 a square foot to the current level of $160 a square foot. That movement would account for a price swing of $6,000 on [...]
