Ashburn Village, Belmont, And Ashburn Farm June Home Sale Stats
June 10th, 2009 Categories: Ashburn Village, Belmont Country Club, Market Statistics
May was a good month for Ashburn home sales… However, the clog in the system remains due to slow response times from the banks on short sales. This is why we continue to see a lot of homes under contract and only half as many going to settlement.
These stats DO NOT include condos. They are deemed reliable but should be verified for accuracy.
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Say Goodbye To The Bottom! The Corner Has Been Turned.
May 27th, 2009 Categories: Market Statistics, Real Estate News
I have been saying this would happen… This is a simple lesson of supply and demand and the latest stats (which always show the previous month) reveal that homes are selling for closer to asking price and there are less homes on the market. Here are a few graphs from MRIS (our local MLS board).
The stats above show that overall… there is around 50% less homes on the market this year than last year at this time!
Sellers are also beginning to get more for their homes as inventory decreases. As this trend continues, buyers will have to pay over asking price to get closing cost covered… We are already seeing it, which can cause appraisal issues in the current market.
Relocating To Loudoun County VA???
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The Word Got Out… And Buyers Are Active
May 14th, 2009 Categories: Ashburn Village, Belmont Country Club, Market Statistics
We are currently seeing the highest absorption rate we have had in years. There has been a shift as you will see in these numbers.
Loudoun Luxury Homes Are Moving… Lansdowne, River Creek, and Potomac Station Sales Stats
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Loudoun Luxury Homes Are Moving… Lansdowne, River Creek, and Potomac Station Sales Stats
May 13th, 2009 Categories: Lansdowne On The Potomac, Luxury Home Communities, Market Statistics
For months now we have been seeing a lot of homes under the 400k price range sell very quickly with a lot of competition. What we have not seen is much competition in the higher end communities such as River Creek, Lansdowne, and Belmont Country Club.
It appears that the tide is turning. Check out the latest stats.
April 2009 Home Sale Stats: Loudoun County VA
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How Quickly Is Loudoun Selling?
April 22nd, 2009 Categories: Market Statistics
An absorption rate is how long it would take for the current market inventory to sell at the current rate of sales.
By reviewing these numbers, you will see that Sterling is incredibly hot at this time. Northern Ashburn (Ashburn Village and Ashburn Farms) is also selling well. If you own a home in Louduon County and have been waiting to sell.. now is a fantastic time!
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