Single Family Homes
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90-day stats for Single Family properties in ASHBURN, VA as of February 5, 2010 | |||
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| Median List Price | $599,731 | Average List Price | $638,502 |
| Total Inventory | 182 | Price per Square Foot | $162 |
| Average Home Size | 3,697 | Median Lot Size | 10,383 |
| Average # Beds | 4.29 | Average # Baths | 4.26 |
| Homes Absorbed | 10 | Newly Listed | 10 |
| Days on Market | 197 | Average Age | 8 |
Condos and Townhomes
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90-day stats for Condo properties in ASHBURN, VA as of February 5, 2010 | |||
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| Median List Price | $299,915 | Average List Price | $299,429 |
| Total Inventory | 203 | Price per Square Foot | $160 |
| Average Home Size | 1,784 | Median Lot Size | n/a |
| Average # Beds | 2.87 | Average # Baths | 3.16 |
| Homes Absorbed | 13 | Newly Listed | 14 |
| Days on Market | 145 | Average Age | 10 |
In Ashburn, for the week ending November 27th, it looks like the real estate market is still steady as she goes. We are still seeing homes generally being absorbed (going under contract or off market) at basically the same pace as new listings are coming on market (therefore, inventory is still not growing). Average price per square foot is right around $160 no matter what your home type. The average days on market is still considerably less for condos and townhomes than it is for single family homes, even though the inventory numbers are similar. (That’s because of the lower price range being a touch more active.)
Questions? Want to know what these numbers mean in terms of your home value? Just reach out to me and ask, it’s what I do. (smile)
Cheers,
Heather
Tags: Days on Market, Inventory, statistics
So how long does it really take to sell a home in Ashburn right now? Take a peek at the stats from this week and see for yourself...
| 7-day stats for Condo properties in ASHBURN, VA20147 as of October 23, 2009 |
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| Median List Price | $275,450 | Average List Price | $280,470 |
| Total Inventory | 152 | Price per Square Foot | $155 |
| Average Home Size | 1,712 | Median Lot Size | n/a |
| Average # Beds | 2.84 | Average # Baths | 3.16 |
| Homes Absorbed | 10 | Newly Listed | 10 |
| Days on Market | 121 | Average Age | 12 |
This table shows condos and townhomes (combined stats) for 20147. Homes are still being absorbed at the same rate that they are going on market.
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Average Days on Market for homes in ASHBURN, VA 20147 as of Oct. 23, 2009 is 121 |
Right now, it takes about 60 days longer to sell a single family home than it does a townhome or condo. Personally, though, I think that the numbers we see here are not really indicative of what is happening in the market. The short sales (due to the length of time that they show as active, even while offers are pending) are skewing the numbers. I am seeing traditional sales take far less time than 120 or 180 days to go under contract.
Cheers,
Heather
Tags: 20147, Ashburn, Days on Market
Well, this point in the year is typically pretty quiet as schools open and fall sports begin. With the first time homebuyer tax credit set to expire the end of November, we see that the real estate market in Ashburn is still pretty busy!
| 7-day stats for Condo properties in
ASHBURN, VA as of September 18, 2009 |
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|---|---|---|---|
| Median List Price | $299,888 | Average List Price | $297,536 |
| Total Inventory | 225 | Price per Square Foot | $155 |
| Average Home Size | 1,944 | Median Lot Size | n/a |
| Average # Beds | 2.92 | Average # Baths | 3.25 |
| Homes Absorbed | 15 | Newly Listed | 22 |
| Days on Market | 124 | Average Age | 10 |
Keep in mind that when the chart says condo, it is actually condos and townhomes. You can see that homes absorbed is a little less than the number of homes newly listed, which means that the inventory expanded ever so slightly this week.
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Median Price for homes in ASHBURN, VA All ZIP Codes as of September 18, 2009 is $299,888 |
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Inventory for homes in ASHBURN, VA All ZIP Codes as of September 18, 2009 is 225 |
Pretty easy to see that prices are nice and flat (read: stable!) for detached homes as well as condos and townhomes. Inventory has climbed just a touch in the last couple of weeks. I\\\'ll be watching to see if this continues, or if this is just a blip on the charts. Specific questions about the market, or want more information? Just hit the Ask Heather button up in the top right!
Cheers,
Heather
Tags: Ashburn, Inventory, LoCo, Loudoun County, Median Price, Virginia
Most of the time, when I pull up the statistics for a town or zip code, I can look at different types of statistics and see how they are working in conjunction with each other, and it meshes with what I am seeing in the marketplace. I have to say, though, that when I look at the condo/townhome market statistics for Ashburn right now, I’m left scratching my head….not over the stable median price, or the steadily dropping inventory, but the rising days on market sticks out like a sore thumb! Granted, seeing a jump up from 112 days to 125 days isn’t huge, but if this is a new trend, I can’t tell where it is coming from. If the days on market keep going up, then inventory should flatten out…Guess this is just one stat we are going to have to keep an eye on!
| 7-day stats for Condos/Townhomes in
ASHBURN, VA as of September 11, 2009 |
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| Median List Price | $299,900 | Average List Price | $299,141 |
| Total Inventory | 217 | Price per Square Foot | $155 |
| Average Home Size | 1,950 | Median Lot Size | n/a |
| Average # Beds | 2.91 | Average # Baths | 3.22 |
| Homes Absorbed | 14 | Newly Listed | 8 |
| Days on Market | 126 | Average Age | 10 |
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Questions? Just hit that Ask Heather button at the top and reach out to me! (Or if you prefer, call me on my cell phone at 571-233-5491 or email me at info@heatherelias.com)
Cheers,
Heather
Tags: Ashburn, Condos, Days on Market, Inventory, LoCo, Loudoun County, Median Price, statistics, Townhomes
Pretty easy to see from that graph that single family home inventory is still dropping like a rock in Ashburn right now. Homes absorbed is still outpacing homes listed…a grand total of 14 single family homes came on market last week in all of Ashburn. Still feel like a buyers’ market? I hear agents in my office asking around now, “Hey, I have a buyer that needs…” (whatever type of home, whatever price range)..”Anybody have a listing coming up that might fit?” Times have changed rapidly from the high days on market, high inventory from last year…
| 90-day stats for Single Family properties in ASHBURN, VA as of August 21, 2009 |
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|---|---|---|---|
| Median List Price | $602,608 | Average List Price | $631,380 |
| Total Inventory | 219 | Price per Square Foot | $153 |
| Average Home Size | 3,944 | Median Lot Size | 10,474 |
| Average # Beds | 4.31 | Average # Baths | 4.23 |
| Homes Absorbed | 16 | Newly Listed | 14 |
| Days on Market | 161 | Average Age | 10 |
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Questions? Just ask!
Cheers,
Heather
Tags: Ashburn, Inventory, LoCo, Loudoun County, Real estate, Single Family Homes, statistics
It’s the end of July and the Ashburn real estate market continues to roll right along nice and strong. Inventory levels are low, and multiple offers are the norm in most of the lower price points (although the multiple offers aren’t causing price run-ups like what we saw in 2004 and 2005.) The statistics below match up well with what I’m seeing in my day to day interactions with buyers and sellers.
To me, the most noticeable point is looking at the number of homes absorbed versus the number of newly listed homes. (That’s classic supply and demand, folks.) When there are more homes selling (being absorbed) than there are new listings, the inventory is getting lower~~ and it’s already low! The 20147 zip is particularly strong in that area, while the 20148 zip is merely keeping up, or close to it. The price per square foot is consistent throughout Ashburn, but median list price is higher in 20148 (where the average age of homes is half what it is in 20147).
If you would like free reports emailed to you specific to your zip code and home type, just use the Subscribe Now box at the top right. (Don’t worry, I won’t spam you with anything, I hate spam as much as you. <smile>) And if you want more information, would like to chat with me about your options, or have specific questions, hit the Ask Heather button and reach out! (or call me, that works too!)
Cheers,
Heather
Tags: 20147, 20148, Days on Market, Inventory, median list price, new listings
Any working real estate professional in Loudoun County is going to nod their head in agreement when looking at these charts; the real life ‘boots on the pavement’ experience is matching up for certain with what we see on these charts. Ashburn condos and townhomes are definitely selling as fast as they are coming on the market! Before I get ahead of myself, though, let’s take a peek at median price, first…
Single Family Home Median Price
Pretty easy to see what is happening here.. Clearly, median home prices appear to have bottomed in March through May, and have gained steadily since then. Whether this is temporary or a sign of a true bottom? Time will tell. For now, if you are thinking about buying or selling a single family home in Ashburn, the market is now being labeled “stabilized” and not “declining” by appraisers.
Single Family Home Median Price
Condo and Townhome Median Price by Quartile
What’s a quartile? It looks at each quarter of the market, so that we can pinpoint if one price bracket is performing differently than another. From looking at condos and townhomes in Ashburn, it looks like all four quartiles are performing similarly..and we aren’t seeing an uptick in pricing, right now.
Condo & Townhome Median Price by Quartile
New and Absorbed Single Family Listings
The black line is new listings, and the orange line is listings absorbed. So when the orange is above the black, homes are selling faster than new listings are replenishing the inventory. This was the case from November of last year through until March of this year. Absorbed listings started outpacing new listings again in June, so inventory has tightened up a bit since then. The spike upwards in absorbed listings the beginning of May coincides with the uptick in median price too..laws of supply and demand, in action.
Single Family Home New and Absorbed Listings
New and Absorbed Condo and Townhome Listings
The orange and black lines have been pretty evenly matched up since March for condos and townhomes, which is probably why we aren’t seeing an uptick in prices right now. The inventory level feels low to me from acting as a buyer’s agent, so I’ll be watching to see how the median price behaves over the short term.
Condo & Townhome New and Absorbed Listings
If you would like more specific reports emailed to you, fill out the Subscribe Now form at the right (don’t worry, I won’t spam you…this is an information based site!). If you’ have a real estate question, or want my opinion on the market, click the Ask Heather button at the top and drop me a line.
Cheers,
Heather
Ashburn Median Price Starts to Creep Up
Median price is trending upwards across Ashburn, except for condo/townhomes in 20148, where median price has flattened. Inventory continues to remain low, and mostly flat since March. From what I have observed while doing business the last few weeks, the uptick in mortgage rates has slightly slowed the amount of buyer traffic and contracts; with the low number of available homes on market, though, the median prices haven’t been impacted yet.
Questions? Feel free to hit the Ask Heather button and I’ll get back to you right away. If you’d like to receive a detailed market report emailed to you, specific to your home type and zip code, just fill out the form below…keep in mind that ‘condo’ reports are for the whole condo and townhome market:
Cheers,
Heather
Tags: Ashburn, Inventory, LoCo, Loudoun County, Median Price, statistics, Virginia
Well.. I knew I was having a difficult time locating available properties for buyers in Ashburn, and the current inventory numbers certainly support that. You can see an uptick between March and mid-May, which makes sense from a seasonal perspective, but it is so far off from the super-high inventory levels of last summer! You can also see that median price of single family homes has trended UP, yes, UP as a result of the inventory issue. Condos and townhome median price is up slightly for the same time frame. I’m curious to see what the one percent swing upward in mortgage rates is going to do to the hot pace of home sales we’ve been seeing here in Loudoun County; don’t know if that’s going to be a bucket of cold water on a market that has been showing some strong signs of recovery…we’ll have to watch what happens with the number of listings sold in the next month.
Single Family inventory versus Condo/ Townhome Inventory
Ashburn Single Family Median Price
Ashburn Condo/ Townhome Median Price
If you would like to receive email reports specific to your zip code, just fill out the ‘Subscribe Now’ form in the sidebar over on the right. If you’d like to ask me a specific questions about these updates, the market, or real estate in general, just hit the ‘Ask Heather‘ button and fill that form out; I’ll get right back to you.
Cheers,
Heather
Tags: Ashburn, Inventory, LoCo, Loudoun County, market update, Median Price, Real estate, Virginia
New Condo/Townhome Listings Barely Keeping Pace
If you are hoping to purchase a condo or townhome in Ashburn in the near future, take note…the number of new listings coming on the market is barely keeping pace with the market demand! (Conversely, if you are looking to sell, there is a lot of buyer activity going on.) Not so much for single family homes, where inventory is picking up, finally. This is a point in the year where we typically see a large jump in the number of new listings…if you look at the charts below, for single family homes, you can see that we saw quite a few listings come on market toward the end of February, but some spikes in listings absorbed was keeping the inventory from increasing significantly until recently.
For condos and townhomes though, buyer activity has kept up with the pace of new listings, with homes being absorbed from the inventory as fast as the listings were coming on market. From November until mid-March, inventory was being absorbed at a higher rate than new listings were available. After seeing that inventory climb from the end of March through the first week of April, we are seeing another spike in absorbed listings, causing the available inventory to drop again. Not surprisingly, we are seeing multiple offer situations on the most desirable townhomes and condos. It will be interesting to see how long this trend continues.
And by the way, that big jump up in listings absorbed that started the end of February, on both those charts? The announcement of the $8,000 first time homebuyer tax credit came on February 25th. Think that had anything to do with the sudden buyer activity?
New Listings and Absorbed Listings for Single Family Homes
New Listings and Absorbed Listing for Condos/Townhomes
Ashburn Overall Inventory
Tags: Days on Market, homes for sale, housing inventory, Loudoun County, new listings, Real estate, statistics, Virginia
