Remember how back in April I was writing about how it was slim pickin’s for homebuyers in Ashburn? Yup, that has changed, and dramatically. Since the first time homebuyer tax credit ended on April 30th, our inventory has risen tremendously…there are now more than twice as many homes on the market. Now that we don’t [...]
Continue reading about What a Difference, Three Months Later…
The rush is over…to take advantage of the first time homebuyer tax credit, you needed to be under contract to purchase by the end of last month. Since the Loudoun County real estate market got really busy starting at the beginning of the credit, I had a feeling that we’d see some dramatic changes once [...]
We haven’t looked at stats tables for Ashburn in a while, so let’s see what happened with the market last week while we had a whole bunch of snow on the ground: 90-day stats for Single Family properties inASHBURN, VA as of August 27, 2010Median List Price:$589,149Average List Price:$645,781Total Inventory:311Price per Square Foot:$155Average Home Size:3,947Median [...]
The spring market is due to start any moment here, just as soon as anyone can dig out from under all of this snow and start selling houses…so let’s take a peek at where the median price is for the different zip codes in Ashburn (keep in mind that condos really means condos and townhomes)… [...]
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 [...]
Continue reading about Heading Into Fall, and Still Bustling
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 [...]
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 [...]
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 [...]
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 [...]
Continue reading about Prices Trend Up, Sellers Taking Notice
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 [...]
Continue reading about Market Staying Hot? Or Will Higher Interest Rates Douse It?
