Ashburn, VA Market Report – 10/19/10

19 Oct
October 19, 2010

Ashburn remains a stable and attractive residential real estate market. The stats and analysis are as follows:

  • Homes for sale: 494 (same as in August and up from 404 one year ago)
  • Homes sold: 101 (down from the 117 units in August but up a smidge from last year’s 97 units)
  • Average sold price: $435,266 (down from the statistical spike of $460,373 in August but up from $424,550 last year)
  • Average days on market: 47 (amazingly stable in the mid 40s for the last year)

Ashburn is a very stable market based on the stats and what agents are telling me. After the financial panics, people get back to the basics and ask, “where is a good place to live?” Then they go buy a home there. This is exactly what we have seen in Ashburn for the past 21 months since prices bottomed in November 2008.

The market place has normalized in the absence of any more government intervention. Hello Congress did you hear that! Consumers can actually make good decisions on their own.

Market report provided by David Hess, Executive Vice President, Avery-Hess, Realtors.

Search for Homes in Ashburn, VA: www.averyhess.com

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