Ashburn, VA Market Report – 9/12/11

12 Sep
September 12, 2011

Wow, Ashburn leads the market in Loudoun County.  Sales volume has a dramatic increase over June, 2010, the average sales price is 11% above that of Loudoun County’s $428,522 as well as being well above Northern Virginia’s average sales price of $439,728, while the number of active listings remains relatively stable.

Statistics for zip codes 20147 and 20148:

July 2010 July 2011 % change
Total Sales Volume $50,987,540 $58,642,732 15%
Sold units 99 123 24%
Avg. sold price $515,020 $476,770 -7.4%
Avg. DOM 63 43 -31%
Active listings 337 360 6.8%

 

All indications show that the Ashburn market will enjoy a steady increase in value.  Even though new home builder sales have decreased over the past month or so, the Ashburn market continues to be one of the “hot beds” of new construction in Northern Virginia, with new single family and town homes leading the charge in the Brambleton area.

If you are considering selling your home, now is the time!  Choose from well known, reputable companies, interview 2 or 3 Realtors active in your market, and compare their marketing plans, internet exposure, and social media interaction.

Information obtained from statistics supplied by Metropolitan Regional Information Systems and analysis and comment by Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles-Westfields Regional Office, Centreville, VA 20120

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