Moving into 2012, we see a slight rebound from the very poor 4th quarter of 2011. Pending sales have recovered nicely since the low in September, which indicates that sales volume will increase in next 45-60 days.
|February 2011||February 2012||% change|
|Avg. Sales Price||$408,992||$424,826||3.8%|
|Total Unit sales||61||58||-5%|
All indications show that the Leesburg market will continue to enjoy a steady increase in value. While the average sales price in Loudoun County has declined nearly 5% since February 2011, the Leesburg market has shown a 4% increase.
Commentary and analysis provided by Jim Agnew, Avery Hess, Realtors, Dulles/Westfields Regional Office
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