Ashburn, VA Market Report – 7/23/12

23 Jul
July 23, 2012

After a dismal start to 2012, Ashburn has shown a remarkable recovery in the 2nd quarter.  Sold units have increased over 100% and median sales price well over 25%.  This mirrors the same great stats for Loudoun County.  Ashburn continues to be the benchmark for Loudoun County, producing over 35% of Loudoun County’s sales volume and maintaining a average sales price nearly 20% above the County’s average.

June 2012 June 2011 % change
Total Sales Volume $76,767,697 $76,933,483 NC
Sold units 163 160 NC
Avg. sold price $470,697 $480,834 -2%
Avg. DOM 42 44 -.05%
Pending contracts 257 190 35%
Active listings 286 358 -25%

 

Do you live in Ashburn?  Now is the time to consider selling!

Positive signs of employment recovery are showing nationally, and Northern Virginia continues to have one of the lowest unemployment rate of any major Metropolitan areas in the Country.  Interest rates continue to remain at record low levels, and inventories are at 5 year record low in Northern Virginia – so think positive and buy or sell now!

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

 

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