Sterling, VA Market Report 7/24/13

24 Jul
July 24, 2013

What a difference a year makes. The Sterling Market in 2012 was caught in the Short Sale and Foreclosure trend, particularly the Sterling Park area.  June of 2013 has seen a great resurgence of the overall market trends of Loudoun County and Northern Virginia, inventories remain at record lows as the demand continues to outpace the supply.

June 2012 June 2013 % change
Avg. Sales Price $385,980 $416,207 7.8%
Avg. DOM 36 14 -61%
Total Unit sales 109 136 -27.5%
Active listings 260 136 -1747.6%

Even though interest rates have moved up slightly from 60 days ago, they have leveled off and show a slight fall back towards previous record lows. 

What a great time to sell and enjoy the recovery of equity in your home. Thinking about selling? Now is the time. When considering a Real Estate office, consider the Dulles Regional Office of Avery Hess, Realtors. We are ranked in the top 5% in listings in Northern Virginia, with an average of 34 days on the market and an average sale price which is 98.8% of list price.

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
5875 Trinity Parkway, Centreville, VA 20120
Office: 703-802-8200
Direct: 888-420-4554

 

 

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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