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%|
|Total Unit sales||109||136||-27.5%|
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:
Avery Hess, Realtors-Dulles Regional Office
5875 Trinity Parkway, Centreville, VA 20120