Ashburn, VA Market Report – 10/8/2013

08 Oct
October 8, 2013

The Ashburn “Red Hot” Market continues. 

The total sales volume year over year is up 52%, while sold units are up 38%, and the average and the average sales price is up 10.5% . This amazing market trend is being driven by the increase in new home sales (similar to the one we experienced 3 years ago), coupled with historically low interest rates, and continued record low inventories in Northern Virginia.

August 2012 August 2013 % change
Total Sales Volume $54,546,492 $83,444,112 52%
Sold units 120 166 38%
Avg. sold price $454,554 $502,675 10.5%
Avg. DOM 39 28 -28%
Pending contracts 204 203 NC
Active listings 285 305 -7%

Do you live in Ashburn or are you considering selling? Now is the time to consider. Positive signs of employment recovery nationally coupled with the fact that Northern Virginia continues to remain the lowest in unemployment rate of any major Metropolitan areas in the Country. Interest rates continue to remain near record low levels, 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

Erica Higgins

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

Latest posts by Erica Higgins (see all)

Tags: , , , , , ,
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply