Sterling, VA Market Report 11/5/13

05 Nov
November 5, 2013

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

September 2012 September 2013 % change
Avg. Sales Price $311,552 $389,795 25%
Avg. DOM 24 27 1%
Total Unit sales 83 108 30%
Active listings 161 200 24%

Even though interest rates have moved up slightly, 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/Westfields Regional Office.

Erica Higgins

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

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