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%|
|Total Unit sales||83||108||30%|
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.