Tag Archive for: Ashburn

Ashburn, VA Market Report – 12/5/12

05 Dec
December 5, 2012 Wow, what a change 9 months makes! The Ashburn market is “Red Hot.”  The total sales volume year over year is up 27%, while sold units is down 22% which has created an increase in average sales of $26,000 over October, 2011.  This amazing market trend is being driven by the lowest interest rates in history, coupled by the lowest inventory in Northern Virginia in 5 years.  The re-sales and new home sales continue to surge upward. October 2012 October 2011 % change Total Sales Volume $48,846,591 $35,513,887 27% Sold units 85 110 -22% Avg. sold price $444,060 $417,810 6% Avg. DOM 43 83 -107% Pending contracts 204 119 72% Active listings 277 337 -17% Do you live in Ashburn Read more [...]

Ashburn, VA Market Report – 7/23/12

23 Jul
July 23, 2012 After a dismal start to 2012, Ashburn has shown a remarkable recovery in the 2nd quarter. Sold units have increased over 100% and median sales price well over 25%. This mirrors the same great stats for Loudoun County. Ashburn continues to be the benchmark for Loudoun County, producing over 35% of Loudoun County’s sales volume and maintaining a average sales price nearly 20% above the County's average. Read more [...]

Ashburn, VA Market Report – 6/5/12

05 Jun
June 5, 2012 As we move into the summer months, Northern Virginia, Loudoun County and Ashburn, continue to see record low inventories paired with historic low interest rates. Loudoun has experienced an increase of 20% total sales volume over March and Ashburn has seen a 38% increase. Great numbers definitely redefine the projections for the selling season. Read more [...]

Ashburn, VA Market Report – 2/15/12

15 Feb
February 15, 2012 When we last looked at Ashburn and Loudoun County in October we saw huge losses for the County and Ashburn. Now the news the news is much better. The County’s average sales price has recovered nicely and is now at $471,000. Read more [...]

Ashburn, VA Market Report – 12/6/11

06 Dec
December 6, 2011 Wow, when we last looked at Ashburn and Loudoun County in July we saw huge gains for the County and Ashburn. Now the news is not so good. Even though the average sales price continues to lead the County’s $391,485, sales volume has dropped 10% since October, 2010, the County has dropped 15%. Read more [...]

Ashburn, VA Market Report – 9/12/11

12 Sep
September 12, 2011 Wow, Ashburn leads the market in Loudoun County. Sales volume has a dramatic increase over June, 2010, the average sales price is 11% above that of Loudoun County’s $428,522 as well as being well above Northern Virginia’s average sales price of $439,728, while the number of active listings remains relatively stable. Read more [...]

Ashburn, VA Market Report – 8/3/11

03 Aug
August 3, 2011 Wow, Ashburn leads the market in Loudoun County. Sales volume has a dramatic increase over June, 2010, the average sales price is up nearly 10%, and number of active listings remains relatively stable. Let's look at the stats for zip codes 20147 and 20148: June 2010 June 2011 % Change Total Sales Volume $68,310,030 $77,247,525 13% Avg. Sold Price $440,710 $482,797 9.6% Avg. DOM 38 55 45% Active Listings 344 358 4% All indications show that the Ashburn market will enjoy a steady increase in value.  The Ashburn market is one of the “hot beds” of new construction in Northern Virginia, with new single family and town homes leading the charge in the Brambleton area. If Read more [...]

Ashburn, VA Market Report – 5/2/11

02 May
May 2, 2011 Now that the spring market is in full swing, there is a noticeable increase in new properties on the market as well an increase in properties going under since February. The most favorable part of these statistics is that even though the number of active listings has increased since last year the average sales price has also increase nearly 18% Read more [...]

Ashburn, VA Market Report – 11/29/10

29 Nov
November 29, 2010 Ashburn is following the normal seasonable pattern of softening prices and reduced inventory as we approach the holiday season. For some very focused buyers, the next six weeks will be the best time of year to buy a new home since there are fewer buyers in the marketplace to compete with. Read more [...]

Ashburn, VA Market Report – 10/19/10

19 Oct
October 19, 2010 Ashburn is a very stable market based on the stats and what agents are telling me. After the financial panics, people get back to the basics and ask, “where is a good place to live?” Then they go buy a home there. This is exactly what we have seen in Ashburn for the past 21 months since prices bottomed in November 2008. Read more [...]