Tag Archive for: Leesburg Real Estate

Leesburg, VA Market Report – 12/2/13

02 Dec
December 2, 2013 The Leesburg Market continues into the second year of strong growth, following a huge drop in average sales price influenced by the distressed sales of foreclosures and short sales. The overall year over year increase in sales price is up 14%, outpacing Loudoun County at 6%. Closed units remain strong at 11% year over year outpacing Loudoun County which remained steady. October 2012 October 2013 % change Avg. Sales Price $388,708 $444,381 14% Avg. DOM 70 63 -10% Total Unit Sales 92 104 11% Active listings 340 354 4% Pending Sales 194 159 -18%  Northern Virginia continues to enjoy the low inventories, even though interest rates have moved up slightly above the historic lows Read more [...]

Leesburg, VA Market Report – 8/16/13

16 Aug
August 16, 2013 The Leesburg Market continues into the second year of strong growth, following a huge drop in average sales price influenced by the distressed sales of foreclosures and short sales. While the overall year-over-year increase in sales price is minimal, there was an unexplained drop in average sales price in 20175,  but the average sales price in 20176 went up 5% to $511,000. July 2012 July 2013 % change Avg. Sales Price $466,440 $474,361 2% Avg. DOM 55 37 -32% Total Unit Sales 117 153 20% Active listings 379 242 -30% Pending Sales 215 231 8% Northern Virginia continues to enjoy the lowest inventory in the past 5 years. Even though interest rates have moved up slightly above Read more [...]

Leesburg, VA Market Report – 5/9/13

10 May
May 10, 2013 Leesburg, VA. 20175 and 20176 Wow, another great year for the Leesburg Market!  When we last visited the Leesburg market in November of 2012, it was coming out of the foreclosure/short sale market. Now, it's enjoying the strong market fueled by low inventory, coupled with low interest rates. Average sales price is up over 10%, total sales volume is up an astounding 37% and pending sales are up 6%. April 2012 April 2013 % change Avg. Sales Price $404,389 $449,9932 11% Avg. DOM 68 58 -14% Total Unit Sales 106 131 24% Active listings 354 298 -18% Pending Sales 229 243 6% Northern Virginia is enjoying the lowest inventory in the past 5 years! Coupled with the continuance Read more [...]

Leesburg, VA Market Report – 1/9/13

09 Jan
January 9, 2013 Wow, what a difference a year makes.  When we last visited the Leesburg market it was just beginning to come out of the foreclosure/short sale market.  We now see that there was a strong market during the 4th quarter of 2012.  Average sales price is up 10.5% over a year ago, total sales are up 20% and pending sales are up 11%. November 2011 November 2012 % change Avg. Sales Price $420,821 $464,999 10.5% Avg. DOM 83 55 -33% Total Unit sales 75 93 20% Active listings 369 184 -15% Pending Sales 163 184 11% Northern Virginia is enjoying the lowest inventory in the past 5 years, coupled with the continuance of the historic lowest interest rates and lowest unemployment of any major Read more [...]

Leesburg, VA Market Report – 4/3/12

03 Apr
April 3, 2012 Moving into 2012, we see a slight rebound from the very poor 4th quarter of 2011. Pending sales have recovered nicely since the low in September, which indicates that sales volume will increase in next 45-60 days. Read more [...]

Leesburg, VA Market Report – 10/19/11

19 Oct
October 19, 2011 Ending the 3rd Quarter, the Leesburg Market has seen a resurgence of the average sales price, up nearly 16% over September of last year. 2010 saw this market hit extremely hard with foreclosures. Read more [...]

Leesburg, VA Market Report – 6/7/11

07 Jun
June 7, 2011 Our Northern Virginia Market continues to show a steady increase in the average sale price. And with the exception of a few isolated markets, the average sales price continues to increase year over year. Read more [...]

Leesburg, VA Market Report – 1/24/11

25 Jan
January 25, 2011 I have been writing these market reports every week for different cities in Northern Virginia and I have watched the prices rise steadily from November/December 2008 through some time this past summer or fall. Now it appears that prices seem to have softened up again. It reminds me of when I first started buying stocks. Read more [...]

Leesburg, VA Market Report – 1/20/10

20 Jan
January 20, 2010 After reporting last month that prices in Leesburg were down 20% from one year ago, this month shows that prices are up 15% when compared to December 2008. Since December 2008 was the lowest point for home prices in most of the Northern Virginia market, going forward the price comparisons may get harder to beat. Read more [...]

Leesburg, VA Market Report – 12/10/09

10 Dec
December 10, 2009 In Leesburg, there are houses of every size, age and type imaginable. Therefore a buyer can certainly find what they want at a price of their choosing. The report below represents the market conditions in Leesburg, Virginia. Read more [...]