Tag Archive for: Sterling Real Estate

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, Read more [...]

Sterling, VA Market Report 7/24/13

24 Jul
July 24, 2013 What a difference a year makes. The Sterling Market in 2012 was caught in the Short Sale and Foreclosure trend, particularly the Sterling Park area.  June of 2013 has seen a great resurgence of the overall market trends of Loudoun County and Northern Virginia, inventories remain at record lows as the demand continues to outpace the supply. June 2012 June 2013 % change Avg. Sales Price $385,980 $416,207 7.8% Avg. DOM 36 14 -61% Total Unit sales 109 136 -27.5% Active listings 260 136 -1747.6% Even though interest rates have moved up slightly from 60 days ago, they have leveled off and show a slight fall back towards previous record lows.  What a great time to sell and enjoy Read more [...]

Sterling, VA Market Report 10/03/11

03 Oct
October 3, 2011 Moving into Fall of 2011, the Sterling Market has seen a great resurgence of the average sales price -- up nearly 16% over August, 2010. 2010 saw this market hit extremely hard with foreclosures. Read more [...]

Sterling, VA Market Report 5/24/11

24 May
May 24, 2011 As the Spring market moves forward in full swing, the Sterling market bucks the trend with fewer listings than April 2010. This is the result of fewer foreclosure properties in a market that was heavily dominated by those properties last year. Read more [...]

Sterling, VA Market Report 1/17/10

17 Jan
January 17, 2011 Are prices falling? One month does not make a trend so we will see what the rest of January brings. With stable employment and low interest rates, I cannot imagine why prices would not be stable. Sterling is still way above the December lows of two years ago. Sterling has a great housing stock of all sizes, prices and ages. Read more [...]

Sterling, VA Market Report 10/27/10

27 Oct
October 27, 2010 After the big price increases that occurred after the December 2008 bottom, the Sterling, Virginia real estate market looks stable. Personally I would rather see a stable market than a rising or falling market. A stable market gives a buyer the opportunity to take their time and enjoy the excitement of buying a new residence. Read more [...]

Sterling, VA Market Report 9/10/10

10 Sep
September 10, 2010 Note that in the past 13 months prices in Sterling had risen from an average of under $320,000 to over $365,000. Then suddenly with the July closings, we saw an average sales price of only $305,155. This tells me that we had an absence of higher priced units selling and that had the effect of a big drop in the averages. Read more [...]

Sterling, VA Market Report 8/5/10

05 Aug
August 5, 2010 Note that in the past year prices in Sterling have risen from an average of under $320,000 to over $365,000. This is an increase of 14%. This 14% increase has had the effect of eliminating some lower income buyers from the housing market. Isn’t that interesting? While the media keeps talking about falling prices and shadow inventories, prices in Sterling are up 14% per year for two years in a row. Read more [...]

Sterling, VA Market Report – 1/13/10

13 Jan
January 13, 2010 Higher and higher, faster and faster, the market in Sterling, Virginia is on the move. Each month, the average sales price in Sterling keeps going up and is now 24% higher than one year ago. Read more [...]

Sterling, VA Market Report – 12/4/09

04 Dec
December 4, 2009 The average sales price in Sterling keeps going up each month and is now 14.6% higher than one year ago. Also, the time it takes to sell a house in Sterling is less than half the time it was taking at the same point last year, when the average days on market was at 95 days. Read more [...]