Tag Archive for: Sterling

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 2/16/11

16 Feb
February 16, 2011 Are prices falling? 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. At the present rate of sales and inventory, Sterling has less than a three months supply of homes, and six is considered a balanced market. 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 6/8/10

08 Jun
June 8, 2010 Here we are Post-Tax Credit. The predictions of Doom & Gloom seem not to have panned out. Folks are still buying and selling as they have for generations, without government subsidies. Today’s prices are still great values and affordability is at historic highs due to exceptionally low interest rates. Sterling has been an active market and the price increases and reduced selling time are proof of that. Read more [...]

Sterling, VA Market Report 5/4/10

04 May
May 4, 2010 Since it is Spring, it is normal for inventory to rise and sales to also rise. After about three years of decline, the market bottomed in December 2008. Since then, buyers have been rewarded with increasing equity from price increases as well as paying down a small part of their mortgage each month with every payment. Read more [...]

Sterling, VA Market Report 4/2/10

02 Apr
April 2, 2010 Almost every month the median sales price in Sterling has been going up. In fact, it’s now 7% higher than one year ago. Plus, the time it takes to sell a house in Sterling is down to 31 days, improving on last month’s 36 days and 91 days this time one year ago. Available inventory is now down 21% from a year ago, reducing the housing selection for potential buyers... Read more [...]

Sterling, VA Market Report – 2/26/10

26 Feb
February 26, 2010 It is very normal for the number of closings in January to be lower than totals in the month of December. At the end of the year it's typical for people to race to get into their new home before the holidays, leaving January figures to pale in comparison. Almost every month the median sales price in Sterling has been going up. In fact, it's now 18% higher than one year ago. Plus, the time it takes to sell a house in Sterling is down to 36 days, improving on last month's 39 days. 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 [...]