2010 Loudoun County Monthly Sales Statistics | ||||||||
Month | Residential Units Sold | Average Sales Price | Median Price | Average Days on Market | Active Listings | New Listings This Month | New Pendings This Month | Average S/P as a Percentage of L/P |
January | 247 | $382,668 | $322,500 | 70 | 1914 | 569 | 413 | 93.27% |
February | 238 | $369,482 | $340,000 | 52 | 1944 | 518 | 433 | 95.86% |
March | 409 | $388,649 | $368,000 | 65 | 2184 | 898 | 639 | 93.92% |
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Metropolitan Regional Information Systems, Inc. :: Last Updated on 2/10/2010 | ||||||||
Monday, April 26, 2010
Market Stats for March 2010
The Proof is in the Puddin'
Sales prices in Loudoun County
Look at the trend of home sale prices over the past 3 years... You can see where the market has had it's most significant drop in sales pricew. You can also notice where we've stated to see stabilization in the real estate market and most recently, slow but steady increases in sales prices!
Look at the trend of home sale prices over the past 3 years... You can see where the market has had it's most significant drop in sales pricew. You can also notice where we've stated to see stabilization in the real estate market and most recently, slow but steady increases in sales prices!
SPIKE IN SALE PRICES!!
I've been saying for several months that we have been seeing a very steady real estate market in Loudoun County. Now here it is... finally, for the first time since 2005, March 2010 year to date median sales prices are HIGHER than they were in March 2009!
Read the full article from DAAR here:
DAAR - Member Services - Loudoun Market Watch: Median Sales Prices and Sales Spike
Contact me if you'd like to set up a time to talk more about the real estate market!!
Carmelle Shea
Tuesday, January 26, 2010
2009 Market Statistics- Loudoun County
Special thanks to the Dulles Area Association of Realtors for tracking and producing this data for us to see!
Loudoun County Home Sales 2009 end on an UP-SWING!~
Loudoun County ended the year on an up-swing: low supply and high demand resulted in an increase in sales prices from November 2009 to December 2009. 
However median sales prices are still lower than prices from December 2008. In fact, the median sales price for homes are comparable to 2003/2004 prices! There is only 3.4 months supply of homes available on the market. This is the lowest it has been in 4 years. Approximately half of the homes actively listed for sale as of December 2009 were distress sales, ie., Short sales or foreclosures. Despite the term "Distress", offers are coming in at 95-97% of their list price. Low-ball offers are a thing of the past! This may not be forever, however... Loudoun County may have another wave of foreclosures coming. If the demand for housing continues as it is, house prices should be relatively consistent with their current value. If demand for housing goes down, expect prices to fall too. Again, I say... it is a sellers market, with 2003 prices. If you have to sell or are considering a sale in the near future, this may be THE BEST time to do so. Call us for a personal consulation on your housing needs.
However median sales prices are still lower than prices from December 2008. In fact, the median sales price for homes are comparable to 2003/2004 prices! There is only 3.4 months supply of homes available on the market. This is the lowest it has been in 4 years. Approximately half of the homes actively listed for sale as of December 2009 were distress sales, ie., Short sales or foreclosures. Despite the term "Distress", offers are coming in at 95-97% of their list price. Low-ball offers are a thing of the past! This may not be forever, however... Loudoun County may have another wave of foreclosures coming. If the demand for housing continues as it is, house prices should be relatively consistent with their current value. If demand for housing goes down, expect prices to fall too. Again, I say... it is a sellers market, with 2003 prices. If you have to sell or are considering a sale in the near future, this may be THE BEST time to do so. Call us for a personal consulation on your housing needs.
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