May 7, 2008
Loudoun County: Past Sales, March through Mid-April
Last time I posted past sales, I waited 3 weeks since the last past sales post and wound up with only a handful of transactions to report. This time, I gave it 6 weeks and it’s a much, much different story. Usually, I search by subdivision instead of by zip code, but there were so many sales that I had to organize the data by zip this time. Below are the numbers for 20176, 20147, and 20148 for March through Mid-April. The stats for 20176 are small in comparison to the other 2 zips, but only because I only cover one subdivision in 20176 (Lansdowne). Note that several Ashburn subdivisions (the Farm, the Village, and the Broadlands) take up parts of both 20147 and 20148.
20176 (Lansdowne)
20 sales
Average sale price: $509,211
Median sale price: $507,500
The stats for 20147 and 20148 take up too much room to fit on this page, so only the highlights are shown below. Click on “Read the rest of this entry” to view the sales tables for both of those zips.
20147 (Ashburn Village, Ashburn Farm, Belmont Country Club, Belmont Greene, Broadlands)
120 sales
Average sale price: $377,829
Median sale price: $332,500
20148 (Ashburn Village, Ashburn Farm, Brambleton, Broadlands)
48 sales
Average sale price: $474,618
Median sale price: $420,250
20148 Sales
20147 Sales
Chick Hicks said:
So, this seems like a lot of sales and sounds encouraging.
But given all the swirl about market slumping and the credit crisis, should we (Loudoun homeowners, et. al.) doing a happy dance?
May 8, 2008 11:21 AM
Kira said:
I wouldn’t say we should be doing a “happy dance”. I would say that doom and gloom perpetuates itself, and sometimes it’s refreshing to take a break from “grim reality” and look for the silver lining.
There are several signs that the market may be stabilizing. There are reports everywhere that the nation’s economic picture is not nearly as sad as was anticipated. Prince William Co. saw an increase in March 2008 sales over March 2007 (significant because Prince William has been king of foreclosures in the DC region and their inventory was astronomically high). Houses that are priced right are selling in a reasonable timeframe (4 to 6 weeks on the market).
It’s easy to focus on the negative, so I sometimes try to find ways to look through a different lens.
Thanks for stopping by!
May 8, 2008 11:56 AM