June 19, 2008

Loudoun County Price Reductions: Go Big or Go Home

As the summer starts to really kick off (and the market starts to really slow down), I’ve been wondering if I’d see a noticeable difference in the size of the price reductions being offered to draw in buyers. Sure enough, I’m seeing more and more substantial drops as sellers scramble to get their properties sold. Today, I’m featuring properties that have recently seen decreases of $50k or larger, and there are quite a few from which to choose. The list below includes both single families and townhomes.  

You’ll notice that I’ve highlighted more properties from Lansdowne than any other community, and that’s because Lansdowne still has a more significant overpricing problem that requires correcting. I noticed that this week, there were close to 10 Lansdowne properties that posted huge price drops; the other communities had just 1 or 2.  

ASHBURN VILLAGE
43388 Allisons Ridge Ter, Ashburn, 20148
TH; 3 bd/3.5 ba; sq. ft. unavailable
Reduced from $449,000 to $399,000
Days on Redfin: 43 

BRAMBLETON
23084 Charmay Pond Pl, Ashburn, 20148
5 bd/4.5 ba; 4930 s. ft.
Reduced from $680,000 to $620,000
Days on Redfin: 243 

LOUDOUN VALLEY ESTATES
23292 Rogerdale Pl, Sterling, 20166
4 bd/3.5 ba; 3857 sq. ft
Reduced from $724,999 to $665,000
Days on Redfin: 218

LANSDOWNE
43804 Riverpoint Dr, Leesburg, 20176
6 bd/5.5 ba; 6056 sq. ft.
Reduced from $1,100,000 to $999,000
Days on Redfin: 246 

43793 Riverpoint Dr, Leesburg, 20176
5 bd/5.5 ba; 6369 sq. ft.
Reduced from $959,900 to $799,900
Days on Redfin: 28 

44084 Riverpoint Dr, Leesburg, 20176
4 bd/3.5 ba; 3800 sq. ft.
Reduced from $645,000 to $590,000
Days on Redfin: 32

RIVER CREEK
18213 Cypress Point Ter, Leesburg, 20176
TH; 4 bd/3.5 ba; 4293 sq. ft.
Reduced from $674,000 to $606,600
Days on Market: 61