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ASHBURN VIRGINIA MARKET REPORT anc HOME PRICES FOR PROPERTIES SOLD in MAY 2009

By
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

ASHBURN VIRGINIA IS AN ACTIVE REAL ESTATE MARKET with new homes and resale homes selling. 

HOMES CLOSED IN ASHBURN MAY 2009, NEW AND RESALE. 

Status: SOLD (46)
    List Price Bedrooms Baths FB HB DOMM DOMP Lot Sqft Yr Built
Min $323,585 3 3 2 0 0 0 Z 1988
Max $1,295,000 7 7 5 2 252 1,220 41,818 2009
Avg $581,585 4 4 3 1 55 89 13,212 2001

Ashburn is a major employment center for Northern Virginia.  High tech employment has seen steady growth in Ashburn Virginia since the early 1990s as the attraction of Dulles Airport, smart tax incentives to employers and major road improvement to manage traffic has made this area a target for national and international companies. 

Home buyers have benefited from this growth as major builders were attracted to the area.  Prices are far lower than Fairfax County real estate and the public schools in Loudoun County are popular and scholastic achievement is high.   

LOUDOUN COUNTY HIGH SCHOOLS

Homes closed in Ashburn in May, 2009, including new and resale.   

City  Builder  ListPrice ClosePrice BR FB HB # Gar Lot Acres YrBlt
Ashburn  Centex $323,585 $323,585 3 3 0 2 0 2009
Ashburn   $367,900 $376,000 4 2 1 1 0.15 1996
Ashburn   $379,000 $379,000 4 3 1 2 0.16 1996
Ashburn   $384,900 $380,000 4 2 1 2 0.15 1999
Ashburn   $384,900 $382,000 3 2 1 2 0.09 2003
Ashburn   $400,000 $420,000 4 3 1 2 0.16 1997
Ashburn   $427,500 $402,000 3 3 1 2 0.24 1989
Ashburn   $429,900 $425,000 6 3 1 2 0.26 1989
Ashburn   $449,900 $475,000 4 3 1 2 0.19 2005
Ashburn   $450,000 $450,000 3 3 1 2 0.1 2002
Ashburn   $450,000 $450,000 4 3 1 2 0.15 1988
Ashburn   $489,900 $482,000 4 2 1 2 0.21 2000
Ashburn   $499,000 $467,000 4 3 1 2 0.18 2005
Ashburn   $499,900 $432,000 4 3 1 2 0.26 1993
Ashburn  SMC $499,990 $485,000 4 4 1 2 0.257 2009
Ashburn   $500,000 $485,000 5 3 1 2 0.17 1995
Ashburn   $504,900 $494,900 5 4 1 2 0.21 1995
Ashburn   $508,900 $525,000 5 3 1 2 0.27 2005
Ashburn   $515,000 $511,000 4 2 1 2 0.33 1990
Ashburn   $515,000 $507,000 5 3 1 2 0.23 1996
Ashburn   $522,500 $500,000 4 2 1 2 0.23 2006
Ashburn   $525,000 $525,000 4 2 1 2 0.2 2005
Ashburn   $525,000 $520,000 4 3 1 2 0.22 1995
Ashburn Winchester $542,596 $542,596 4 2 1 2 0.16 2009
Ashburn   $545,900 $575,026 5 4 1 2 0.8 1998
Ashburn   $550,000 $529,000 4 3 1 2 0.19 1996
Ashburn   $559,000 $552,000 4 4 1 2 0.18 2002
Ashburn   $599,990 $560,000 5 4 1 2 0.19 2004
Ashburn   $607,900 $635,000 5 4 0 2 0.61 2001
Ashburn   $620,000 $565,000 7 5 1 5 0.96 2003
Ashburn  TollBros. $620,886 $620,886 4 3 1 2 0.102 2009
Ashburn   $624,900 $629,900 4 4 1 2 0.29 1998
Ashburn   $625,000 $625,000 5 4 1 2 0.46 1997
Ashburn   $629,900 $630,000 4 3 1 2 0.46 2003
Ashburn   $634,000 $643,000 3 3 1 2 0.32 2004
Ashburn   $634,999 $634,999 5 4 1 2 0.23 1996
Ashburn   $649,900 $650,000 5 4 1 2 0.28 2006
Ashburn Winchester $660,991 $660,991 4 4 1 2 0.16 2009
Ashburn   $689,900 $679,900 5 4 1 2 0.36 2003
Ashburn   $699,500 $680,000 4 4 1 2 0.49 2002
Ashburn   $739,995 $697,750 4 4 1 2 0.293 2007
Ashburn   $799,900 $775,000 5 4 1 3 0.59 2003
Ashburn   $850,000 $815,000 5 4 1 3 0.71 2004
Ashburn   $970,000 $970,000 4 4 1 3 0.68 2000
Ashburn   $1,050,000 $1,002,500 5 4 2 2 0.31 2003
Ashburn   $1,295,000 $1,175,000 5 5 2 3 0.71 2002
                   

Demographics for Loudoun County, Virginia
--Average Income Families
W/Children $ 101,594
--Average Age 33.5
--Percent Married 65.3
--Percent With Children 43
--Percent High School Graduates 94.9
--Percent College Graduates 56.5
--Average SAT Scores 1036
--Expenditures Per-Student $ 9,255
--Land Area Square Miles 519.9
--County Population 169,599
--Population Density Per Sq. Mile 326
--Population Growth Rate (5 yrs) 7.9 %

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.

                        Ashburn VA Map

                                   Loudoun County Map

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Comments(7)

Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Looks like a highly sought after area the list price to sales price are so close.

Jun 07, 2009 12:36 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lenn, more cities and towns need to be more proactive like this town in creating conditions that attract businesses to the area.

Jun 07, 2009 01:48 PM
William Johnson
Retired - La Jolla, CA
Retired

Hi Lenn, I see the changes taking place around the country and see that sales are up. With the price ranges of Loudoun County, these home purchasers  are probably not 1st time Buyers claiming the tax credit. It just looks like the better market conditions are becoming more apparent in more places. Would that be correct here as well?

Jun 07, 2009 03:06 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

William.  I believe that the buyer traffic in Loudoun County and especially in areas like Ashburn are employment related.  This is a unique area for business growth.  The builders are simply taking an opportunity to tab buyer activity.  Lots of relocation to the area.

George.  I could write volumes about that subject.  Virginia has had a series of very smart governors beginning with Governor Douglas Wilder who attracted businesses to the Dulles Corridor. 

Terry.  Indeed.  We have very serious buyers in Loudoun County.

 

Jun 07, 2009 09:41 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Lenn- how do you get the stats on the new home closings? Our recording office is quite slow so sales may not show on the tax records for 3 or 4 months after closing here.

Jun 08, 2009 03:52 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Katerina.  Some builders have their homes in the MLS.

Jun 08, 2009 10:44 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Lenn- Oh, I see. Here that does not happen very often. Only the very small builders.

Jun 08, 2009 12:38 PM