Let's not keep it a secret, what is really happening in Loudoun County and our local market. RIGHT NOW?
We are seeing our website traffic increase; increased activity with phone calls on my properties, as well as folks calling into our office about listings in general. Showings have increased, and our properties are receiving offers, not bad for the beginning of the year, especially in colder weather!
That's great and we LOVE IT! But what the heck does that mean for all of you?
Lookng at November's Marketwatch for Northern Virginia, home sales show an increase of 17% above November 2009.
It means Loudoun County sales are rising. since our normal spring market normally begins in late February or early March, you can expect more positive news in the next several months.
Why should this be relevant to you?
As a Seller, you are likely to already be getting an increase in showings and if your home is priced appropriately, in great condition, staged well, and has been professionally marketed..... your home has a better chance of selling now than, it did over the past several months, and maybe for more money!
How is this relevant to you?
Just to give you an idea of home prices and the percentage of List price to Sold Price in Ashburn, we are seeing homes sell about a 95% on the average. In Leesburg 93% List to Sold Price, and Purcellville homes sold on average 92% of List Price. Not bad for the last three months if you consider those who are looking during the Thanksgiving and Christmas holiday season.
If you are Buying a home, you need to make your decisions more quickly... why? It only makes sense; as the competition for buying (demand) increases, your power to negotiate, get a bargain, or stall on your purchase is less. The good old supply and demand comes into play!
I am sure you're beginning to wonder if the market has recovered?? Unfortunately NO! We have a long way to go. Most economists are seeing more positive signs, though.
Chief Economist Laurance Yun is forecasting a rise in existing home sales in 2011. Robert Freedom agrees in his magazine article in Realtor, Jan 2011, " Interest rates remain historically low and the ratio of income levels to home prices are getting better. The biggest remaining threat is inflation. Long dormant, as the recovery solidifies and businesses start to raise, prices will it be positioned to return in 2011-2012?"
So, don't let fear take hold and keep you from jumping in the market and buying that home you have dreaming of. Start living your dreams, now!
Loudoun has offered me and my family the experience of living the Good Life in our home, our community, and our workplace in Loudoun County. I am dedicated to helping you buy or sell a part of the good life here in Loudoun, too.
Let me help you start a new chapter!
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