Single Family Homes for listed for sale in Potomac Lakes in the month of June remained flat when compared to May. Currently there are 8 active listings, 19 pending sales and there were 7 homes sold in the month of June. Inventory has remained stable and there appears to be a short supply of housing listed for sale.
List prices for active listing of homes for sale range from $440,000 to $659,000 for the larger homes in Potomac Lakes. The 2 homes that sold in the month of June were 47044 Kentwell Place, closed at $619,900, sold in 6 days and; 46854 Willowwood Place, closed at $443,500, sold in 2 days.
The average days on market for active listing of homes for sale in Potomac Lakes is 35 days with a low of 4 days, 20664 Carnwood Court and a high of 71 days for 46577Whitechaple Way.This is a significant decrease form the month of May which saw a 112 average days on market for homes listed for sale.
The number of Potomac Lakes Homes sold in June when compared to the month of May increased from 3 to 7 units and the average sold price increased from $544,167 to $548,169, not much improvement. This increase in units sold should lead to some much needed increase in sold prices and values if this continues into late summer and fall. The resale of homes in Potomac Lakes does continues to compete with distressed sales and this will continue into the future which will force home owners to ensure that their homes are in the best condition possible and marketed appropriately.
Home owners who need to list their home for sale in Potomac Lakes, now more than ever need to partner with an experienced and aggressive real estate professional to ensure that they are successful with the sale of their home. For more information on Potomac Lakes please contact our team at Loudoun County Living LLC.
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