Ashburn Real Estate Market Update for January 18, 2008 Condos:

•·        Condominium available inventory = 70 homes.

Over the past 15 days the number condos for sale in Ashburn dropped by 24%.  This is good news for sellers and may be signaling that we are hitting bottom in the market.

•·        Sold price range for 20147 and 20148 =

      Low $165,000 - High $400,015.

•·        Sold or under contract homes over the past 30 days = 28.

Condo sales moved up by 2 units over the past 30 days.  Sales of condos equaled 28 and that trend has been moving up over the past 30 days.

•·        Current absorption rate or average length of time an Ashburn condo stays on the market = 2.5 months.  This figure has dropped even more this month and has moved dramatically since September when inventories were hovering around 8 months.

The market is showing signs of resilience and the Spring market is just around the corner.  Call me if you would like some more info!

If you would like to know specific details about homes in your neighbor-hood just give me a call 703-728-7060 or check out the free MLS search on my website @ http://www.realestate777.com/ or.

I am here for you for every step.

Jamie Casamento

Realtor ERA Teachers, Inc.

703-728-7060

www.realestate777.com