Here are the September 2008 statistics for the Sterling real estate market (20164, 20165 and 20166 zip codes):
Sterling - 20164 - September 2008
- New listings = 126. This is a 7 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 114. This is a 317 percent increase in buyer demand as compared to September 2007
Sterling - 20165 - September 2008
- New listings = 52. This is a 27 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 31. This is a 172 percent increase in buyer demand as compared to September 2007
Sterling - 20166 - September 2008
- New listings = 11. This is a 45 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 15. This is a 214 percent increase in buyer demand as compared to September 2007
The 20164 zip code had the largest increase in buyer demand out of the three zip codes in Sterling. In fact, Sterling's 20164 zip code had more sales and the highest increase in buyer demand in September 2008 out of any zip code in Loudoun County.
But the rate at which new listings came on the market in the 20164 zip code remained relatively steady as compared to last year. This is mostly due to the large number of sub-prime loans and distressed properties found in that zip code which are helping fuel new short-sale and foreclosure/bank-owned listings.
Also.. notice that there were more sales in that zip code than there were new listings. That's great for sellers and the real estate market in general, but not-so-great for buyers looking in that zip code.
Related Articles
Ashburn Real Estate Market Statistics (20147, 20148) - September 2008
Leesburg Real Estate Market Statistics (20175, 20176) - September 2008
No "Summer Slump" For Loudoun County Real Estate In 2008
Loudoun County Real Estate Market Statistics - 1st Half 2008 vs 2007
Loudoun Real Estate Inventory Levels Well Below National Average
;)
;)
