Home Prices in Ashburn Village for January 2013
Real estate market data for Ashburn Virginia areas provided by Michael Wilson of The Wilson Team at Keller Williams Realty
Ashburn Village Home Prices
We have seen a steady rise in home prices in Ashburn Village recently and expect that trend to continue. One of the big drivers now is that there is so little housing inventory - properties are selling quickly and new housing starts haven't made a significant impact to the inventory yet.
If you are considering buying a home in Ashburn Village, you can still find good deals on houses but it is more important than ever to have an expert real estate agent on your side who understands the market.
Make sure that you don't overpay as the market heats up; you'll want an agent that does a thorough market analysis and understands home prices in Ashburn Village.
Ashburn Village Real Estate Report Summary
The median sale price in January for single family homes is $426,205. The sale prices increased by 4.86% from the previous month. Sale prices continue to climb in Ashburn Village and we expect this trend to continue due to low inventory - there just aren't enough houses for sale to meet the buyer demand, especially with very low mortgage interest rates.
The price per square foot for listings in this area is $214. There are several areas with New Homes for Sale in Ashburn Virginia which is pushing the price per square foot up for new listings. One Loudoun Development is an example of a fast-growing area with new homes for sale.
The price per square foot for sales in this area is $145. We expect the price per square foot to increase as foreclosures and short sales continue to drop in Ashburn and the number of new housing starts continues to increase.
Ashburn Village Inventory Trends
The number of active listings in Ashburn Village dropped by 27.9% from the previous month.
The median number of days active properties have been listed is 85.
This is significantly shorter than the national average. In a market like this, with low inventory and falling days-on-market, the serious home buyer stays informed about home prices in Ashburn Village and is prepared to act quickly.
Find Homes for Sale in Ashburn VA
Visit my website to search for homes for sale in Ashburn Village. Our search tools are continuously updated, so it's easy to get the latest information, including home prices in Ashburn Village. Want to get an email notification every time new Ashburn Village homes come on the market? It's easy to setup ... and you'll be the first to know about a new listing ... and you can be the first to see it!
To find out what your home is worth in the current market - click that link or contact me by phone or email on my website. If you are considering selling your home in Ashburn Village, now is the perfect time to list it ... yes, even in winter! The inventory is very low, so competition - other houses on the market - is very low too!