The Loudoun County Real Estate Market Report March 2013

By
Real Estate Agent with RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax
https://activerain.com/droplet/QsF

 Loudoun county real estate agents Jan and Steve Bachman

  Spring is not yet here but Loudoun County's real estate market is warming up. The low unemployment rate, about half the national average, combined with record low interest rates have kept the price recovery coming along.


Don't forget, the national real estate situation has almost no bearing on the good news from Loudoun; See for yourself... Loudoun's major statistics through the month of February 2013 are below. The charts are self updating...as soon as the next month's figures are available, this post will automatically update.

 


 

 

 Loudoun county real estate agents Jan and Steve Bachman In order to smooth out seasonal aberrations and monthly anomalies, we generally use longer term statistics...covering 3-5 years.

The larger data set also helps uncover any underlying market trends of strength or weakness.

Below is the 5 year median price trend for Loudoun which mirrors that of all NOVA counties.

The market bottomed in early 2009 and has been recovering a significant amount of the equity loss from the freakish never before seen price highs of 2005.

Hover your cursor over any point on the graphs to get a monthly read...they are interactive.

 

 

 


 


The number of days that it takes to get a winning contract as of last January 2013, stands at 63 a very wonderful number. As the weather warms, these numbers should decrease as you can see historically below:



The existing inventory of re-sale homes is at the five year low on the chart below.  Short supply and strong demand has edged prices upward. Although Northern VA home prices took a beating between 2006 and first quarter of 2009, we have been spared the devastation that occurred in the "Sand" states of Florida, California,and Nevada.

 

 


 Virginia Landscape Photographer, Digital Artist and Realtor Steve Bachman

 As always, the strong economy of our area has cushioned us from the worst.

Well priced homes under $350k in good locations and in good condition have been getting multiple contracts within a few weeks of coming on the market.

Upper end properties ...above $750k, are moving more slowly even though some of them had sold for over a million once upon a time.

 

 

 

 Virginia Landscape Photographer, Digital Artist and Realtor Steve BachmanJan and I have sold more new construction homes in the last year couple of years than we ever have. This is directly due to the low inventory of existing property combined with strong builder incentives.

However, builder's business actually has become so good in the last 9 months that many are cutting back on those sweet seller subsidies for buyer closing costs and the generous incentives for buyers options.

That said, there are some select builders who are offering some great options and subsidies, to get folks to come visit in the cold winter months.

My guess is that as the weather warms, these subsidies will shrink.

 

 Virginia Landscape Photographer, Digital Artist and Realtor Steve Bachman

 

 

The national news regarding real estate is NOT US.

Homes are selling...As an example, 400+ new homes sold in 2011 in Loudoun's Ashburn community of Brambleton...an amazing # of properties.

 

 

 

 


 

Virginia Landscape Photographer, Digital Artist and Realtor Steve Bachman


 

Thanks for stopping by our blog and come back often.

If you need information on new homes or any other area of real estate, drop us a line. We will do our best to get you what you need.

 

 

 

 

 

 

Loudoun County real estate agents, homes for sale in Loudoun VA , Townhouses for sale in Loudoun, Listing Agents in Loudoun County, condos for sale inLoudoun, new homes in Loudoun County, Loudoun home buyer's agents, Realtors

 

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Loudoun and Fairfax county real estate agents Jan and Steve Bachman

 

 

 Moving to Northern Virginia? Not familiar with the area?

We are more than traffic and a great job market.

Here is a photo tour of typical home styles and our countryside:

 
 http://video214.com/play/ngb0RJKin5pR3jr2CUotnw/s/dark

 

 

 

 

 

by Steve Bachman

 

 

 

 

Posted by

 

Why pay more and get less when selling your home? Jan and Steve Bachman of RE/MAX Gateway use professional photographers, create interactive photo floor plans, print full color brochures, and make an individual property website for your listing that goes out to 40+ public real estate search sites including Realtor.com, Trulia, Zillow etc.

 

We also create a custom photo tour that is sent to other agents and prospective buyers.

 

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RE/MAX Hall of Fame, Platinum Club, A Washingtonian Magazine Top Agent 2018

Happy to Help. No Hassle, No Pressure.

Jan and Steve Bachman are full time Realtors® with RE/MAX, specializing in Homes for Sale in Fairfax, Loudoun, Prince William and Arlington Counties.

 

 

       

Search for Northern Virginia Homes Like an Agent  Just play around. No hassle, no spam, we won’t bother you. Fresh listings emailed to you. Want more info. Drop us a line.       

 

We found our 2 rescue dogs through Petfinders. They're great!

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