LANSDOWNE REAL ESTATE STATISTICS MAY 2013: HOME SALE STATISTICS

By
Real Estate Agent with Keller Williams Realty

LANSDOWNE REAL ESTATE STATISTICS CONTINUE TO REFLECT A SELLER’S MARKET! 

These statistics are a reflection of May Lansdowne Country Club Clubhouse2013 Stats for Lansdowne on the Potomac as well as the Town Center . If you would like to see more specific statistics for your area, i.e. a different zip code or a specific price range and geography please click here and make your request.

TOTAL LANSDOWNE RESORT HOME SALES IN MAY

In May 2013 there were a total of 18 homes sold in Lansdowne. This was up from 12 in April. Of those sold 7 were townhomes and 11 were single family  homes. 

AVERAGE LANSDOWNE HOME SALE PRICES IN MAY

The average price for Townhomes was $465,657 up slightly from the previous month. The average Single Family home price was $757,072 down slightly from the previous  month. Don't get hung up on the changes in average price, its a small sample size and not statistically significant.

 

 

AVERAGE DAYS ON THE MARKET FOR LANSDOWNE  HOMES FOR SALE IN MAY


The great news for sellers is that this continues to be a sellers market with low inventory and decreasing or flat days on the market. Average Days on the Market for townhomes  dropped from 29 days in April to 27 days in May; the days on the Market for Single Family homes increased slightly from 36 days in April to 37 Days in May!

 

So just like the AT&T commercial says.....relative to tying a Cheetah on Grandma's Back....Faster is Better Right?..... You Bet!

ABSORPTION RATE STATISTICS FOR LANSDOWNE HOMES FOR SALE

 

So what is absorption rate? Absorption Rate is how many homes are sold in a given period of time. So if 120 homes sold in theLansdowne Entrance Sign last 12 months, then the absorption rate is 10 homes per month. So why is this important?  It is only through absorption rate that one can define a market in terms of a Sellers Market, Buyers Market or a Balanced or Normal Market.

 

 

WHY IS ABSORPTION RATE IMPORTANT?

Because it determines how quickly homes move on and off the market....and you want to know that right? So you know how long it will take you to sell your home if priced properly, so you can make that move for your job, or buy that move-up home, or be able to predict with some level of certainty how long you have to keep your house clean and have people going through it when you have it for sale.

 

 

 

LANSDOWNE REAL ESTATE STATISTICS - ABSORPTION RATES

The absorption rate for Townhomes is: 63 sold in the last 12 months or 5.3 per month. The absorption rate for Single family detached homes is: 73 sold in last 12 months or 6.1 per month.

 

Lansdowne CommunityPUTTING IT ALL TOGETHER!

So to make sense of all this you need to know the current inventory of homes so, as of May 10th  here is the scoop! There are currently no condos on the market.  There are 13 Townhomes are on the market which represents about 2.5 months  of inventory and finally there are 25 single family homes on the market that represent about 4 months of inventory.

According to the National Association of Realtors:

A Sellers market is defined by 1-4 months of inventory

A Normal Market is defined by 5-6 months of inventory

A buyers Market is defined by 7+ months of inventory

 

 

 

 

CLICK HERE FOR A FREE HOME VALUATION!

CLICK HERE FOR HOMES FOR SALE IN LANSDOWNE!

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CLICK HERE TO SEE GREAT STUFF ABOUT LEESBURG

 

 Thats about it for now for Lansdowne Real Estate Statistics for May. See you next month! 

 

 

 

 

 

 

 

 

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Thanks for sharing this with your networks!

Dan Ritchey, Realtor

Keller Williams Realty Loudoun Gateway

20130 Lakeview Center Plaza, Suite 110

Ashburn, VA 20147

www.RitcheyREsources.com

 

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