REAL ESTATE STATISTICS LANSDOWNE HOMES FOR SALE JUNE 2013

By
Real Estate Agent with Keller Williams Realty
https://activerain.com/droplet/Yb8

REAL ESTATE STATISTICS LANSDOWNE HOMES FOR SALE JUNE 2013 CONTINUE TO REFLECT A SELLER’S MARKET! 

These statistics are a reflection of June 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 JUNE

In June 2013 there were a total of 23 homes sold in Lansdowne. This was up from 18 in May. Of those sold, 1 was a condo; 14 were townhomes and 8 were single family  homes. 

AVERAGE LANSDOWNE HOME SALE PRICES IN JUNE

The average price for Townhomes was $501,859 up about 8% from the previous month. The average Single Family home price was $757,506 up 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 JUNE


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 27 days in May to 15 days in June; the days on the Market for Single Family homes also decreased from 37 days in April to 29 Days in June!

 

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 Condos is 4 sold in the last year or 0.3 per month. The absorption rate for  Townhomes is: 69 sold in the last 12 months or 5.8 per month. The absorption rate for Single family detached homes is: 87 sold in last 12 months or 7.3 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 June 8th  here is the scoop! There are currently no condos on the market.   There are no condos on the market. There are 11 Townhomes are on the market which represents about 2 months  of inventory and finally there are 25 single family homes on the market that represent about 3.4 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

 

 

 

 

THERE IS A SEVERE SHORTAGE OF INVENTORY AND WITH INTEREST RATES ON THE RISE, THE FENCE SITTER BUYERS ARE ENTERING THE FRAY. DON'T MISS THIS OPPORTUNITIY TO MOVE! CALL US FOR YOUR FREE HOME MARKET ANALYSIS. 

CLICK HERE FOR A FREE HOME VALUATION!

CLICK HERE FOR HOMES FOR SALE IN LANSDOWNE!

CLICK HERE TO SEARCH THE MULTIPLE LISTING SERVICE FOR FREE!

CLICK HERE TO SEE GREAT STUFF ABOUT LEESBURG

 

 Thats about it for now for Lansdowne Real Estate Statistics for June. 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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