A Million Dollar Home Sells every 3 days in Loudoun County
October 19, 2007 by Danilo Bogdanovic
Filed under Statistics
As of today, October 19th, exactly 100 homes have sold or gone under contract that were listed at or above $1,000,000 in Loudoun County since January 1st. That is one home every 2.92 days. Since the mortgage crisis occurred in mid-July, there have been 29 Million Dollar homes go under contract. This is the same rate as prior to the meltdown.
The subdivision leading the way in $1,000,000 sales is River Creek Country Club with 10, followed by Lansdowne with 8 and Beacon Hill with 6.
The highest priced home to sell this year was a 463 acre estate in Middleburg that was listed for $14,500,000 and sold for $12,500,000 in 42 days.
Cascades on Fri, 19th Oct 2007 6:38 pm
Good to know that the fabulously wealthy aren’t affected by the subprime mortgage mess. Is this a big surprise to anyone, seeing that the gap between rich and, well, not so rich continues to grow?