Leesburg Real Estate Market Statistics (20175, 20176) - September 2008

muserella on Tue, 7th Oct 2008 9:05 pm 



Hello. Your statistics seem kind of high. Are you including transactions where homes were “sold” directly to banks rather than actual buyers? I don’t believe that a foreclosure sale says much good about the market.

Danilo Bogdanovic on Tue, 7th Oct 2008 9:13 pm 



Hello Muserella,

Thanks for your comment and that’s a great question.

My statistics include resale homes sold on the open market to buyers. I am not including homes that were “sold” directly to banks rather than actual buyers (aka foreclosed on). Nor am I including new construction homes sold by builders directly to buyers.

To put things in perspective…Buyer demand is definitely much higher than it was in 2007, but not as high as it was during the boom market during the first half of the decade. Though it may seem “high”, it is what it is and it’s definitely a good thing for the Loudoun real estate market.

Danilo

muserella on Wed, 8th Oct 2008 12:16 pm 



Danilo,
I appreciate your followup. With a better understanding of the factors you are including, the numbers have clearer context and are all the more impressive.

Thanks very much!

Danilo Bogdanovic on Wed, 8th Oct 2008 12:26 pm 



Muserella,

You’re welcome. Thanks for reading the blog and for the great question.

Danilo

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