Ashburn Single Family Home Median Price Up $20K
August 30, 2009 by Danilo Bogdanovic
Filed under Statistics
The median price of single family homes in Ashburn (20147 and 20148 zip codes) has gone up almost $20K since April. This is mainly due to less inventory on the market and more buyers purchasing properties – supply vs demand. We’re currently seeing a plateau in median prices, but that’s probably due to a typical slowdown in buyer demand over the summer months.
Ashburn Single Family Home Median Price – up $20K since April
Ashburn Single Family Home Inventory – down 30 percent since 9/08
P.S. Check back on Tuesday for Leesburg’s median price and inventory levels.
Ashburn Housing Market Update
June 17, 2009 by Danilo Bogdanovic
Filed under Ashburn, Statistics
Here’s a look at what’s going on with the Ashburn housing market (20147 and 20148 zip codes)…
Ashburn Median Price
After it’s most recent drop from October 2008 through March 2009, the median price for single family and town homes in Ashburn has ticked up over the past two months.
Condos in Ashburn aren’t showing an uptick in median price, but they have plateaued.
Ashburn Inventory
The number of homes for sale in Ashburn continued it’s downward trend. We saw an uptick during the “spring market”, but inventory is either plateauing or on the way down once again. A downward trend should continue through the summer months because many sellers think that the summer is not a good time to put their homes on the market.
Ashburn Housing Market Overview
As inventory diminishes and buyer demand increases (thanks to lower prices, historically low rates, $8K tax credit, etc), we’re seeing the market stabilize a bit. We’re even seeing pockets of Ashburn with slight price appreciation due such low inventory and increased buyer demand.
Homes that are priced well are getting a lot of foot traffic and a purchase offer within 1 to 3 weeks on the market. Homes priced slightly below (or way below as is the case with many bank-owned and short-sale properties) are getting multiple offers and are bidding up over asking price within days of hitting the market.
Unless the inventory or rates increase (or some huge economic news rattles the entire nation), we’ll see these trends and this type of market continue through at least the summer.
Ashburn Real Estate Market Statistics (20147, 20148) – September 2008
October 3, 2008 by Danilo Bogdanovic
Filed under Ashburn, Statistics
Here are the September 2008 statistics for the Ashburn real estate market (20147 and 20148 zip codes):
Ashburn – 20147 – September 2008
- New listings = 86. This is an 11 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 71. This is a 40 percent increase in buyer demand as compared to September 2007
Ashburn – 20148 – September 2008
- New listings = 31. This is a 9 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 31. This is a 258 percent increase in buyer demand as compared to September 2007
Though buyer demand increased significantly year-over-year in the 20147 zip code of Ashburn, it really jumped in the 20148 zip code. In fact, the 20148 zip code had the same number of sales last month as it did new listings (31).
These stats confirm what's being felt on the "street" - there are less properties to choose from and more buyers fighting for the same property. This is especially true with properties in the lower price brackets and those that are great deals. This bodes well for sellers and the market as a whole though it's not news most buyers want to hear.
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