20148 Beats 20147 In Ashburn Real Estate Market Conditions Bout

Today’s real estate market conditions bout is between Ashburn’s 20147 and 20148 zip codes and involves inventory and buyer demand statistics. In one corner is the 20147 zip code, which includes areas such as Ashburn Village, Ashburn Farm and Belmont Country Club. In the other corner is the 20148 zip code of Ashburn, which includes areas such as Broadlands, Brambleton and Loudoun Valley Estates.

Here’s how the two Ashburn zip codes stacked up against each other…

20147 zip code:

• The number of new listings that came on the market in 2008 (1/1-6/9) is 743 versus 830 during the same period 2007. That’s a decrease of 11 percent.
• The number of homes that sold in 2008 (1/1-6/9) is 435 versus 489 during the same period in 2007. That’s a decrease of 11 percent.

20148 zip code:

• The number of new listings that came on the market in 2008 YTD is 320 versus 315 during the same period 2007. That’s an increase of 1 percent (though we can just call it even).
• The number of homes that sold in 2008 YTD is 184 versus 157 during the same period in 2007. That’s a increase of 15 percent.

Though the 20147 zip code of Ashburn saw inventory decrease by 11 percent, buyer demand decrease by the same rate as well.

The 20148 zip code of Ashburn saw inventory stay pretty much the same, but buyer demand increased by 15 precent.

And the winner is…

In a split decision, Ashburn’s 20148 zip code was declared the winner of today’s real estate market conditions match-up!

A rematch is in the works for sometime next month. I’ll keep you posted.