Beacon Hill – Large Supply Makes For A Buyer’s Delight

If you’re a buyer considering the Beacon Hill community of Loudoun County, the market conditions are definitely on your side. Beacon Hill, located just outside of Leesburg city limits off of Route 7, has a total of 24 properties for sale as of this afternoon. The asking prices range from $900,000 to $5,200,000.

Beacon Hill has had 3 properties sell so far this year (1/1/08 through 4/29), all because they were great deals. That’s .75 sales per month. With 24 properties for sale, that’s a 32 month supply of inventory. (As a reference, a "balanced" market is one with 6 month’s worth of inventory)

What does this mean to you as a buyer?

1. You have plenty of properties to choose from
2. The market conditions are on your side
3. Deals are few and far between, but they’re definitely out there

What does this mean to you as a seller in Beacon Hill?

1. Price your property competitively
2. Make sure the entire property "shows" as best as possible
3. Pay close attention to what your competitors are doing and stay ahead of the game

For more information about Beacon Hill or available properties in the area, don’t hesitate to email or call me 703-582-6900.

-Danilo