A Century 21 Redwood Realty Associate Blog
Heather Elias on July 6th, 2010

It may be over 100 degrees outside, but home prices seem to be cooling… Halfway through 2010, and where does the real estate market stand in Leesburg? From the perspective of median price, it depends entirely on your home type and zip code.  In the 20175 zip, both single family homes and condo/townhome median price [...]

Continue reading about Sweating Over Home Values?

Heather Elias on February 4th, 2010

Most of the time here, I take a city-wide look at market statistics, which is great if you are looking for a general idea of what the market is doing in your area. However, when you are trying to get a specific idea of your home’s market value (or the market price of a home [...]

Continue reading about Location is Everything..

Heather Elias on January 7th, 2010

Holy smoke, those look like precipitous drops in median price for Leesburg, huh? The first chart is single family homes and the second is the combined condo/townhome market.  (Both chart median prices over all of 2009.)  Certainly, there is a bit of movement both up and down over the course of the year, but when [...]

Continue reading about Waiting for spring to move?

Heather Elias on August 26th, 2009

Dramatic graphs, huh? Doesn’t take a rocket scientist to see what the trends are for single family homes in Leesburg… Inventory is still contracting, while median price has risen from a low of  around $607,000 in April to the current $640,943.  I’m watching to see what happens after November 30 and the first time homebuyer [...]

Continue reading about No Surprises Here, Prices Up, Inventory Down…

Heather Elias on July 31st, 2009

Things are still cooking in Leesburg this summer! Looking across both the 20175 and 20176 zip codes we can see that the pace of homes going under contract (homes absorbed) is keeping up or exceeding the number of new listings (newly listed)…no wonder the inventory level is still so low! Days on market is shorter [...]

Continue reading about Leesburg Market Hot for the Summer

Heather Elias on June 2nd, 2009

Sometimes when I am looking at different statistical reports, I see something that slaps me across the face as a significant difference. I got a bruise looking at the Leesburg reports this week, when I broke down price by zip code. Holy cow, what a difference betweeen 20175 and 20176! Single Family Home Median Price [...]

Continue reading about Zip Code? Yeah, it Matters!

Heather Elias on April 30th, 2009

Bottom of the Market, or Statistical Blip? These charts show the median price of homes for sale in Leesburg, Virginia, separated by zip code and home type.  The first chart hones in on what has happened over the last 30 days, while the second chart shows the historical data for the last 180 days.  Keep [...]

Continue reading about Holy Cow! Prices Flat or Rising Slightly!

Heather Elias on April 22nd, 2009

Here’s a look at Leesburg’s real estate market, with numbers updated through last week. The median home price appears to be holding steady for the 20176 zip code, and for condos and townhomes in 20175…but look at that little increase in median price for single family homes in 20175!  Nice to see something trending upwards! [...]

Continue reading about Leesburg Stats, 4/22

Heather Elias on April 13th, 2009

Here’s the update for Leesburg, keeping in mind that the ‘condo’ report covers townhomes and condos… Frames not supportedFrames not supported Not too much change from the last update, days on market and median/average pricing seems to be pretty steady. A little bit of a jump up in new listings in the single family market, [...]

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Heather Elias on March 25th, 2009

Here’s the update for this week, keep in mind that the ‘condo’ report encompasses all non-single family home properties, including condos and townhomes. Frames not supported Frames not supported So, what we see for single family homes is a big disparity between median and average list price…there must be some higher priced properties hanging around [...]

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Continue reading about March 25th Update