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 [...]
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 [...]
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 [...]
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…
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 [...]
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 [...]
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!
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, [...]
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 [...]
