Homes prices have held steady for the past 90 days, a minor reduction of less than 5% of sales price has been seen in recent sales.
It is a complex market with different types of Sellers, i.e. bank owned, estate sales, short sales that require the Seller's lender approval and of course traditional sales. It is very important to understand the terms and conditions of the sale.
Inventory is good, but homes that are in move in conditions are selling quicker that those which are not. In some cases, there are multiple offers for these homes. With distressed properties, the Lenders are pricing them to move quickly and first time buyers are completing with cash investors for them.
There continues to be an inventory of short sales which are selling better than the previous years, but are still taking between 4 to 5 months to complete.
ZIP Codes: 20147, 20148 Location Characteristics: Ashburn is located between Washington Dulles International Airport and Leesburg, the county seat of Loudoun County. Located within the Dulles Technology Corridor, Ashburn is home to many high-tech businesses. World Trade Center Dulles Airport is currently under construction and will be the second World Trade Center in the state. George Washington University and Strayer University have campuses in Ashburn.
