Market Conditions for Loudoun County, Virginia Reported by Barb Northam, Associate Broker, REALTOR, CRS, GRI, e-PRO Updated October 26, 2009.

Current Market Rating: 3 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

OK--...YIPPEE SKIPPY!! It may be COMEBACK TIME! Average Sold Price is $388K ( up 7% over last year this time). And, it IS even-steven with last month. Sellers are getting 95% of list price as the sold price!!; and the days on the market average 61. Sellers seem to have gotten a 'grip'--------realistic pricing, 2 months to contract. The declining prices have flushed out the sitting-on-the-fence buyers. The inventory is approximately 4 months.Purchasers........go get a 'deal'! Here's possibly the best indicator for the County---for the first time in a long tim, homes are drawing offers that go to contract when they're listed above $400K. Big hurdle overcome.....we'll see if it sticks.


Approximate Location Boundaries: It's not just Ashburn any longer................

Location Characteristics: Washington Metro's once-booming "bedroom" community! Lots of re-sales and limited new construction. But, this could be the COMEBACK KID on the block in NoVa. New home construction has slowed to a crawl (and a slow one at that)...and building permit requests have fallen off dramatically. Loudoun is STILL a great place to call 'home' or for an investment(if real estate investment is not already part of your total financial picture---snap up a rental property NOW).

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