Reported by Glenda Cherry, ABR, e-PRO, SRES, REALTOR®
Updated August 3, 2009.
Current Market Rating: 3
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Current Price Trend: 2
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As of August 3, 2009, there are 178 active residential listings in Sterling/Potomac Falls and the average number of days on market is 77. The list prices range from $65,000 to $1,700,000; the average list price is $401,886 and the median is $346,950. The current market absorption rate is 1.42.
125 residential sales in Sterling/Potomac Falls closed during the month of July 2009 (down from 164 sales closed in June). These sales ranged in price from $65,000 to $728,000.
The average list price was $286,702 (down from $294,221 in June) and the average net sales price (less seller concessions) was $282,654 (down from $289,016 in June).
The median list price was $240,000 (down from $248,400 in June) and the median net sales price was $240,000 (down from $248,675 in June).
For sales closed in July, the number of days on market ranged from 0 to 317 and average number days on market was 33 (down from 53 in June).
"Check my web site for graphs depicting historical home sale data and a list of recent home sales in Sterling. Click on the ""Sterling"" button at the top of the page. "
For more information regarding these statistics, please feel free to contact me directly, either by phone or email.
Want to know what your home is worth? Contact me for a free, no-obligation Home Valuation Report!
(Source: Metropolitan Regional Information Systems, Inc. (MRIS) - Information deemed reliable, but not guaranteed.)
ZIP Codes: 20164, 20165, 20166 Location Characteristics: Sterling is located in eastern Loudoun County and is considered part of the Washington DC Metropolitan area. The northernmost part of Sterling (zip code 20165) is also known as Potomac Falls; it lies along the Potomac River and includes the neighborhoods of Cascades and Lowes Island, an upscale golf course community. The 20164 zip code includes the areas known as Sterling Park (built in the mid-1960s) and Suglarland Run (built in the 1970s). The comedian Patton Oswalt grew up in Sterling and often talks about it in his stand-up act. Very convenient to Dulles International Airport and major technology firms.
About Glenda Cherry:
Full-time, licensed Real Estate Agent National Sales Award (Top 5% Nationwide) Accredited Buyer Representative (ABR) e-PRO Internet Professional (e-PRO) Seniors Real Estate Specialist (SRES) Weichert, Realtors Relocation Specialist Weichert, Realtors Rental Certification Certification of Completion—Relocation 101—Assisting Consumers with Corporate-Sponsored Moves (Worldwide ERC Training Institute) Member, National Association of Realtors, Virginia Association of Realtors, Northern Virginia Association of Realtors Over 20 years of management and technology experience.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
