Broad Run Farms, Cascades, Countryside, Dulles, Lowes Island, Sterling Park and Sugarland Run. There is a variety of dwellings, condo's, townhomes and singel family homes. Lowes Island is home to the Trump International Golf Course!
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: 20165, 20166, 20164 Approximate Location Boundaries: Lowes Island, Cascades, Potomac Falls, Dulles, Sterling
Location Characteristics: Sterling, Virginia is an unincorporated suburb of Washington, D.C., located in Loudoun County, Virginia. It is located northwest of Herndon, east of Ashburn, and west of Great Falls, and includes part of Dulles International Airport and the former AOL corporate headquarters. Sterling is also home to the National Weather Service building for the Baltimore-Washington Metropolitan Area.
