Market Conditions for Ashburn, Virginia Reported by Glenda Cherry, ABR, e-PRO, SRES, RE Updated August 3, 2009.

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

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

As of August 3, 2009, there are 230 active residential listings in Ashburn and the average number of days on market is 127. List prices range from $120,000 to $1,437,031; the average list price is $524,611 and the median list price is $498,998. The current market absorption rate is 2.50.

92 residential sales in Ashburn closed during the month of July 2009 (down from 120 sales closed in June). These sales ranged in price from $121,000 to $1,015,000.

The average list price was $410,640 (up from $408,163 in June) and the average net sales price (less seller concessions) was $402,450 (up from $398,031 in June).

The median list price was $365,640 (down from $379,400 in June) and the median net sales price was $355,675 (down from $367,348 in June).

For sales closed in July, the number of days on market ranged from 0 to 349 and average number days on market was 47 (down from 69 in June).

Check my web site for graphs depicting historical home sale data and a list of recent home sales in Ashburn. Click on the "Ashburn" 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: 20147, 20148

Location Characteristics: Located 30 miles west of Washington, DC in Loudoun County, Ashburn is home to many planned unit developments including Ashburn Village, Ashburn Farm, Broadlands, Farmwell Hunt and the gated golf course community of Belmont Country Club. Ashburn is home to the Washington Redskins as well as a diverse group of business such as Verizon, Howard Hughes Medical Institute at Janelia Farm, and Old Dominion Brewing Company. The planned World Trade Center at One Loudoun, a mixed-use project including office space, a luxury hotel, retail business and residential neighborhoods, promises to bring as many as 14,000 new jobs to the region. Ashburn's convenient location provides direct access to Dulles International Airport and downtown DC via the Dulles Greenway, Route 7 and Route 28.

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