REAL ESTATE SALES in ASHBURN, LOUDOUN COUNTY VIRGINIA - HAVE WE REACHED BOTTOM YET?
The table below shows CLOSED sales in Ashburn, Virginia. Ashburn was selected for this limited review of SOLD properties due to the popularity of the location with home buyers, new and resale.
This table represents closed sales of Single Family Homes (detached), new and resales, reported in the Multiple List Service.
| October-2010 |
. . . . 25 Homes SOLD |
$609,086 - Av. |
| Sept.-2010 |
. . . . 32 Homes SOLD |
$624,709 - Av. |
| August-2010 |
. . . . 52 Homes SOLD |
$591,768 - Av. |
HAVE WE REACHED BOTTOM YET?? Or, a better question could be, HOW WILL WE KNOW WHEN WE HAVE REACHED THE BOTTOM??
The average age of the sold homes included in this report is 8 years.
HOMES SOLD (CLOSED) IN OCTOBER 2010
| City |
ListPrice |
ClosePrice |
Subsidy |
DOMP |
| Ashburn |
$499,900 |
$511,480 |
$11,825 |
220 |
| Ashburn |
$700,000 |
$737,500 |
$ |
62 |
| Ashburn |
$545,000 |
$535,000 |
$2,000 |
111 |
| Ashburn |
$782,000 |
$765,000 |
$ |
96 |
| Ashburn |
$875,000 |
$875,000 |
$ |
20 |
| Ashburn |
$799,900 |
$775,000 |
$ |
69 |
| Ashburn |
$465,000 |
$465,000 |
$16,275 |
97 |
| Ashburn |
$769,000 |
$750,000 |
$ |
71 |
| Ashburn |
$584,900 |
$550,000 |
$10,000 |
62 |
| Ashburn |
$610,000 |
$595,000 |
$5,000 |
80 |
| Ashburn |
$514,900 |
$508,000 |
$17,687 |
67 |
| Ashburn |
$429,900 |
$435,000 |
$3,250 |
86 |
| Ashburn |
$589,000 |
$580,000 |
$5,000 |
19 |
| Ashburn |
$638,770 |
$610,000 |
$ |
55 |
| Ashburn |
$499,900 |
$496,000 |
$ |
10 |
| Ashburn |
$639,000 |
$635,000 |
$ |
5 |
| Ashburn |
$400,000 |
$395,000 |
$5,000 |
118 |
| Ashburn |
$550,000 |
$575,000 |
$ |
115 |
| Ashburn |
$669,500 |
$655,000 |
$5,000 |
8 |
| Ashburn |
$469,900 |
$460,000 |
$ |
28 |
| Ashburn |
$500,000 |
$500,000 |
$6,500 |
4 |
| Ashburn |
$925,000 |
$900,000 |
$ |
6 |
| Ashburn |
$769,900 |
$770,000 |
$ |
6 |
| Ashburn |
$525,000 |
$525,000 |
$ |
0 |
| Ashburn |
$475,685 |
$475,685 |
$5,000 |
0 |
** The “0″ DOM represents primarily new home sales entered in the MLS for Comps.
EXAMPLES OF NEW HOMES IN ASHBURN in the $500,000 and $650,000 price range.
THE QUESTION, HAVE WE REACHED THE BOTTOM YET???
I suspect that a better question is, HOW WILL THE CONSUMER KNOW WHEN WE HAVE REACHED “BOTTOM”??

This post inspired by Forget Looking for a Housing Bottom by John Mulkey.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
HOME BUYERS LIBRARY - Helpful Homefinders.com articles for consumers about matters local to Northern Virginia real estate.
Article 1. Radon Inspection Information for Home Buyers in Maryland and Northern Virginia. Areas in Maryland and Northern Virginia that are most likely to have elevated Radon levels are primarily in the areas west of Washington D.C. We recommend a test for Radon in Loudoun County.
Article 2. First Time Home Buyers in Maryland and Northern Virginia Information about First Time Home Buyers Grants, Loans and special programs for some areas. Most of Loudoun County is elegible for 100% financing and a GRANT of $7,500. 100% financing is available throughout Loudoun County.
Article 3. Home Inspection Information for Home Buyers in Maryland and Northern Virginia. Home inspections are recommended for all home purchases. Virginia is not a disclosure state and buyer must perform due diligence.
Article 4. Information about Home Finance for Home Buyers in Maryland and Northern Virginia. Homefinders.com agents are ready to help guide you through the home buying process.
Article 5. Termite Inspection Information for Home Buyers in Maryland and Northern Virginia. A MUST for any resale purchase in Loudoun County.
Article 6. Lead Based Paint Information for Home Buyers in Maryland and Northern Virginia. Information for properties constructed in 1978 or earlier.
Article 7. Settlement Procedures for Home Buyers in Maryland and Northern Virginia. Homefinders.com agents will manage your home purchase contract and guide you through the title and closing process.
Article 8. Information about Home Warranty for your newly purchased home. Homefinders.com agents provide all of our resale home buyers with a FREE one year home warranty. New homes convey with a builders warranty and new appliance warranty on systems and appliances
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