Ashburn, VA Real Estate News

By James Casamento, Helping you with every step!
Market Update as of October 18th 2007 for Ashburn:Available Condos Inventory = 93 homes.Price Range for Ashburn =     Low price: $189,900     High price: $459,900New contracts average per month = 12.Current absorption rate or average length an Ashburn condo stays on the market is for over 7 ½ months.  Twice the rate of town homes in Ashburn and 3 months slower than single family homes in Ashburn. Average length of time on the market as of October 16th 2007 for condos in Ashburn: Brambleton = 5 monthsLake Shore = 6 monthsS. Glen @ University = 3.3 monthsSummerfield at Belmont = 7.5 monthsWestmaren = 2 ½ monthsNo sales were reported in the past 30 days in Ashberry, Ashburn Farm, Belmont Green, Four Seasons, Parkside at Ashburn, Potomac Green, Ridges at Belmont, and Sanders Mill. If you wo...
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By James Casamento, Helping you with every step!
Market Update as of October 18th 2007 for Ashburn:Available Town Homes and Attached Homes Inventory = 280 homes.Price Range for Ashburn =     Low price: $279,900 - Ashburn Farm (foreclosure).                                                  High price: $599,900 - Belmont Country Club.New contracts average per month = 67.Current absorption rate or average length an Ashburn attached home stays on the market is just under 3 months.  Town homes and attached homes are selling 45 days faster than single family homes in Ashburn. Average length of time on the market as of October 16th 2007 for town homes and attached homes in Ashburn:Ashburn Farm = 4 ¾ monthsAshburn Village = 4 ¼ monthsBelmont Country Club = 2 1/3 monthsBrambleton = 4 monthsBroadlands = 2 ½ monthsFarmwell Station = 2 ½ monthsFa...
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By James Casamento, Helping you with every step!
Market Update as of October 18th 2007 for Ashburn:Available Single Family Home Inventory = 250 homes.Price Range for Ashburn = Low price: $275,000 - Belmont Ridge (bank owned) & High price: $2,173,000 - Ashburn Reserve.New contracts average per month = 54.Current absorption rate or average length an Ashburn single family home stays on the market is just over 4 ½ months. Average length of time on the market for specific locations in Ashburn as of October 18th 2007 for single family homes:Ashburn Farm = 6 ¼ monthsAshburn Village = 2 ½ monthsBelmont Country Club = 4 1/3 monthBrambleton = 3 ½ monthsBroadlands = 7 ½ monthsThe Ridges at Ashburn = 1 ½ months If you would like to know specific details about homes in your neighborhood check out the free MLS search on my website @ http://www.real...
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By Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS"
(RE/MAX Executives)
Loudoun County is an interesting contrast in communities.  In the east, Dulles International Airport and industry thrive, but the western sector maintains farms, towns and villages,  Leesburg is the county seat and was carved from land originally owned by Lord Fairfax.  It was named George Town in honor of King George II, but was subsequently renamed for the influential Lee family.             Loudoun County is a portion of the original five million acre parcel granted by Charles II in 1649.  Loudoun County was part of Fairfax County, but in 1757 Fairfax County was divided and the western portion was named Loudoun County.  Leesburg is 35 miles northwest of Washington, D.C. at the foothills of the Blue Ridge Mountains.  The old county courthouse is a prominent and very historical part of...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
127 Sold homes in Ashburn Virginia in the July 2007 timeframe.  These are single family residences, condos, coops, town homes, detatched and attached homes in Ashburn Virginia.  The high price sold was $1,150,000 and was located in Evergreen Hamlets, and the low price for sale in Loudoun was a condo in South Glen at University which sold for $200,000.  For the same time period in 2004, there were 226 sales then.  The high price sale was $1,395,000 in Belmont Land Bay, and the low was $155000 at South Glen at University Center.  In 2005 there were 255 sales in the same timeframe.  The high price sale was $1,250,000 in Belmont Land Bay, and the low sale was a condo at Westmaren at $240,000.  In July of 2006 there were 142 sales in Ashburn Virginia with the high price sale at $1,800,000 in...
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By Danilo Bogdanovic, Real Estate Consultant - Loudoun and Fairfax County
(Market Advantage Real Estate)
A search of the 551 active listings in Ashburn showed 78 properties were either owned by a bank or lender, in pre-foreclosure or short-sale candidates.   This represents 14% of the current homes available for sale in the local MLS.  Of these 78 properties, 53 were townhouses, 15 were single family homes and 10 were condominiums.Back in March of this year the percentage of homes that were foreclosures in the same area was 5%.  From an absolute number and from a percentage, the percentage of the marketplace that could be considered distressed properties has risen dramatically.  Here are some interesting facts and statistics about these distressed properties:Lowest priced property: $193,000Highest priced property: $919,900Average list price: $419,000Median list price: $405,000Average numbe...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Ashburn Farms Market Report Real Estate Market Stats 5/06/2007 There are currently 25 detached homes for sale in Ashburn Farm in Ashburn Virginia. Ashburn Farm is located in Ashburn in Loudoun Virginia.25 Active Single Family Ashburn Farm Homes for Sale $1,195,000 High / $539,900 Low  0 Contracts Contingency Kick Outs  2 Contingency Contract No Kick Out $597,777 High / $569,900 Low  7 Contracts $879,000 High / $599,900 Low==========================================================23 Active Ashburn Farm Town Houses for Sale $450,000 High / $327,900 Low 0  Contracts Contingency Kick Outs14 Contingency Contract No Kick Out $430,000 High / $345,000 Low 6  Contracts $419,900 High /  $345,000 LowClick for Ashburn Farm Homes for Sale
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Ashburn Virginia is a great place to live in northern Virginia. Ashburn VA is located in Loudoun Virginia, just over the county line from Fairfax County Virginia! Loudoun Virginia is one of the fastest growing and wealthiest counties in the United States. It is home to the high tech Internet Corridor, and Dulles International Airport! As a young and growing county, Loudoun VA has sen some fantastic grown around Ashburn Virginia. Homes in Ashburn Virginia are more affordable in Loudoun VA, and taxes are also lower than Fairfax County, and homes in Ashburn are a lot newer than closer in homes for sale in Fairfax and Arlington counties. For those that are jet setters, they may consider purchasing town homes in Ashburn Virginia, or buying condos in Ashburn VA. Condos and town homes are pret...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
As of today May 5, 2007 there are 282 detached single family homes for sale in Ashburn Virginia (Fee Simple).  The highest priced homes in Ashburn Virginia range from a high list price of $1,487,053, to the lowest priced home for sale in Ashburn Virginia.  Ashburn Homes For Sale Single Family Detached Fee Simple Market Stats 5/03/2007 282 Active Listings - $1,487,053 High / $394,990 Low   2 Contract Contingency KO - $649,900 High / $549,500 Low 24 Contract Contingency NO KO - $995,000 High / $435,000 Low43  Contract $1,695,000 High / $499,000 Low37  Sold April 1 – April 30, 2007 $899,900 High / $399,900 Low  ====================================================There are 81 Active Condos for sale in Ashburn Virginia as of today, with a high of $499,900 and a low of $205,000.  16 Ashburn C...
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By Stephen Leiby
(Northern Virginia Real Estate - Keller Williams Realty)
The Northern Virginia Real Estate Group,  Keller WIlliams Realty, Ashburn is pleased to announce its latest website launch for Ashburn Virginia.  We were fortunate enough to procure the domain name www.AshburnVirginiaRealEstate.com  The name says it all!  Here you can search for Real Estate by selecting one or more of the 80 plus neighborhoods!  Its that easy.  Thinking of Selling your Ashburn Home?  We hate to see you leave, but there is no better place to get your Ashburn Home noticed and SOLD!  We invite you to get to know us on a 'First Name" basis for All of your Real Estate needs!  We have also created a seperate Ashburn Virginia  blog for the Ashburn Brambleton, and Broadlands Community  where we encourage everyone to participate!  Log onto our latest website created for the Curr...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
THERE'S A HOME IN ASHBURN FOR JUST ABOUT EVERYONE.  We have Condominium Homes, Town Homes, Single Detached Homes and Luxury Homes in Ashburn communities.DETACHED SINGLE FAMILY HOMES IN ASHBURN, VIRGINIATHERE ARE 231 ACTIVE LISTINGS OF HOMES FOR SALE IN ASHBURN, VAThe minimum price for single family homes listed for sale in Ashburn is $389,99        These are new "over 55 year old" active adult homes.  New and resales available.The maximum price for single family homes listed for sale in Ashburn is $1,695,000        This luxury home is in a gated country club community in Ashburn with amenities        for home owners, pool, tennis, golf course and more.  This community is 6 years old.The average price for single family homes listed for sale in Ashburn is $782,686.          The average pr...
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By Danilo Bogdanovic, Real Estate Consultant - Loudoun and Fairfax County
(Market Advantage Real Estate)
In the last 3 weeks, the number of homes sold in Ashburn, Virginia that were on the market for 30 days or less was almost 40% of total sales.  On the other hand, almost the same percentage of homes sold were on the market for 6 months or more (37%).  Why is this happening?  The short sales cycle for new listings can be attributed to proper pricing (listing price).  In the last 4 or 5 months, prices have remains fairly consistent.  This has allowed sellers and their agents to make a pretty accurate assessment of current market value and be confident in their analysis.  The prices that houses are selling for is no longer a rapidly moving target as it was for the last 4 or 5 years.  The houses that are taking 6 months to sell can be attributed to pressure.  These are houses that have been ...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
AS OF TODAY, WHILE I CANNOT PREDICT TOMORROW OR NEXT MONTH, THERE ARE NOT AN EXTRAORDINARY NUMBER OF HOMES GOING TO FORECLOSURE IN LOUDOUN COUNTY, VIRGINIAAbout an hour ago, I received a phone call from a reporter for the Washington Post attempting toverify a rumor that she had heard that many homes were going to foreclosure in a community in a luxury neighborhood in Ashburn in Loudoun County, Virginia.  Sorry, Washington Post, our homes are not going to foreclosure in huge numbers.  I have not heard of an extraordinary number of home owners going under because their mortgage payments have increased beyond the owner's ability to pay.  If that were the case, seems to me that prices for some of the homes on the market would be reduced to sell.  I could have sold two homes last week if the...
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By Tony Arko
(Complete Home LLC)
How is the market?  What is the market doing?  What will the market be like in 6 months?  Is the market going to keep going down? These are just some of the questions we get asked every day by our clients, our prospects, friends and acquaintances.  It is a question we need to be able to answer without hesitation and with conviction because the answer to this question if done correctly can lead to higher close rates and more business.  So how do we figure out what is happening in the market?  Being that we are just one little agent in a sea of thousands in our markets, our activity is not a large enough sample to draw from.  We must be able to analyze the marketplace with the data we have available to us.  Now this might seem overwhelming especially if you are not an economist or a stati...
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