Ashburn Real Estate Market Conditions & Reports, Ashburn Market Trends, Virginia

Market Commentary Provided by Maggie DelGallo
Foreclosures are already bank-owned properties and most of the time, you can close on a bank-owned property in less than 60 days. If you are considering short sales, do your homework, These transactions take quite a lot of time to materialize and many ntimes the buyer gets tired of waiting to hear on a response from the lender(s) as to whether their offer will be accepted, countered or rejected.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Maggie DelGallo
#1 Home Buyer's GUARDIAN Metro Realty
Reston, Virginia
703-932-7718
maggie@sellingvahomes.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$350,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 25-30%

Prices As % of Asking Price

85-90%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Ashburn is

Seller Activity for the past 90 days in Ashburn is

Is Financing Available For Qualified Buyers in Ashburn?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Arlington, Alexandria, Fairfax

Reason to Buy/Sell

Other

Average Sold Price

$350,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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