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Iris Aponte's Blog

By Iris Aponte - VA, MD & DC | Agent in Chantilly, VA

Leesburg Market

Wow, what a difference a year makes.  When we last visited the Leesburg market it was just beginning to come out of the foreclosure/short sale market.  We now see that there was a strong market during the 4th quarter of 2012.  Average sales price is up 10.5% over a year ago, total sales are up 20% and pending sales are up 11%.

November 2011 November 2012 % change
Avg. Sales Price $420,821 $464,999 10.5%
Avg. DOM 83 55 -33%
Total Unit sales 75 93 20%
Active listings 369 184 -15%
Pending Sales 163 184 11%

Northern Virginia is enjoying the lowest inventory in the past 5 years, coupled with the continuance of the historic lowest interest rates and lowest unemployment of any major market in the country, I expect this trend to continue and grow through Spring and Summer.

Now is the time to sell and move up or downsize. 

 
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