Home Selling in 20148>Question Details

wpsimas, Home Seller in Ashburn, VA

What is the current averga time on market for a townhouse in the $300k - $400k range?

Asked by wpsimas, Ashburn, VA Wed May 23, 2012

What is the current averga time on market for a townhouse in the $300k - $400k range?

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This chart shows the last year averages for townhomes in 20148: http://www.rbintel.com/statistics/zip-code-report?zip=20148 In April it was 40 days. Other reports here we can narrow down by price and status show average 48 days on market for those that are sold; 32 days on market for those that are under contract; and 187 days on market for those that are active. Skewing that last stat is new homes which are general listings for extended periods of time - not for a specific home. I hope this helps. I would love to talk with you more about what to expect when listing your home in today's market. If you're not quite ready to talk to someone, you can order an automated report from http://www.SalesInMyNeighborhood.Info which will show you the closest (geographically) homes to you that are currently being marketed for sale or that have recently sold. Best of luck.

More info on general market conditions is available on my web site under "Market Stats" - check it out.
0 votes Thank Flag Link Wed May 23, 2012
Its about 45 days in 20148 when we pull out all the new construction. There are so many new townhomes being built here in 20148 and listed on the MRIS that it can skew the numbers. Loudoun and 20148 also only have about 12% of the active inventory is distressed property(foreclosures & short sales) and about 65% of those are short sales. If you're a regular resale in 20148, your biggest competition is going to be new construction. We have just recently sold resales here in Brambleton in less then 5 days. That price range is also a target range for investors. In most cases because the rental market is so active, investors can easily recoup their investment with the monthly rents those homes are currently commanding. This also makes it a very competitive market if your a buyer in that same price range. Typically, homes are getting there list price, sometimes more and minimal seller subsidies.

Give us a buzz if you would more detailed information.
0 votes Thank Flag Link Wed May 23, 2012
As Helen pointed out, the AVERAGE days on market is 5 weeks for a TH in 20148. But that takes into account listings that have been sitting on the market collecting dust because they're overpriced as well as those that sold within 24 to 48 hours because they were purposefully underpriced in order to get immediate multiple offers and create a bidding war.

If you/your agent prices, positions and markets your property correctly, you should receive an offer(s) and go under contract within the first 2 to 3 weeks of being on the market (in the current market - that could change in the future).

If you would like to know more about how to properly price, position and market your property in the current market conditions and the near/mid-term market outlook, feel free to call, text or email me.

Danilo Bogdanovic
Real Estate Consultant/REALTOR(r)
703.582.6900 (cell/text)
danilo.bogdanovic@gmail.com
http://LoudounScene.com
http://LoudounForeclosures.com
0 votes Thank Flag Link Wed May 23, 2012
With a lot of the new construction communities pricing out above $400,000 - the $300,000 to $400,000 price range is very attractive to buyers in this market. Days on market is very low for these units, especially when you have a listing agent who knows how to market/sell a home in today's market. Feel free to call/email if you would like to schedule a free listing consultation.

Eric Pearson
Eric@e4realty.com
(540) 454-1551
0 votes Thank Flag Link Wed May 23, 2012
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