I hope that this is both helpful and insightful. Feel free to contact me for any other specific questions about the market conditions in Leesburg.
Cell: (703) 300-0367
Office: (703) 669-0099
Fax: (703) 669-4104
Keller Williams Realty
50 Catoctin Circle NE
Leesburg, VA 20176
Licensed in Virginia
Visit my website at: http://www.MattShultzHomes.com
"Like" my Facebook page at: http://www.facebook.com/MattShultzHomes
Leesburg (20176 zip): comparing to February 2012
Sold Dollar volume is up 38.99% Average sold price is up 10.58% Units sold is up 25.71% This is all good.
However, Active listings in 20176 zip is down 7% What this tells me is INVENTORY IS LOW!
Specifically attached homes (Townhomes) sold between $200K - $399.999K 6 sold and there were 18 active listings in this price point on the market at the end of the month. So basically 3 months supply.
Detached homes almost half of what sold (11 properties) were in the $600K-$799,999K and end of February showed 34 active listings in this range again around 3 months supply.
What we are seeing is if your home is priced well it should sell and in some cases multiple offers or a "Sellers Market" From what we are seeing in March so far this trend is continuing.
If you want an idea of what this means for you contact me and I will be glad to run some numbers.
Keller Williams Realty - Leesburg