Market Conditions in Oakton>Question Details

M. Daniel, Home Seller in Oakton, VA

I am thinking of selling my single family home in the Oakton area and buying in Ashburn. How are prices?

Asked by M. Daniel, Oakton, VA Sun Aug 17, 2008

holding up in Oakton?

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Answers

7
The prices in Oakton have remained stable and in good shape. If your home is in good condition, updated appliances, finishes, mechanicals, etc and shows well then your home should sell fairly well and quickly. In Ashburn you will most likely get more home for your dollar (larger home).

Good luck!
0 votes Thank Flag Link Thu Mar 3, 2011
Hello. I have 2 listings coming up in Ashburn 1) a foreclosure 2) short sale. If you would like to know more feel free to give me a call.

Bill Hoffman
Keller Williams
703-309-2205
0 votes Thank Flag Link Thu Mar 3, 2011
The Oakton market is very stable and remains strong. If your current home is in good condition and priced well, it will sell easily. You'll have a lot of choices in the Ashburn area and should have the ability to get a good deal. I've worked in both of those markets and would be glad to talk with you further about selling and buying. Our website has a Market Snapshot link where you can put enter information on your current home and find out an estmated value. I've been in the business for a long time and have worked in many different markets and we'd be happy to talk to you about our current market activity and would be glad to do a more detailed analysis too.
Web Reference: http://www.richeyhomes.com
0 votes Thank Flag Link Sun Oct 18, 2009
Depending on your Oakton home condition you could be able to improve your housing situation in terms of living square footage, interior design and materials by moving to Ashburn or Haymarket. The houses there are newer and look nice. Some of them are short sales and foreclosures, so the buyers can negotiate a deal. For more details call an expert.
All the best!

List with LAMAR - Matching People to Homes
0 votes Thank Flag Link Tue Oct 14, 2008
I know this was not a part of your anwser but I have had a lot of people relocate from the VA,MD,DC area to Charlotte due to home prices down here. Check out what we have to offer at http://www.cbunited.com/kaymorrison. If you click on the picture there are links to search specialty properties also.
0 votes Thank Flag Link Wed Aug 20, 2008
Actually, the market in Ashburn has stabilized over the 4 months. Inventory is down and buyer demand is up. Even though the market is supposed to slow down in July and August, buyer demand has not let up whatsoever. Yes, there are pockets of weakness, but that's true in Oakton or any area in the DC metro area.

The short-sale and foreclosure/bank-owned property has stablized as well. New inventory is finally being matched 1 for 1 to buyer demand as opposed to 2006 and 2007 where we had much more new inventory than buyer demand.

For more statistics and information about the Ashburn and Loudoun County real estate market, check out my blogs (make sure to check out the post on July 2008 real estate statistics):

http://www.LoudounScene.com
http://www.LoudounForeclosures.com
0 votes Thank Flag Link Sun Aug 17, 2008
Much better in Oakton than in Ashburn. Sounds like a good move to me. For a "snapshot" of home prices in your neighborhood - go to my web site and order a "Market Snapshot" from the front page. You will have to enter your real address and real email. The system automatically generates & emails you a report showing you the homes that are for sale and that have recently sold that are geographically closest to your home address.
0 votes Thank Flag Link Sun Aug 17, 2008
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