Loudoun County: Past Sales, 6/15 through 7/15

I wrote several optimistic posts last month about the direction in which Loudoun’s real estate market has been headed, but I have to say it’s extremely satisfying to see it in black and white. The past sales searches I ran today yielded results I somewhat expected, but it was still surprising to see it contrasted against the data from a month ago. (By the way, the number of properties on the market in 20176 is now down to 546. That’s the lowest number I’ve seen since I moved here in May of 2006.)

In case you don’t remember, here are the numbers from my last sales analysis to jog your memory. (The search covered 6/1 through 6/15.)

ZIP Sales Average
Sale Price
Median
Sale Price
20147 43 $457,494 $420,000 
20148 12 $598,355 $638,453
20176 13 $546,991 $535,000

Here’s what I found for 6/15 through 7/15 (to be consistent, I broke out the sales from 6/15 through 6/30, in order to properly show the increase from the first half of the month):

ZIP Sales Average
Sale Price
Median
Sale Price
20147 116 sales (65 from 6/15 through 6/30) $424,085 $416,000
20148 40 sales (22 from 6/15 through 6/30) $532,745 $526,050
20176 128 sales (77 from 6/15 through 6/30) $425,943 $369,950

It’s interesting to me that while prices in 20147 held relatively steady, both 20148 and 20176 experienced significant drops. It’s not surprising, though, since substantial price decreases were needed in order to get the market moving. Also not surprising is that 20148 continues to bring in the highest sale prices; I guess Washingtonian Magazine knew what it was talking about when it named 20148 one of the Top 50 ZIPs in terms of price consistency this past year. 

I’m featuring the least and most expensive sales in all 3 areas below. You can view the entire results from each search by clicking on the ZIP. 

20147
Least expensive property sold:
43860 Hickory Corner Ter., Unit 111
Type: Condo
Community: Ashburn Village
Sale price: $70,000
Closing date: 6/19/2008 

Most expensive property sold:
20257 Medalist Dr.
Type: Single family
Community: Belmont Country Club
Sale price: $1,202,372
Closing date: 7/10/2008 

20148
Least expensive property sold:
22641 Blue Elder Ter., Apt 103
Type: Condo
Community: Ashburn Village
Sale price: $232,000
Closing date: 7/07/2008 

Most expensive property sold:
43078 Lago Galleric Ct.
Type: Single family
Community: Belle Terra
Sale price: $900,000
Closing date: 7/11/2008 

20176
Least expensive property sold:
66 Adams Dr NE, #85
Type: Condo
Community: Heritage Square
Sale price: $60,245
Closing date: 7/2/2008 

Most expensive property sold:
18680 Riverlook Ct.
Type: Single family
Community: Lansdowne
Sale price: $3,199,000
Closing date: 6/30/2008