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Tanya Johnson

Got Hazardous Waste in Your Home? Feel Free to Dump it on April 26th!

Thats right! On April 26th Loudoun County wants you to feel free to dump that hazardous waste off and get it out of your home to be properly disposed of. The county has a fabulous program dealing with household hazardous materials which I don't think many people know about. From March to November the county has monthly drop off locations at different areas through-out the county to make it convenient for people to dispose of anything the trash company won't take or shouldn't go into the county landfill.

This month's location is at Loudoun Valley High School 340 N. Maple Avenue, Purcellville Virginia between the hours of 8:30am and 2:30pm. For more information visit the county's website .

Not sure what is hazardous waste? Click here for a list of common household items .


Mid April 2008 Housing Stats-Shaping up to be a flat month

Our mid-month housing market analysis for Loudoun County, Sterling VA, Ashburn VA and Leesburg VA shows signs of staying relatively flat from last month's numbers. To generate the numbers, we combined what has already sold as well as what is currently under contract with a closing date within April 2008

Loudoun County

Overall, the county will sell roughly 172 detached homes and 156 townhomes as compared to last month a total of 171 detached and 157 townhomes. The average sales price is currently lower than last month for detached homes and higher for townhomes. Lets see if the numbers change once the end of the month is here and all the sales have been entered.

Sterling / Potomac Falls (20165) Virginia

Sterling's numbers are currently 19 detached homes and 17 townhomes, which will be higher than the 10 detached and 15 townhomes that sold last month. Currently, the average sales price is lower than last month for both detached homes and townhomes.

Ashburn (20147) Virginia

Ashburn doesn't look like it will be able to keep up the improving trend since the beginning of the year. Each month since January 2008 for both detached and townhouses the number of homes sold has increased. Currently, it appears 17 detached homes and 32 townhouses will sell by the end of the month which is down slightly from 19 detached and 38 townhomes. The average sales price is a bit lower for detached and higher for townhouses.

Leesburg (20176) Virginia

The Leesburg detached home run up in activity looks like it will not be sustainable. Currently a total of 18 detached homes are set to settle in April, down from a high of 28 homes in March. The townhouse market in Leesburg is up a little to 27 townhomes to sell from 21 in March. The average sales price is looking higher than last month for townhomes but lower from detached.


March 2008 Housing Stats - Mixed Market Throughout Loudoun County Va

The Loudoun County housing market overall was mixed for the month of March. Overall, Loudoun County did see an increase in the number of homes sold since last month, which is definitely a positive. The market is still trying to recover from the credit crisis which definitely affected housing sales in August and September of 2007. Another drop in the market occurred in December of 2007. The average sales price continues to decrease as we head full swing into the spring market. Unless the number of homes selling each month increases, the odds of home sale prices stabilizing is probably not realistic.

Loudoun County Average Home Sale Price Compared with Homes Sold

The number of homes sold in the 20165 zip code of Sterling/Potomac Falls dropped slightly from February. Detached homes are averaging about 10 homes selling per month with 103 active listings which equals about 10 months of inventory. The average sales price for detached homes remained about the same. However, unless more homes start selling, I am concerned that the average sales price could decline in the upcoming months. The MLS data goes back to 1996 and indicated that the number of detached homes selling monthly hasn't been this low since the early 1990's. The townhouse market is fairing a little better and outselling detached homes. So far this year, the average number of townhouses selling is 15 townhomes per month and there are 100 current active listings which equals about 6.6 months of inventory.

Sterling VA Average Home Sale Price Compared with Homes Sold for March 2008

 

The townhouse market in the 20147 zip code of Ashburn is getting exciting! The number of townhouses selling per month has been climbing since the bottom in December of 2007 with only 15 homes selling that month. In March, 2008, 36 townhomes sold as of 4/3/08. I would imagine a few more might trickle in as agents enter in sales for the last days of the month. It will be interesting to watch to see if the number of townhomes sold crosses the average sale price line. The average sale price for Ashburn townhouses has decreased much more aggressively than Sterling townhomes which might be the reason the sales activity has been higher. The Ashburn detached home market also improved over February's numbers for both units sold and average sales price.

 

Ashburn VA Average Home Sale Price Compared with Homes Sold for March 2008

 

Good news for the detached home market in the 20176 zip code of Leesburg if it can maintain the momentum. Detached home sales in this zip code are up 46% from February, 2008 to 28 homes sold in March. This is the most detached homes in this region to sell in one month since the credit crisis in August/September 2007. It will be interesting to see what happens in April. The average sales price for detached homes has been all over the place so not really any stability there. The beast of Leesburg is the inventory. There are 231 detached homes currently active and if 28 homes per month were to continue to sell than the inventory is only at 8.25 months. Unfortunately, the average number of detached homes to sell this year is 17 homes per month which means that there are 13.5 months of inventory. The townhouse market appears to continue it's decline. Both the number of townhomes sold as well as the average sales price dropped a little in March, 2008 from the prior month.

Leesburg VA Average Home Sale Price Compared with Homes Sold for March 2008