Local Home Sales - Eastern Loudoun / Western Fairfax County, Virginia
March 2008
| Area | # | % Chg | % Chg | Average | % Chg | % Chg |
| Homes | Last | Year | Sale | Last | Year | |
| Sold | Month | Ago | Price | Month | Ago | |
| Ashburn / Broadlands / Brambleton | 96 | 16.7% | -57.3% | $412,595 | -9.8% | -25.8% |
| Great Falls | 18 | 66.7% | 0.0% | $1,823,800 | 7.5% | 24.4% |
| Herndon | 69 | 33.3% | -20.3% | $399,125 | 8.0% | -30.4% |
| Leesburg / Rivercreek / Lansdowne | 81 | 29.6% | -67.9% | $465,089 | -6.5% | -18.8% |
| Reston | 77 | 13.0% | -75.3% | $409,565 | 5.1% | -18.2% |
| Sterling / Potomac Falls | 100 | 20.0% | -6.0% | $313,205 | -7.0% | -36.9% |
| Chantilly / Oak Hill / South Rding | 54 | 16.7% | -44.4% | $440,270 | -14.7% | -23.5% |
Summary: The number of home sales in our local area picked up significantly since February, making this a more normal "Spring Market." First-time home buyers and others who did not have another home to sell had the advantage of extraordinarily low home prices plus very favorable interest rates. FHA loans are becoming more popular as the maximum FHA Loan Limit was raised to $729,750 for most of the Washington Metro area. The down payment for first-time buyers qualifying for an FHA loan remained at 3%, making it relatively easy for new buyers to get into high-quality homes at bargain prices. Home sellers who still have some equity in their homes are frequently subsidizing the buyer's closing costs - sweetening the deal even more. Average sales prices continued to decline in Loudoun County since February and by double digits in both Loudoun and Western Fairfax since a year ago. For more real estate news updates visit www.JoanDeSantis.com
Data Source: Metropolitan Regional Information System - Copyright 2008
View homes for sale at www.JoanDeSantisHomes.com
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Who is Joan DeSantis?
Joan DeSantis has owned and managed residential investment property in Northern Virginia since 1985. She holds a BA in Humanities from Muhlenberg College and an MS in Systems Management from Capitol College.
A member of the Dulles Area Association of Realtors, Joan earned the ePRO designation in 2006 and completed Craig Proctor's real estate marketing program in 2007.
Besides selling houses, she enjoys figure skating, painting, and spending time with her husband, 10-year-old daughter, and three college kids (whenever they're in town).
Joan lives in Ashburn, VA.
Leesburg, VA 20175 (For Sale $1,099,000) Ashburn, VA 20148 (SOLD)
Listen to what clients are saying...
C.B. Ashburn, VA
First Fruits
2007
Joan DeSantis
"Joan DeSanits has shown me that she's at the top of her profession!! Joan's expertise and talent for understanding the entirety of her clients needs and how that relates to the issues at hand are exemplary. She's focused on her clients and on her business. Additionally, she has a depth of experience related to investment properties that is refreshing and unique. I'm proud to work with her and call her a friend!"
Jim Preuss, CTX Mortgage, Reston, VA
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