Loudoun County Real Estate Sales Trends

Loudoun County Real Estate Sales Trends November 2008

2008 Loudoun County Monthly Sales Statistics
Month	Residential Units Sold	Average Sales Price	Median Price	Average Days on Market	Active Listings	New Listings This Month	New Pendings This Month	Average S/P as a Percentage of L/P
January	216	$431,811	$370,000	123	3234	943	379	90.97%
February	264	$426,442	$374,950	120	3321	878	420	90.14%
March	350	$408,114	$358,225	124	3427	1007	533	88.53%
April	423	$393,135	$350,000	112	3574	1083	668	90.92%
May	511	$398,041	$351,000	119	3486	978	648	91.57%
June	553	$418,038	$359,000	98	3343	864	631	91.80%
July	519	$400,134	$350,000	109	3109	785	581	92.00%
August	528	$367,149	$335,000	103	2903	681	584	92.15%
September	451	$362,360	$320,000	97	2793	664	486	92.22%
October	379	$374,141	$310,000	90	2691	704	422	93.26%
November	317	$355,235	$305,000	91	2505	513	394	91.59%
December
Metropolitan Regional Information Systems, Inc. :: Last Updated on 11/9/2008

Kevin Carr - Keller Williams Realty Featured Realtor Of The Week 11-21-08

KEVIN M CARR
Keller Williams Realty Leesburg
Today's market offers opportunities and challenges for buyers, sellers and the real estate agent. Everyone is becoming familiar with the terms short sale and foreclosures. These transactions can be trying for all parties involved. It is important to let the clients know that these transactions are quite different from the traditional sale. It requires additional time to educate the client. I have learned the timing discussing the process helps the client to set reasonable expectations. In turn , this reduces the stress these transactions can cause.

The current market offers opportunity for the first time home buyer, investors and individuals relocating to the area. Prices have dropped to near 2003 levels and this has created affordability for many who were previously priced out of the market. But as a realtor we must guide the clients through the new real estate landscape.

I am a seasoned financial executive for over 20 years with Fortune 500 companies. My role allowed me to effectively negotiate and execute contracts and manage the implementation of the transaction. These skills have proven invaluable when working with my clients
I have lived in Connecticut, New York and California prior to moving to Loudoun County four years ago. II am married and we have four children. Two have moved for careers in New York City. I am active in my local church and serve on the alumni admission board for Georgetown University.

My goals as a realtor is to build a relationship with my clients that is build on trust and honest, timely and open communication. We work together to establish goals and timelines that reflect the clients' needs as well as current market conditions. I want the purchase/sale to be a win win.

Kevin Carr: Keller Williams Realty, Leesburg - 703 * 637 * 0610

Cheryl Carte - Keller Williams Realty Realtor Of The Week - 11-14- 08

Cheryl Carte - Keller Williams Realty Leesburg Virginia - Loudoun County

I have lived in Loudoun County for 34 years. I attended Broad Run High School in the days we referred to it as Corn Field High!

After attending WVU, I married and returned to Good Ole' Loudoun to raise a family. During the past 34 years I've gone from raising 4 wonderful kids, 28, 26, 23 & 21 on a 30 acre working farm in Western Loudoun to residing with my husband, Tim ( Agent Support ) and my Jack Russel, Dordy as empty Nester's in the great town of Purcellville. I devoted 13 years to working with Loudoun County Public Schools, now to Real Estate!

I've seen our Market turn over 3 times, from Double Digit Interest Rates to Over Inflated Home Prices but we Always Bounce Back. We are fortunate to live in an area of diversity with high turn around. Our greatest asset is Our Location to the Highest Ranking Government in this World and no matter what the Stock Market or Retail Market does we will always have the Greatest Job Opportunities Offered.

The time to buy is Now! Whether it's an Investment or Home Sweet Home, the Market is Ripe & Ready for Harvest.

The Carte Blanche Team is Here to Share Our Knowledge & Experience with YOU.

As a Purchaser we offer our services at no cost to you.

As a Seller our Team is ready to help get the most valve out of your property with Aggressive Marketing & Realistic Goals.

THE CARTE BLANCHE TEAM Strives to Treat Each & Every Client With The Utmost Integrity & Respect, Maintaining Honesty & Displaying Hard Core Values To Insure A smooth Transaction

Going Once Going Twice Sold!

What Should Buyers Know About Auctions? Vicky Chrisner aka " The Real Estate Whisperer" is a Certified Auction Specialist. Here is what she has to say about Auctions!

Auctions are just one more tool, which can be good for both buyers and seller in today's market. As they are being used with increasing frequency, I get more and more questions... and I hear potential buyers saying things that they assume but which are completely wrong. Sadly, I also hear inaccuracies about auctions and intimidation with the auction process, even from real estate agents.

So, as a Certified Auction Specialist, and an agent who works with both buyers and sellers, I thought I should make an effort to educate the public on the process. As it is a large topic, I will attempt to share what I know through a series of posts...which are intended to educate buyers, sellers and the general public.


Our first post is "Auctions, Part 1: Where is the Auction Held?" . By understanding where the auction is, you automatically know certain things about how the auction will be promoted and run. To read the first part of Vicky's series click on the link above. Vicky Chrisner is a real estate agent working for Keller Williams Realty in the Leesburg Virginia office