An Infographic about the 2016 Real Estate Market
Our infographic shows how the Residential Real Estate market stayed strong through the end of 2016. And that carried over into the new year! Despite interest rates rising slightly during the 1st Quarter of 2017, the market stayed steady. Buyers competed against a low inventory of homes on the market through our unseasonably mild winter. As Spring arrived in full force more homes are being listed For Sale.
As you can see, 6,275 homes were sold in Loudoun County during 2016, which was up 5% over 2015. Single Family homes sold for an average of $609,994. Townhomes sold for an average of $408,173. Again, these were an increase over the previous year. And we expect this upward trend to continue as the market stays strong and steady.
As of April 25th of this year, there were 1,241 homes for sale in Loudoun County. Interest Rates are at the lowest they’ve been all year which makes now a great time to buy and sell Real Estate! Are you interested in getting pre-qualified for a home loan or refinancing a current loan? Contact our trusted friend and Lender, Keith Harris at Intercoastal Mortgage by clicking here or call (703) 259-0788.
The JS Realty Team @ Samson Properties is excited to offer sellers a $7,500* Rebate! Contact our Expert Agents today to learn how we can save you REAL CASH.
*Rebate based on $500,000 sale at 6% commission.
Keith Harris at Intercoastal Mortgage Company
NMLS ID # 838973
Company NMLS ID # 56323
Intercoastal Mortgage Company is an Equal Housing Lender.