Subdivision Analysis: Villages of Purcellville 2011 08 16
Posted: August 16, 2011 Filed under: Subdivision Analysis | Tags: 2011, Average Close Price, days on market, Inventory, Listings, Loudoun, Market Trends, Median Sales Price, Pending Listings, Price Changes, Pricing, Sales, Short Sales, Villages of Purcellville, western loudoun Leave a comment »No Active Listings = No Competition!
There are no active listings in the Villages of Purcellville. Three homes have pending contracts with an average list price of $318,267. Two of the three are short sales and the average days on market was 187 days.
Three homes sold in the Villages in July to bring the year-to-date total up to seven closings. One sold for $412,000 while the other two sold for $330,000 and $349,000. The year-to-date median sold price is $349,000, down 11 percent from the 2010 median. Sellers have clearly moderated their expectations; the average price decrease has escalated dramatically this year compared to last. Compounding the issue, seller contributions have increased 43 percent to an average of about $5,000. The time it takes to sell a home did improve though from an average of 99 days in 2010 to just 50 days through July 31, 2011.
Please call me if now is the time for you to sell your home. Be the only option for folks looking for the small town charm of Purcellville and the convenience of your highly desirable neighborhood.
