Lansdowne on the Potomac Home Sales, September Market Report

Single Family Homes for listed for sale in Lansdowne on the Potomac in the month of September remained flat when compared to August. Currently there are 22 active single family home listings, 9 pending sales and 4 single family homes sold in the month of September. Inventory has remained consistent and there appears to be an ample supply of single family homes listed for sale. There are currently only 5 active listing for town houses in Lansdowne.

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Town House Sales outpace Single Family Homes.

Town Houses listed for sale in the month of September also remained similar to the month of August with 5 active listing, 8 pending sales and 4 closed sales this month. The inventory and sales activity for town houses is stronger when compared to the single family home market. This is consistent with the overall market in Loudoun County where higher priced properties are seeing increase inventories, longer days on the market and slower sales.

Average Days on Market Increase.

List prices for active listing of single family homes for sale range from $559,000 to $3,200,000 for the larger homes. The majority of homes listed for sale have a median price of $774,000. The average days on the market for these homes is 83 up from 56 for Single Family Homes and 40 days up from 25 days for Town Houses.

Average sales price increases for the month of September.

The average sales price of single family homes in Lansdowne increase from and average of $660,833 in August to $738,750 for September. Town House sales also increased in the same time frame form an average of $436,330 to $522,675. This is consistent with the shortage of inventory we saw in the month of August. It appears that the increase inventory currently on the market is having a slowing effect overall resulting in the increase number of days on market. I would expect that prices remain stable at this point until the market sees buyer’s reentering after the holiday season.

Home owners who need to list their home for sale in Lansdowne on the Potomac, now more than ever need to partner with an experienced and aggressive real estate professional to ensure that they are successful with the sale of their home. For more information on Lansdowne on the Potomac please contact our team at Loudoun County Living LLC.