Broadlands, Ashburn – Northern Virginia Home Sales Activity Q3 2018

Broadlands/Ashburn, VA – Dec. 1, 2018 –  Home sales in the Broadlands community of Northern Virginia have shown some signs of moderating the recent brisk selling pace. In Q3 2018, 25 homes sold compared to the 34 homes during the same quarter in 2017. The average sold price during Q3 2018 was $559,796 compared to $573,897 the previous year – a decrease of 2.5%.

The Broadlands community is just one of 600+ subdivisions across the Northern Virginia housing market. Other subdivisions include The Ridges of Glendilough in Fairfax, Singleton’s Grove in Centreville, and Stonegate in the City of Alexandria just to name a few. Each subdivision has its own unique selling characteristics and sub-market statistics that feed into the overall Northern Virginia market. The Broadlands average selling price declined 2.5% compared to the 3.22% average price increase seen in the overall Northern Virginia region. However, the Broadlands community continued to flex seller strength with low days on market (DOM). DOM measures the speed to a contract, or transaction velocity. The Broadlands average DOM’s clocked 37 days, down from 45 days the previous year. This is an 18% faster pace for sellers receiving a contract.

The table below illustrates the specific sold activity experienced in the Broadlands community during Q3 2018.

Activity (Broadlands)

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