Broadlands, Ashburn – Northern Virginia – Home Sales Activity 2018

Broadlands/Ashburn, VA – Jan. 12, 2019 –  Home sales during 2018 in the Broadlands community of Northern Virginia have shown some signs of moderating the brisk selling pace experienced in 2017. In 2018, 95 homes sold compared to the 116 homes in 2017. The average sold price during 2018 was $552,782 compared to $548,449 the previous year – a slight increase of 0.79%.

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 increased just 0.79% compared to the 2.93% average price increase seen in the overall Northern Virginia region. However, the Broadlands community continued to flex seller strength with significantly lower days on market (DOM) in 2018. DOM measures the speed to a contract, or transaction velocity. The Broadlands average DOM’s clocked 42 days, down from 70 days the previous year. This is an 40% faster pace for sellers receiving a contract.

The table below illustrates the specific sold activity experienced in the Broadlands community – 2018 as compared to 2017.

Broadlands 2018

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