Subdivision Analysis: Hirst Farm 2011 07 05Posted: July 6, 2011
As of May 31st, six homes have sold in Hirst Farm so far this year. Two of the six were short sales and two were bank owned properties (67 percent distressed). The annualized pace suggests roughly 14 homes will sell this year, 3 fewer than last year. While still below the 2010 median, the year-to-date median sales price in Hirst Farm was up from $399,000 in April to $409,000 at the end of May (+3 percent). The average seller subsidy is on the rise though in this community, up 44 percent from the average in 2010 and it has taken 20 percent longer to sell Hirst Farm homes this year compared to last.
As of July 6, 2011, there was only one pending sale in Hirst Farm and no active listings. The pending sale is a short sale at a current list price of $369,900. The home was on the market 38 days.
Hirst Farm is clearly a victim of when it was built and the ensuing meltdown of the real estate market. I specialize in short sales and have a system to make the process as painless and quick as possible. There is no competition at the moment…a good time to list and sell your home. Please call me, I would be honored to help you sell your home and/or answer any questions you may have about the real estate market here in Loudoun County.
Don’t miss my monthly column on western Loudoun housing trends, “The Dirt on the Market”, in The Purcellville Gazette.