Real Estate
[Cash Buyers] Top 10 Neighborhoods in Leesburg
See the latest rankings of the Leesburg neighborhoods with the most cash buyers in the past year. Is your neighborhood on the list?
What do cash buyers mean for your neighborhood? Neighborhoods with a high percentage of cash buyers can mean that investors are fixing and flipping homes, which can increase home values overall. In condo communities, a high percentage of cash buyers may mean these are good buy and hold investment properties, where the rent versus purchase price is attractive to investors. In the past year, 1453 properties have sold in Leesburg ranging from a 1-bed, 1-bath condo for $123,700 to a 5-bed, 5.5-bath detached for $1,800,000. Approximately 11% of these homes were purchased with cash. The median sold price was $494,950.
Top 10 Leesburg Neighborhoods for Cash Buyers
In the past 12 months, a total of 153 homes sold in Leesburg for cash with a median sold price of $369K. These were the most popular Leesburg neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Lansdowne Woods | Condo | 14 | 48% | $334,500 |
| Lansdowne On The Potomac | Detached | 10 | 11% | $877,000 |
| River Creek | Detached | 6 | 10% | $874,950 |
| Foxridge | Detached | 5 | 36% | $410,000 |
| Blue Ridge At Leisure Wo | Condo | 5 | 63% | $250,000 |
| Spring Lakes | Townhouse | 4 | 18% | $424,950 |
| Potomac Ridge At Lansdowne Woods | Condo | 4 | 80% | $303,500 |
| Country Club Green Condo | Condo | 4 | 27% | $152,830 |
| Potomac Crossing | Detached | 3 | 6% | $546,000 |
| Exeter | Townhouse | 3 | 6% | $345,000 |
Leesburg Cash Sales by Property Type
In the past 12 months, a total of 53 detached homes, 39 townhomes, and 60 condos sold in Leesburg for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in Leesburgfor free with the latest updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 1 | 1 | 13 | 38 | $725,000 |
| Townhouse | 0 | 2 | 23 | 14 | $422,500 |
| Condo | 6 | 43 | 11 | 0 | $262,000 |
| Sold (MED) | $197,000 | $264,500 | $345,000 | $786,525 | $369,000 |
Peggy Yee is a supervising broker at Frankly Realtors and is one of Northern Virginia Magazine's Top Realtors in 2015-2019. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com.
Find out what's happening in Leesburgfor free with the latest updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.