All about life and real estate in Loudoun County, Virginia
It's the end of July and the Ashburn real estate market continues to roll right along nice and strong. Inventory levels are low, and multiple offers are the norm in most of the lower price points (although the multiple offers aren't causing price run-ups like what we saw in 2004 and 2005.) The statistics below match up well with what I'm … [Read more...]
Things are still cooking in Leesburg this summer! Looking across both the 20175 and 20176 zip codes we can see that the pace of homes going under contract (homes absorbed) is keeping up or exceeding the number of new listings (newly listed)...no wonder the inventory level is still so low! Days on market is shorter for condos and townhomes … [Read more...]
Take a peek at the charts below, which give you a snapshot of both the single family home market and the condo/townhome market in Sterling, Ashburn, and Leesburg. One of the main things that jumps out at me is how the "Homes Absorbed" compare to the "Newly Listed"~~since in all cases those numbers are very close, it shows us that houses are … [Read more...]
I've written in the past about the lots that have stayed empty at the Highlands at Round Hill since Equity Homes folded last year. I've had so many inquiries into what was happening with those lots that I had a title company do some searching for me, and it looks like we have some answers. The 50 some lots that were left there are now held … [Read more...]
Here's a wrapup of some news worth noting in LoCo lately.... Don't forget that the Loudoun County Fair is going on now! Located off of Dry Mill Road in Leesburg, the fair runs until Sunday. We'll be there tonight! The proposal to put a minor league baseball stadium at Kincora (located at the intersection of Routes 28 and 7 in … [Read more...]
New post at LoCo Market Stats... the market has changed tremendously! Cheers, Heather … [Read more...]
Any working real estate professional in Loudoun County is going to nod their head in agreement when looking at these charts; the real life 'boots on the pavement' experience is matching up for certain with what we see on these charts. Ashburn condos and townhomes are definitely selling as fast as they are coming on the market! Before I get … [Read more...]
Today, let's look at market statistics for Loudoun County as a whole. I think we are seeing some emerging trends here,as the statistics are holding true across both single family homes and condo/townhomes. Median price started trending up around the beginning of April, and continues to climb, while the inventory of homes started to drop at … [Read more...]
Another builder has re-opened a community in Loudoun County~~this time, it's Brookfield Homes offering a choice of eight lots at Goose Creek Bend in Leesburg. Actually, they are reopening what was a Kettler Brothers community. I can't tell if Kettler is still holding any of the lots there, but Brookfield's site shows availability on the … [Read more...]
