All about life and real estate in Loudoun County, Virginia
The Spring market is in full swing and inventory in LoCo is still very low. If you are searching in the $500,000 price point, there are currently 42 homes from which to choose, just over one month's worth of inventory. (As shown in the multiple listing service this morning, excluding all new construction.) The average home in … [Read more...]
Every day I search the multiple listing service looking for something that sticks out. Sometimes it's a neighborhood that's really active, others it is a price point which is unusually quiet. Poking around this morning, I found there are 42 existing homes for sale over $2 million in LoCo (10 yet to be built new construction are listed as … [Read more...]
2012 saw an improvement in every measurable area for home sales in Loudoun County. Let's take a look at the key statistics and see what they tell us. Median sales price for single family homes was up to $533,641, the highest value since 2007 checked in at $644,924. This represents a 2% increase over 2011's median sales price of $523,666 … [Read more...]
If you're looking to purchase a home in a golf course community there are a few different items to consider compared to buying a typical single-family residence. In my former life as a PGA Professional (club pro not the guys on TV) I had a number of tricky situations with homeowners living around my course. Nine times out of ten, the issue … [Read more...]
Back in January, I wrote a post about the luxury market in Loudoun, the $1 million-plus homes, that also ran in the Washington Post's real estate blog. At the time, I pointed out that the luxury market seemed to be rebounding, with the overall number of million dollar homes sold rising from 50 homes sold in 2010 to 62 in 2011. When I … [Read more...]
I wouldn't go so far as to call the local real estate market loco...but it has been a completely different experience than 2011. Based on the May numbers released by MRIS, the multiple listing service that Realtors use here, our Loudoun sold dollar volume for May 2012 was $222,570,219, up 30.71% from May 2011. At the same time, overall days … [Read more...]
Because this little corner of the web has much to offer in the way of Loudoun photographs and thoughts on living here, I often hear from folks who are considering a move. Last week, I spoke with a couple that are thinking about Purcellville and western LoCo for their next abode; they would be moving from Maryland. With a free Saturday to come … [Read more...]
The new clubhouse at Creighton Farms is open for business! Last week, I had the good fortune to stop by for a sneak peek and tour of the facility. With the welcoming, wide front porch and stone facade, it truly delivers the feeling of a Loudoun County manor home, albeit on a grand scale. During my visit, finishing touches were being completed … [Read more...]
If you've been reading the posts here for the last couple of months, you've heard me repeat over and over that we do not have a lot of available homes for sale on the market here in Loudoun. Given that we are now in the first week of March, we should be hearing the stampede of listings approaching in the distance like a thundering herd of … [Read more...]
Since we first got wind of it in October, we've been anticipating Stanley Martin's opening of the Huntleigh at Creighton Farms. They officially opened their Sutton model there on Saturday, and will be offering five different home models on one to three acre home sites. Models offered at the new community are: The Addison, base price … [Read more...]
