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How Much Home for $400K, June 2014

Sterling-townhomes-946x338

It's not unusual for this segment of the market to be the most active, however 40% more listings than the next closest price range is kind of surprising. If you are searching for a home in the $400,000 ball park, you have 178 of the 1548 total homes currently on the market from which to choose. (As shown in the multiple listing service this … [Read more...]

How Much Home For $300K in LoCo, May 2014

Candlewick_00-225x300

Last week when we wrote about homes in the $500,000 price range there were 1346 active listings. Here we are a week later and 45 more homes have hit the market. If you are searching in the $300,000 price point, you have 87 of the 1391 homes currently on the market from which to choose. (As shown in the multiple listing service this morning, … [Read more...]

How Much Home For $500K in LoCo, May 2014

Log cabin in Waterford

Since we last wrote about this, the number of homes for sale in Ashburn, Sterling, and Leesburg have doubled while the rest of LoCo has stayed constant. If you are searching in the $500,000 price point, you have 84 of the 1346 total homes currently on the market from which to choose. (As shown in the multiple listing service this morning, … [Read more...]

LoCo High Schools Making the Grade

School hallway

This came through from LCPS and we thought it was worth sharing: All 12 of the Loudoun County Public Schools (LCPS) high schools eligible to be ranked nationally by The Washington Post’s Challenge Index received this honor in 2014. (John Champe High School is not yet eligible to be ranked.) The Challenge Index, conceived by Jay Mathews of … [Read more...]

How Much Home for $300K in LoCo Today?

lansdownetowncenter-946x338

  Last week when we wrote about homes in the $400,000 price range there were 1500 active listings. Here we are a week later and only 2 more homes are on the market, maybe the weather is slowing things down. If you are searching in the $300,000 price point, you have 59 of the 1502 homes currently on the market from which to choose. (As shown … [Read more...]

Look Back: LoCo Market in 2013

Farm outside of Waterford

2013 was the year of the seller in LoCo as every statistical measure of value increased. A couple of my buyers experienced this first hand with multiple offer situations, but we were still able to find them a home. Probably the most shocking stat was a 21% increase in total sales volume to almost $2.9 billion! That's enough to buy the … [Read more...]

How Much House for $500K in LoCo?

Highlands model 3

  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 this … [Read more...]

And the Hottest Neighborhood in LoCo this Month Is…

South Riding home

Two weeks ago I wrote about the top selling neighborhoods in LoCo, and Brambleton was the leader of the pack with 15 sales in the previous 30 days. Well, the top spot now belongs to South Riding with 29 sales in the last month. Let's take a look at what is moving in this community and how it could affect you. Sixteen townhomes have changed … [Read more...]

Hello LoCo… the “Goodbye Tax” is Back (Updated)

LoCo News

Last Saturday, the Virginia General Assembly passed a new transportation bill (HB 2313) to help fund the states road systems. Part of the package is a 250% increase in the Grantor's tax, the tax all Virginians pay when they sell a home or business property. About 4 years ago Heather wrote about the reduction of the Grantor's tax from $5 per … [Read more...]

LoCo Luxury Homes…Still Selling

Loudoun Luxury Homes

  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...]