All about life and real estate in Loudoun County, Virginia
We've been talking for a while now about the slim inventory, and it can make the process of buying a home very challenging. Let's take a look at the journey of my clients, Rob and Meghan, to shed a little light on our current market. To say they were ideal buyers would be an understatement. They have excellent credit, strong income, and a … [Read more...]
Around this time last year, Heather wrote a post about the low inventory levels to start the spring market. Well, 380 days later and we are in a smaller boat! Over the last 30 days (as of this afternoon), only 644 new resale listings (non-new construction) have come on the market. Amazingly, 51% (337) of those are already under contract! It's … [Read more...]
To sell or not to sell, that is the question... I'm sure you have probably heard that the real estate inventory is very low in LoCo. We're not alone: it's so low in Nashville a friend of ours wrote they are desperately seeking sellers. This morning, I read a Wall Street Journal article about declining housing inventory and it got me … [Read more...]
Half way through February, and inventory in LoCo is still very low. If you are searching in the $400,000 price point, you currently have the lowest total of any range with 36 homes from which to choose. (As shown in the multiple listing service this morning, excluding all new construction.) Considering 661 homes sold in this range last year, … [Read more...]
There has been so much happening at One Loudoun lately, I thought it was time to put it all together. New home construction is rocking, as sales passed the 100 mark recently. This Saturday, February 16th, NV Homes will hold their grand opening from 11 am to 5 pm. As the only townhomes in One Loudoun to date, two of the three models are … [Read more...]
When we stopped by Purcellville Gateway to get dinner at Jersey Mike's last Friday (along with everyone else in town), I took a peek inside the former Cole Farm barn. Construction is moving along for IJ CANNS American Grille, which is scheduled to open in late March. After speaking with one of the owners, we learned this will be their … [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 enjoy both history and fixing things, then you may have trouble driving by historic homes for sale without feeling the urge to buy and fix one up. In Loudoun, there are of course numerous historic homes in the heart of each of the towns. Leesburg in particular has some gorgeous architecture in the historic district. Before you … [Read more...]
"A journey of a thousand miles begins with a single step." That's how the saying goes, right? Also how buying a home goes, although hopefully the experience doesn't feel like a thousand mile trek. If you are thinking about buying your first home, or if it's been a long time since you've been through the process, the first step can be the … [Read more...]
It happens sometimes, as we sit at the kitchen table, market data and comparable home sales spread out in front of us. When I'm discussing list price with my seller clients, it's not an unusual question: "How concerned should I be about my home's 'Zestimate'?" My answer is always that my sellers are more concerned with that number than most … [Read more...]
