All about life and real estate in Loudoun County, Virginia
Continuing our look at the spring market, here is an update for the past three months in Potomac Station. One interesting note, every home sold since December 11, 2012 has been a standard sale. During this time period last year, six of the fifteen total sales were either foreclosures or short sales. Townhome sales in Potomac Station have … [Read more...]
Unlike Ashburn Farm, the past three months in Ashburn Village have been a little mixed. The townhome market is a little slower, while the single family market has improved. Interesting to note, the number of distressed sales is down considerably this year, let's take a peek. Over the last ninety days, 21 townhomes have sold in Ashburn … [Read more...]
The market is heating up, so it's time to let you know what's happening in some of the busier LoCo neighborhoods. This morning, let's take a look at the the last three months' activity for Ashburn Farm. Townhome sales are up 42% compared to this time frame last year (17 vs. 12). Each period included two short sales, with one foreclosure … [Read more...]
Lansdowne has become one of the premier neighborhoods in LoCo, offering everything from condos to $1,000,000+ single family homes. Let's take a look at 2012, a year that had a nearly 20% increase in sales over to 2011. There are a few distinct segments to the Lansdowne market, first we'll review the town center area. There were 23 total … [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...]
Typically less than 5% of the 467 homes in Woodlea Manor & Woodlea Hills change hands over the course of a year. 2012 was no different, 18 total sales were recorded which was three less than 2011's total of 21. Sixteen of those sales were in Woodlea Manor, where an average sales price of $572,000 represented a very slight increase … [Read more...]
Shenstone is one of those unique neighborhoods where not much happens on a yearly basis. Over the last four years, there have been an average of five sales. 2012 was no different with three standard sales, one foreclosure, and one new construction in Shenstone Reserve. The average sales price of $964,255 was up 3.4% when compared to 2011's … [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...]
It's the end of January and the spring market is just around the corner. If you are shopping in the $300,000 price point you currently have 51 homes from which to choose. (As of this morning, excluding all new construction homes in the multiple listing service.) Considering 761 homes sold in this range last year, we are looking at a … [Read more...]
Recently, we took a look at the real estate market for Tavistock Farms. Today, let's review the strong year that was for Leesburg Country Club. There were a total of 17 sales in 2012, one more than in 2011. Two of those 17 were foreclosures, one less distressed property than 2011 which had two short sales and one foreclosure. Average … [Read more...]
