All about life and real estate in Loudoun County, Virginia
In the first of my neighborhood year in review posts, I am tackling 2012 home sales for Tavistock Farms. As a former resident, it always interests me to see how the market is faring. Overall, 27 homes sold in 2012 compared to 28 in 2011. Let's take a look at how that breaks down: For single family homes, 10 sold in 2012, one less than … [Read more...]
Since late-2011, home values have climbed in many markets across the country. The government's Home Price Index puts the increase at +3.7% an annual basis, and the National Association of REALTORS® shows home sale prices up 11% since last year. The price at which a home sells is determined by the economic force of supply-and-demand but … [Read more...]
Home builder confidence continues to rise. As reported by the National Association of Home Builders, the Housing Market Index, a measure of builder confidence, rose to a reading of 40 in September -- its highest mark since June 2006. The index is now higher through five straight months and 11 of the last 12. For home buyers , the survey … [Read more...]
As we send the children off for the new school year we thought it was time to take a look at the beginning of the fall market. As the chart below displays, median price for single family, condominiums, and townhomes in Loudoun are at a two year high. This represents a 14% increase in single family home median price and a 21% increase in … [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...]
So it's definitely selling and buying season in Loudoun County. Figured it might be helpful for you to take a look at some of the statistics and trend lines. Below are three clickable charts that show you how the single family home market is behaving in Sterling, Ashburn, and Leesburg. Overall, median price is up, and days on market is … [Read more...]
Visited any open houses lately? Wondering what's out there in Loudoun right now? If your target budget falls around $500,000, you have exactly 58 homes to choose from in ALL of LoCo right now. (As of this morning, counting all non-new construction homes active in the multiple listing service.) There have been a ton of active buyers in that … [Read more...]
What you can get for your money in Loudoun County depends on where in LoCo you want to be, and how much house you are looking for. This month, the available homes priced around $600,000 run the gamut, from luxuriously appointed patio homes in the upscale Lansdowne community, to historic farmhouses off the beaten path (and including plenty of … [Read more...]
If you have considered selling this spring, it's one of the first questions you want answered...how long will it take me to sell my house? Of course, there are lots of considerations that play into what your actual time on market ends up being (condition, price, location, just to name a few biggies,) but it's nice to have a visual guideline of … [Read more...]
