All about life and real estate in Loudoun County, Virginia
Sometimes on a rainy day you have to have a little fun. Here's a list of our favorite places to eat outside in LoCo: Downtown Leesburg has a number of excellent choices, beginning with the Cajun Experience. We've had lot's of delicious lunches here and they have live music just about every weekend. Döner Bistro is a little taste of … [Read more...]
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...]
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...]
The Elias clan is big fans of Five Guys, so we are ecstatic to learn a Leesburg location is under construction in the Battlefield Shopping Center on Edwards Ferry Road. I spoke with the corporate office, and was told they are expecting to open in mid to late April. I was also informed a Sterling location will open this September in the … [Read more...]
This morning's market update is for Potomac Lakes, in Sterling. This is the first neighborhood I have researched this spring where average sales price have declined compared to a year ago. Townhome sales are dominating this neighborhood over the last 90 days, with more than double last year's total of 6. Since December 13, thirteen sales … [Read more...]
Lest you think all I do is write this blog, drink coffee and margaritas, and coach softball, here's a little update of what I've been doing: We put this listing in Purcellville under contract last month, now I'm working to find it's soon to be former owner a new home in Broadlands. Anyone there with 4 bedrooms and a nice yard thinking of … [Read more...]
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...]
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 by popular demand, here are the top 5 most expensive homes sold in LoCo during 2012. Compared to 2011's top seller at $4.5 million, this past year's winner was in another stratosphere! Money can't buy you love, but it can buy you fantastic properties in LoCo. 16775 Whirlaway Court, Leesburg: $2,000,000 Sold by Iris … [Read more...]
