All about life and real estate in Loudoun County, Virginia
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...]
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...]
CNNMoney has released its Best Places To Live 2012 list. The annual survey is based on data from Onboard Informatics. Using Quality of Life factors such as education, crime and "town spirit", and focusing on towns with between 50,000 and 300,000 residents, this year's survey ranks the country's best mid-sized cities. To be eligible for … [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...]
Because this little corner of the web has much to offer in the way of Loudoun photographs and thoughts on living here, I often hear from folks who are considering a move. Last week, I spoke with a couple that are thinking about Purcellville and western LoCo for their next abode; they would be moving from Maryland. With a free Saturday to come … [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...]
