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Look Back: LoCo Market in 2013

Farm outside of Waterford

2013 was the year of the seller in LoCo as every statistical measure of value increased. A couple of my buyers experienced this first hand with multiple offer situations, but we were still able to find them a home. Probably the most shocking stat was a 21% increase in total sales volume to almost $2.9 billion! That's enough to buy the … [Read more...]

Tis the Season for Sweetz Bakery

Sweetz cupcakes

Last week I stopped by Sweetz Bakery in Leesburg for the first time. In addition to yummy cupcakes, cookies, and other delicious pastries, customers can grab a soup and panini of the day. I had the Thai Chicken Noodle soup and a perfect chocolate chip cookie, just what the doctor ordered to fight off this cold. On Fridays, adult cupcakes are … [Read more...]

Sterling Bucks the Trend in LoCo

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Earlier this week we wrote about the summer real estate markets in Ashburn and Leesburg. Today, we'll take a glance at how things are moving in Sterling, one of the more established towns in LoCo. Over the last two months 108 single family homes have changed hands, only two more than the same time last summer. For a 4 bedroom, 2.5 bath … [Read more...]

Time for Some Fireworks (not talkin’ about the Pizza)

Colorful fireworks over a night sky - EXTRA LARGE

  I know it's a few days early, but some areas of LoCo are starting fireworks this weekend. Here's a list of everything going on over the next week:Saturday, June 29 Brambleton – Brambleton Plaza at 9:30 p.m. with a rain date of June 30 Sterling Park Golf, Swim & Tennis Club at 9:30 p.m. with a rain date of June … [Read more...]

Let’s Have a Brew, or Fourteen…

Photo Jun 26, 11 03 30 AM

LoCo is known as wine and horse country, but if the expansion of local breweries continues we're gonna have to add beer to that list. I prefer the stronger stuff myself, but there are plenty of options for those of you who want something other than what's available at the store. Since 2011, we have seen an explosion of craft brew masters … [Read more...]

Sizzling Start to Summer Sales

frontporchhome-280x200

Summer is almost here and our market tends to take a one week breather as the school year ends. It's a good time to take a look at what has been going on over the last month and see how that compares to last year. Based on what my client's have experienced this spring, the numbers show what I expected. Let's take a look... Excluding new … [Read more...]

LoCo’s Top Spots for a Little Fresh Air with Dinner

Cajun patio

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 Germany, … [Read more...]

How Much House for $500K in LoCo?

Highlands model 3

  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 this … [Read more...]

That’s Right I Said it, It’s a Seller’s Market!

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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...]

Five Guys Coming to Leesburg

Five Guys pic

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 Potomac … [Read more...]