All about life and real estate in Loudoun County, Virginia
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...]
Here's a list of upcoming events for LoCo this month: Reading Between the Wines: Wednesday, April 10, the Loudoun Literacy Council is hosting an event at the Sunset Hills Vineyard to support their programs throughout LoCo. Our great friends Chris & Melissa Bugaj, authors of Night Light Stories, will be taking part, stop by and say … [Read more...]
Our good friend Scott Fournier, of Integrity Home Mortgage Corporation, sent over some news that I thought you might find helpful for your home shopping this spring: The U.S. Department of Housing and Urban Development put out a report detailing upcoming changes to FHA mortgage interest premiums (click here to see the pdf from HUD). Annual … [Read more...]
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...]
To sell or not to sell, that is the question... I'm sure you have probably heard that the real estate inventory is very low in LoCo. We're not alone: it's so low in Nashville a friend of ours wrote they are desperately seeking sellers. This morning, I read a Wall Street Journal article about declining housing inventory and it got me … [Read more...]
Here are this week's news, notes, and nuggets: Here come the Feds?: In an effort to attract the FBI's new headquarters, the Loudoun County Department of Economic Development submitted a proposal with 8 different sites. This would be a coup for the county, and a boost for the real estate market as 1100 employees may need to find a new … [Read more...]
Elysium is the ancient Greek concept of the afterlife reserved for the righteous and the heroic. Village Green at Elysian Heights, with it's views of Catoctin and Sugarloaf Mountains, does a great job of living up to its name. Located just off of Route 15, north of Leesburg, 1300 acres of conservancy land protect the rural setting. … [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...]
