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Market Update: Leesburg, June 2014

King Street in Leesburg

It's the first week of summer and the end of the spring market. Let's take a look at how Leesburg's market fared during our busiest selling season... The chart above shows the total number homes sold by zip code in Leesburg. May marked the third straight month where volume has been down compared to 2013 with 33 fewer homes sold. There were … [Read more...]

LoCo Update: Midyear Luxury Report

front 5

We currently have a beautiful home for sale on Black Gold Place in Beacon Hill. The list price is $849,000 and as we have been updating our clients on the market activity one thing is clear, the pool of buyers seems to have shrunk! So far this year, 54 homes have sold between $800,000 and $999,000. Two key points: They spent between … [Read more...]

How Much Home For $300K in LoCo, May 2014

Candlewick_00-225x300

Last week when we wrote about homes in the $500,000 price range there were 1346 active listings. Here we are a week later and 45 more homes have hit the market. If you are searching in the $300,000 price point, you have 87 of the 1391 homes currently on the market from which to choose. (As shown in the multiple listing service this morning, … [Read more...]

How Much Home For $500K in LoCo, May 2014

Log cabin in Waterford

Since we last wrote about this, the number of homes for sale in Ashburn, Sterling, and Leesburg have doubled while the rest of LoCo has stayed constant. If you are searching in the $500,000 price point, you have 84 of the 1346 total homes currently on the market from which to choose. (As shown in the multiple listing service this morning, … [Read more...]

This LOL Doesn’t Come With a Smile (Lack of Listings)

Broadlands home

Two weeks ago I wrote about the lack of homes on the market, and it got me doing a little more digging. About two years ago Heather wrote something similar for the Washington Post. It's scary to see how close the numbers are: Ashburn Village:  18 now/ 20 then Ashburn Farm: 12 now/ 13 then Broadlands: 10 now/ 20 then Brambleton: 30 … [Read more...]

What You Can’t Get in LoCo Today

Snowpocalypse!

Don't know about you, but we've had enough of the polar vortex! March is three days away and it's time to get on the ball fields. All this cold weather is certainly having an affect on our real estate market too, let's take a look at what isn't for sale in LoCo... Over the last month we've written about what you can get at the various price … [Read more...]

2013 Year in Review: Greenway Farm

King Street in Leesburg

There must be something special about living in the southwest part of Leesburg. That's my only explanation for the sparse activity in each of the neighborhoods here, including Greenway Farm. Despite over 400 homes it's odd for more than twenty to sell in a year. The 2013 real estate market was a bit more active than normal, lets take a … [Read more...]

2013 Year in Review: Village Case

Village Case neighborhood

Thought it was time to see how the 2013 real estate market fared for Village Case in Purcellville. Last year we had the privilege of selling the first home built in the neighborhood, sorry to see Rob go but happy for his new start. Let's take a look... The typical home in Village Case has 4 bedrooms, 3.5 baths, 2465 square feet and is … [Read more...]

2013 Year in Review: Country Club

Country Club Drive home

Another LoCo neighborhood near and dear to my heart, Country Club is home to many friends from my time at Westpark Golf Club. With an eclectic mix of home styles and sizes, it's not unusual for there to be a $150,000 swing in price from one house to the next. Let's take a look at how the real estate market fared here in 2013... There are so … [Read more...]

2013 Year in Review: Potomac Lakes

Sterling townhomes

  Located in Sterling between Route 7 and the Algonkian Regional Park, Potomac Lakes is a community of single family homes and townhomes built between 1989 and 2002.  We know this area well having spent countless weekends on the softball fields at Potomac Lakes Sportsplex. Let's take a look at last year's real estate market … [Read more...]