All about life and real estate in Loudoun County, Virginia
We've been taking a look at activity in a few LoCo neighborhoods, today we'll take a look at one of the more unique areas of Loudoun, Purcellville. In reviewing sales here we need to delve a little deeper, consideration must be given to acreage, age, and condition. Four townhome sales (three in Purcellville Ridge and one in Main St. … [Read more...]
Since late-2011, home values have climbed in many markets across the country. The government's Home Price Index puts the increase at +3.7% an annual basis, and the National Association of REALTORS® shows home sale prices up 11% since last year. The price at which a home sells is determined by the economic force of supply-and-demand but … [Read more...]
If you have considered selling this spring, it's one of the first questions you want answered...how long will it take me to sell my house? Of course, there are lots of considerations that play into what your actual time on market ends up being (condition, price, location, just to name a few biggies,) but it's nice to have a visual guideline of … [Read more...]
We haven't taken a look at Sterling in 6 months so it was time to check in. While the market here seems to be a bit more volatile than the rest of the county, there is a trend worth mentioning. In 2010 and 2011 the highest median price for single family and condo/ town homes occurs in the August September time frame. In addition, over the last … [Read more...]
This week in real estate news brought an announcement from the National Association of Realtors that pending home sales were up nationally for the second month in a row. The Virginia Association of Realtor's latest batch of numbers showed that the median home price had increased 7.8% from the prior quarter. Wow, rising prices, uptick in … [Read more...]
