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How Much Home for $500K in LoCo, Sept 2014
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It’s been a while since we wrote about what you can get for your money in LoCo so let’s take a look. On May 21st there were 1346 total homes on the market with 84 in the $500,000 price range. Today, if you are searching in the $500,000 price point, you have 119 of the 1706 total homes currently…
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How Much Home for $400K, June 2014
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It’s not unusual for this segment of the market to be the most active, however 40% more listings than the next closest price range is kind of surprising. If you are searching for a home in the $400,000 ball park, you have 178 of the 1548 total homes currently on the market from which to choose. (As shown in the…
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LoCo Update: Midyear Luxury Report
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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…
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How Much Home For $300K in LoCo, May 2014
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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…
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How Much Home For $500K in LoCo, May 2014
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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…
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Slow Rising Tide in LoCo
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A month ago we wrote about how few listings there were on the market, 660 non new construction homes to be exact. Here we are one month later and we’ve only climbed to 835 on the multiple listing service. How did we get there? 680 homes have been listed since February 26, with 251 of…
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This LOL Doesn’t Come With a Smile (Lack of Listings)
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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…
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What You Can’t Get in LoCo Today
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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…
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2013 Year in Review: Greenway Farm
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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…
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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.
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