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Time for us to do our annual look back on how the luxury real estate market performed in Loudoun over the course of the last year! As home prices have continued to rise, the definition of ‘luxury market’ in Loudoun has adjusted as well. Our average home price rose to $778,048 in 2023, up from…
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We’ve been following the luxury market in Loudoun on our blog since 2010, writing yearly wrap-ups of the most expensive homes sold. (I even wrote about it for the Washington Post’s real estate column.) As the ‘richest county in the country‘ by household income, you’d think that we’d have a large volume of multi-million dollar…
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After a strong 2013 which saw sales rise 21% most of us in the real estate industry were expecting a banner year for 2014. It didn’t quite turn out that way, however a strong fourth quarter has us optimistic for a better 2015. Let’s take a look… Our first chart shows a month by month breakdown of the actual…
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2013 was the year of the seller in Loudoun County as every statistical measure of value in real estate 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 sold homes volume…
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Last week we examined the summer markets in Ashburn, Leesburg, and Sterling. Now it’s time to finish up our review with Western LoCo. The market is always a little different here, many older homes and lots of acreage properties. Let’s take a look… In the last sixty days, 109 single family homes have sold, a 30% jump compared…
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Last Saturday, the Virginia General Assembly passed a new transportation bill (HB 2313) to help fund the states road systems. Part of the package is a 250% increase in the Grantor’s tax, the tax all Virginians pay when they sell a home or business property. About 4 years ago Heather wrote about the reduction of the Grantor’s…