• LoCo’s Top Spots for a Little Fresh Air with Dinner

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    Sometimes on a rainy day you have to have a little fun. Here’s a list of our favorite places to eat outside in LoCo: Downtown Leesburg has a number of excellent choices. Döner Bistro is a little taste of Germany, just don’t expect any utensils. Right next door, MacDowell Brew Kitchen features craft beers brewed on site and is another great spot

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  • How Much House for $500K in LoCo?

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      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 this range

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  • That’s Right I Said it, It’s a Seller’s Market!

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    Around this time last year, Heather wrote a post about the low inventory levels to start the spring market. Well, 380 days later and we are in a smaller boat! Over the last 30 days (as of this afternoon), only 644 new resale listings (non-new construction) have come on the market. Amazingly, 51% (337) of those

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  • Five Guys Coming to Leesburg

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    The Elias clan is big fans of Five Guys, so we are ecstatic to learn a Leesburg location is under construction in the Battlefield Shopping Center on Edwards Ferry Road. I spoke with the corporate office, and was told they are expecting to open in mid to late April. I was also informed a Sterling location

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  • Deals To Be Had in Potomac Lakes?

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    This morning’s market update is for Potomac Lakes, in Sterling. This is the first neighborhood I have researched this spring where average sales price have declined compared to a year ago. Townhome sales are dominating this neighborhood over the last 90 days, with more than double last year’s total of 6. Since December 13,  thirteen sales

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  • What’s Up Doc?

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    Lest you think all I do is write this blog, drink coffee and margaritas, and coach softball, here’s a little update of what I’ve been doing: We put this listing in Purcellville under contract last month, now I’m working to find it’s soon to be former owner a new home in Broadlands. Anyone there with

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  • Hello LoCo… the “Goodbye Tax” is Back (Updated)

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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

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  • 2012 LoCo Market Recap

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    2012 saw an improvement in every measurable area for home sales in Loudoun County. Let’s take a look at the key statistics and see what they tell us. Median sales price for single family homes was up to $533,641, the highest value since 2007 checked in at $644,924. This represents a 2% increase over 2011’s median sales price of

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  • Buying A Home In A Golf Community

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    Home sales in golf communities are strong like in the rest of the country.

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About Our Blog

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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