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How Much House for $500K
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The real estate market is always a little slower this time of year, but there is still a bit more activity than normal. If your target budget falls around $500,000, you have exactly 69 homes for sale to choose from in ALL of Loudoun County right now. (As of this morning, counting all non-new construction homes active
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Looking for Something to do in LoCo this Month?
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Here’s a list of upcoming events for LoCo this month: Reading Between the Wines: Wednesday, April 10, the Loudoun Literacy Council is hosting an event at the Sunset Hills Vineyard to support their programs throughout LoCo. Our great friends Chris & Melissa Bugaj, authors of Night Light Stories, will be taking part, stop by and say hey
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Big Selection in the Luxury Market
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Every day I search the multiple listing service looking for something that sticks out. Sometimes it’s a neighborhood that’s really active, others it is a price point which is unusually quiet. Poking around this morning, I found there are 42 existing homes for sale over $2 million in LoCo (10 yet to be built new construction are
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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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LoCo Luxury Homes…Still Selling
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Back in January, I wrote a post about the luxury market in Loudoun, the $1 million-plus homes, that also ran in the Washington Post’s real estate blog. At the time, I pointed out that the luxury market seemed to be rebounding, with the overall number of million dollar homes sold rising from 50 homes
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LoCo Market Update: Blue Skies and Sunny
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I wouldn’t go so far as to call the local real estate market loco…but it has been a completely different experience than 2011. Based on the May numbers released by MRIS, the multiple listing service that Realtors use here, our Loudoun sold dollar volume for May 2012 was $222,570,219, up 30.71% from May 2011. At
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What I Love About Western LoCo
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Because this little corner of the web has much to offer in the way of Loudoun photographs and thoughts on living here, I often hear from folks who are considering a move. Last week, I spoke with a couple that are thinking about Purcellville and western Loudoun for their next abode; they would be moving
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Here Come the Listings?
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If you’ve been reading the posts here for the last couple of months, you’ve heard me repeat over and over that we do not have a lot of available homes for sale on the market here in Loudoun. Given that we are now in the first week of March, we should be hearing the stampede
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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