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How Much House for $600K

Woodlea Hills homeIt’s the beginning of June (last week of school too, yahoo!) and inventory in LoCo is still low. If you are searching in the $600,000 price point, you have 58 of the 893 total homes currently on the market from which to choose. (As shown in the multiple listing service this morning, excluding all new construction.) Considering 257 homes sold in this range last year, we have about 12 weeks worth of inventory. If you were ever considering selling, now is the time to schedule a consultation and consider your options.

What’s out there? Let’s take a look:

  •  Ashburn: 11 homes. All eleven homes here are single family, although I would have been slightly surprised if there were any townhomes. Averaging 4 bedrooms and 3.5 baths, most are on a quarter acre and have been on the market for less than 37 days. The largest home is in Brambleton, at 3534 square feet, and is only three years old.
  • Leesburg: 10 homes. Three townhomes in Lansdowne top the list, the largest of which is over 4000 square feet. You get a little more bang for you buck here too, as most of these homes have 4 full baths.  If you want a little land, there is a 96 year old farmhouse situated on 17 acres near Lucketts that could be divided into three properties.
  • Sterling: 8 homes. One townhouse in Lowes Island, the rest are single family homes in the Cascades/ Algonkian Parkway area. Four of the homes sit on more than a quarter of an acre, the largest of which is .37 acres. All but one home has 4 bedrooms and 3.5 baths, and the average age is just under 19 years.
  • South Riding: 7 homes. All single family, four of which have come on the market in the last week. From 2700 to 3500 square feet, all but one have at least three full baths and finished basements. The largest lot is .35 acres on a horsehoe and comes with a trampoline and swing set.
  • The rest: 22 homes. One home in Stone Ridge, the rest are scattered throughout Western LoCo. As you would expect, all but two of the remainder are on 3+ acre sites. The investor could have a rambler on 54 acres near Short Hill which can be subdivided into ten lots. My favorite an historic home in Philomont that was built in 1840 and has been completely restored and updated.

Shopping now and need a good buyers’ agent? Let’s talk. I’d love to help! Please feel free use the Search for Homes feature here, or if you are ready, Schedule a Showing. (You can also call me at 571-233-5495, if you would prefer.)

Cheers,
Mike

Here’s a sampling of what’s available today:

[idx-listings linkid=”325173″ count=”5″ showlargerphotos=”true”]

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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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