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Something shifted in the market in the last two months…I can tell you having sales as a listing agent and a buyer’s agent, prices have stabilized, multiple offers are common, and…we’re even seeing *slight* price increases in some areas. Take a look at these charts, the stats don’t lie: Anyone actively working on buying a…
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I drive Sycolin Road between Leesburg and Ashburn every time I go in to my office, and I have to say I’m impressed at the speed at which they are making the road improvements there! I snapped this picture last week, you can see that they have taken out a full lane’s width strip of…
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Let’s take a look at median home price across Loudoun County for this week…starting with the single family home segment in Sterling. Holy cow, look at the increase~~ that’s about a $50,000 jump over the course of a month. At the same time, condo/townhome prices seem to have bottomed and are creeping up a bit.…
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This week in real estate news brought an announcement from the National Association of Realtors that pending home sales were up nationally for the second month in a row. The Virginia Association of Realtor’s latest batch of numbers showed that the median home price had increased 7.8% from the prior quarter. Wow, rising prices, uptick…
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The most recent market report looked at a current inventory of 1403 homes in Loudoun County. For single family homes, the median price was $548,700, while for condos and townhomes the median price was $256,026. As you can see from the chart below, inventory has remained low for single family homes, especially in Sterling. Median…
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According to Living in LoCo, the Virginia Department of Transportation (VDOT) announced today that it will begin paving the last 1.3 mile stretch of gravel road on Sycolin Road in March. Two 12 foot wide lanes with four feet wide shoulders (along with some road straightening and drainage improvements) are set to be completed by…
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We just looked at Leesburg‘s real estate market numbers, based on the data in the multiple listing service (MLS)…now, let’s look at Ashburn. For single family homes, taking out the generic builder listings, there were 140 homes available on the market, ranging in price from a 78 year old farmhouse on Waxpool Road for $299,000…
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Fresh out of the oven at our multiple listing service…the current number of homes for sale in Loudoun County is… 2,266. With 428 homes under contract, that puts the market absorption rate at 5.3 months (the amount of time it would take for all of the homes on the market to sell, at the rate…
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With four kiddos in tow, it’s more than a notion for our family to have a successful trip to the movie theater these days. Considering how many people live in Loudoun County, and how crowded the theaters can get on busy weekends (six seats, all in the same row!) it’s sometimes difficult to make it…