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Look Back: LoCo Market in 2013
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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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How Much House for $600K
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It’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…
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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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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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Changes Coming for FHA Loans
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Our good friend Scott Fournier, of Integrity Home Mortgage Corporation, sent over some news that I thought you might find helpful for your home shopping this spring: The U.S. Department of Housing and Urban Development put out a report detailing upcoming changes to FHA mortgage interest premiums (click here to see the pdf from HUD).…
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Leesburg’s Potomac Station, Another Sizzling Neighborhood
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Continuing our look at the spring market, here is an update for the past three months in Potomac Station. One interesting note, every home sold since December 11, 2012 has been a standard sale. During this time period last year, six of the fifteen total sales were either foreclosures or short sales. Townhome sales in…
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Price Tags in Ashburn Village are Going Up
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Unlike Ashburn Farm, the past three months in Ashburn Village have been a little mixed. The townhome market is a little slower, while the single family market has improved. Interesting to note, the number of distressed sales is down considerably this year, let’s take a peek. Over the last ninety days, 21 townhomes have sold in Ashburn Village,…
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Ashburn Farm is Heating Up
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The market is heating up, so it’s time to let you know what’s happening in some of the busier LoCo neighborhoods. This morning, let’s take a look at the the last three months’ activity for Ashburn Farm. Townhome sales are up 42% compared to this time frame last year (17 vs. 12). Each period included two…
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To Sell or Not to Sell…That is the Question…
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To sell or not to sell, that is the question… I’m sure you have probably heard that the real estate inventory is very low in LoCo. We’re not alone: it’s so low in Nashville a friend of ours wrote they are desperately seeking sellers. This morning, I read a Wall Street Journal article about declining housing inventory and it got me…
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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