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After a strong 2013 which saw sales rise 21% most of us in the real estate industry were expecting a banner year for 2014. It didn’t quite turn out that way, however a strong fourth quarter has us optimistic for a better 2015. Let’s take a look… Our first chart shows a month by month breakdown of the actual…
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Located in Sterling between Route 7 and the Algonkian Regional Park, Potomac Lakes is a community of single family homes and townhomes built between 1989 and 2002. We know this area well having spent countless weekends on the softball fields at Potomac Lakes Sportsplex. Let’s take a look at last year’s real estate market here… Potomac Lakes…
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One of our more popular neighborhoods in Loudoun County, Beacon Hill has typically had at least one entry every year in our most expensive homes sold series. Let’s take a look at the 2013 real estate market for Leesburg’s premier luxury community: There are two types of home sites at Beacon Hill, estate lots up to…
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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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I keep checking inventory levels hoping to see more homes available on the market in Loudoun County. It’s nearly April, the grass is turning green, the bunny rabbits have already snuck in and eaten my crocuses (croci?)…so where are the homes to sell?!? The charts below show inventory levels first for single family homes, and…
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The one question that I get asked on a daily basis is ‘how’s the market?’…I took a look at the eastern part of Loudoun County earlier, so here, we are going to look at how real estate in the western towns is faring. Median price seems to be on the upswing everywhere except Lovettsville, while…
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I posted last week on LoCo Musings and LoCo Market Stats analyzing how much of our active real estate market in Loudoun is currently made up of ‘distressed’ sales, meaning short sales or foreclosures. What I found is that it varies depending where in the county you are, and also what home type you are…