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Media Catching on to Market Change? Nope.
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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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LoCo Update: Sterling is Hopping!
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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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LoCo News and Notes
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Just thought I’d give you a smattering of what’s been newsworthy in LoCo lately: Biggest news of all is of course the funding approval of the Metro rail extension into Loudoun County. The silver line will extend from the West Falls Church metro and head through Tyson’s Corner, stretching to Dulles Airport and ending in…
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Equity Homes Land Holdings Update
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I was perusing the ‘legals’ section of the Leesburg Today from January 30th (the Leesburg Today is the ‘paper of record’ where all legal notices must be published for this area) and came across asubstitute trustees sale for three parcels, containing about 163 acres. From the looks of it, there are three parcels of land…
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Purcellville and Loudoun County Reach Agreement for Woodgrove High!
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According to the Loudoun Extra section of the Washington Post, the Purcellville Town Council and the Loudoun County Board of Supervisors have finally reached an agreement that will allow the construction of a new western high school to proceed, and open by fall of 2010. You can read the article for all the details, but it looks…
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Loudoun County Market Update for Oct 2008
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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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The Market is Changing…for the better.
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I bring statistics to my posts here at LoCoMusings on a fairly regular basis, but today I want to bring you my personal experience. We’ve heard about the housing crisis in the media, at a fever pitch, for the last year. (Anyone who watched the Ice Age movies? “Doom on you! Doom on you!”). Really,…
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Purcellville tidbits: Transportation Plan workshop; Centennial Celebration; Dinner and Dance
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The town of Purcellville is holding the 2nd public input session on the Townwide Transportation Plan from 12 to 3 on Saturday, June 14th at the Town Hall (130 E. Main Street). At the top of each hour they will do a short presentation on the progress of the project, and attendees will have a…
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Gruto’s Ice Cream in Purcellville…Yum!
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Following their fantastic victory on Saturday, my daughter’s softball team convened for an after game celebration at Gruto’s Soft Serve Ice Cream in Purcellville. It’s the first time we had the pleasure of going there; it’s located right on Main Street, just past the blinking light on the right. The servings were generous, the toppings…
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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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