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Time for a market absorption rate update for Ashburn, Leesburg, Hamilton, Purcellville, and Round Hill. Based on data from our multiple listing service this morning, here are the current absorption rates for the towns and home types: (Market absorption is the number of months it would take for the current inventory of homes to sell…
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What’s Happening with the Builders in Loudoun? I’ve noticed a few items in the news recently regarding builders in Loudoun County, obviously feeling the effects of the real estate market slowdown. Wanted to share…please comment with anything you have noticed with regards to builders here and their reaction to the market climate! First, KB Home…
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Took a quick peek to see what has been happening with listings and contracts around Loudoun County; based on today’s numbers, here is how it looks: Ashburn: Single Family Homes: 268 active, 43 under contract = 6.23 month absorption Townhomes: 228 active, 82 under contract = 2.78 month absorption All Listings: 563 active, 136 under contract…
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After a decade of dedication and hard work, the Franklin Park Performing and Visual Arts Center will open on February 2nd, with an opening program from 2 to 5 p.m. Built on the foundation of a dairy barn, the center was constructed at a cost of $4 million. The effort was originally started by a…
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Finally, we got a decent snowfall in Loudoun County this winter! The snow fell in huge clumps, like mini-snowballs from the sky. Although the school-age kids (mine included) were griping that they didn’t get out early on Thursday, I saw plenty of them out sledding until dark. Lots of snowmen, too, it was good packing…
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Don’t despair! Contrary to rumors, there is still, in fact, new construction taking place in Loudoun County this year! This picture was snapped just yesterday morning in the Village Case neighborhood in Purcellville, Virginia. All is not lost for our local real estate market! (Yes, I’m being sarcastic!) Good to see that we still have…
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Village Case is a new community under construction in Purcellville, Virginia. The design of the community is set to feel like a traditional neighborhood: brick sidewalks, wide front porches, homes at the front of the lot. Homes set close enough together that you really have a sense of neighborhood. Detached two car garages sit behind…
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Last weekend, the town of Purcellville held its’ holiday celebrations on Saturday, which included Breakfast with Santa and Mrs. Claus, a model train display, ornament making classes, and the town Christmas parade. Mayor Bob Lazaro just posted a short video show with highlights from the day. It can be viewed at: http://www.youtube.com/watch?v=Bt3Xe3xVNYI Looks like a…