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Rebound? (not a basketball reference)
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I’ve been reading a number of articles in the last few weeks saying the 2012 real estate market is ready for a rebound and thought it was worth a look. Although the LoCo market has not been as adversely affected as others, the numbers do suggest things are on the upswing. Compared to last December,…
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How Much House? For $600k in LoCo..
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Everyone seemed to enjoy my HGTV-inspired How Much House for $400k in LoCo recently, so let’s revisit at a different price point…how much house will $600,000 get you in Loudoun? In Sterling, there are only nine non-short sale homes available that are priced between $575,000 and $625,000…in that price range, you can choose from single…
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The Sharp Pencil
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This is how my Mondays always start at LoCoMusings World Headquarters. A cup of coffee, a sharp pencil, and a clean sheet of paper. I have a million things swirling around in my brain that need to be accomplished this week: business tasks for the contracts and listings I’m working on, ideas to improve…
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How Much House? For $400k in LoCo…
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I love watching HGTV, and one of my favorite shows is What You Get for the Money, where they pick a price point and then show you how much house that would buy you in different parts of the country. It’s appealing, as home styles and values are wildly different depending where in the country…
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More good news for LoCo!
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If only all financial data were trending this way! As you can see from the chart below, the median price for single family homes in Loudoun has increased nearly 10% since the beginning of the year. We see the upward trend continue with condominiums and townhomes, where median price has increased 14% in the last…
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LoCo Neighborhood update: Dunrobin
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While some of the more high profile neighborhoods in Leesburg get a lot of press for being luxury communities, there’s a beautiful little neighborhood tucked just off of Gleedsville Road that I think is heavenly. While I’m not sure if the Dunrobin neighborhood was named for the breathtaking Dunrobin Castle in Scotland, this community is…
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Summer in Ashburn…
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The weather’s hot, and so is the real estate market in Loudoun County, especially in the under $400,000 price range….Even though inventory has risen (thankfully, it was low), median price is steady and days on market has dropped. I’ve been unseasonably busy the last few weeks, and the data matches up. Days on market is…
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State of the Sterling Market
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Yesterday we looked at the market for single family homes in Ashburn. Today, let’s see what’s going on in Sterling. Here’s how the statistical charts look this week: Median price catches my eye right away…that’s a jump of 20% since the beginning of the year! Big movement in this area. Inventory, meanwhile, is…
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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