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Now I’ve Seen Everything
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I’m sure you are just as frustrated with our stinkbug infestation as I am. Could not believe it when I went to get gas yesterday, and saw this on the display… Yep, that little sucker is on the inside of the display. I’ve found them in all sorts of odd places, but this one
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Inventory Checkup For Loudoun
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So it’s mid-May and the inventory still feels low to me; thought it would be worthwhile to look at where our inventory levels really sit for Loudoun. As always, keep in mind the condo line includes townhomes as well… Looking from the first of the year forward, it doesn’t look like we’ve gained much inventory
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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
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Still Cool For Now
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It never fails…if we get a stretch of warm weather, the real estate market warms up a notch as well. I know we’ve only really had one day of warmer weather so far, but I’m an optimist, and I am soooo ready for spring to get here! Have you started thinking about the spring real
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Stressed, or Distressed, or Both?
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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
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Taking LoCo’s Pulse
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The biggest question in Loudoun County real estate lately is “how are short sales and foreclosures affecting our market?”. I crunched the numbers (directly from Metropolitan Regional Information Systems, our multiple listing service) this morning to see how much of our homes for sale qualify as distressed, meaning short sales or foreclosures, versus ‘normal’, or
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One Square Foot in LoCo…
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The last time I took a look at median price per square foot in Loudoun County was back in March. Since then, it’s gone from a one year low of $157 a square foot to the current level of $160 a square foot. That movement would account for a price swing of $6,000 on a
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Wait, There’s No Crash?
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I was concerned that we were going to see another dip in home prices in Loudoun County following the end of the first time homebuyer tax credit, because the buyer demand that came right before the deadline caused prices to rise pretty much across the board in April. The chart above shows median pricing for
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So Kincora Got Approved…
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…at least, the development around the ballfield did. The ballfield was already approved. Obviously this is a huge project, so I’ve had a few people ask me what I thought of it. Here’s the recap of the project, as best I can determine: Kincora is a $2 billion, 336 acre multi-use development, located in Sterling
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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