Categories for Market Data for Loudoun County

Market Update for Loudoun

The Dulles Area Association of REALTORS® released their February market report and here are the highlights. The Median Sales Price was $628, 306,  up 7% from this time last year.  This is on top of the 16% increase we had in February of 2021.  Just to put it in perspective, ...

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Billion Dollar Challenge

We did it!!! Our team has closed over ONE BILLION DOLLARS in residential real estate. Our team has helped 2,543 families during our billion dollar challenge! This is such a good feeling to know that we have helped so many! In February 2019, Eric Pearson, the President of Pearson Smith ...

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What is Causing the Demand?

Over the last two years we have seen the demand for homes continue to increase.  According the the Virginia REALTORS® Association, our inventory in Virginia has ranged from 25%-45% less inventory than previous years. But what is causing this demand? There are several reasons:  Babyboom According to the latest census, ...

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Loudoun Market Update

  Here is a quick snap shot of what happened in August of 2021 compared to August of 2020.  Prices were up around 9% and average days on market was 13.  The most shocking statistic is the Months of Supply – is was under 1 month of supply.  A balanced ...

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2021 Housing Predictions

The housing market is going strong and will continue to do so in 2021 and beyond. None of us predicted the surge in sales the second-half of 2020. Many of us agents thought our businesses were going to take a huge hit and plenty of sellers would put their moving ...

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Q3 Housing Stats in LOCO

Here is a quick little snapshot of the housing market in 3rd Quarter for Loudoun County.  No surprise that home prices are up 8% from this time last year and that the average days on market is 19 days. Mortgage rates remained at historically low levels throughout the 3rd quarter ...

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What is Happening?

Are Homes Selling Right Now? Lots of people are asking me what is happening with real estate because of the pandemic.  Well, in short, homes are still selling.  Do we have even less inventory than normal?  Yes. However, buyers that really need somewhere to live, are still out there looking ...

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CountrySide Regal Update

It has been awhile since I  heard anything regarding the proposed Regal condominium development (Sterling Meadows), so I reached out to Andy Brown with Stanford Properties, LC. Andy was happy to share these updates: The Loudoun County Planning Commission approved their application back in December and now they are waiting to ...

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CountrySide Market Stats for 2019

CountrySide continues to be a highly desired community with a thriving real estate market.  CountrySide is one of the more affordable communities in Loudoun County and features great amenities with low HOA fees and is located near the major roadways such as Route 7 and Route 28.  It also just ...

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