Categories for Market Data for Loudoun County

LOCO Sept Sales Stats

Detailed Charts of the LOCO housing stats from September are here. Here is what you need to know. – Median Sales Price – there were no drastic price drops. Most areas are still above where we were this time last year and in the areas where prices are lower, it ...

More Homes Available Now

Want To Buy a Home? Now May Be the Time. There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has ...

Countryside Homes Up 10%

For the 2nd quarter of 2022 in Countryside, on average, home prices are up 10% from this time last year. We anticipate that prices will level off (not drop) and get back to pre-pandemic appreciation averages of 3-5% / year. But are you worried about what the potential recession ...

Recession Does Not Mean Housing Crash

All of the headlines are talking about a recession and for many of us, we fear that must mean a housing crash as well. Fortunately, the experts say this is not the case because what caused the crash in 2007/2008 is not what is happening in our current market. History ...

Experts Say This Isn’t A Bubble

2 Reasons Why Today’s Housing Market Isn’t a Bubble You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real ...

Recession and Housing

What Caused the Housing Crash 15 Years Ago? Back in 2006, foreclosures flooded the market. That drove down home values dramatically. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures. ...

Developments in Cascades

Update: Public Hearing for this community is being held on May 11, 2022 at 6 PM Loudoun County Government Center, First Floor, Board Room 1 Harrison Street, SE., Leesburg, VA 20177 *Update 4/2/2022 – I just wanted to clarify that these ‘condo’ style homes will be considered townhomes with fee ...

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, ...

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 ...