real estate

New Foreclosure Listing in Potomac Woods section of Sterling

This Toll Brothers Philmont model is a bank foreclosure that is in good shape. The kitchen is upgraded with granite countertops, cherry cabinets and stainless steel appliances (there is no refrigerator). It has a two story foyer and family room. It has 5 bedrooms upstairs with 3 full baths and another bedroom in the basement along with a full bath. There is a nice deck off the back. The basement is a walkout. The carpet needs to be professionally clean in some high traffic areas. The list price is $629,900. Give Tony Arko a call if you have any questions at 571-238-6882 or send an email to tonyarko@gmail.com

real estate

1st Annual Dulles Home Fair on June 13th

The 1st Annual Dulles Home Fair will take place on June 13th at the Embassy Suites on Waxpool Road.  The Dulles Area Association of Realtors holds their Expo the day before and this year a second day was added just for the benefit of the public.  I encourage anyone interested in real estate topics come to the fair.

real estate

21792 Mornington Cresent Terrace

Located in the Peace Plantation subdivision of Sterling, this 1 car garage townhouse is the largest model in the entire area. That is because it has the double bumpout option on all three levels. The square footage of the house is well over 2500. There are also brand new wide plank hardwood floors on the main level. The master suite is huge because of the bumpout on the top floor. This listing will probably sell fast because of three things - the size, the condition and the price.

real estate

Go to Loudounstats.com for Loudoun County Real Estate News and Statistics

Since November of 2006 I have been writing a blog about Loudoun County Real Estate called Loudounstats.com . It has been my primary communication tool for reaching the general public regarding Loudoun County real estate. It is written mainly as a statistical blog and has a lot of graphs and charts that illustrate what is happening in the local real estate market.

Although I am a full time real estate agent that has sold over 280 homes in Loudoun County, I rarely, if ever, promote or advertise my real estate business on Loudounstats.com . It has remained an information resource for homeowners, homebuyers, writers and other parties interested in news about the Loudoun County Real Estate market. If you aren’t reading Loudounstats.com, please head over there and sign up for the RSS feed or email subscription.

CompleteHomeRE.com will be more focused the business of buying and selling real estate, including advertising the properties we have for sale, searching the MLS for listings, keys to saving money on transactions, listings techniques, etc. I will continue to keep these two blogs separate for the foreseeable future. Thanks for stopping by and I look forward to any comments or suggestions you might have.

real estate

Loudoun County Real Estate Prices

Contrary to what you read and hear regarding real estate prices on a national level, prices in Loudoun County have been trending upward during the first four months of 2009.  The following graphs shows the prices of resale homes in Loudoun County have risen 8% from the December levels.

There is also a significant uptick in April prices which is exactly the opposite of what occured in April of last year when prices dropped 19,772 from March levels.  The April numbers are an estimate based on the current list price of the 352 homes already sold in April and a 97% sales price to list price which has been the rate for the last 6 months. 

And while this is definitely an encouraging trend, I anticipate the prices will start to move down again because of the recent lift on the foreclosure moratorium that has kept hundreds of foreclosure properties off the market during the last six months.  Look for those levels to increase going forward. 

And unlike others who report foreclosures levels dropping dramatically, I don’t think this will be the case going forward as the economy continues to shed jobs.  Prices here will fare better than anywhere else in the country but will probably languish as the overhang of supply from abandoned and vacant houses hover over the marketplace.

real estate

Ashburn Village Townhouse Coming Soon

I have a new listing that will be coming on the market in the next week.  It is a 1-car garage townhouse in Ashburn Village across the street from the Sports Pavilion.  The owners have done a lot to get the home ready and are waiting for some exterior work to be completed before they formally list it.  Here are some pictures of the interior.  They have painted the entire interior and replaced all the carpeting.  They have also upgraded the two bathrooms upstairs.  Let me know if you would like further information or a private showing.