loudoun county homes

Northern Virginia’s Exceptionally Strong Housing Market

We’ve said it before and we’ll say it again – Loudoun County is an incredible county to call home.  It just doesn’t get any better than this, literally!  Loudoun County has been repeatedly recognized for being the most affluent county in the country, the best county in the nation, leading the country in population growth, and one of the best places for businesses and homeownership.

Now, in most recent news, InTheCapital reports incredible gains for the DC Metro’s housing market, with emphasis on the Northern Virginia region.  New data from Realtor.com showed that the DC market was one of 10 top metro areas poised to experience “significant growth in home sales” this third quarter of 2014.

As the third quarter wraps up at the end of September, time will tell if these predictions ring true.  And, with the gains we’ve seen just this past year alone, we have every reason to believe the progress will continue!

“Our June data shows monthly inventory picking up in markets already experiencing price increases and fast property turnover.  These dynamics will result in strong home sales and extend the buying season past the usual June/July peak to later in the third quarter,” says Jonathan Smoke, the chief economist at Realtor.com.

When house hunters start their search in Northern Virginia, they’ll be looking for the idyllic new home community to call home – and they’ll find just that with One Loudoun!  Our newly built single-family homes, by both Miller & Smith and Camberley Homes, give homebuyers options when they look for their next space at One Loudoun.

But One Loudoun is more than just a neighborhood with new homes in a great region – our New Urbanist, mixed-use development provides residents with an incredibly convenient, progressive and innovative lifestyle.  One Loudoun has it all –variety of casual and upscale restaurants, a central park, community events, an outdoor amphitheater, and plans for so much more, including expanding retail.  With walkability for our residents in mind, as well as the health of the environment, our community promotes green transportation providing miles of paved walking paths, taking families from here to there.  Everything imaginable is just steps away!

If this sounds like a lifestyle you can imagine yourself living, stop by Experience One Loudoun to learn more!

Source: InTheCapital 

One Loudoun Reaches 100 Home Sales!

Along with all of the exciting things that have taken place over the past year at One Loudoun, we are pleased to announce that we have reached 100 home sales!  Congratulations to all of the builders- Camberley Homes, Miller & Smith, and NVHomes, for your success!  
 
One Loudoun offers a variety of innovative home styles that are exclusively designed for the community, including gorgeous single family homes by Camberley Homes, a brand new single family home series from Miller & Smith – The Downtown Collection, and exquisite townhomes by NVHomes.
 
Miller & Smith unveiled their beautiful new model homes at the Big Reveal earlier this month, and Camberley Homes just released new homesites last weekend.  NVHomes is set to have their new model home Grand Opening on February 16th, 2013.
 
The entire One Loudoun community is being designed with you in mind, and with no detail overlooked.  Each builder in the community offers future residents home designs that fit harmoniously within the context of this mixed-use community.  Ample open spaces are integrated with where you work, shop, dine and socialize to create a balanced lifestyle that will be unlike any other place in Loudoun County.  

Miller & Smith To Reveal New Downtown Collection at One Loudoun!

The Ashburn area is buzzing with anticipation for the Grand Opening of Miller & Smith’s new Downtown Collection at One Loudoun, to be held on Saturday, January 12th, from 11AM to 5PM. These Chicago-inspired new home designs feature modern floorplans and compliment the contemporary cosmopolitan type of vibe that the new mixed-use community of One Loudoun offers. Potential home buyers will be blown away by the magnificent kitchens and spacious great rooms. The new Downtown Collection homes for sale include four bedrooms, two and a half baths, an available sleeping porch, loft, and even a studio over the 2-car garage. New homes are priced from the mid-$500s. If you’re looking for a new home for sale in the Ashburn area, this is a must-attend event! Don’t miss The Big Reveal! (Sales office located at 44592 Stepney Dr, Ashburn, VA 20148).

New NV Model Home Photos

Check out new photos of the NV Model Homes on Facebook! There have already been 38 buyers who selected an NV new home for sale prior to any model openings. Now is the time to take advantage of Pre-Model Pricing before the models open in December. Contact NVHomes to see these beautiful models in person!

Close of 2nd Quarter Shows Strong Loudoun County Housing Market

With both home sales and prices up at the close of the second quarter in 2012, Loudoun County is still showing clear signs of continuous health and growth in its local housing market.  Home sale volume went up by 28% compared with the first two quarters of 2011, according to The Loudoun Newsletter, as well as Loudoun County home prices and home values being on the upswing.  Record-low mortgage rates could, in part, be an explanation for why prospective buyers have returned to the market and are purchasing Ashburn and Leesburg new homes for sale.

The recovery seen in the Loudoun County housing market reflects positive trends that are happening across the country.  According to the National Association of Realtors (NAR), the second quarter showed that home prices rose in metropolitan areas, with the median existing single-family home prices rising in 110 out of 147 metropolitan statistical areas (MSAs) based on closings in the second quarter in comparison with the same quarter in 2011.

“It’s most encouraging to see a growing number of metro areas with rising median prices, which is improving the equity position of existing homeowners, says NAR chief economist, Lawrence Yun. “Some of the improvement in prices is due to a smaller share of sales in low price ranges where inventory is tight.” Yun goes on to say that he expects home prices to continue to increase in even more markets during upcoming quarters. 

Loudoun County Job Growth Means Home Sales Growth

Loudoun County presents an eclectic mix of old and new, and with cutting edge new developments coming to Ashburn, such as One Loudoun, the area is seeing an increase in jobs as well as an increase in Ashburn home sales. Known to be one of the fastest growing counties in the U.S., Loudoun is becoming both a major employment center as well as a breeding ground for new residential communities, which has attracted an increased amount of home buyers to the area.

Virginia as a whole has seen increasing job growth over the last few years, with the unemployment rate in May dropping to 5.6%, down from 6.2% last May, and beating the National average of 8.2%. Home buyers in the area are welcomed into one of the hottest job markets in the country. Loudoun County is home to the Dulles Technology Corridor which has one of the highest concentrations of technology firms in the nation, stretching 25 miles along VA Route 267, promotes the growth of the technology sector and homes to such tech giants as IBM, Lockheed Martin and Oracle. Loudoun also has access to one of the largest internet exchange points in the world which has attracted telecommunication employers such as Verizon Business, At&T, Sprint, and AOL. With the county being close in proximity to Washington, D.C., Loudoun makes an ideal location for government contractors, which are some of the largest employers in the area. Dulles International Airport is only minutes away, helping Loudoun County to become a magnet for transportation, retail and other industry giants. Not surprisingly then, Loudoun County was named in Forbes’10 “Best Places to Get Ahead” as well as Money Magazine’s 25 places “Where the Jobs Are”, AND, according to the Washington Post, has one of the highest median household incomes in the country.

With Loudoun seeing a rise in job growth, the county is also seeing a rise in home sales. Steady upward trends in the housing market are causing home buyers to take advantage of the favorable conditions. Northern Virginia housing market stats show that closed sales in May went up 21.75% from the year-to-year comparison, as well as showing an increase of 22.11% from April to May of this year. The average days on the market in May were down 23.21% from 2011 as well as going down 20.37% since April, indicating that houses are selling much faster this year.

The theme of the current housing market conditions being an “ultimate buyers market” in Loudoun seems to be continuous. With the recent announcement of the average 30-year interest rates now down to a staggering 3.66%, there is even more incentive for home buyers to take advantage of this incredible opportunity and purchase a new home in a growing area such as Loudoun County VA. The general downtrend in both listed homes and the shadow market has contributed to shortage of inventory, and according to the FED’s chief economists, this has contributed to a market that is becoming increasingly more balanced.

Tips for First Time Buyers

Yahoo Real Estate recently posted a few tips for first-time home buyers, listing a few things that could help the process move along smoothly. Beyond knowing the price range and the general location of the potentiall home, there are a few initial steps a buyer should complete before stepping foot in an open house.

The community of One Loudoun has a unique and varied list of homes options, appealing to a wide range of buyers. As Loudoun County continues to grow and attract buyers of all ages, One Loudoun will strive to satisfy the tastes of everyone from the first-time buyer to the nearly retired. Below are a few tips that may help first-time buyers during their home search.

Basic Initial Steps:

-Understanding your household budget and finances. This almost seems too basic, but sometimes not everyone is aware of each dollar coming in and out of the household bank accounts, so getting a clear picture of your financial situation is crucial.

-Use your most immediate resources – family and friends. Many times the best connections to lawyers, realtors, and inspectors come from recommendations by those close to you.

-Research your market and know what to expect. There’s nothing that could stop a home buying process dead in its tracks quite like the slap of disappointing reality onset by unrealistic expectations. The quality and prices of homes could vary from neighborhood to neighborhood, even block to block. Some basic online research will set realistic expectations from the start.

Tips from Yahoo Real Estate:

1. Buying a home can mean building significant value through the years.
2. Think carefully about how much you can afford to spend and consider borrowing guidelines like those used by Fannie Mae.
3. Pre-Qualifying with your lender is a good way to determined how much house you can afford.
4. You will need cash for a down payment and closing costs. Generally speaking, the higher the down payment, the lower the interest rate and monthly mortgage payment.
5. In addition to your mortgage payments, you will also need to consider the other costs of home ownership. Schools, taxes, services, crime rates, transportation, and zooming are important considerations when selecting a neighborhood.
6. Brokers usually represent the seller, but they can be valuable sources of information for buyers as well.
7. Remember to consider resale value when buying your home.

Most Affordable Home Buying in 20 Years

Record mortgage rates and incredible pricing opportunities have created the most affordable climate for home buyers in over 20 years. This is backed by data compiled into an “affordability” index by the National Association of Home Builders and Wells Fargo. This index measures the percentage of homes sold during the previous 3 months that could have been afforded by households that earn $64,200, which is the national median income. Currently the index is at 75.9%, which is the highest affordability level it’s been in 2 decades, and is also higher than the previous calculation from 3 months prior (72.9%). Of course some areas of the country have even greater affordability than others. For instance, parts of Ohio have an affordability index of 95.1%, but generally areas that sit this high on the index were the ones hit hardest by the economic downturn. The National Association of Home Builders/Wells Fargo index measures both new and existing homes affordability, and is an excellent indicator on the stability of the real estate market.

Also Piggybacking on the news of this affordability index has been this week’s new home sales reports. The Census Bureau reported that January’s new home sales have exceeded initial forecasts, reaching an annual rate of 321,000 according to CNNMoney.com. This increase in new home sales, as well as recent pickups in new home starts by home builders, is further indication of a climbing market. With all of these factors in place, the pace of January’s new home sales actually hit its highest point since home buyer tax credit program of 2010.

One Loudoun is successfully kicking off 2012 with a variety of beautiful new homes for sale, and the with favorable buying conditions nationwide the time to purchase a new home has never been better! Our modern and sophisticated community located in the heart of the nation’s most affluent county is the hottest thing to hit the DC area since cupcakes. We invite you to stop in or contact us for more information on One Loudoun, Loudoun County’s NEW downtown.

Why You Should Consider Living in Loudoun County VA

Loudoun County, Virginia is one of the fastest growing counties in the entire country, and with good reason. Loudoun County offers close proximity to Washington, D.C. as well as a low unemployment rate, excellent schools and a wide array of great cities and towns to live in. Boasting some of the nation’s finest amenities and a robust economy, Loudoun County is a fantastic place to live for those considering relocating to the Washington, D.C. metropolitan region.

Loudoun County boasts exceptionally strong real estate values as well as affordable home prices and a modest cost of living. The county’s housing inventory is very diverse, and new homes communities such as One Loudoun have answered the call to provide gorgeous homes to the growing population. While the county has grown the real estate prices have remained strong, even in the midst of tough economic times. Those seeking an affordable place to live in a healthy, stable real estate market should look no further than Loudoun County.

The county has an extremely strong economy and a vibrant labor market. Its unemployment rate is just 3.9%, the second lowest in the entire state of Virginia, and among the lowest regions in the nation. Employment opportunities in and around Loudoun County are plentiful, and include sectors like government, healthcare, education, media, retail, business, finance and many more. In addition, Loudoun County offers short commutes to Washington, D.C., making it a prime location for workers in the District of Columbia and nearby cities. The county is also renowned for its affluence and economic opportunities, boasting the highest median household income in the entire United State, approaching $120,000.

Loudoun County offers outstanding public and private schools, with the Loudoun County Public Schools district being praised for its academic excellence and efficiency. The county also boasts great roads and public transportation options. Loudoun County is within short driving range of Washington Dulles International Airport, Reagan National Airport, Baltimore-Washington International Thurgood Marshall Airport and Leesburg Executive Airport, and also offers the Loudoun County Commuter Bus service. The county is known for its safe neighborhoods and abundance of outdoor recreational opportunities. Hiking, biking, fishing, boating, water sports and other activities can all be done with ease in Loudoun County.

With its world-class amenities, thriving labor market and close proximity to Washington, D.C., Loudoun County is one of the top places to live in the United States. Those in search of a safe, affordable place to launch a career, retire or raise a family should strongly consider this county. Whether you’re looking to commute to your new job in the nation’s capital or just want a great community to live and work in, Loudoun County is the place for you.