new homes for sale ashburn-leesburg

MARCH 2013 PROGRESS UPDATE FOR ONE LOUDOUN

Is it already March? It seems as though the last couple of months have just flown by- especially with everything that is taking place at the new mixed-use community of One Loudoun!

The Alamo & Fresh Market: Construction has quickly been progressing at One Loudoun’s Downtown, with the office/retail buildings well on their way and over 100,000 square feet of space already leased or LOI signed. In addition, it won’t be long before the Ashburn community will get to enjoy dinner and a movie at the Alamo Drafthouse Cinema, which is scheduled to open May 3, 2013- just in time for the premier of Iron Man 3! Site work has begun on The Fresh Market, with the foundation already poured and masonry to start next week. The Grand Opening of this European style market is slated for October 2013.

The BallPark: There is more good news involving the proposed BallPark at One Loudoun. Following the public hearing held on February 19th, the new BallPark has since received preliminary approval from the Loudoun County Planning Commission, with the next step being to hold a public hearing in front of the Board of Directors. Continue to show your support for the BallPark, and visit http://www.oneloudounballpark.com/index.php/hearing/ to help bring both professional baseball and soccer to One Loudoun and your hometown!

New Homes Construction: There have been 130 homes sold so far at One Loudoun, with quite a few residents already moved in, and continuous construction of new homes taking place. Potential home buyers looking for new homes for sale in Ashburn will find a variety of innovative home styles provided y some of the nation’s premier home builders and exclusively designed for the new home community of One Loudoun. Coming up this Saturday, Miller & Smith will be revealing their new Central Park West Townhome Collection at their VIP Preview Opening this Saturday, March 9, 2013.

Continue to follow One Loudoun on all of our Social Media Networks- including Facebook, Twitter, Pinterest, Flickr, Google+, and YouTube to stay current with everything that is going at a the new mixed-use community of One Loudoun- there is still so much more to come!

CEO of Miller and Smith Talks About D.C. Metro Housing Market

October 16, 2012, the National Association of Homebuilders reported that confidence among home builders was up and at its highest level since summer 2006.  The following day, the U.S. Census Bureau announced that housing starts had risen 15% on a national level and were at their highest rate since summer of 2008, and residential building permits increased 11.6% compared to the previous month.  All of this came as very good news to numerous home builders across the country, including Miller and Smith, who have been watching with optimism as housing markets seem to be displaying favorable trends and are moving in a positive direction.    

Miller and Smith is the third largest private home builder in the Washington, D.C. area, and was one of the few home builders to have survived the economic downturn.  In Virginia, Miller and Smith is not only the developer of the new mixed-use home community of One Loudoun, but is also building the Downtown Collection of single-family homes in the “new urbanism”-focused community.  

During an interview with Kathy Orton, Web reporter for the Washington Post, president and CEO of Miller and Smith, Doug Smith, spoke about how national trends compare to what he is seeing in his own region.

Smith said that he believed the Washington, D.C. area was at the forefront of the housing recovery. Being one of the first markets to come out of the housing market downturn, Smith noted that the change in momentum came when both buyer and builder confidence increased.

“I think Washington, [D.C.] was on the front edge of that change in [builder] confidence,” said Smith. “And I think [buyers] got off the sidelines in 2012 and started buying houses again.”

With unemployment down in metro D.C., steady job growth, and fixed-rate mortgages near record lows, it is no wonder why more prospective home buyers would be wanting to purchase right now in a market that is showing promise of having a full recovery. And, this new-found consumer confidence is contributing to a higher builder confidence which in turn has led to the highest level of new home starts seen in four years as well as a rise in home sales.

“Our sales are up 33 percent over the last year,” remarked Smith, “We’re happy. We’re selling a house a day right now.”- he said.

A rise in new home sales has brought about a sense of urgency among potential buyers in the Loudoun County area that have been searching for new homes for sale in the Ashburn-Leesburg part of Northern Virginia. New home buyers realize that the demand for new single-family homes is growing, and where there is a higher demand, so comes rising prices. Many are taking advantage of the low mortgage rate environment that is currently present in the national housing market and are choosing to purchase in a new home communy, such as One Loudoun, while the low rates last.

To read the full interview with Miller and Smith’s Doug Smith, visit WashingtonPost.com 

New Camberley Homesites Announced!

Many prospective home buyers who have been searching for new homes for sale in Ashburn-Leesburg, are very exited to see that the new housing community of One Loudoun and Camberley Homes have announced the release of several new homesites! These new Evanston and Lincoln Park home styles are unique and feature amazing design elements, which contribute to the authentic detailing and charm of classic Brownstone-style architecture.  

With mortgage rates already near record lows, the Fed’s recent news about launching a new program aimed at pushing mortgage rates even lower, has caused quite a buzz in the Loudoun County real estate market.  More home buyers are considering homeownership and are realizing that there is great investment opportunity in front of them.  Now is the time to take advantage of the buyer-friendly market conditions and buy in a new home community, such as One Loudoun, which offers a convenient walkable community where residents can live, work, relax, dine, shop and socialize.