Loudoun County Community Spotlight: Belmont Greene

Earlier this year, I wrote a post about Belmont Greene, a community within Ashburn, Virginia. Since then, the Washington Examiner has also written an article about Belmont Greene and what the community has to offer. The article also touches upon how/why the community has not been hit as hard when it comes to a drop in market values.

Click here to check out the Washington Examiner article on Belmont Greene. 

Click here to check out my original post on Belmont Greene.

If you have additional questions about the community, the builders, homes, etc., feel free to drop me a line - danilo.bogdanovic (at) gmail (dot) com or 703.582.6900 (cell).

Ashburn Real Estate Market Statistics - October 2008

Here are the October 2008 statistics for the Ashburn, Virginia real estate market. The statistics cover supply (new listings) and demand (solds). To make it easier, I broke it down by the two Ashburn zip codes, 20147 and 20148.

Ashburn - 20147

The 20147 zip code includes areas such as Ashburn Farm, Ashburn Village, Belmont Country Club, Belmont Greene and Belmont Ridge…

   

The number of new listings in October '08 was slightly lower than in September '08 and significantly lower than in October '07. This shows that the trend of a diminishing inventory in Ashburn continues.

The number of properties that sold (went under contract) in October '08 was lower than the previous month, but was significantly higher than the previous year.

Ashburn - 20148

The 20148 zip code includes areas such as Loudoun Parkway Center, Broadlands and Brambleton…

 

The number of new listings in October '08 was slightly lower than in September '08 and significantly lower than in October '07. This also goes along with the trend of a diminishing inventory throughout Ashburn.

The number of properties that sold (went under contract) in October '08 was only half that of the previous month and lower than the previous year. This is not a good sign for the 20148 real estate market and I hope to see buyer demand increase this month and moving forward.

Overall, the Ashburn market is showing mixed signals. The 20147 zip code shows continuing of improvement while the 20148 zip code's low buyer demand is not a good sign.

Ashburn Real Estate Market Statistics (20147, 20148) - September 2008

Here are the September 2008 statistics for the Ashburn real estate market (20147 and 20148 zip codes):

Ashburn - 20147 - September 2008

• New listings = 86. This is an 11 percent decrease in new inventory as compared to September 2007
• Solds (Under Contract) = 71. This is a 40 percent increase in buyer demand as compared to September 2007

Ashburn - 20148 - September 2008

• New listings = 31. This is a 9 percent decrease in new inventory as compared to September 2007
• Solds (Under Contract) = 31. This is a 258 percent increase in buyer demand as compared to September 2007

Though buyer demand increased significantly year-over-year in the 20147 zip code of Ashburn, it really jumped in the 20148 zip code. In fact, the 20148 zip code had the same number of sales last month as it did new listings (31).

These stats confirm what's being felt on the "street" - there are less properties to choose from and more buyers fighting for the same property. This is especially true with properties in the lower price brackets and those that are great deals. This bodes well for sellers and the market as a whole though it's not news most buyers want to hear.

Related Articles

Sterling Real Estate Market Statistics (20164, 20165, 20166) - September 2008

Leesburg Real Estate Market Statistics (20175, 20176) - September 2008

No "Summer Slump" For Loudoun County Real Estate In 2008

Loudoun County Real Estate Market Statistics - 1st Half 2008 vs 2007

Loudoun Real Estate Inventory Levels Well Below National Average

Loudoun County Community Overview - Ashburn Village

Ashburn Village is a subdivision located within Ashburn, Virginia in the eastern part of Loudoun County. Ashburn Village opened for development in 1987 and is nearly complete. It’s situated on over 1,500 acres (6 km²), with over 5,000 residential units and 15,000 residents.

Ashburn Village has four recreation centers and three swimming pools, two outdoor and one indoor. It’s largest recreation center is the Ashburn Village Sports Pavilion, located in the center of the community. The Pavilion contains a full size gymnasium, weight rooms, and enclosed tennis courts. There are also fitness classes and events held at there, which is one of the largest community-based recreation centers in Virginia. Access to the Sports Pavilion is available to those living in Ashburn Village. There is no additional fee to use the Sports Pavilion though it’s included in the Ashburn Village HOA fees, which are about $20 more per month than surrounding areas such as Ashburn Farm.

Ashburn Village contains a large shopping center with restaurants, an anchor grocery store and numerous other retail outlets. It’s also located close to two shopping malls, Dulles Town Center and the Leesburg Corner Premium Outlets.

Elementary school children (kindergarten through 5th grade) are split between two schools: students residing in the northern part of Ashburn Village attend Ashburn Elementary School, and students living in the southern part attend Dominion Trail Elementary School.

Middle School students (6th through 8th grade) attend Farmwell Station Middle School. Students in 9th through 12th grade attend Broad Run High School, located directly south of the community.

***Please check with Loudoun County Public Schools as the information above is deemed correct, but not guaranteed.

Further Reading:

Ashburn Village Home Owners’ Association

Loudoun County Community Overview - Ashburn Farm

Ashburn Farm in Ashburn, Virginia is a master planned community situated on 1370 acres in the west central part of Ashburn in Loudoun County, Virginia. It’s well known for it’s abundance of trees, greenery, trails and amenities. The majority of "The Farm" is located on what was originally the Gray Dairy Farm. Cavalier Land Development Corp., developers of Ashburn Farm, planned the community to blend with the natural rolling terrain, resulting in winding boulevards and lots of trees. Ashburn Farm is north of the Dulles Greenway and bordered by Belmont Ridge Rd to the west, Ashburn Rd to the east, and the W&OD Trail to the north. Construction started after the concept plan was approved by Loudoun County in 1986.

Ashburn Farm has 1,807 single-family homes, 1,499 townhouses, 460 condominiums, 162 apartments and over 10,000 residents. The first home in Ashburn Farm was purchased in 1988. Architecture is typically traditional colonial with brick and/or siding as the general choice of facade. The Farm has everything from condominiums (Westmaren Community) to Tudor style single family homes unique to the entire area (many call them “the castle homes”) so most everyone is able to find something that fits their specific criteria and taste.

The Farm is equipped with a 10,000 sq ft community center, 3 swimming pools, 12 tennis courts (6 of them lighted), 8 multi-purpose courts, 2 soccer fields, 2 baseball diamonds at Greg Crittenden Memorial Park and several more at Trailside Park, a sand volleyball pit, 13 tot lots, 5 ponds, an in-line skating hockey deck, and over 10 miles of bike and exercise trails.

Ashburn Farm is also home to the Ashburn Library and has an interchange of the Dulles Greenway at Claiborne Pkwy. The Farm also contains 2 shopping centers: Ashburn Farm Village Center (30K sq feet) and Ashburn Farm Town Center (104K sq ft).

Ashburn Farm Village Center businesses: Shoppers Food Warehouse, Exxon Tiger Mart,  Goodyear Tire & Auto, Dry Cleaners, Hair Cuttery, Carlos Hair Designers, Pizza Hut, Kwon’s Karate Studio, VA Nails, Hong Kong Restaurant, Dental & Orthodontics Practices, Carpet & Blind Center, Wachovia Bank, and Long & Foster Realtors, Provident Bank, Taiwan Thai Cuisine, Buffalo Wing Factory, Toyama Sushi, Pedal Ice Cream, Dry Cleaners.

Ashburn Farm Town Center businesses: BB&T  Banking, McDonald’s, Exxon Tiger Mart, Giant, Starbucks, Video Warehouse, Domino’s Pizza, Super Cut’s, Subway, United Framing, Dry Cleaners, Nagoya Steak & Seafood, Kwons Karate, Good Fortune Chinese, Trevisos, Parcel Plus, Ashburn Animal Hospital, Orlando Hair Studio,   Ace Vacuums, EastCo Wireless,  Little Gym, Suntan Shop, Pottery You Paint, Loudoun Chiropractics, Nail Spa, CC Sells Team/Keller Williams Realty, Hershey’s Ice Cream,  Dentist, and Optometrist. There is also Merchants Automotive.

Professional Office Park businesses (3 buildings):   

20905 Professional Plaza contains: Ashburn Family and Cosmetic Dentistry, Avery Hess Realtors, Broadlands Family Practice, Family Foot and Ankle Centers, INOVA Physical Therapy Center, Loudoun Imaging Center, Project Support Services, Inc., Sterling Behavioral Health Services, LTD, and Wright Medical Technology, Inc.

20925 Professional Plaza contains:  Genetics & IVF Institute, Grace Community Church, Internal Medicine, Dina Darwish - MD, Next Health, Perfectly Female Women’s Health Care, Positively Chiropractic, Potomac Psychological Center, T. Wesley Daczkowski - DDS, Whole Child Pediatrics, and Zoltan Rusznak - DDS - PC.

20955 Professional Plaza contains: Ashburn Dental Associates, Ashburn Family Practice, Ashburn Pediatrics, Cavalier Land Development Corp., CC Sells/Keller Williams Realty, Edward D. Jones - Inc., Highland Title and Escrow, The Law Offices of Paul R. Dean, Jr., - PLC, Middleburg Bank, and Women’s Care Group - OBGYN.

In addition, the community has Sanders Corner Elementary School, Stone Bridge High School, 3 Day Care Centers and 2 Churches.

Ashburn Farm is located approximately 20 minutes from Reston, 30 minutes from Tyson’s Corner/Mclean/Vienna, 45 to 60 minutes from Washington, DC and 10 to 15 minutes from Leesburg (though times may vary during “rush hour”).

Further Reading:

Ashburn Farm Home Owner’s Association

Loudoun County Public Schools