Links To Loudoun County Communities, Neighborhoods and Home Owner Associations

Perhaps you’re new to Loudoun County, Virginia and would like to know more about the various communities, neighborhoods and Home Owner Associations in the county. Or maybe you’re moving within the county and aren’t too familiar with your future community or HOA. Whatever the reason may be, here are links to resources on all the HOAs and communities in Loudoun County (if they have a web site):

• Ashburn
• Ashburn Farm
• Ashburn Manor
• Ashburn Village
• Belmont Country Club
• Belmont Greene
• Brambleton
• Broad Run Farms
• Broadlands
• Cabin Branch Forest
• Cardinal Glen
• Cascades
• Countryside
• Courts and Ridges at Ashburn
• Edwards Landing
• Exeter
• Falls Ridge
• Farmwell Hunt (site under construction)
• Kincaid Forest
• Lansdowne on the Potomac
• Lucketts
• Potomac Crossing
• Potomac Station
• Richland Forest
• River Creek
• Rivercrest
• Spring Lakes
• South Riding
• Tavistock Farms
• Waterford

If you would like information on areas not listed above, feel free to email or call me – 703.582.6900 – and I’ll get the information over to you right away.

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

Much like the 2nd Qtr statistics, the Loudoun County real estate market statistics for the first half of 2008 vs 2007 show signs of improvement and stabilization in the market. As some have pointed out, not everything is rosy. But it’s definitely a step in the right direction.

Here are the numbers…

New Listings (supply)

• The number of new listings that came on the market the first half of ’07 – 5691
• The number of new listings that came on the market the first half of ’08 – 5050
• That’s a decrease of 11 percent

Homes Sold (demand)

• The number of homes that sold* during the first half of ’07 – 2644
• The number of homes that sold* during the first half of ’08 – 2845
• That’s an increase of 8 percent

The Loudoun County real estate market has been improving as the year has gone on. Hopefully, this trend continues into the 3rd quarter and the rest of the year.

Loudoun County Real Estate Market Looking Up! (Come Check Out The Statistics)

The Loudoun County real estate market is looking up! Yes, folks…that’s correct. Loudoun County’s 2nd quarter 2008 real estate market statistics show a vast improvement over 2nd Qtr 2007. And the first half of 2008 statistics show a vast improvement over the first half of 2007 (click here for that post).

New Listings (supply)

• The number of new listings that came on the market in the 2nd Qtr of ’07 – 3013
• The number of new listings that came on the market in the 2nd Qtr of ’08 – 2546
• That’s a decrease of 16 percent

Homes Sold (demand)

• The number of homes that sold* during the 2nd Qtr of ’07 – 1300
• The number of homes that sold* during the 2nd Qtr of ’08 – 1757
• That’s an increase of 35 percent

As you can see, inventory is down and demand is up. And to add to the good news, the inventory/supply level of homes in Loudoun County is well below the national average. The Loudoun County real estate market has continued to look up as the year has progressed with clear signs of strengthening throughout.

Update: Made some changes to the numbers based on a miscalculation. But they’re actually better than previously thought.

Related Articles

Foreclosures/REO and Short-Sales Selling Like Hot Cakes – LoudounForeclosures.com

Loudoun Offers Assistance To First Time Home Buyers Through VHDA and SPARC

If you’re a first time home buyer in Loudoun County, you may want to check out some of the programs available through the county, VHDA and SPARC. Loudoun County offers first trust financing, down payment and closing cost assistance to low to moderate income first-time home buyers through the Virginia Housing Authority (VHDA). The loans are known as SPARC loans (Sponsoring Partnerships and Revitalizing Communities).

You have to apply for a SPARC loan. Part of the application process is speaking with an approved lender and submitting a reservation form. The selection process is stringent and not everyone is accepted due to a limited supply of money.

Before you decide whether or not to apply, make sure you check out the document below for further details including the specific qualification guidelines. (Use the scroll to the right of the document to scroll down. You can also download, embed or link to the document.)
Information for first-time Loudon County home buyers - Get more Business Plans

Loudoun County Offers Free Homebuyer Workshop

The Loudoun County Department of Family Services is offering free homebuyer education workshops called "Homeownership 101". The workshops are focused on helping potential first-time homebuyers in understanding the home-buying process. The workshop is six hours and goes over things such budgeting, credit, working with Realtors, the mortgage process and what to expect at settlement. The class is required if you’re looking to purchase and ADU (Affordable Dwelling Unit) or obtain financing through the Virginia Housing Development Authority (VHDA).

The workshops are held at different locations several times throughout the year over a two-evening time period from 5:30 to 8:30 p.m. You have to attend both sessions. You must pre-register and the class size for each workshop is limited so do it early. To pre-register, contact Chris Vogel of the Department of Family Services at (          703-777-0353       .

For the schedule of workshops, click here.

If you’re a first time home buyer or just refreshing your memory, you can also check out the Buyer Resources category of LoudounScene.com.

Related Articles

The Real Estate Buyer’s Guide to the Home Buying Process – Part One

The Real Estate Buyer’s Guide to the Home Buying Process – Part Two

Glossary of Real Estate Terms

Forbes Names Loudoun County Top 10 Places To Buy Foreclosures

Forbes recently named the DC metro area including Loudoun County one of the top 10 places in the US to buy foreclosures. Some of the criteria used was prices, inventory levels, hints of stabilization and long-term investment potential. For more on the story, check out my post over at LoudounForeclosures.com.

How To Find Out About Some Of The Best Real Estate Deals In Loudoun County

Up until recently, some of the best deals in Loudoun County were being posted here on this blog. Many of you emailed or called asking for more information about the properties or to see them in person. Well, unfortunately, I can no longer continue posting those. Based on rules and regulations that govern all Realtors, posting about a property that is listed by another agent/broker is considered "advertising" and is not allowed.

But, there is a solution! You can receive my top picks of properties for sale in Loudoun County via email. If you request the information to be sent to you, then it’s no longer "advertising".

Here’s how you do it…

Insert your email address and first name into the form below and then click "Submit". A thank you page will pop-up stating that you will receive a confirmation email shortly. Just click on the link in the confirmation email and you will start receiving the best deals in Loudoun County immediately.

Please note…your email address, name or personal information will never be sold or provided to third parties. You will not receive any emails other than the best deals in Loudoun County. You will not be harrassed by sales emails or emails trying to solicit your business. It’s completely up to you if/when you wish to initiate contact with me.

Send Me The Best Deals In Loudoun County!

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Loudoun Real Estate Inventory Levels Well Below National Average

Loudoun County’s real estate inventory/supply levels are currently well below the national average of 10.9 months. Loudoun currently has 2400 active homes for sale. The number of homes that sell (go under contract) each month is averaging 427 so far this year. This puts the supply of homes in Loudoun County at 5.6 months meaning that it would take that long to go through the existing supply of unsold homes.

Note: More than a 6 months supply is considered a "buyer’s market" and less than 5 months is considered a "seller’s market".

So why the huge difference in market conditions?

Because Loudoun County and the DC metro area are typically about 6 to 9 months ahead of the rest of the US when it comes to real estate market conditions. So when you read headlines about the US real estate market in general, remember that we’ve probably already "been there and done that".

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Undergoing MyBlogLog Verification

Loudoun “Cleaning Up” Sterling Park, Investment Opportunities Abundant

Last year, Sterling Park was the center of an illegal immigration debate and crackdown. This year, Sterling Park is the center of a Loudoun County "clean up" campaign. According to the Washington Post, Loudoun County leaders are focusing on cleaning-up Sterling Park by cracking down on things such as unkempt lawns, crowded homes and truck-jammed curbs they say have eroded the quality of life in Sterling Park.

Here are some excerpts from the Washington Post article:

"This spring, officials held meetings in the Sterling area. They will use residents’ testimony to help create a community improvement program. On Tuesday, officials will consider regulations that would ban the parking of cars in yards and allow volunteers to mow untended lawns. Many residents also have called for stepped-up zoning enforcement to crack down on overcrowded homes, an ongoing issue that supervisors are likely to take up again this fall.

‘The county got so caught up because of the tremendous growth that we’ve had for the last nearly 17 years,’ said board Chairman Scott K. York (I). ‘What happened through that period of time is there wasn’t necessarily that focus on Sterling and other eastern communities.’"

This presents an excellent opportunity for home buyers and real estate investors because,

1. Prices in Sterling Park are about half of what they were at the peak of the market and are showing signs of stabilizing
2. Buyer demand in Sterling Park has doubled this year over last year with buyers and investors scooping up foreclosures/bank-owned properties to rehab/renovate
3. The campaign by Loudoun County to "clean up" the area will help the area become more appealing to buyers, which speaks to demand and helps with long term price appreciation.

Sterling Park presents buyers and investors with the opportunity to "buy at the bottom" in an area that is being "cleaned up" by Loudoun County – a winning long-term investment formula.

Inventory Down, Buyer Demand Strong In South Riding, 20152

The real estate market conditions in South Riding and the 20152 zip code in Loudoun County are definitely showing signs of improvement. In fact, the statistics show some of the most improvement so far this year out of all the zip codes in Eastern Loudoun County.

Here are the statistics for South Riding and the 20152 zip code:

• The number of new listings that came on the market in 2008 (1/1-6/9) was 325 versus 430 during the same period 2007. That’s a decrease of 24 percent.
• The number of homes that sold in 2008 (1/1-6/9) was the same (235) as during the same period in 2007.

As you can see, buyer demand has remained consistent while inventory has dropped significantly. This is a great sign for the South Riding and 20152 zip code real estate market.

Related Posts

20148 Beats 20147 In Ashburn Real Estate Market Conditions Bout

Leesburg Real Estate Market Match-Up: 20175 vs 20176

Loudoun County Real Estate Inventory Down, Buyer Demand Up

Loudoun County Buyer Demand Up 19 Percent In May

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