NEW HOME SALES DOWN 33% FOR THE MONTH OF MAY??? NOT IN MY MARKET!!
The only word to describe the new homes market in my area is DYNAMIC. New homes in Loudoun County, Virginia has led the area in new home sales for over 15 years and will probably continue to do so.
We have the benefit of
- low unemployment,
- high income averages
- many popular employment centers,
- Dulles International Airport,
- great shopping,
- transportation alternatives,
- popular national builders and a
- highly ranked public school system.
When I first heard the news of a 33% decline in new home sales yesterday, my first thought was, WHERE? Not here. I specialize in new home sales. I love new home sales. I love new homes. Fortunately, I'm in a market, Northern Virginia where new home sales have not declined as they have in other markets across the country. Which is, of course, the problem with national home sales reports, they are MEANINGLESS to any local new home market.
The average income for a family in Loudoun County is about $120,000 a year. That income will qualify most home buyers for a mortgage loan in the $500,000 range. There are many homes for sale in the $500,000 price range. We recently closed a lovely home in Brambleton that sold for $492,000 (below).
In fact, I was inspired to drop by a builder in Brambleton, a community in Ashburn, Virginia where new home construction is hot and heavy. Buyers are buying, builders are selling, lenders are lending and homes are SELLING.
In the community where I closed on a new home on June 28, they had 4 sales in May, 5 in April and so far, 2 in June. This is the rate at which a builder is profitable and the community will remain viable. Over the years that I've sold new homes in Northern Virginia and Maryland, 4-5 home sales is often the builder's goal for spring months. More is better, but 4-5 will keep construction going and help maintain appraisals.
NEW HOME SALES DOWN 33%??? NOT IN MY AREA!
WHAT'S HAPPENING IN BRAMBLETON, ASHBURN, LOUDOUN COUNTY, VIRGINIA???
TAKE A LOOK AT THE NEW HOME MARKET IN MY AREA OF LOUDOUN COUNTY, VIRGINIA.
Builders are constructing multiple units of condos, town homes and detached homes in Ashburn, VA.
Luxury homes are offered in great price ranges and are selling. The home above is about 4,500 square feet and sells for in the $700s.
There is ongoing new home construction in Ashburn Virginia in the Brambleton area. The homes above are offered for $450,000 to about $550,000. There are few options to drive prices up and the homes, from contract to settlement, are delivered in about 5-6 months. This is a busy place.
Ashburn is just one community in Loudoun County VA. New homes are selling throughout the county in Aldie, Ashburn (Brambleton), Chantilly, Leesburg, Middleburg, South Riding, Sterling, and throughout Loudoun County, Virginia.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, new home specialists for Loudoun County, Virginia. Ask about the Homefinders.com, NEW HOME BUYER'S CREDIT, 1% of the price of your new home CASH BACK to YOU.
Search all homes for sale in Loudoun County, VA.
Map of Loudoun County, VA
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