Looking back at Loudoun County’s growth in 2015 and what the future has in store
Loudoun County experienced another great year of growth in 2015 and the future is looking great! From housing and business growth in the east to the farm land and wineries in the west, Loudoun County is appealing to a broad spectrum of Northern Virginians.
OVERALL GROWTH
Loudoun has emerged into the upper echelon of Data Center Clusters in the world. These types of businesses add a commercial tax base that doesn’t overwhelm the infrastructure. The Loudoun Times-Mirror states that according to the Bureau of Economic Analysis, Loudoun County grew nearly twice the rate of local jurisdictions in Virginia and the United States, when using per capita income. From Top Golf and One Loudoun to the vast number of new restaurants and businesses opening up, Loudoun County is positioning itself very well for the future.
REAL ESTATE
Loudoun County Real Estate also had a very strong year in 2015. 6,485 homes were sold this past year – which is up from the 5,802 sold in 2014. The average sold price for all homes sold in Loudoun County was $487,687.
OVERVIEW
3,091 single family homes
2,398 townhouses
812 condos
184 “other” properties
DETACHED HOMES
3,091 sold
Highest Price: $5,500,000 on Carters Farm Lane (Middleburg)
Lowest Price: $124,900 on Railroad Street (Bluemont)
TOWNHOMES
2,398 sold
Highest Price: $1,000,000 on Fairway Oaks Square (Leesburg)
Lowest Price: $125,000 on Hancock Place (Leesburg)
CONDOS
812 sold
Highest Price: $699,000 on Leopards Chase Terrace (Sterling)
Lowest Price: $81,000 on Washington Street NE (Leesburg)
With the Silver Line Metro extending through the county on the horizon, the possibility of a ballpark, and the continued growth in the housing and business sectors, Loudoun County is looking more and more like the ideal place to live in Northern Virginia.
