Tag: Market Update

Looking Back: Loudoun County Growth in 2015

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.

JS Realty increase loudoun looking 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.

JS Realty looking back loudoun 2015OVERVIEW
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)

jsrealty4u looking loudoun 2015 future silver metroWith 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.

2015 Year in Review: Brambleton Community

A reflection of the Brambleton Community over the past year and a look at what the future holds

As 2015 came to a close, we started looking ahead at what the new year of 2016 would bring. In doing so, we reflected on the Brambleton neighborhood and all of its accomplishments during the past 12 months. We were fortunate to speak with Stephanie Lee from the Brambleton Community to get her thoughts on how the year went.

Lee’s top 3 highlights were:

JS Realty Bram Brew Fest 2015-Launching the new Brambleton TV Merchant Series
-Hosting the Inaugural Brambleton BrewFest
-Launching a new mobile-friendly website

 

She went on to recognize some other great achievements:

JS Realty BEAM IREM Year“We were also very proud of those Town Center tenants who won awards, including Natalie Perkins of Bella Ballerina and Dr. Costa of Costa Family Dentistry who were recognized in Leesburg Today’s 40 Under 40. Under the property management of the Rappaport Company, the Brambleton Town Center was honored with the Institute of Real Estate Management’s BEAM Award (Building Excellence and Achievement in Management).”

The Real Estate market in Brambleton stayed very strong this past year! Based on what is listed in the MLS system, there were over 351 homes sold from between January 1 – December 31, 2015. The highest price home sold for $890K, and it was the Van Metre Homes “Portsmouth” model home off Gentle Falls Drives. JS Realty Van Metre Portsmouth YearIf you haven’t seen it yet, swing by and take a look. The model is still open, and it it is gorgeous – full of open space, granite counters, stainless steel appliances, and so many more amazing features.

DETACHED HOMES
115 Sold
Highest Price: $890,000 – Gentle Falls Drive
Lowest Price: $487,680 – Palladian Blue Terrace
Average Sales Price: $673,611

TOWNHOMES
222 Sold
Highest Price: $644,990 – Epperson Square
Lowest Price: $183,000 (townhouse style condo)
Average Sales Price: $442,589

CONDOMINIUMS
7 Sold
Highest Price: $336,900 – Settlers Trail
Lowest Price: $177,500 – Blue Elder Terrace
Average Sales Price: $270,686

Note: There were 7 other home sales, however they were listed as “other”, “attached row” or “patio home”.

year 2016 jsrealty4uWe anticipate 2016 to be just as good of a year – or better! Real Estate is expected to stay strong and we hope to outdo this year’s numbers and continue to see prices slightly rise.

Stephanie Lee was also able to share some new upcoming events, which are sure to support the community and its growth as a whole:

– A new community-wide health initiative, the ArmorUp Campaign
– Grand opening of the new Boomer neighborhood, Birchwood at Brambleton
– Knutson’s new Live Downtown Brambleton – townhomes right in the Town Center!

To view the Brambleton 2016 Development Update, please check out the information sheet here.

As you can see, this new year holds lots of new growth for the neighborhood! Please contact us if you’d like more information about buying or selling a home in Brambleton. We’re the Brambleton experts!

2016 Brambleton Real Estate Market Review

How did the 2016 Brambleton real estate market fare? And what can you expect in 2017?

This handy infographic illustrates how the Brambleton Real Estate market fared in 2016 compared to 2015.

Brambleton Bram Infographic Real Estate 2016 JSRealty4U

While 315 homes were sold in 2016, it is down 11% from the previous year. In 2015, 354 homes were sold during the same time period (Jan-Dec). On a positive note, this year homes spent less time on the market and had higher sales prices than homes sold in 2015.

Looking ahead – Brambleton in 2017

Sales begin in January of 2017 for Birchwood at Brambleton – low maintenance condominiums, courtyard homes and villas by Miller & Smith and Van Metre Homes. Prices start from the $300’s.

“Brambleton Town Center” is the new townhome community by Van Metre Homes. Located in the heart of the town center, construction begins in the Spring of 2017. They will offer 3 distinctive and different townhome designs with an urban and contemporary feel.

Phase 1 is already under construction and 75% sold out at Downtown Brambleton. Also located in the town center, Downtown Brambleton by Knutson features 4-story elevator townhomes with a “Yard in the Sky.”

The JS Realty Team offers FREE home analysis & consultations and a
4.5% FULL Service Listing Fee (total Real Estate commission).
Whether buying, selling, or investing, we can lead you to great real estate solutions in 2017.  Schedule your FREE no obligation consultation today!