By Heather Elias
The spring selling season is upon us, and I’m sure you are seeing more homes for sale, no matter where you are in western Loudoun. The three overview charts for single family homes in Loudoun County show us that median price is up seven percent since the first of the year, from $530,000 to around $572,000.
Meanwhile, average days on market is down from 110 days in January to 90 now. Inventory has been on the rise since the beginning of the year, about a 14 percent gain. (Statistics courtesy of Altos Research LLC)
The most expensive home sold in Loudoun County for the month of April was a 175 acre retreat on Old Waterford Road in Paeonian Springs, co-listed by Jim Lemon Jr. of Middleburg Real Estate and Nancy Yahner of Keller Williams. Sold for just over $2.6 million, the property included pastures, woodlands, pond, and grapes in place for a vineyard/winery. The purchaser was represented by Charles Blanks of Carter Braxton Preferred Properties.
The least expensive home sold in Loudoun County in April was a one bedroom, one bath condo in the Country Club Green community in Leesburg. The top floor unit sold for $69,000 and was listed by Carolyn Young of RE/MAX Premier. The buyer was represented by Dan Ritchey of Keller Williams Realty.