A WONDERFUL COMMUNITY FOR 55 AND OVER ADULT LIVING IN LOUDOUN COUNTY VIRGINIA.
SOLD OUT?? No. Just shut down by the builder. This is not the only location in the Maryland and Northern Virginia real estate market that has shut down. Hopefully, it's temporary.
The builders' web for this community says "SOLD OUT". Instead, the site looks like what it is, an shut-down, unfinished building site.
The site plan called for about 50 lots to be developed into these lovely homes for seniors. But, due to the depressed real estate market, the builder has closed down and the remainder of the undeveloped lots are not in production. For how long? Who knows.
A lovely new home community in Round Hill Virginia also closed. Only 4 of about 18 lots were built out and sold. This is a lovely community that really slowed down when gasoline reached $4.00 a gallon, which affected most real estate in the "outer suburbs", those counties that are not contiguious with Washington, D.C. We noticed the dramatic slowdown a year ago and it hasn't improved since.
However, since the ActiveAdult real estate market has held up across the country, we really thought that this little community in Lovettsville would survive. Not so.
Sign of the times.
Lovely condo homes for seniors in Lovettsville offered quiet living with views of the Blue Ridge, close to the town center and beautiful interiors.
Closed.
Community in Round Hill, Loudoun County, Virginia. Lovely wooded lots about 2 acres, beautiful homes.
Closed.
It appears that the best buys now are the short sales, foreclosures or resales where the owner has relocated and the property is vacant. It was only time before the builders had to closed some of these locations down. I suspect that they are concentrating their personnel resources in communities that are selling well enough to justify the investment.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.
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