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ABOUT LOUDOUN COUNTY REAL ESTATE - INTERESTING FACTS ABOUT HOMES FOR SALE IN 2011

By Lenn Harley

Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

March 03, 2011 09:59 AM

ABOUT LOUDOUN COUNTY REAL ESTATE - INTERESTING FACTS ABOUT HOMES FOR SALE IN 2011.

Loudoun County Real Estate offers a variety of home styles, home prices and lot sizes.

The table below shows the average list price of homes for sale and average lot sizes throughout Loudoun County homes for sale.

Towns such as Ashburn and Chantilly average smaller lot sizes because they are closer in (to DC) and the communities there were developed with higher density than more rural areas such as Middleburg and Waterford. The town of Leesburg was developed with small lots, but the "suburbs" of Leesburg also is home to large luxury lot communities and many farms surround Leesburg.

Loudoun County	Average List	Average
Town	Price	Lot Size
Aldie	$799,486	4 Acres
Ashburn	$642,736	1/2 Acre
Bluemont	$1,488,750	34 Acres
Chantilly	$619,203	1/2 Acre
Hamilton	$761,068	10 Acres
Leesburg	$817,219	5 Acres
Lovettsville	$538,515	9 Acres
Middleburg	$1,344,553	17 Acres
Purcellville	$688,294	8 Acres
Round Hill	$596,139	7 Acres
Waterford	$949,525	11 Acres

WALK THE LOUDOUN COUNTY SECTION OF THE W&OD Walking and Biking Trail.

W&OD Walking and Biking Trail

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

A MESSAGE FOR HOME BUYERS IN LOUDOUN COUNTY, VIRGINIA Lenn Harley

HOMEFINDERS VIDEO

For a tour of homes for sale in your location of choice in Loudoun County, contact Homefinders.com. We'll arrange a wonderful tour and you can get to know the county, shopping, recreation, the real estate market and the hardest working Buyer's Agents in the area.

We can help.

Lovettsville Homes and real estate
Loudoun County Homes and Real Estate
New Homes Loudoun County VA
Leesburg Real Estate

E-Mail Lenn

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988. Serving home buyers in Loudoun County.

ABOUT LOUDOUN COUNTY REAL ESTATE - INTERESTING FACTS ABOUT HOMES FOR SALE IN 2011.

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Michelle Francis

Tim Francis Realty LLC - Atlanta, GA

Realtor, Buckhead Atlanta Homes for Sale & Lease

Lenn,

Love this net infomation about the area and different communities. I need to do this for Atlanta/Buckhead.

All the best, Michelle

Mar 03, 2011 11:42 AM

William Johnson

Retired - La Jolla, CA

Retired

Hi Lenn, I am with Michelle on her comment. While we can do lot size in SQ FT, no need to think in terms of acres here, LOL. Soon we may have to get down to sq inches. There is a company that sells " tiny homes" to go with tiny lots. When we were growing up, we had tree houses that were about this size. If I calculated it correctly, 1 Acre could support quite a few of these little cuties. Actually I haven't seen any developments as yet but who knows what the future could bring.

Mar 03, 2011 01:21 PM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Lenn

Interesting facts, and quite a bit of diversity. As William says we do not do much with acres, except in places like Rancho Santa Fe, with prices to match those multiacre estates.

Jeff

Mar 03, 2011 03:33 PM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Michelle. Do it. It's fun and it leaves a lasting "feel" for overall stats for the area.

William. The difference is "urban" vs. "rural". Loudoun County is rural. In fact, future development of this area of Western Loudoun County will be 20 acres or more. How's that for density?? Loudoun County and the residents are determined to preserve farm land.

Jeff. Traditionally, in this area, valuations for multi-acre properties give residential values to no more than about 2 acres and the remaining acreage is often valued "agricultural" and valued as "excess acreage". Even without AG valuation, acreage above the immediate house and surrounds will not add as much per acre as some owners and sellers would believe.

One of the serious problems with valuation in rurals area is inexperienced agents giving higher than realistic valuation to "excess acreage" and pricing properties far above the value they can get on an appraisal. They seem to think that, if a 2 acre property is valued at $500,000, every acre adds about $200K. Not so. Excess acreage may add only $10-30K. I see this all the time with agents who work in urban areas and list rural properties.

Mar 03, 2011 09:25 PM

Elizabeth Byrne

Keller Williams Realty - Arlington, VA

Arlington Virginia Real Estate

Lenn, great statistics for Loudoun County. I am truly tempted to move to Loudoun County to get more space. My Arlington lot of less than 7,000 SF is a tiny splash of land compared to what is available in your area. I'm jealous about the space you get there.

Mar 03, 2011 10:54 PM

Rob Thomas

Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN

Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Lenn....I like these type market posts....They're right to the point and easy to follow....Nice!
Hope you have a great day!---Rob

Mar 03, 2011 11:02 PM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Elizabeth. I understand completely. I moved from that 7,000 square lot in Bethesda to the rural atmosphere in western Loudoun County and just love it.

Call me when you can come out to visit and I'll take you on a tour.

Rob. If I were a consumer, this is the type of info I'd want to know. Thanks.

Mar 03, 2011 11:06 PM

Rob Thomas

Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN

Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Lenn....I agree, I think sometimes we make these reports so that they're even hard for us to decipher....
Hope you have a great day!---Rob

Mar 03, 2011 11:12 PM

William Johnson

Retired - La Jolla, CA

Retired

Hi Lenn, Thanks for the explanation. Are there typically restraints on what the excess land could be used for. Could it for example have an orchard planted on the excess that might then generate revenue. When the land was sub-divided, were there CC&R's established defining how any excess land is managed? If the land generates revenue, is it taxed differently than the portion that might be classified as homestead or is there no distinction for the parcel.

Mar 05, 2011 04:48 AM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Rob. Shucks. I make them simple.

William. The land that is used for the homesite is taxed at the highest level, residential. The land that is used for lifestock or crops is taxed at agricultural level, much lower.

That's where we got our "gentlemen farmer". They grow Xmas trees or bring in a horse or two and qualify for ag. tax for most of the acreage.

Mar 05, 2011 12:15 PM

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