This past weekend I held a client appreciation event at the Morven Park Point to Point race! At just 2 minutes outside the town of Leesburg, Morven Park is absolutely gorgeous and just one example of the many reasons Loudoun County is such a sought after destination to live. There are so many things to do and we have all these wide open beautiful spaces that you simply won't find anywhere else this close to DC!
Morven does all kinds of equestrian events from Polo in the Park to this Morven Park Point to Point race. It's also a great place to run and hike. In fact, Tuscarora High School uses it to train their Cross Country running team, and Loudoun County holds Cross Country races there also! There are too many events to list them all here, so I'll have to put together another blog entry just listing all their events for the year.
On to the Q1 2022 Loudoun Real Estate numbers! Prices continue to go up in the 20176 Zip code. I predict they will continue to rise, but likely level off as interest rates rise.
And while inventory is still way down from pre-pandemic years, it has slightly increased from last year, and that should also help level off prices.
Days on the market however, continues to be at crazy low levels. Houses that do go on the market are snatched up very quickly. However, again, as interest rates increase and home prices level off, I predict that this will change and average days on the market will go back and we'll start seeing increases in these numbers.
I pulled a few numbers specifically for some of the neighborhoods along Route 15 north of Leesburg. As you can see, there is not a lot of inventory in this area.
So, what does this all mean for you? It's still a great sellers market out there, and definitely tough if you are looking to buy right now. This won't last forever, so if you're thinking about selling, now is the time to do it. So, if you are thinking about selling OR BUYING, give me a call, I'd love to work with you!
Be sure to also check out some of my other blogs spotlighting great things to do in Loudoun County!
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