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Starting next month on December 1, 2009 our once famous - now infamous tobacco state will join the ranks of other states as a new anti-smoking law takes hold in Virginia. The Old Dominion will finally join the growing ranks of states that banned smoking in restaurants. The new ban will allow restaurants in Virginia to have a smoking area only if they separate the smokers into rooms into rooms that have their owned contained ventilation systems separate from those that heat and cool those of non-smoking patrons. Due to the expense of retrofitting a restaurant or eateries in this lackluster economy, it is expected that less than 10% of restaurants will accommodate this segregated smoking arrangement provision. Most restaurants will just comply, and forego the conversion. So for the most part, forget smoking in public eateries starting December 1, 2009. For those of us that do not smoke, this law is long overdue!
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Sales of homes in Loudoun VA saw an increase of 8.64% in price compared to same period in October 2008. The average price of Loudoun VA homes sold has moved higher. This tells us that the Loudoun VA Real Estate Market may have hit bottom and increased slightly. We will still have to wait and see the trends in the next few months. Rates are low and stimulus money are keeping things up right now especially in the DC area.
This real estate report shows a YTD comparison of average Loudoun VA homes sold chart based on MRIS Data*. The Loudoun Real Estate market has changed and we all need to know what is occurring.
There is a .95% increase in the number of homes in Loudoun VA that sold as compared to October 2008. In the sales of homes in Loudoun, the List price / Sales Price ratio of 94.49% shows us we are still clearly in a buyers market. Sellers are not still not getting what they are asking for in their original list price., but it has improved greatly. So there is give and take in what a home actually is selling for.
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The most recent statistics for our MLS (MRIS*) were just released on November 10 for all October 2009 sales of homes in Loudoun Virginia. Though Loudoun homes prices rose over .38% over last years average sales price, prices as a whole are still way off their peaks. If we compare the average Loudoun homes sale price of $550,974 in October of 2005 to the Loudoun homes average sales price of $375,575 in October of 2009 it shows us several things. First of all the average home sales price of a single family Loudoun homes has fallen 31.83%. It is not that the prices have dropped that much, but the number does show you where the action is...in much lower priced homes, and distressed Loudoun homes and properties. Please keep in mind that sellers are also contributing more to make the sales happen.
October of 2009, and Active inventory is down. Believe it or not it is really good news for a recovery.

*MRIS Real Estate Trend Indicator - <$100K to >$5M Format
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NEW HOMES FOR SALE IN LEESBURG, VA: Goose Creek Bend - Brookfield Homes Brookfield Homes is building new luxury single family homes in Leesburg, VA at Goose Creek Bend... These homes are located on 1 acre lots in a private setting...right off the Dulles Greenway. Homes Start from $599,990.. For more information on New Homes for sale in Leesburg, VA call me..Konnie McKee 703 407 7088. Search the MLS for FREE right here.


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If you are looking to purchase a home in Northern Virginia go to www.KonnieMac.com for free no strings attached home search.
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NEW HOMES IN LEESBURG VIRGINIA READY FOR QUICK OCCUPANCY.
3 MODELS, ALL READY FOR A NEW OWNER.
EUREKA! 3 NEW HOMES IN LEESBURG READY FOR QUICK POSSESSION FOR BUYERS.

Home #1, $569,990 $506,990
FEATURES
MAIN LEVEL
UPPER LEVEL
Owner's Bedroom Suite with Sitting Room and Spa Super Bath
3 Additional Bedrooms and Hall Bath
LOWER LEVEL
Recreation Room and Full Bath
TWO ADDITIONAL HOMES READY FOR QUICK OCCUPANCY.

This home priced at $578,510 $516,990. This home priced at $586.213 $515.990.
This community is located on Route 621, Evergreen Mills on the south side of Leesburg in a rural setting. Lots are wooded and the community offers amenities including a Community Center, Jogging/Walking paths, Outdoor Pool, Tot Lots and Playground.
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Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.
"NEVER A FEE TO BUYERS" Ask about the Homefinders.com New Home REBATE!
For your copy of the Homefinders.com home buyers relocation package, just give me a call. Whether you're moving to Loudoun County from out of the area or just across county, we can help.
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