Loudoun County Horse Farms and Country Homes Market Report for 2009
2009 was a difficult year for the real estate industry. Foreclosures and short sales were still flooding the market, however, with the home buyer tax credit, we saw an upswing in buyers. This market report was produced to give some insight into horse farms and country property sales in Loudoun County. Its starts with properties which have a minimum acreage of 3 acres and has no maximum acreage.
In 2008, I produced a similar report for myself, however, did not publish it. I reviewed every home which closed in 2008 with 3+ acres and noticed that Loudoun County 2008 Farm and Country Home Sales showed an interesting trend. The farms and country properties which sold in 2008 with 3+ acres, almost across the board sold for about a $100,000 less than their tax assessed values. There were some exceptions, however, not many. So, when 2009 rolled around, I wanted to keep an eye on the comparison of closed prices vs. tax assessments in Loudoun County for country homes and farms...What I found was rather interesting. Approximately 59% of Loudoun County farms and country homes sold below their tax assessed value. But interestingly enough, out of that 59%, the gap had closed dramatically between the closed price and the tax assessed price. This is great news for sellers!
What happened to the other 41% of homes? They sold above the tax assessed price. Why did some homes sell above the tax assessment and some didn't? What was the difference? While I haven't reviewed every home that sold over its tax assessed value, I can say from previewing many of the homes, that there were differences...Things like exceptional horse property setups made a huge difference. As well as the usual above average curb appeal, interior kitchen and bath upgrades, acreage, location, etc....if you are interested in a more detailed analysis, please contact me at SonjaAdams@verizon.net to discuss this further.
Click here for a link to the 2009 Loudoun Horse County Farm and Country Property homes sales with 3+acres :http://docs.google.com/fileview?id=0B0_-Jgvjes-POTI5YjBlODItMjc3ZS00ZjdlLWIzZjktZmE5NzdlMTFlZTg0&hl=en
So, what does this mean to you if you are planning on buying or selling a home with some acreage in Loudoun? Does this mean that if you have a home to sell, you absolutely won't be able to sell it above the assessed value? No, it does not mean that. But it does mean that you need to work with an agent who knows your country property and horse farms in your area...one who follows what is sold, what is active and can bring to the table the knowledge needed to get your home sold. Call Sonja at 703-963-7407 for a complete market analysis of your property with a marketing plan to sell your home!
For the buyer looking for a country property, you need an agent who knows the market, knows where the type of property is that you are looking for and who can help you through the entire process of purchasing your home. Are you an equestrian? Do you want to be in a horsey area with great ride-out ? Call Sonja - your equestrian specialist - for your real estate needs at 703-963-7407. Or just looking for a home with some land in loudoun? Sonja can help with that as well.
Sonja Adams - Your Loudoun County Equestrian Real Estate Specialist
Samson Properties, LLC
703-963-7407
14526 Lee Road, #100
Chantilly, VA 20151
For the 1st quarter of 2009 84 single family detached homes closed in Ashburn which was a decrease from the 1st quarter in 2008 of 14 homes. (1st quarter of 2008 - 98 single family detached homes closed).
Comparison of 1st Quarter 2008 to 1st Quarter 2009 for Single Family Homes
Average List Price closed in Ashburn for 2008 - $683,904
Average List Price closed in Ashburn for 2009 - $560, 435
Average Sales Price closed in Ashburn for 2008 - $663,082
Average Sales Price closed in Ashburn for 2009 - $542,419
Average Days on Market for homes closed in Ashburn for 2008 - 78 days
Average Days on Market for homes closed in Ashburn for 2009 - 110 days
Selling your home in Loudoun County in today's market requires the correct pricing of your home and a real estate agent with a strong online marketing process who can create exposure for your home to thousands of buyers. It pays to have a strong professional working for you. Contact Sonja Adams at 703-963-7407 or SonjaAdams@veizon.net for a comprehensive market analysis of your home.
Search for homes at: www.MyVADreamHome.com
While not in Loudoun County, Herndon's Friday Night Live Concert Series is a big hit and close to eastern Loudoun. Its one of my favorite things to do in the summer.
Friday Night Live is celebrating its 15th year of hosting outdoor concerts outside the town hall in Herndon...started out with sparse attendance when dogs were allowed to join their human friends...this concert grew rapidly and unfortunately its so big that our furry friends are not allowed to attend.
If you are looking for something to do with a group of single friends or with the family, I highly recommend checking this out...its free...there are food and drink concession stands and the line-up of bands is always excellent.
The schedule for 2009 is:
Hope to see you all out there this season!
To search for homes, visit WWW.MyVADreamHome.com
Loudoun County Blog - Things to do, real estate market reports, etc - visit: WWW.LookatLoudoun.com
I attended the Leesburg Flower and Garden Festival this weekend and was very impressed. It was with utter amazement that I walked by the designers who brought landscape designs to King Street that looked like they have been in your backyard for years.
The plants were fabulous as well as the garden related gift vendors....I was a big supporter of the Orchid Stand buying one of the gorgeous purple hanging orchids below....
If you are thinking about going next year, don't miss this once a year festival...its well worth the $3 to attend!
To search for homes in VA - visit: www.myvadreamhome.com
The Dulles Little League started their season with an opening day parade through Ashburn on Saturday. The little leaguers started out on Shellhorn Road at St. Teresa's Church and walked to Crittenden Park on Windmill Drive at 9:00 am.
The teams each had banners proudly displayed for their team and the parade was led by police escort...once the teams arrived, the fun and games began for the afternoon with many activities for the kids and vendors for everyone to visit. The folks from Kinkora and supporters for a minor league baseball team were also in attendance.
Kinkora is asking for your support to bring baseball to Loudoun County. Please visite http://petition.kincora-va.com/Support.php to sign the online petition!
To Search for Homes in VA, visit: WWW.MyVADreamHome.com
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