Loudoun County: Open Townhouses, 5/19

open-sky-house.jpgEver since the market started to really tank about a year ago, it’s been my theory that the key to turning things around has been townhouse prices. Most people buying a single family first need to sell either a smaller single family or a townhouse in order to have the down payment for their next home. But with Eastern Loudoun townhome prices in the $400,000 to $600,000 range (and sometimes even higher), many first-time homebuyers have been priced out of that market and have had to wait for prices to come down. Without those buyers, current townhouse owners are unable to climb to the next rung on the property ladder, and the result is a glut of both townhomes and single families cluttering the market.  

As much as I’m not loving the recent sharp decline in prices in Loudoun, it is a necessary evil if we’re going to get the market moving again. (You can read my recent rant about this here). So, it is with great relief that I noticed that Loudoun’s townhouse prices have begun to reach levels where first-timers might actually be able to afford them. Although some sellers still seem to not have gotten the memo that we’re in a down market, most townhome prices are now in the $300,000 to $400,000 range, which is much more appropriate. How do I know what’s appropriate? It’s easy enough to figure out when you take advantage of a really cool feature Redfin provides in its listings, which is a summary of comparable sales in the area. Actually, they call it “Nearby Sales”, and it’s at the bottom of each listing on the right-hand side. It’s yet another way to arm yourself with information when you’re about to embark on either a home-buying or home-selling adventure. 

If you plan on venturing out this weekend to do a little house browsing, be sure to stop in at the open townhouses below. To see what else is open this weekend in 20176, click here; in 20147, click here; and in 20148, click here. Redfin’s open house search function is up and running and comes in quite handy. 

Happy hunting!

ASHBURN FARM
43775 CLEMENS TER, ASHBURN, VA 20147
Price: $365,000
3 bd/2.5 ba; 3485 sq. ft.
Open: Sun. 5/18 from 1 to 4

43173 GLENELDER TER, ASHBURN, VA 20147
Price: $344,500
3 bd/2.5 ba; sq. ft. unavailable
Open: Sun. 5/18 from 1 to 4

ASHBURN VILLAGE
44224 MOSSY BROOK SQ, ASHBURN, VA 20147
Price: $282,500
2 bd/2.5 ba; 1,416 sq. ft.
Open: Sun. 5/18 from 1 to 4

21067 TYLER TOO TER, ASHBURN, VA 20147
Price: $329,000
3 bd/3 ba; 2264 sq. ft.
Open: Sun. 5/18 from 1 to 4

BROADLANDS
21559 WELBY TER, BROADLANDS, VA 20148
Price: $339,827
3 bd/2.5 ba; sq. ft. unavailable
Open: Sun. 5/18 from 1 to 4

22025 DILWORTH SQ, BROADLANDS, VA 20148
Price: $478,000
3 bd/3.5 ba; 2,568 sq. ft.
Open: Sun. 5/18 from 1 to 4

LANSDOWNE
19117 EAGLE MINE TER, LEESBURG, VA 20176
Price: $420,000
3 bd/2.5 ba; 3049 sq. ft.
Open: Sun. 5/18 from 1 to 4

Recent Loudoun County Posts

Wine Country Living

You Gotta Accentuate the Positive…

Fun with Numbers