In Positive Sign for Loudoun, New Home Community Reopens for Sale
In further evidence that the hard-hit DC exurb of Loudoun County is seeing signs of life in its real estate market, local blog LoCo Musings reports that homebuilder Lennar is advertising the reopening of Martin’s Chase, a community of hew homes in Leesburg. Lennar had put the project on hold last year.
Heather of LoCo Musings writes:
“I was paging through last week’s print edition of the Loudoun Times Mirror, and came across a full page ad from Lennar, a home builder, that announced that they were coming back to Martin’s Chase. They had stopped building there last year when the market was stagnant for new home construction. Is this another sign of market recovery?”
Here’s the ad:
Credit: LoCo Musings
Loudoun and its neighbor Prince William County were among the first areas in the DC region where the real estate bubble burst, with painful price declines and foreclosures rapidly following suit. But because they were the first to fall, they also appear to be first to recover. Evidence is mounting that the markets in these two outside-the-Beltway exurbs in Northern Virginia are well on their way back to normalcy — or are even already there. Indeed, earlier this month the Loudoun Times-Mirror asserted that the relatively low level of housing inventory in the county qualified as a “seller’s market.”
See other articles related to: mcwilliamsballard
This article originally published at https://dc.urbanturf.com/articles/blog/in_positive_sign_for_loudoun_new_home_community_reopens_for_sale/1065.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »
Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »
Margarite is a luxury 260-apartment property known for offering rich, high-end reside... read »
The owner of 700 Monroe Street NE filed a map amendment application with DC's Zoning ... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro