Northern VA Land Markets – One Year Post-COVID

At that time, Loudoun County had experienced a 24% net increase in the number of closed land sales (compared to the same six month period in 2019) and a 13% increase in total land sales transactional volume. In contrast, Fairfax, Fauquier, and Prince William counties looked decidedly sluggish—all three counties had experienced a substantial decrease … Continued

Financing a new construction home with a construction loan

It’s a reasonable thought process, but all but the bravest souls eventually shy away from the idea of building a new home, and with fair reason. First, contrary to popular belief, unless you get a great deal on the land, building a new home is usually more expensive than buying an existing one. Therefore, while … Continued

Northern VA Land Markets vs. COVID-19

Back in June I observed there had been a clear uptick in interest in land and rural property sales in western Loudoun County as a result of COVID-19. Now that we are a full six months into the pandemic, I decided to take a closer look at how the coronavirus has affected the broader Northern … Continued

How do appraisers determine land values in Virginia?

To determine land values in Virginia, an appraiser might consider residual land values, potential income from the land, and improvements to the property. Most real estate appraisals focus on improved land that has a home or a business situated on it. However, vacant land may also be appraised before it is bought or sold. If … Continued

Market update & land for sale in western Loudoun County VA

As coronavirus runs its course, there has been a definite uptick in interest in land for sale in western Loudoun County VA. Roughly speaking, western Loudoun County includes everything west of U.S. Route 15, which runs north-south through Loudoun County and loops around the east side of Leesburg. In contrast to eastern Loudoun County, which … Continued