09/19/2009

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Loudoun County! What's Next? by Jim Stakem 9/15/2009 Loudoun County! What's Next? by Jim Stakem 9/15/2009 Without rehashing the point any further, this has been a very difficult couple of years for the Real Estate market. Our market in Loudoun County has experienced its fair share of problems. The million dollar question is what's ahead for us. Loudoun County is composed of three distinctly different markets. The first and most active is the heavily developed Rt. 7 corridor from Leesburg east. We also have the partially developed Rt. 50 corridor east of Rt. 15 and finally the rural market west of Rt. 15. This is what I expect to happen in the next twelve months. First we have to look at the factors that influence Loudoun County. We are very lucky to be so close to Wash. D.C! We can expect solid growth in the future as a result of government spending which is currently adding jobs to the local market as well as bringing more private sector jobs our way. We are already experiencing an increase in financial sector jobs arriving as a result of the increased regulation and need of financial institutions to be near the Washington regulators, the Washington Post reported on this in Sept. 13th , and this is just the beginning. We are also very lucky to have Dulles International Airport and the subway connection to Washington in the near future. We are the most attractive and promising market, in the most stable city in the country. Although we have had so many problems, as has the rest of the country, we are very lucky to be in Loudoun! In the two eastern areas we have a housing shortage! We have a market which at any other time in history would be experiencing explosive price increases. This is especially true in the Leesburg,...
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Grenata Preserve Leesburg by Creighton Enterprises Grenata Preserve Leesburg by Creighton Enterprises Pulling into the circular driveway of the model home at Grenata Preserve in Leesburg you first notice the French Château architecture and the stunning pitched roof lines. The foyer opens up to a double cured stairway leading to the second level overlook. Surprisingly enough as big as you might think the house would be on the outside the inside rooms are very manageable and comfortable. The kitchen is as expected large and open with plenty of cabinets, granite and entertaining space. One of the nicest features is the angled two sided fireplaces and custom mantels throughout the home. The finished lower level is of course filled with all the goodies to make this the envy of any man cave in the neighborhood. This includes of course wet bar, theater room with wide screen projector and enough space to have a small pool hall. What I really liked was the feel and flow of the entire house. It is a large and extravagant house with fine details throughout but it wasn’t pretentious or over done. I’ve lived only a few miles from Grenata Preserve in Leesburg and have heard whispers about how magnificent the houses Jim Brown CEO of Creighton Enterprises was building at Grenata in Leesburg. During the boom years many of my clients in this price point where looking to be closer to DC and preferred the Mclean or Great Falls addresses rather then Leesburg. However, with the pricing changes over the last few years and the increasing amount of upscale shopping and amenities coming to Leesburg these one of kind custom homes are now in reach of many who want and demand more. I briefly met with Jim and his wife and found that Creighton Enterprises is truly a family run operation...