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Land limits building of new houses Last year’s new-home sales seemed to contradict a lot of other real estate news. Sales of new homes were down 27 percent compared to 2000—surprising when you consider that existing-home sales were up 11 percent last year. The primary cause of this disparity was a lack of developed land builders could use to put up homes. There was plenty of demand among buyers, but many builders didn’t have anything to sell them. It was the slowest year for new-home sales in more than a decade. (New-home sales figures reflected sales of single-family homes, town homes and condominium.) Still, builders did rather well last year. The Labor shortages of recent memory have eased, making it less difficult to actually complete the homes that are sold. More important, homebuilders were able to raise prices because existing home prices shot up dramatically during the past two years. While this certainly was welcome to the builders’ accountants, it may have also slowed new-home sales somewhat. That’s because new homes are more expensive per square foot than existing homes. Buyers who are already stretching their budget to buy a home often cannot consider new construction. So, in a market where home shoppers already were suffering from sticker shock, the additional cost of buying a new home may have eliminated that option from some minds. The base asking price for single-family homes rose 21 percent in Prince William County, for example. That’s a little more than the 18 percent increase among existing homes in that county. New-home prices also rose in other area counties, although not as much as in Prince William. Generally speaking, price increases were higher for town homes than they were for single-family properties, and prices increased more in Virginia than in Maryland—the same thing that happened last year for new homes and resale’s. —Chris Sicks The metro area includes the Maryland counties of Montgomery, Prince George’s Anne Arundel, Howard, Charles and Frederick; the Virginia counties of Arlington, Fairfax, Loudoun, Prince William, Spotsylvania and Stafford; the city of Alexandria; and the District. |
(800) 605-5580
Virginia Homes
Builders Realty Council
12208 Dorrance Ct.
Reston, VA 20190
Maryland Division
124 Park Avenue
Annapolis, MD 21037
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*1% CASH BACK/credit is no longer available in Virginia and Maryland with BRC builder cooperatives due to First Horizon's takeover. Virginia or Maryland new homes for sale. The Council's consumer programs are subject to individual builder cooperative policies and procedures. Contact your BRC state licensed representative prior to visiting new home communities for housing special offers and proceedures. Builders may, at their sole discretion, disqualify your right to compensatory representation for not having a registration or proof of the initial referring agent registered on buyer's initial visit to each builders community recognizing the agent who first introduced buyer to the community, otherwise known as "procurring cause" of home sale. Council brokerage services are commission subsidized by Virginia and Maryland house building corporations and are free of charge to buyers; however,lenders do charge mortgage fees. BRC offerings are available to BRC clients only and are not available to those currently under buyer-broker contracts with Realtors. BRC's buyer-agents assist clients interested in working with highly qualified state licensed builder specialists in the Washington DC area to locate Northern Virginia real estate, Maryland real estate, homebuilders and newly built homes. Builders' Realty Council only represents homebuyers interested in owning brand new residential housing/construction in the Washington DC metropolitan area searching for builders and communities of single family houses, townhomes, condominiums and new construction in Fairfax County, Loudoun County, Prince William County, Montgomery, Anne Arundel and Prince Georges counties. Information about Schools and is available including SAT scores. Houses for sale are abundent in Fairfax, Ashburn, Leesburg, Haymarket and Gainesville. The Virginia and Maryland real estate market is one of the strongest in The United States-USA. There are thousands of Northern VA homes for sale, townhomes for sale and new condominiums for sale. Fairfax homes, townhouses, condos are often more expensive than Loudoun County single family houses, town homes and condos. Fairfax housing, including apartments is more costly on average than Loudoun County houses or Prince William Virginia homes. The largest new house communities are: Brambleton-Loudoun,Va (Ashburn)Lansdowne in Loudoun(Leesburg) Dominion Valley, Victory Lakes, Vint Hill and Braemar in Prince William County, VA as well as South Riding by Toll Brothers in Loudon County. Stone Ridge, Beacon Hill, Broadlands and Belmont CountryClub are popular housing developments. These communities are near many fine private, public, elementary and high schools located in both VA and MD near new single family homes, townhomes and condominiums with daycare and childcare centers nearby. New homes in Fairfax County VA are generally more expensive than new homes in Loudoun County Virginia or Prince William County Virginia. New housing in Montgomery County Maryland is generally more expensive than homes in Anne Arundel or Prince Georges County MD. Washington DC real estate prices have been rising quickly as well, particularly in 2004. Consult Northern VA real estate agents, Maryland Realtors or Washington DC real estate brokers for professional assistance when investing in residential housing in these regions.
BRC serves as an independent new homes council acting as buyer agents to research and facilitate the needs of the homebuying general public. BRC is not affiliated with, employed by, or seller representatives for the homebuilders listed on this real estate website.
Northern Virginia Housing Markets Served - VA: ___
Alexandria, Annandale, Arlington, Ashburn, Bristow, Burke, Centreville, Chantilly, Clifton, Dale City, Dulles, Fairfax, Fairfax City, Falls Church, Gainesville, Great Falls, Hamilton, Haymarket, Herndon, Lakeridge, Leesburg, Lorton, Manassas, McLean, Middleburg, Montclair, Mt. Vernon, Oakton, Occoquan, Purcellville, Quantico, Reston, Round Hill, South Riding, Springfield, Sterling, Vienna, Woodbridge
Suburban Maryland Housing Markets Served - MD: ___
Annapolis, Avenel, Beltsville, Bethesda, Bowie, Burtonsville, Clarksburg, Clinton, Colesville, Columbia, Crofton, Damascus, Darnestown, Ellicott City, Ft. Meade, Gaithersburg, Germantown, Greenbelt, Kensington, Kentlands, Landover, Laurel, Laytonsville, Olney, Oxon Hill, Potomac, Rockville, Silver Spring, Upper Marlboro
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