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Posted at 03:52 PM ET, 01/09/2012

Loudoun County’s luxury market turns a corner

Century 21 Redwood Realty


This home in Loudoun County is one of several luxury homes in the area. (Heather Elias - Century 21 Redwood)

Between 2004 and 2007, Loudoun County's luxury market exploded, with hundreds of $1 million-plus homes selling each year.

But with the housing market crash, the luxury market took a hit. The upper end of the market peaked in 2005 with 338 homes over $1 million sold, and bottomed out in 2009 with 50 homes at that price range sold.

But last year, that number started to rise again. In 2011, 62 homes sold for $1 million or more, and nine days into 2012, there are 12 homes in that category under contract.

Last year in January, I did a wrapup post of the most expensive homes sold in Loudoun County for 2010. So let’s take a look at the top 2011 luxury homes sales in Loudoun. The top five homes sold, not unlike 2010, were all just about in the $2 million and above price range.

11409 Coyote Court, Sterling. $1,950,000. Listed by Janean Buchner of RE/MAX Select and sold by Robin Bono of Weichert Realtors after 165 days on market. The home is located in Cascade Estates (near the 8th hole at Trump National Golf Club) on over an acre of land, was built in 2001, with 9,600 finished square feet, an in-ground pool, and private putting green.

20443 St. Louis Road, Purcellville. $2,250,000. Listed by Gloria Rose Ott and sold by Cindy Polk, both of Armfield, Miller, and Ripley Fine Property, after 476 days on market. Combining two parcels for over 53 acres, this estate home has a newly remodeled main house with a sleeping porch, veranda, and in-ground pool. The guest house was built in 2009; the property features an equestrian facility.

15164 Berlin Turnpike, Waterford. $3 million. Listed by Jeffrey Stein of Tranzon Fox and sold by Sam Rees of Prudential Carruthers Realtors after 78 days on market. With numerous outbuildings,  and 27 acres of land (including a 7-acre pond) , the historic Wheatland Manor property dates back to 1741. The listing was shy on details but offered that the property could be used for a corporate retreat.

And the most expensive home in Loudoun County in 2011:

19786 Ebenezer Church Road, Bluemont. $4,500,000. Listed by Mary Ann McGowan and sold by Jim McGowan, IV, both from Thomas & Talbot Real Estate, the company that listed the most expensive home sold in 2010 as well. Built in 1998 and sited on 107 acres of land in western Loudoun, this home is over 10,000 finished square feet. Four fireplaces, five bedrooms, four full and two half baths, dual curved staircases,  in-ground pool, stocked pond, mountain views, guest house….you get the picture.  

See photos of these homes on Heather’s blog.

Heather Elias is a real estate blogger at LoCo Musings and agent with Century 21 Redwood Realty in Ashburn, Va.

By Heather Elias  |  03:52 PM ET, 01/09/2012

 
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