Virginia is the top state for business 2019, according to CNBC.

Virginia is the top state for business 2019, according to CNBC. 

According to a new CNBC study, Virginia is the top place for business in 2019, and Northern Virginia is just the place to plant your company. This the fourth time in 13 years that Virginia has been named to the top spot, and why not?

John Handley High School - Winchester, VA
John Handley High School – Winchester, VA

Amazon decided to place its second headquarters in Northern Virginia, Proctor and Gamble just built a huge manufacturing plant at the Virginia – West Virginia border, the FBI just built a new facility in Winchester, VA and the list goes on and on. The network of highways, inland ports and access to rail and waterways make Virginia a jewel for businesses. 

The CNBC study states that Virginia offers “the best workforce in the country.” The study also revealed that nearly 38% of the population has at least a bachelor’s degree, placing the state in the top ten most educated states in the country. The education levels of average Virginians are critical for the Tech Corridor in Loudoun County. “Virginia has the nation’s fourth highest concentration of crucial science, technology, engineering and math (STEM) employees, making up 9% of the workforce in 2018 (CNBC).”

As a proud Virginian, I could have told you this without a study, but I am a biased business owner. Virginia offers both metropolitan, suburban and rural living opportunities. In the northern part of the state, Winchester, VA has been cited multiple times in the past decade as a great place to start a business and to retire. No matter what brings you to Virginia, we’re glad you’re here. Virginia is open for business. 

This post was originally posted at Virginia is the top state for business 2019, according to CNBC. 


Canter Estates Subdivision, Stephens City, VA – Homes Sales – 2019

Canter Estates Subdivision, in Stephens City, VA, is a highly desirable and perfectly positioned subdivision in the Winchester-Frederick County, VA real estate market. It is located on the south-east side of Stephens City and just south of Winchester, VA. With access to Rt 66, Rt 50, Rt 522, Rt 7, Rt 340 and I81 just minutes away, it makes it the perfect place to live for commuters who are making the trek into the DC Metro area for work. The Winchester-Frederick area is a popular bedroom community for metropolitan commuters.

The neighborhood is made up of a variety of home styles, shapes and sizes. It is not a one- size-house fits all neighborhood that so many track-built neighborhoods reflect. It has a nice variety of home types with an equestrian flare. K Hovnanian and Ashbrooke Homes were two of the primary builders in the early stages of the subdivision.

Canter Estates Subdivision, Stephens City, VA - Homes Sales - 2019

The streets are named with different horse themes, such as: Clydesdale Dr, Corrall Dr, Brabrant Dr and Laredo Ct. The Winchester-Frederick-Clarke County areas are known for their horse farms. The streets of Canter Estates are a good reflection of those images.

Because of the high desirability of the neighborhood, residents rarely move. It has not been unusual to see a year where previously built home sales were in the single digits. When owners do decide to sell, home-buyers have to act fast to secure an available listing. There are currently three available homes for sale in Canter Estatesand one coming soon. There are also two pending sales.

Over the past six months, seven homes have sold in Canter Estates. The average sold property had four bedrooms and 2.5 baths. The average sold price was $334,399, and the average days on the market was 66. 

The neighborhood was hit heavily by the real estate downturn in the Fall of 2008, but it has shown incredible resilience. There has only been one foreclosure over the 2018-2019 real estate market thus far. The recession saw its greatest impact in 2010 and 2012, which each year had seven REOs. The recession came like a gentle wave, followed by a tidal-wave and then a quiet calm after the storm. That has been true of many neighborhoods in the area, but Canter Estates showed a much faster settling back into a healthy status than many. 

Canter Estates subdivision is part of the Stephens City, VA real estate market. Stephens City is part of the greater Winchester-Frederick. The Stephens City market boosts of 29% of total real estate sales in the area for 2018. When the size of the Stephens City market is factored in over the entire Winchester-Frederick County real estate market, that is incredible. No other area in the local market even comes close. 

Canter Estate home sales are healthy and growing and those who have had the privilege of buying in the community have been able to see their investments increase in value with time, while they enjoy the benefits of a great Frederick County neighborhood. 

When you’re ready to buy or sell in Canter Estates, give us a call. Cornerstone Business Group, Inc., is your local neighborhood sales pro for Canter Estates, Stephens City, VA

Leesburg, VA Home Sales 2018

Leesburg, VA is a small community on the western side of Loudoun County, VA. It is a community of 49,496. The real estate market is influenced by its eastern neighbors in Ashburn and Sterling, VA. The average Leesburg, VA home sale in 2018 was $530,652. That is consistent across the more eastern communities of Loudoun County.

Leesburg, VA Home Sales: Average Sales Price

Leesburg, VA home sales were down slightly in 2018. The total number of sales was 1,469. The previous year, 2017, was 1591 and 2016 was 1606. The 2017-2018 drop was a whopping 7.7%. The drop from 2016 to 2018 was 8.5%. What’s the cause? It would be hard to speculate at this early stage, but the lack of inventory from mid-2016 to early 2018 is most likely the primary cause.

The good news for Leesburg, VA home sales is the value of homes sold. The average home price did increase in value from year to year for the past three years. In 2016, the average home sale was $491,410. The average sale price climbed 3.6% in 2017 to $508,910, and the average sale price went up again in 2018 to $530,652.

Leesburg, VA Home Sales: Distressed Properties 2018

The Leesburg, VA real estate market has seen a consistent decline in distressed property sales for the past three years. Distressed properties are made up of short sales and foreclosures. In 2018, the total number of distressed properties in the Leesburg, VA home sales were 37, or 2.5%. That was down from 4% in 2017 and 5.5% in 2016. 

Overall, the Leesburg, VA home sales market is strong. Prices are up, distressed properties are down, days on the market have declined, but the nagging number of sales may be worth watching the first quarter of 2019. When you’re ready to buy or sell in the Leesburg, VA real estate market, give Cornerstone Business Group, Inc. a call. We are your local real estate sales pros. 

This post was originally posted at Leesburg, VA Home Sales 2018.

Sterling, VA 2018 Real Estate Market Update

The Sterling, VA 2018 real estate market showed a pull-back in real estate sales from the two previous years. The total number of sales was 1302 compared to 1348 in 2017 and 1346 in 2016. That’s a 3.4% decline in total home sales year to year.

There is good news for home sellers in Sterling, VA. The average sales price climbed another 2.4% from 2017 to 2018. The 2018 average home sale price was $431,727 compared to $421,780 in 2017. The 2016 to 2018 average sales price rose 7.9%.

The biggest change in the Sterling, VA real estate market was seen in the number of distressed properties. Distressed properties are made up of foreclosures and short sales. In 2016, the Sterling, VA real estate market had a 5.5% distressed property rate. The number dropped a little in 2017. The 2017 distressed property sales came in at 3.9%, but 2018 dropped another 50% to 1.7% of total sales. That is a great sign of a healthy market.

The drop in distressed properties is a contributor to higher home values in Sterling, VA. The increase in average sales prices show that, but the decline in total sales is something worth watching. It’s only 3.4% year to year, but it should be monitored.

Overall, Sterling has a steady real estate market. At this stage, there is nothing pointing to a negative change in the current market. When you’re ready to buy or sell in the Sterling, VA real estate market, give Cornerstone Business Group, Inc., a call. We are your local real estate sales pros.