- The Washington Times - Thursday, December 1, 2005

The condominium market in Northern Virginia, like the rest of the real estate market, has been a true seller’s market for the past few years, with buyers increasingly competing for an inventory of homes that could not meet the pent-up demand for this type of housing.

Also like the rest of the real estate market during the past few months, the condominium market has experienced an increase in inventory and a decrease in the number of sales. Yet despite the increased number of homes for sale and the slower pace of condominium buying, prices have not yet begun to slip.

The Greater Northern Virginia Area Home Sales Report from the Northern Virginia Association of Realtors (NVAR) shows that the number of condominiums and cooperatives newly listed for sale grew from 842 in October 2004 to 2,767 in October 2005. While inventory increased dramatically, sales of condominiums and cooperatives slowed from 993 in October 2004 to 696 in October 2005.

Condominiums appeal to a variety of buyers for different reasons, including empty nesters looking for a low-maintenance lifestyle, young buyers looking for an affordable first-time home and buyers of all ages wanting to live near transportation and entertainment centers where condominiums are often built.

Though condominiums traditionally are available in high-rise buildings with elevators or low-rise garden-style arrangements of three or four levels, developers increasingly are building two-, three- or even four-level town-house-style condominiums.



The following sampling of condominiums in Northern Virginia includes all of these types of homes, including new developments and conversion projects that offer upgraded and renovated condominiums that originally were rental homes.

Though the majority of condominiums are found in Arlington County and along the Metro line, condominiums also are increasingly popular in the more distant suburbs of Loudoun and Prince William counties.

NVAR statistics show the average price for a condominium in Loudoun County in October 2005 rose to $296,183, compared to an average price of $161,347 in October 2004.

In Prince William County, the average condominium was priced at $269,638 in October of this year, compared with $205,190 in October 2004.

LOUDOUN COUNTY

At the Commons at Bellemeade in Leesburg, Comstock Homes Inc. is building a community of midrise condominiums near the Leesburg Corner Premium Outlets, Va. Route 7 and historic Leesburg. The development includes a clubhouse, fitness center, swimming pool, tennis courts and racquetball courts. The homes have one or two bedrooms, one or two baths and a laundry room.

Some homes have balconies or patios, cathedral ceilings and fireplaces.

Base prices range from $174,900 to the $280,000s, with monthly condominium fees yet to be determined.

Call 703/777-9480 or visit www.CommonsAtBellemeade.com.

As part of the planned community of Stone Ridge, Van Metre Homes is building the Stone Springs condominiums, which are priced from the low $400,000s, with condominium fees of $170 per month and a homeowners association fee of $60 per month.

In addition to the recreational amenities of Stone Ridge, including swimming, a fitness center, a clubhouse and more, these town-house-style condominiums offer front porches, stone and brick fronts and two to four levels of living space with 1,400 to 2,100 square feet, two to three bedrooms and two or 31/2 baths.

Call 703/542-2863 or visit www.VanMetreHomes.com.

At Brambleton, a planned community near Ashburn with myriad recreational amenities, high-speed Internet access and the upcoming Brambleton Town Center, Centex Homes is building condominiums priced from $375,990, with condominium fees of $151 per month. The Sky Meadows Condominiums are “two-over-two”-style buildings with two two-level homes stacked on top of each other.

The homes include three bedrooms, 21/2 baths and a one-car garage and have approximately 1,650 to 2,350 square feet.

Call 866/249-0787 or visit www.CentexHomes-DCMetro.com.

Beazer Homes Inc. is building four-story condominium buildings at Brambleton with two-level homes, each with three bedrooms, 21/2 baths and a one-car garage.

The homes have from 1,547 to 2,215 finished square feet, with base prices from the upper $300,000s to the mid-$400,000s, with a condominium fee of $360 monthly.

Call 703/327-3369 or visit www.Beazer.com.

Condos at Summerfield at Brambleton Town Center, priced from the mid-$300,000s to the low $400,000s, with monthly condominium fees from about $250 to about $350, feature one-level homes with one to three bedrooms and one or two baths, and two-level town-house-style homes with one or two bedrooms and one or 21/2 baths. The community, built by Monaco Development LLC is almost sold out.

Call 703/542-6888 or visit www.summerfieldcondos.com.

Comstock is building two-bedroom condominiums at the Villas at Countryside, priced from the mid-$200,000s to the low $300,000s and condominium fees of $220 to $271 per month.

The homes are within walking distance of shops, restaurants and movie theaters, and a few minutes away are community swimming pools, tennis courts, walking trails and tot lots.

Call 571/434-0722 or visit www.comstockhomes.com.

Toll Bros. Inc. is building 300 one-, two- and three-bedroom condominiums at Stratford Club in Leesburg, a community with a cyber-cafe, a clubhouse, a resort-style swimming pool, a picnic pavilion, a barbecue area, a gazebo and a fitness center.

Some of the homes include lofts. Each has a patio or balcony, a gas fireplace, a computer alcove and a one-car garage.

Prices range from the mid-$200,000s to the $400,000s, with condominium fees averaging $250 per month for the two-bedroom models.

Call 703/443-2350 or visit www.stratfordclub.com.

Bozzuto Homes Inc. is building condominiums at the Arbors at Broadlands adjacent to the Stream Valley Park, with a swimming pool for condominium residents. Residents also will have access to the recreational amenities of Broadlands.

The one, two and three-bedroom homes have 869 to 1,405 square feet.

The homes are priced from the upper $200,000s, with condominium fees yet to be determined.

Call 703/858-5284 or visit www.arborsatbroadlands.com.

At Belmont Country Club, Toll Bros. is building single-level and multilevel condominiums known as the Ridges, each with a one-car garage and a private entrance. Residents of the Ridges will enjoy all the amenities of Belmont Country Club, including the golf course, recreation center and swimming pool and hiking trails.

The homes are priced from the mid-$300,000s to the low $400,000s, with monthly condominium fees of $335.

Call 703/858-7455 or visit www.belmontcountryclub.com.

Ryan Homes is building condominiums at Kirkpatrick Farm, a planned community in Aldie with mountain views and recreational amenities including swimming pools, ball fields, tot lots and walking trails.

Equestrian trails and the shops and restaurants of Middleburg and South Riding are nearby.

Each of these two-over-two-style condominiums has two levels, with a one-car garage, three bedrooms and 21/2 baths.

The homes are priced from the upper $300,000s to the low $400,000s, with condominium fees of $170 to $270 per month.

Call 703/929-6840 or visit www.ryanhomes.com.

PRINCE WILLIAM COUNTY

At Belmont Bay in Prince William County, several condominiums are being built. The planned community includes a golf course and a marina.

Centex is building condominiums at Belmont Bay with one-car garages, priced from the mid-$400,000s to the low $500,000s, with condominium fees of $146 plus an additional homeowners association fee of $47 per month. These one-level homes are built in two-level buildings, and each home has three bedrooms, two full baths and approximately 1,584 to 2,100 square feet.

Call 888/357-8290 or visit www.CentexHomes-DCMetro.com.

Comstock has 10 loft-style condominiums in five-story elevator buildings with garage parking available at Belmont Bay. Prices range from the $300,000s to the $800,000s with condominium fees of $195 to $395 per month depending on the size of the home.

Call 703/491-2600 or visit www.comstockhomes.com.

Twenty-eight waterfront condominiums are being sold at HarborSide at Belmont Bay, priced from the $400,000s, with condominium fees ranging from $316 to $491 per month. The community is being developed by EFO Capital Management Co. Call 703/ 491-9000 or visit www.HarborSideCondo.com.

At the Commons on William Square in Woodbridge, Comstock is building two-level condominiums with garages and up to 2,000 square feet of living space. These homes, located just off Interstate 95 near the Prince William Parkway, are priced from the high $300,000s with condominium fees of $160 per month.

Call 703/490-9790 or visit www.comstockhomes.com.

At River Oaks in Woodbridge, Brookfield Homes Corp. is building midrise condominiums with two to four bedrooms and two or three full baths in a community with a swimming pool and clubhouse.

The homes are priced from the mid-$300,000s to the mid-$400,000s, with condominium fees yet to be determined.

Call 703/441-0619 or visit www.BrookfieldHomes.com.

At Manassas Park Station, Centex is building all-brick one- and two-level condominiums. This community, close to the Manassas Park Virginia Railway Express Station, has one-level condominiums in midrise buildings, priced from the low $300,000s with a monthly condominium fee of $185.

The two-level town-home-style condominiums, stacked two-over-two, are priced from the mid-$300,000s and include two or three bedrooms, 21/2 baths and one-car garage.

Condominium fees for these homes, which require less maintenance, are $95 per month.

Call 866/323-0696 or visit www.CentexHomes-DCMetro.com.

Comstock is offering one-, two- and three-bedroom flats along with two-level condominiums with garages at the Commons at Barrington Park in Manassas. The homes are priced from $249,900 to $399,900, with condominium fees yet to be determined.

Call 703/368-3933 or visit www.comstockhomes.com.

At Crestwood in Manassas, NVP Inc. is building condominiums across the street from Rosemont-Lewis Park near the Manassas Mall. These brick-front buildings include 21 condominiums, each with one bedroom with a walk-in closet, a den, a great room, a center-island kitchen and a patio or balcony. The homes are priced from the upper $200,000s, with condominium fees of $190 per month. Call 703/330-6263 or visit www.NVPinc.com.

At Village Place in Gainesville near Interstate 66 and U.S. Route 29, Centex is building two-over-two-style two-level condominiums with one-car garages, priced from the $300,000s, with condominium fees of $163 per month.

The homes have 1,272 to 1,773 finished square feet, with two or three bedrooms and 21/2 baths.

Call 866/301-2550 or visit www.CentexHomes-DCMetro.com.

At the Parks at Piedmont, a planned community near Haymarket, Engle Homes Inc. is building condominiums with three or four levels and a one-car garage.

Each home has three bedrooms, 21/2 baths and a loft office space.

Residents can enjoy community amenities such as a golf course, a clubhouse with a business center, a resort-style swimming pool and an athletic center. Prices begin in the upper $300,000s, with condominium fees of $240 per month.

Call 703/754-7170 or visit www.EngleHomes.com.

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