Spring is in full bloom and fortunately, the housing market is beginning to show signs of recovery. Real estate activity, including both traffic and sales, is continuing to increase. The forecasters indicate we should be close to a normal housing market (sales volume) by the end of 2012.

As evidence that the market is improving, we have finalized a contract with NVR/Ryan Homes for the purchase of 56 single-family home sites adjacent to the existing Stonehouse Glen neighborhood. We have begun construction on the first phase of 18 lots and hope to complete this phase by the end of August. Ryan Homes began marketing the home sites and has two reservations and several more working. Ryan Homes also has plans to begin construction of a new model home this summer.

We are in discussions with several small, local, semi-custom builders regarding a builder program for proposed golf course home sites in Mill Pond. The home sites would be located on the north side of Fieldstone Parkway close to the main Stonehouse entrance. We hope to be able to announce a formal program in the next couple of months.

Laurel Grove Park pool and clubhouse are now open. The two-story clubhouse features a 24-hour fitness facility, a spacious clubroom that is ideal for private parties and functions, and an expansive deck overlooking the pool complex. There are two separate pools…..a Jr-Olympic size pool and a splash pool for the children. A playground area is also a part of the amenity package.

We continue to develop our plans for the second annual Stonehouse Fall Festival. The festival will be held on Saturday, September 17th and will focus once again on music, art and the natural environment. We will have more details to share as the summer progresses.

Tom Page
Vice President, General Manager
GS Virginia/Stonehouse