As one would expect with reasonably positive national economic news, real estate markets would continue a general recovery. Clearly month to month variations are fairly common, particularly today with the extended time involved in loan processing and actually getting a sold home to closing. Additionally, there are significant variations in home price gains and losses in regional markets reflecting Continue Reading
Hot Water Heater Could be an Issue for you next month.
Next month the Department of Energy will be implementing new manufacturing specifications for hot water heaters, so your current hot water heater will no longer be available to purchase for replacement. This may be an ISSUE if your current water heater is located in a small area such as a crawl space, stairwell or closet. The new hot water heater that will be manufactured for sale will be larger Continue Reading
January 2014-Real Estate Trends- Orange County Virginia
Clearly the weather put a chill on the real estate markets in the first month of 2014. Real Estate Business Incorporated (RBI) reported that January 2014 saw a decline of over 50% in the number of units sold from January a year ago. There were no homes sold priced over $300,000 and the majority of homes sold were priced under $150,000 indicating that demand for mid to higher price homes has still Continue Reading
November Orange County Real Estate Trends
The November weather mirrored the Real Estate market with dropping temperatures corresponding to dropping sales as sales volume was down over 30 percent from a year ago. A bit of good news was that the 16 homes that sold in Orange County showed a 40 decline in the days on the market (DOM) but the average home sales price rose by less than 1 percent. Unfortunately for those with higher priced Continue Reading
September 2013- Orange County Real Estate Trends
According to RBI, LLC., the dollar value of homes sold in September 2013 increased almost $4 million from September 2012, representing a 56% increase from a year ago. This reflects the fact that there was a corresponding increase of 37% in the number of homes sold as well, with a slight increase of 13% in the average price sold compared to September 2012. In comparing the real estate trends Continue Reading
Lake of the Woods Real Estate Trends- September 2013
Real Estate trends in Lake of the Woods and Locust Grove, Va. for the month of September were in line with the overall trends for Orange County. The number of homes sold in Locust Grove increased nearly 24% from September a year ago with 26 homes sold compared with 21 in September 2012. The dollar value increased over 56% by almost $2.5 million. Additionally the days on the market decreased 17% Continue Reading
Montpeiler Races- 2013
Montpelier Races-2013 One of the premier events in Orange County will be held this Saturday, November 2nd, the Montpelier Races will be held at the Montpelier Estate, the home of President James Madison, the 4th President of the United States. This annual event has been continuously held since 1934, when Marion DuPont Scott, America’s First Lady of racing, inaugurated this great Orange County Continue Reading
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