Fluvanna

CAAR Year-End Market Report 2010

January 10, 2011 by Sasha C. Farmer, REALTOR ® · 2 Comments 

CAAR is releasing it’s 4th quarter market report tomorrow, so this is fresh off the presses!

Some pieces that I thought were relevant if you’re in the market to buy or sell;

Good news for buyers;

Price Per Square Foot (Finished)—Pockets of Value for Buyers

The current area average of $139 per finished square foot is the lowest number since 2004, indicating true “pockets of value” for buyers. Prices declined for the past four years—a $32 per square foot drop since peaking for buyers in 2006.

And as I’ve been saying for months;

Greg Slater, 2010 CAAR President cautions that, “until the inventory reaches and maintains level we consider historically level, there will continue to be uncertainty in predicting the pace of sales and stability of pricing.”

Take a look for yourself and let me know your thoughts.  I will be running my own numbers next week.

2010 Year-End CAAR Market Report

Charlottesville365; 2010 Blue Ridge Home Builders Parade of Homes

October 4, 2010 by Sasha C. Farmer, REALTOR ® · Leave a Comment 

2010 Annual Parade of Homes!

The Blue Ridge Home Builders Parade of Homes is an annual Charlottesville tradition that always occurs across two weekends (this year- October 9-10 and October 16-17) and showcases the best in new construction that Charlottesville has to offer. I know that for many people in Charlottesville who like to keep their eye on real estate, this is one of the most fun real estate events of the year! What better than touring through beautiful mint condition homes that are decorated impeccably to get great new ideas for your own home?!

I just had the privilege of judging several of the homes for the “Realtor’s Choice Award” that is awarded annually for each price range, and here are a few of my favorites you should be sure to check out if you’re in the market for new construction!

• 838 Belvedere Boulevard; Belvedere (Wendell Gibson)
• 854 Belvedere Boulevard; Belvedere (Stonehaus)
• 760 Belvedere Boulevard; Belvedere (Piedmont Realty and Construction)
• 821 Cole Street; Belvedere (Southern Development)
• Blandemar Farm Estates (Doug Kingma)
• 848 Colridge Drive; Kenridge (Craig Builders) Attached Home.
• 2123 Sundown Court; Pavilions at Pantops (Southern Development) Attached Home.
• 5237 Raven Stone Road; Foothill Crossing (Craig Builders)
• 393 Claremont Lane; Old Trail (Craig Builders) Attached Home.
• 2580 Palmer Drive; Keswick Estates (Alexander Nicholson)
• 118 Turkey Trot Lane; Spring Creek (Piedmont Realty & Construction)

But I just bought a home/am not looking to buy a home!

Whether you are in the market to buy a home or are just looking for fun and interesting remodeling ideas for the home you’re already in, this is really an excellent opportunity to learn more about our local builders, learn about the local new construction landscape, and check out the new and upcoming trends in real estate construction.

For a full list of the 28 homes on display in the 2010 Parade of Homes, click here!

Just don’t get all googley-eyed and forget to involve your favorite Realtor!

Remember: If you are currently in the the market to buy a home, many of these developments are represented by salespeople who are employees of the builder and who aren’t licensed real estate professionals. I always recommend getting involved with a Realtor before making any significant real estate decisions!

Which home is your favorite??

Dates: Saturday October 9 – Sunday October 10, AND Saturday October 16 – Sunday October 17, 12P – 5P.

Below is a chunk of the full map that can be found on the Parade of Homes Site;

Local Utility Company Contact Information

July 10, 2010 by Sasha C. Farmer, REALTOR ® · Leave a Comment 

Fluvanna County Homes for Sale

July 7, 2010 by Sasha C. Farmer, REALTOR ® · Leave a Comment 

Showing properties 1 - 50 of 251. See more Fluvanna community real estate.
(all data current as of 2/9/2012)

1. $337,500 : 431 Cunningham Meadows Dr, PALMYRA
   
   4 beds, 3 full baths

   Home size: 2,411 sq ft

   Lot size: 21,780 sq ft
2. $229,900 : 20 Hatchechubee Rd, PALMYRA
   
   4 beds, 3 full baths

   Home size: 2,664 sq ft

   Lot size: 14,810 sq ft
3. $197,500 : 2541 Oliver Creek Rd, TROY (FLUVANNA)
   
   3 beds, 2 full baths

   Home size: 1,242 sq ft

   Lot size: 43,560 sq ft
4. $264,900 : 6 Trillium Ln (fluvanna), Unit 2, TROY (FLUVANNA)
   
   3 beds, 2 full baths

   Home size: 2,000 sq ft

   Lot size: 21,780 sq ft
5. $359,000 : 5 Meadow Brook Ln (fluvanna), TROY (FLUVANNA)
   
   4 beds, 2 full, 1 part baths

   Home size: 2,200 sq ft

   Lot size: 21,780 sq ft
6. $325,000 : 663 Covered Bridge Rd (fluvanna), KENTS STORE (FLUVANNA)
   
   3 beds, 1 full bath

   Home size: 2,048 sq ft

   Lot size: 104.80 ac
7. $224,900 : 2533 Kidds Dairy Rd, SCOTTSVILLE (FLUVANNA)
   
   3 beds, 2 full baths

   Home size: 2,000 sq ft

   Lot size: 2.62 ac
8. $295,000 : 565 Indian Pipe Run, PALMYRA
   
   3 beds, 2 full baths

   Home size: 1,881 sq ft

   Lot size: 17.34 ac
9. $139,000 : 124 Deerfield Rd, LOUISA (FLUVANNA)
   
   3 beds, 2 full baths

   Home size: 1,475 sq ft

   Lot size: 3.70 ac
10. $139,900 : 11 Kiowa Ln, PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,230 sq ft

    Lot size: 14,810 sq ft
11. $238,500 : 459 Jefferson Dr (fluvanna), PALMYRA
    
    4 beds, 2 full, 1 part baths

    Home size: 2,522 sq ft

    Lot size: 14,810 sq ft
12. $292,000 : 92 Old Ridge Ln, PALMYRA
    
    4 beds, 2 full, 1 part baths

    Home size: 2,930 sq ft

    Lot size: 2.14 ac
13. $169,000 : MLS # 495387 in PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,288 sq ft

    Lot size: 16,552 sq ft
14. $167,870 : 25 Ironhound Dr, TROY (FLUVANNA)
    
    3 beds, 2 full baths

    Home size: 1,372 sq ft

    Lot size: 18,730 sq ft
15. $299,992 : 58 Red Maple Ln, KESWICK (FLUVANNA)
    
    4 beds, 2 full, 1 part baths

    Home size: 2,056 sq ft

    Lot size: 2.00 ac
16. $156,500 : 550 Jefferson Dr (fluvanna), PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,624 sq ft

    Lot size: 16,552 sq ft
17. $170,000 : 116 Beechwood Ln (fluvanna), PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,456 sq ft

    Lot size: 4.00 ac
18. $250,000 : 7 Darby Ln (fluvanna), PALMYRA
    
    4 beds, 2 full, 1 part baths

    Home size: 2,062 sq ft

    Lot size: 14,810 sq ft
19. $225,000 : 5 Condor Rd, PALMYRA
    
    3 beds, 3 full baths

    Home size: 2,048 sq ft

    Lot size: 37,984 sq ft
20. $294,900 : 131 Lexie Ln, PALMYRA
    
    3 beds, 2 full, 1 part baths

    Home size: 2,224 sq ft

    Lot size: 18,295 sq ft
21. $65,000 : 498 Haden Martin Rd, PALMYRA
    
    3 beds, 1 full bath

    Home size: 1,000 sq ft

    Lot size: 2.00 ac
22. $368,500 : 7 Snead Ct, PALMYRA
    
    4 beds, 3 full, 1 part baths

    Home size: 3,256 sq ft

    Lot size: 40,075 sq ft
23. $200,000 : 474 Jefferson Dr (fluvanna), PALMYRA
    
    4 beds, 3 full baths

    Home size: 2,241 sq ft

    Lot size: 15,681 sq ft
24. $229,000 : 14 Brassie Ter, PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,670 sq ft

    Lot size: 19,166 sq ft
25. $180,000 : 21 Barrett St, PALMYRA
    
    3 beds, 3 full baths

    Home size: 1,544 sq ft

    Lot size: 18,077 sq ft
26. $399,000 : 27 Tanglewood Rd (fluvanna), PALMYRA
    
    4 beds, 4 full, 2 part baths

    Home size: 2,919 sq ft

    Lot size: 15,681 sq ft
27. $649,000 : 13 Corn Pone Ln, PALMYRA
    
    3 beds, 3 full, 1 part baths

    Home size: 2,406 sq ft

    Lot size: 34,891 sq ft
28. $298,405 : 74 Kathy Ct, PALMYRA
    
    4 beds, 2 full, 1 part baths

    Home size: 3,404 sq ft

    Lot size: 20,908 sq ft
29. $159,000 : 383 Ruritan Lake Rd (fluvanna), SCOTTSVILLE (FLUVANNA)
    
    3 beds, 2 full baths

    Home size: 1,300 sq ft

    Lot size: 2.01 ac
30. $378,000 : 1 Greenleaf Ln (fluvanna), PALMYRA
    
    4 beds, 3 full, 1 part baths

    Home size: 4,126 sq ft

    Lot size: 25,700 sq ft
31. $319,900 : 76 Kathy Ct, Unit A, PALMYRA
    
    5 beds, 3 full baths

    Home size: 3,121 sq ft

    Lot size: 23,086 sq ft
32. $299,900 : 76 Kathy Ct, PALMYRA
    
    4 beds, 3 full baths

    Home size: 2,108 sq ft

    Lot size: 23,086 sq ft
33. $210,000 : 10 Piedmont Ln (fluvanna), PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,804 sq ft

    Lot size: 14,810 sq ft
34. $625,000 : 32 Possum Ln, PALMYRA
    
    4 beds, 3 full baths

    Home size: 3,326 sq ft

    Lot size: 32,670 sq ft
35. $134,900 : 120 Pat Dennis Rd (fluvanna), SCOTTSVILLE (FLUVANNA)
    
    3 beds, 1 full, 1 part baths

    Home size: 2,060 sq ft

    Lot size: 1.10 ac
36. $479,000 : 30 Evergreen Ln (fluvanna), PALMYRA
    
    4 beds, 3 full baths

    Home size: 2,518 sq ft

    Lot size: 1.03 ac
37. $325,000 : 144 Otter Ct, SCOTTSVILLE (FLUVANNA)
    
    5 beds, 3 full baths

    Home size: 3,400 sq ft

    Lot size: 2.83 ac
38. $189,000 : 45 Stonewall Rd (fluvanna), PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,600 sq ft

    Lot size: 12,196 sq ft
39. $225,000 : 14 Tanglewood Rd (fluvanna), PALMYRA
    
    3 beds, 2 full, 1 part baths

    Home size: 1,800 sq ft

    Lot size: 13,068 sq ft
40. $235,000 : 532 Deep Creek Rd, BYBEE
    
    3 beds, 2 full baths

    Home size: 1,344 sq ft

    Lot size: 8.29 ac
41. $499,000 : 725 Windy Ridge Ln (fluvanna), SCOTTSVILLE (FLUVANNA)
    
    3 beds, 2 full baths

    Home size: 1,678 sq ft

    Lot size: 63.00 ac
42. $260,000 : 931 Jefferson Dr (fluvanna), PALMYRA
    
    3 beds, 3 full, 1 part baths

    Home size: 2,524 sq ft

    Lot size: 11,761 sq ft
43. $398,100 : 247 Hickory Hill Dr (fluvanna), SCOTTSVILLE (FLUVANNA)
    
    4 beds, 3 full, 2 part baths

    Home size: 4,312 sq ft

    Lot size: 10.00 ac
44. $222,190 : 25 Cunningham Meadows Dr, PALMYRA
    
    4 beds, 2 full, 1 part baths

    Home size: 2,832 sq ft

    Lot size: 22,215 sq ft
45. $215,910 : 4 Cunningham Meadows Dr, PALMYRA
    
    4 beds, 2 full, 1 part baths

    Home size: 2,710 sq ft

    Lot size: 25,700 sq ft
46. $205,000 : 303 Jefferson Dr (fluvanna), PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,631 sq ft

    Lot size: 14,810 sq ft
47. $545,000 : 11 Ironhound Dr, TROY (FLUVANNA)
    
    4 beds, 3 full baths

    Home size: 2,108 sq ft

    Lot size: 51.98 ac
48. $325,000 : 135 Tulip Dr, PALMYRA
    
    2 beds, 2 full baths

    Home size: 2,550 sq ft
49. $132,000 : 198 Orchard Park Rd, PALMYRA
    
    3 beds, 1 full bath

    Home size: 960 sq ft

    Lot size: 1.32 ac
50. $149,900 : 45 Laguna Rd, PALMYRA
    
    3 beds, 2 full baths

    Home size: 1,502 sq ft

    Lot size: 14,810 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Just Released: The CAAR First Quarter Market Report!

April 12, 2010 by Sasha C. Farmer, REALTOR ® · Leave a Comment 

This was just released, so I wanted to give people the opportunity to check it out. I will be reading it over and making some comments soon!

2010 1st Qtr CAAR Market Report – members.pdf

Just Released! The Charlottesville Area Association of Realtors' Year-End Market Report

January 14, 2010 by Sasha C. Farmer, REALTOR ® · Leave a Comment 

The Charlottesville Area Association of Realtors has just released it’s Year End Market Report this morning, and it includes some very valuable information that home buyers and sellers should really be aware of.

Click here to download and read the full report. 2009 CAAR Year-End Market Report

I will be doing a more thorough analysis this weekend, but until then, some of the salient points…

Some people have suggested that the first time home buyer credit hasn’t been effective, but I have completely disagreed with that, and while this data isn’t a clear indicator that the credit is working, it would suggest that more first time buyers (in the below $300,000 price range) have been in our market in Q4 2009, than we are typically used to.

As reported for the past two quarterly reports, significantly lower home prices (down 20% or more) are driving the pick-up in sales. In addition, the $8,000 tax credit for first time buyers supercharged the sale of starter homes (below $300,000) in 2009. 67.5% of home sales for the year were in this starter home category, which is approximately a 10% increase in this category.

- CAAR Year End Market Report.

One thing to be aware of is the average price per square foot we’re seeing across the different counties. This is one of the more profound ways to see that our pricing has returned to that of 2005 levels (at least), if not gone lower. My personal belief is that our prices are actually closer to what they were in 2004. Take a look at the $/SF analysis below to see how your county has fared.

Price Per Square Foot (Finished)

Another indicator that allows us to see the decline in home prices is a major drop in the price per square foot numbers. The average price per square foot of finished space in homes is not a scientific number, but a downward trend over the years clearly indicates a decrease in prices (and vice versa). According to the chart below, prices peaked in 2006 and have declined for the past three years. There has been a $28 per square foot drop since the peak in 2006. The current $143 per square foot is the lowest number since 2004.

- CAAR Year End Market Report.

According to the CAAR Year End market Report, our inventory of homes is slowly declining. Of course this was the main aim of the First TIme Home Buyer tax credit, and we are all anxious to see what will happen to inventory once it expires.

Inventory of Homes for Sale

“The inventory of homes for sale in the Charlottesville has continued to decline very slowly. As we have reported for the past several quarters, the excess of inventory is causing many of the problems with our local housing market. The decline in inventory is very encouraging, but we will still have too many homes on the market for the current demand. This could change very quickly going into the busy spring market.”

- CAAR Year End Market Report.

Average Days on Market

One piece of information that I always want future sellers to be acutely aware of is the average days on market. The days on market is a measure of homes SOLD BY AN AGENT THROUGH THE MLS, and how long they’re taken on the market being actively marketed before they have sold. This number does not include some very high days on market numbers for all of the homes that never sell, it only calculated DOM for solds, so it is artificially lower than days on market of ALL HOMES. If you are thinking of selling your home in the near future, you need to be acutely aware of the average days on market for your county and be sure to give your real estate agent a reasonable amount of time to accomplish your goals.

Will be elaborating more on this report later, but would love some questions from all of you!

New Tax Credit for Current Home Owner's Making a Home Purchase and the Extended First Time Buyer Credit

November 7, 2009 by Sasha C. Farmer, REALTOR ® · Leave a Comment 

Today, President Obama signed off on the Extended Home Buyer Tax Credit, now to include a credit for current Home Owners.

This new initiative will continue the current $8,000 first time home buyer credit to eligible participants until 2010- July 1, 2010 to be exact, which is when all closings must have occurred. In order to be eligible for this credit, you must have the property under contract no later than April 30, 2010.

It has also expanded the credit to current home owners. Anyone who has used their residence as a primary residence consecutively for 5 our of the last 8 years are also eligible for a tax credit when making their next home purchase. This is a $6,500 credit and the same deadlines still apply; April 30, 2010 for homes to be under contract, and July 1, 2010 for the sale to have closed.

Many of the details are explained in the following PDF document- please contact me with any specific questions!

Click here to download the November 7, 2010 Extended and Expanded Tax Credit.

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