Nelson

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

Local Utility Company Contact Information

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

Nelson County Homes for Sale

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

Showing properties 1 - 50 of 292. See more Nelson community real estate.
(all data current as of 2/9/2012)

1. $349,500 : 150 Apple Blossom Ct (nelson), WINTERGREEN (NELSON)
   
   3 beds, 2 full, 1 part baths

   Home size: 2,317 sq ft
2. $629,000 : 38 Den Tree Ln, WINTERGREEN (NELSON)
   
   4 beds, 4 full, 1 part baths

   Home size: 3,318 sq ft

   Lot size: 19,166 sq ft
3. $259,000 : 11304 Crabtree Falls Hwy, TYRO
   
   2 beds, 1 full, 1 part baths

   Home size: 1,165 sq ft

   Lot size: 1.20 ac
4. $275,000 : 15 Ivy Glen Ln (nelson), Unit 15, WINTERGREEN (NELSON)
   
   4 beds, 3 full, 1 part baths

   Home size: 1,960 sq ft
5. $34,900 : 554 Harvey Rd (nelson), ARRINGTON
   
   3 beds, 1 full bath

   Home size: 990 sq ft

   Lot size: 10,018 sq ft
6. $234,900 : 261 Crawfords Knob Ln, AFTON (NELSON)
   
   3 beds, 2 full baths

   Home size: 1,434 sq ft

   Lot size: 2.06 ac
7. $249,000 : 193 Lodebar Est, NELLYSFORD
   
   3 beds, 2 full baths

   Home size: 1,439 sq ft

   Lot size: 6.67 ac
8. $649,000 : 618 Devils Knob Loop (nelson), WINTERGREEN (NELSON)
   
   5 beds, 4 full, 1 part baths

   Home size: 3,350 sq ft

   Lot size: 27,007 sq ft
9. $365,000 : 2811 Afton Mountain Rd, AFTON (NELSON)
   
   3 beds, 3 full baths

   Home size: 3,172 sq ft

   Lot size: 4.60 ac
10. $199,900 : 123 Ridge St (nelson), LOVINGSTON
    
    3 beds, 2 full, 1 part baths

    Home size: 2,408 sq ft

    Lot size: 24,393 sq ft
11. $284,900 : 388 Turkey Ln (nelson), FABER (NELSON)
    
    3 beds, 2 full, 1 part baths

    Home size: 1,950 sq ft

    Lot size: 3.00 ac
12. $619,000 : 174 Millies Ln, NELLYSFORD
    
    3 beds, 2 full, 1 part baths

    Home size: 2,608 sq ft

    Lot size: 2.64 ac
13. $129,900 : 1477 Ledges Condos, WINTERGREEN (NELSON)
    
    1 bed, 1 full bath

    Home size: 880 sq ft
14. $129,500 : 701 Laurelwood Condos, WINTERGREEN (NELSON)
    
    2 beds, 2 full baths

    Home size: 972 sq ft
15. $674,000 : 18 Coopers Vantage, WINTERGREEN (NELSON)
    
    5 beds, 3 full, 1 part baths

    Home size: 3,798 sq ft

    Lot size: 24,393 sq ft
16. $199,375 : 403 Three Ridges Condos, WINTERGREEN (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,248 sq ft
17. $374,900 : 12828 Crabtree Falls Hwy, MONTEBELLO
    
    2 beds, 2 full baths

    Home size: 1,400 sq ft

    Lot size: 9.70 ac
18. $599,000 : 349 Wood Nettle Ln, NELLYSFORD
    
    3 beds, 2 full, 1 part baths

    Home size: 2,779 sq ft

    Lot size: 43,560 sq ft
19. $179,500 : 1067 Tye Brook Hwy, PINEY RIVER (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,244 sq ft

    Lot size: 9.70 ac
20. $697,500 : 5725 Taylor Creek Rd (nelson), AFTON (NELSON)
    
    4 beds, 2 full, 1 part baths

    Home size: 2,800 sq ft

    Lot size: 74.50 ac
21. $399,000 : 385 Wood Nettle Ln, NELLYSFORD
    
    3 beds, 2 full, 1 part baths

    Home size: 3,293 sq ft

    Lot size: 32,670 sq ft
22. $234,500 : 8485 Laurel Rd (nelson), SHIPMAN
    
    2 beds, 2 full baths

    Home size: 1,459 sq ft

    Lot size: 15.66 ac
23. $372,000 : 62 Summit Ct (nelson), ROSELAND
    
    3 beds, 3 full baths

    Home size: 3,628 sq ft

    Lot size: 4.55 ac
24. $359,000 : 457 E Catoctin Dr (nelson), WINTERGREEN (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,257 sq ft

    Lot size: 16,117 sq ft
25. $425,000 : 326 Laurel Springs Dr (nelson), WINTERGREEN (NELSON)
    
    4 beds, 2 full, 1 part baths

    Home size: 1,952 sq ft

    Lot size: 18,295 sq ft
26. $349,326 : 71 Brimstone Dr, WINTERGREEN (NELSON)
    
    3 beds, 3 full baths

    Home size: 2,000 sq ft

    Lot size: 16,988 sq ft
27. $99,900 : 235 Woodland Ln, AFTON (NELSON)
    
    4 beds, 1 full bath

    Home size: 1,680 sq ft

    Lot size: 17,859 sq ft
28. $549,000 : 22 Tyro Ct, WINTERGREEN (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,450 sq ft

    Lot size: 8,712 sq ft
29. $203,000 : 2142 Fairway Woods, WINTERGREEN (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,271 sq ft
30. $399,950 : 15 Shenandoah Ridge Ct, WINTERGREEN (NELSON)
    
    5 beds, 4 full, 1 part baths

    Home size: 2,280 sq ft
31. $90,000 : 1219 Perry Ln (nelson), LOVINGSTON
    
    3 beds, 2 full baths

    Home size: 1,248 sq ft

    Lot size: 8.11 ac
32. $248,000 : 1922 High Ridge Pl Condos, WINTERGREEN (NELSON)
    
    2 beds, 2 full baths

    Home size: 1,182 sq ft
33. $297,000 : 19 Meadow Ln (nelson), MONTEBELLO
    
    3 beds, 2 full, 1 part baths

    Home size: 2,400 sq ft

    Lot size: 2.13 ac
34. $100,000 : 1575 Vistas Condos, Unit 1575, WINTERGREEN (NELSON)
    
    1 bed, 2 full baths

    Home size: 850 sq ft
35. $79,900 : 11295 Thomas Nelson Hwy, LOVINGSTON
    
    1 bed, 1 full bath

    Home size: 768 sq ft

    Lot size: 10.00 ac
36. $379,535 : 706 Shamokin Springs Trl, WINTERGREEN (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,987 sq ft

    Lot size: 22,215 sq ft
37. $229,000 : 18 Windy Acres Cir, AFTON (NELSON)
    
    3 beds, 2 full baths

    Home size: 1,734 sq ft

    Lot size: 1.23 ac
38. $128,500 : 166 Mountain Inn Condos, WINTERGREEN (NELSON)
    
    1 bed, 1 full bath

    Home size: 575 sq ft
39. $148,900 : 754 Laurelwood Condos, WINTERGREEN (NELSON)
    
    2 beds, 2 full baths

    Home size: 900 sq ft
40. $189,000 : 1029 Rockfish Crossing, SCHUYLER (NELSON)
    
    3 beds, 1 full bath

    Home size: 1,440 sq ft

    Lot size: 3.84 ac
41. $129,800 : 42 Turner Ln (nelson), ARRINGTON
    
    3 beds, 2 full baths

    Home size: 2,456 sq ft

    Lot size: 2.00 ac
42. $740,000 : 1282 Blue Ridge Dr (nelson), WINTERGREEN (NELSON)
    
    4 beds, 4 full baths

    Home size: 3,292 sq ft

    Lot size: 21,780 sq ft
43. $398,000 : 60 West Elkwood Dr, WINTERGREEN (NELSON)
    
    4 beds, 2 full baths

    Home size: 1,804 sq ft

    Lot size: 23,086 sq ft
44. $599,000 : 59 Timber Ridge Ln (nelson), WINTERGREEN (NELSON)
    
    5 beds, 3 full baths

    Home size: 3,012 sq ft

    Lot size: 26,136 sq ft
45. $491,500 : 1881 Wintergreen Dr (nelson), WINTERGREEN (NELSON)
    
    5 beds, 4 full, 1 part baths

    Home size: 3,006 sq ft

    Lot size: 30,927 sq ft
46. $94,900 : 726 Laurelwood Condos, Unit 726, WINTERGREEN (NELSON)
    
    1 bed, 1 full bath

    Home size: 670 sq ft
47. $139,000 : 487 Three Ridges Condos, Unit 487, WINTERGREEN (NELSON)
    
    2 beds, 2 full baths

    Home size: 906 sq ft
48. $348,000 : 1620 Overlook Condos, WINTERGREEN (NELSON)
    
    2 beds, 2 full baths

    Home size: 1,248 sq ft
49. $215,000 : 329 Dobie Condos, WINTERGREEN (NELSON)
    
    2 beds, 2 full baths

    Home size: 1,020 sq ft
50. $199,500 : 18 Trillium Pl, WINTERGREEN (NELSON)
    
    2 beds, 2 full, 1 part baths

    Home size: 1,379 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!

Blue Ridge Outdoors Reader Poll Reveals Several Charlottesville Favorites!

January 9, 2010 by Sasha C. Farmer, REALTOR ® · 1 Comment 

The Blue Ridge Outdoors January Issue “Best of the Outdoors” article highlights several beautiful areas in Charlottesville. This article is reader voted- polling readers from Baltimore to Atlanta to pick their favorites of the Blue Ridge.

Here are a few of the places that Charlottesville was competitive;

1. Favorite Section of the Blue Ridge Parkway; Humpback Rock voted #3!
2. Favorite Waterfall Section in the Blue Ridge; Crabtree Falls is voted #1! (biggest waterfall East of the Mississippi)- Nelson County
3. Best Ski Runs in the Blue Ridge; Wintergreen Resort Cliffhanger mile long run voted #2!
4. Best Snowboarding Event in the Blue Ridge: Blue Ridge Double Cross voted #1!
5. Favorite Section of the Appalachian Trail: Shenendoah National Park Section voted #5!
6. Best Road Race: The Charlottesville Ten Miler voted #5!
7. Favorite Terrain park: Wintergreen Terrain Park voted #6!

Check out the full video interview of Tom Daly, from Blue Ridge Outdoors on the Newsplex website here and be sure to read the full article at the Blue Ridge Outdoors website here!

Photo Credit: http://www.blueridgelocksmithing.com

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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