Waynesboro
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
Waynesboro Homes for Sale
July 7, 2010 by Sasha C. Farmer, REALTOR ® · Leave a Comment
Showing properties
1 - 46 of 46.
See more Waynesboro community real estate.
(all data current as of
2/9/2012)
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$369,000 : 148 Ana Marie Blvd, WAYNESBORO (CITY OF)4 beds, 3 full baths
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3 beds, 2 full, 1 part baths
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$195,000 : 117 Forever Ct, WAYNESBORO (CITY OF)3 beds, 2 full, 1 part baths
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3 beds, 1 full bath
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$150,000 : 423 N Delphine Ave, WAYNESBORO (CITY OF)3 beds, 2 full baths
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$195,555 : 650 Edwardian Ln, WAYNESBORO (CITY OF)4 beds, 2 full, 1 part baths
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4 beds, 3 full baths
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$127,500 : 501 N Delphine Ave, WAYNESBORO (CITY OF)3 beds, 1 full bath
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$64,900 : 303 N Delphine Ave, WAYNESBORO (CITY OF)4 beds, 2 full, 1 part baths
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3 beds, 2 full baths
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3 beds, 2 full baths
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$159,900 : 204 Evershire St, WAYNESBORO (CITY OF)3 beds, 2 full baths
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$139,900 : 349 Elkin Ave, WAYNESBORO (CITY OF)3 beds, 2 full baths
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2 beds, 1 full bath
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3 beds, 1 full bath
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5 beds, 3 full, 1 part baths
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3 beds, 2 full baths
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3 beds, 2 full, 1 part baths
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$239,000 : 731 Gwynne Ave, WAYNESBORO (CITY OF)3 beds, 2 full, 1 part baths
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3 beds, 3 full baths
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5 beds, 2 full, 2 part baths
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4 beds, 3 full baths
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4 beds, 3 full, 1 part baths
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$399,000 : 520 S Ellison Ln, WAYNESBORO (CITY OF)4 beds, 4 full, 1 part baths
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4 beds, 3 full baths
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5 beds, 2 full, 1 part baths
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$314,000 : 109 Stonecrest Ave, WAYNESBORO (CITY OF)4 beds, 2 full, 1 part baths
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$360,000 : 104 Stonecrest Ave, WAYNESBORO (CITY OF)4 beds, 3 full baths
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4 beds, 2 full, 1 part baths
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$188,900 : 216 Inglecress Rd, WAYNESBORO (CITY OF)4 beds, 2 full, 1 part baths
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4 beds, 3 full, 1 part baths
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3 beds, 2 full, 1 part baths
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2 beds, 2 full baths
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4 beds, 3 full, 1 part baths
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2 beds, 1 full bath
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3 beds, 3 full, 1 part baths
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$129,900 : 115 N Bayard Ave, WAYNESBORO (CITY OF)3 beds, 1 full bath
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3 beds, 1 full bath
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3 beds, 2 full baths
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$395,000 : 1269 Nova Dr, WAYNESBORO (CITY OF)4 beds, 3 full, 1 part baths
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$269,900 : 716 Governors Way, WAYNESBORO (CITY OF)2 beds, 2 full, 1 part baths
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3 beds, 2 full, 1 part baths
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$209,900 : 721 Governors Way, WAYNESBORO (CITY OF)2 beds, 2 full baths
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5 beds, 3 full baths
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3 beds, 2 full baths
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4 beds, 3 full, 1 part baths
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!
Celebrate the Holidays in Charlottesville Safely
December 24, 2009 by Sasha C. Farmer, REALTOR ® · 1 Comment
The Chandler Law Group is again offering its Charlottesville Safe Ride Home Program, for the 20th consecutive year! This is a great option over driving home unsafely. You must be going within a 10 mile radius of the city you are in, and you MUST be going home-
Chandler Law Group isn’t paying for you to party-hop!
Please note the local phone numbers and keep them handy during your holiday celebrations! Thank you Chandler Law Group!
General Facts (From the Chandler Law Group Website):
- Campaign began in 1990 making this the twentieth year.
- Through the past nineteen years, The Chandler Law Group has provided nearly 40,000 safe rides home.
- The following cities are participating this year: 2009- Charlottesville, Waynesboro, Harrisonburg, Staunton, Winchester, and Front Royal.
- Cab rides will be paid for by The Chandler Law Group within a ten mile radius of the city.
- Riders must be going home; The Chandler Law Group will NOT pay for a ride to another party or drinking establishment.
- Campaign runs December 18th, through New Year’s Day.
- In Charlottesville call 295-4131
- In Staunton call 886-3471
- In Waynesboro call 949-8245
- In Front Royal call 683-1305 or 631-1306
- In Harrisonburg call 438-7777
- In Winchester call 662-1199
[From THE CHANDLER LAW GROUP OFFERS SAFE RIDE HOME FOR 20TH CONSECUTIVE YEAR | Chandler Law Group]
[Image Credit: https://www.tlw.org/public/content/Documents/TLW_Logos/SafeRideLogo_edited.jpg]
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.
CAAR Releases it's Third Quarter Market Report
October 18, 2009 by Sasha C. Farmer, REALTOR ® · Leave a Comment
The Charlottesville Association of Realtors’ Third Quarter Market Report has just been released and it definitely contains some interesting data. As we all know, we still have much more inventory than we can absorb with the current number of Purchasers in the market.
Check out the market report here;
