__MAIN_TEXT__

Page 1

WWW.CAAR.COM

VOL. 30 NO. 5 n FEBRUARY 3 - 9, 2021

A P U B L I C AT I O N O F T H E C H A R L O T T E S V I L L E A R E A A S S O C I AT I O N O F R E A LT O R S ®

FREE

A PUBLICATION OF THE CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS® Charlottesville Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange, Augusta

CAAR Home Sales Report 4th Quarter 2020

In 2021’s Hot Market:

New Homes

DELIVER BY CARLA HUCKABEE


FEBRUARY 3 - 6, 2021 ISSUE 3005

2

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers FARMINGTON

VERULAM FARM

Landmark estate just west of University of Virginia on 500 acres. Classic home of the highest standards with elegant spaces, 5 bedroom suites, formal gardens, pool, cottage, event barn, and bold mountain views creating a one-of-a-kind offering. MLS#597954 Andrew Middleditch, 434.981.1410

SWEET RETREAT

A retreat for all seasons! Enjoy total privacy from this mountain home offering distant Blue Ridge Mountain views across the Rockfish Valley. Sited on 14+ acres, the home offers 4 BR and 4.5 BA. MLS#610115 $995,000 Steve McLean, 434.981.1863 www.330GraceGlen.com

AVENTADOR

Magnificent Georgian home with over 10,000 finished square feet, 6 bedrooms, 6 full and 2 half baths, main-level master, eat-in kitchen. Guest home, and 296+ acres with panoramic pastoral and mountain views. MLS#602894 $4,750,000 Jim Faulconer, 434.981.0076 www.AventadorVA.com

Exceptional 1954 Milton Grigg 8-BR residence carefully sited on over 2.5 manicured acres. Beautifully maintained, the original brick home has been enlarged, creating an elegant yet livable floor plan with open living and entertaining spaces, kitchen, and master suite on the main level. Pool, 2-story pool house, and 3-bay garage with fully equipped 1-BR apartment above. Fronting the 17th fairway in Farmington, this property offers a quality-built home, gorgeous setting, and prime location only minutes to UVA and Downtown. MLS#606911 $4,950,000 Steve McLean, 434.981.1863

KESWICK

Enjoy mountain views of the historic Southwest Mountains from this livable 4-BR residence on 6 private acres. Convenient and quick to Pantops, Historic Downtown Mall, and UVA. Within steps of all the amenities at Keswick Hall. MLS#611672 $989,000 Charlotte Dammann, 434.981.1250

RIVANDALE FARM

An oasis of tranquility and fine country living within 20 miles of Charlottesville, 14 miles to CHO Airport. 177 private acres with c.1901 classic Virginia farm house, completely remodeled and updated. MLS#609244 $3,795,000 Jim Faulconer, 434.981.0076 www.RivandaleVa.com

EDNAM FOREST

A true gem perched on 1.5 private acres in Ednam Forest! This stately c. 1963 4-bedroom Georgian is well-located within walking distance to Boar’s Head Inn & Sports Club. Nearly level lawn surrounded by beautifully manicured landscaping. MLS#608474 $1,845,000 Steve McLean, 434.981.1863

TOTIER HILLS FARM

Exquisite brick mansion, superb quality construction and features in over 9,000 finished square feet. On 98 gently rolling acres with total privacy, a stream, and pond. Only 5 minutes to shops, 15 miles to UVA. MLS#600284 $2,700,000 Jim Faulconer, 434.981.0076 www.TotierHillsFarm.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

KESWICK COUNTRY CLUB

Bordering a lake and the newly finished Pete Dye golf course, & within the gated community of the 5-star resort, Keswick Estates, is this magnificently crafted European-style home with 5 BR including spacious guest suite & 11,000+ fin. sf. Constructed with the finest materials, built with expert craftsmanship & attention to every detail. Features large open spaces, inside & outside, a generous main level master suite, & a fabulous lower level for lavish entertaining, plus a health & wellness center. MLS#603398 $4,200.000 Jim Faulconer, 434.981.0076 www.FairwayDriveAtKeswick.com

KESWICK ESTATES

Exquisite English Country home on 2.5 acres in Keswick Estates with lovely views of the golf course and distant mountains. Architecturally designed, 7,000+ square foot residence with 5 bedrooms. MLS#611738 $1,695,000 Charlotte Dammann, 434.981.1250

503 Faulconer Drive| Charlottesville | VA 22903 | office: 434.295.1131 | email: homes@mcleanfaulconer.com

WWW.MCLEANFAULCONER.COM


3

CRAWFORD’S KNOB

An opportunity to own a deeded Nature Preserve protected in perpetuity, a chance to purchase and hold wilderness, and to leave it largely unaltered. This property is ideal for the passive enjoyment of wild lands and the conservation minded buyer. MLS#608893 $1,900,000 Will Carr, 434.981.3065

RICHMOND

Nearly two acres in the City of Richmond on desirable Rothesay Circle with potential river views. Open woodland with mature hardwoods and small fields. Minutes from Carytown, James River Park, and downtown. MLS#2031412 $449,000 Philip Reed, 804.833.8325

GILBERT STATION ROAD

Wonderfully private, 67-acre tract of land approximately 11 miles north of Charlottesville in Barboursville. Mostly wooded with a creek and road frontage. Tremendous views. MLS#552156 $565,000 Steve McLean, 434.981.1863

WALNUT HILLS

HISTORIC Georgian Revival mansion built c.1878 by Gov. James Kemper on 373 splendid acres, guest cottage, and a complement of farm buildings. Long frontage on Rapidan River. MLS#574009 $3,490,000 Will Faulconer, 434.987.9455 www.WalnutHillsVa.com

EDNAM

Sophisticated living just seconds from amenities and conveniences of Charlottesville and UVA. Brick residence has gracious main level with inviting entrance hall, large LR with FP, DR, gourmet kitchen with sitting/breakfast area. MLS#606719 $925,000 Charlotte Dammann, 434.981.1250

LONESOME MOUNTAIN ROAD

5-acre lot with road frontage only 4 miles from Charlottesville. This country but close-to-town location is conveniently located with quick access to Historic Downtown Mall, Martha Jefferson Hospital, UVA, NGIC, airport and North Fork Business Park. MLS#593160 $250,000 C.Dammann,434.981.1250

CHURCH POINT FARM

944 acres along the lower Chickahominy River with 8 miles of shoreline. The property consists of marsh, farmland, woods, and cypress swamp and is managed for waterfowl, deer, turkey, and dove. Features 3-BR brick dwelling. MLS#2036779 $3,960,000 Philip Reed, 804.833.8325 www.churchpointfarm.com

SUNNYSIDE

Remarkably large parcel located convenient to Charlottesville and UVA. Exceptional Blue Ridge views, charming farm house (in need of restoration). Under VOF easement but with divisions into already predetermined parcels. MLS#585228 $4,400,000 Steve McLean, 434.981.1863

JACKS SHOP ROAD

155+ acres, level to gently rolling mature pine forest with long frontage on the Rapidan River. Excellent for retreat or permanent residence. Views, long road frontage, and privacy. Convenient to Madison County, Ruckersville, and Charlottesville. MLS#572541 $985,000 Steve McLean, 434.981.1863

FRAY’S GRANT

2 fabulous home sites mostly in beautiful hardwoods, gently rolling and PRICED BELOW TAX ASSESSMENTS! The first lot has 21 acres, the second lot has 44+ acres, private settings and frontage on the Rivanna River. Call Jim Faulconer, 434.981.0076 for pricing.

503 Faulconer Drive| Charlottesville | VA 22903 | office: 434.295.1131 | email: homes@mcleanfaulconer.com

WWW.MCLEANFAULCONER.COM

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

MILTON VILLAGE

21-acre lot minutes east of Charlottesville. Level building site has well already drilled & soils tested for drain field. Fenced with 4-board along road frontage. Creek, small pond, and automatic waterers. Close to public Rivanna River access. MLS#612288 $375,000 Mark Mascotte, 434.825.8610

ASHCROFT

Stunning mountain views abound throughout this bright, spacious, 4-BR residence. Privately tucked on 2.26 acres adjoining common space. Located minutes from Pantops, UVA, and all Charlottesville has to offer. $1,145,000 Charlotte Dammann, 434.981.1250

FEBRUARY 3 - 6, 2021 ISSUE 3005

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers


NOVEMBER 4 - NOVEMBER 10, 2020 ISSUE 2944

4

CAAR Homes Sales Report 4th Quarter 2020 Market Report Key Takeaways Economic Conditions • In the 4th quarter of 2020, economic conditions continued to improve in Virginia, as well as in the Charlottesville region. There have been steady gains in employment and a consistent decline in the unemployment rate since the summer. • Consumer confidence dropped in December, reflecting uncertain political and economic conditions at the end of 2020. • Mortgage rates remained at historically low levels throughout the 4th quarter, fueling strong home sales activity. Housing Market Conditions

REAL ESTATE NEWS

• Sales are surging in the CAAR area housing market. There were 1,278 sales in the 4th quarter, a 23% jump from last year. • Home prices are rising rapidly in all local markets. The overall median sales price for the region was $348,050 in the 4th quarter, a 13% increase from last year, a gain of nearly $40,000. • There were 671 active listings on the market at the end of the 4th quarter in the CAAR footprint, which is about half of what the inventory level was last year.

Key Trends Dashboard, CAAR Economy • 3.7% | Is the November-2020 unemployment rate in the CAAR footprint, which is down from October-2020 • 2.65% | Is the 30-year fixed-rate mortgage rate during the 1st week of January 2021, which is down 1.07 percentage points from a year ago Housing Market • 236 |More home sales in the CAAR footprint in Q4-2020 compared to last year.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

• 13% | Percent change in median sales price in the CAAR region in Q4-2020 compared to a year ago • $168 | Million dollars more in total sold volume in the CAAR footprint in Q4-2020 compared to last year • -50% | Percent change in active listings at the end of Q4-2020 in the CAAR market compared to a year ago • 1.7| Months of supply in the CAAR footprint in Q4-2020, which is down from a year ago

Economic Overview The economic recession officially began 10 months ago. Economic conditions continue to improve, although the pace of recovery has slowed in recent months. Looking ahead, the 2nd round

of Federal assistance and the ramp-up in the distribution of the COVID-19 vaccine will be critical for strengthening the economy in 2021. Economic conditions have rebounded faster in Virginia than in many other parts of the country. In the Commonwealth, the economy has added jobs for 7 consecutive months. The Statewide unemployment rate fell to 4.6% in November. Despite steady job gains, the State has regained only about 56% of the jobs that were lost during the spring. It is likely that it will take years for the economy to fully regain the jobs that have been lost during this recession.

Like the rest of the Commonwealth, the Charlottesville area has seen economic conditions improve through the end of 2020. The regional unemployment rate was 3.7% in November, falling steadily from the peak unemployment rate of 9.4% in April. While unemployment remains slightly elevated compared to a year ago, the downward trend in the region’s unemployment rate is a positive sign. New residential construction activity remained steady during the 3rd and 4th quarters of 2020. Over the months of July through November, there were permits issued for a total of 483 residential units, which is down slightly from the same period a year ago. This fall, permits were issued consistently for around 100 new housing units per month. In September, October, and November, nearly 80% of new housing units constructed were single-family homes and 20% were multifamily homes or townhomes. Measures of consumer confidence reflect how people feel about economic

conditions. As a result of economic and political uncertainties, as well as rising numbers of COVID-19 cases, consumer confidence dropped in December. The measure of confidence in the present economic situation was 101.1, but the future consumer confidence index fell to 92.2. A consumer confidence index below 100 indicates people are feeling more pessimistic. During the 4th quarter, historically low mortgage rates continued to support strong refinance and purchase activity. According to data reported by Freddie Mac, the average 30-year fixed-rate mortgage rate has been below 3% for 23 consecutive weeks. In the 1st week of January, the average 30-year fixed-rate mortgage rate was 2.65%, which is a full percentage point lower than the same time last year.

Housing Market Overview The CAAR area housing market had a very strong quarter. Growth in sales, median price, and sold dollar volume all reached multiyear highs. Pent-up demand from earlier in the year and attractive interest rates continue to drive market growth and expansion in the region. Homes sold faster on average this quarter, which reflects strong buyer demand and the increasingly low inventory of homes on the market. The overall supply in the CAAR footprint has now dipped below 2 months for the first time in more than 5 years.

Sales Sales activity in the CAAR market was very busy at the end of 2020. There were 1,278 sales across the region during the 4th quarter, a 23% jump in sales from last year, which is 236 additional sales. This represents the largest increase in sales in more than 5 years and reflects continued pent-up demand from earlier in the year. The number of home sales Statewide was up 28% in the 4th quarter compared to a year ago.

Sales Prices As buyer demand continues to surge and the inventory of active listings remains very low, home prices in the CAAR region are climbing at an increasingly fast pace. The 4th quarter median sales price in the area was $348,050, which is nearly $40,000 higher than this time last year, a 13% jump. This is the largest price gain for the region’s housing market in more than 5 years. The Statewide median sales price in the 4th quarter was $329,000, an 11% increase from a year earlier.

Sold Volume The CAAR housing market had its strongest 4th quarter of sold volume in more than 5 years as both sales and home prices surged to multiyear highs. There was approximately $565 million of sold volume throughout the footprint in the 4th quarter, a dramatic 42% jump from last year, which is a gain of about $168 million. Other than a slowdown in the spring of 2020, the sold dollar volume in the region’s housing market has been rising consistently for about 2 years.

Days on Market Homes sold faster on average in the CAAR area housing market this quarter.


AUCTION

Friday, Friday, Jan.22 Jan.15 at 12:30PM

January

15 22

Goochland Bedford Co.Co.

Friday

265.6 MBF of White Oak!

Timber • Hunting • Fishing • Recreation

145 Wooded Acres with Creek

5 NOVEMBER 4 - NOVEMBER 10, 2020 ISSUE 2944

MAENLD PRIL AND

Timber • Hunting • Residential

85 Beautiful Acres in 3 Tracts

AUCTIONS

Torrence, Read, & Forehand

TRFAuctions.com 434-847-7741 101 Annjo Court, Forest, VA 24551 | VAAF501

ABLSA ON LU DT E

AUCTION

Friday, Friday, Jan.29 Jan.15 at 12:30PM

January

15 29

Bedford Co. Amherst Co.

Friday

Homes that sold in the 4th quarter were on the market for 52 days, on average, which is 12 days faster than a year ago. Prior to this decrease, the average days on market in the region had increased for 2 straight quarters. Statewide, homes were on the market for an average of 33 days in the 4th quarter.

Inventory

About VR The Virginia REALTORS® (VR) association is the largest professional trade association in Virginia, representing nearly 34,000 REALTORS® engaged in the residential and commercial real estate business. The Virginia REALTORS® association serves as the advocate for homeownership and private property rights and represents the interests of real estate professionals and property owners in the Commonwealth of Virginia.

About CAAR The Charlottesville Area Association of REALTORS® (CAAR) represents more than 1,300 real estate professionals in Charlottesville and Albemarle and the surrounding areas of Fluvanna, Greene, Louisa, and Nelson counties. If you have a question about today’s market, contact a REALTOR® today using mycaar.com for residential properties and cvcmls.com for commercial properties. NOTE: The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

Timber Hunting • Hunting • Recreation • Fishing••Privacy Recreation

145 Wooded with Creek 95 Acres w/ Acres Mountian Views TRF

AUCTIONS

Torrence, Read, & Forehand

FULL DETAILS ONLINE

TRFAuctions.com 434-847-7741 101 Annjo Court, Forest, VA 24551 | VAAF501

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

The inventory in the CAAR regional housing market is plunging. The supply has been trending down for several years; however, the pace has accelerated dramatically in 2020. There were 671 active listings on the market across the CAAR footprint at the end of the 4th quarter, which is about half the level it was a year ago (-50%), a reduction of 667 active listings. This represents the largest decrease of any quarter in more than 5 years. At the end of the 4th quarter, there was a total of 17,537 listings Statewide, a drop of more than 38% from a year ago. There was just 1.7 months of supply at the end of the 4th quarter in the CAAR region, down from 3.5 months a year ago. The months of supply is calculated by taking the average monthly sales over the preceding 12-month period and dividing it by the inventory of active listings.

REAL ESTATE NEWS

TRF

FULL DETAILS ONLINE


CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

FEATURE

FEBRUARY 3 - 6, 2021 ISSUE 3005

6

A

re you asking your home to do more and be more than ever before? Can it deliver? The good news is yes, it can! Particularly if your home is brand new. To deliver what buyers want today, some long-standing trends are slowing or reversing. Many of these changes are in response to the COVID pandemic. As work and school moved home, and sources of entertainment shut down for many, homes suddenly had to fill the void. The result is a major shift in where people choose to live and what size home and lot they find to be ideal. Buyers are questioning open concept living, or at least augmenting it with private spaces and rooms with specific functions. Features that enhance physical and mental health have moved way up on the priority list. And there’s nothing hotter on the market now than new construction. According to Greg Slater, Associate Broker with Nest Realty, “The main reason is the lack of inventory currently available. Buyers are anxious there will not be a home for them in the spring or summer. Demand for parcels suitable for custom design build projects in Albemarle County is as high or higher than I can recall in my career.”

Now that some segments of the population are free of the commuter leash, they are leaving behind the smaller lots of urban areas near employment centers. The push outward is fueled by having the flexibility to live where they always wanted to live but couldn’t because the commute was too long. The desire to put space between their home and the neighbor’s is another driver pushing buyers out of towns and cities and onto larger lots.

Bring Back Walls and Doors

In 2021’s Hot Market:

New Homes

DELIVER BY CARLA HUCKABEE

A similar pattern holds for outlying counties. Area builders and developers are in tune with increased demands that buyers are putting on their homes and are scrambling to deliver.

Bigger is Better For the past few years, both lot and home sizes in new construction have been

shrinking. According to the U.S. Census Bureau, in 1995 the median lot size for a new home was 10,000 square feet. In 2019 it had dropped to 8,177 square feet, a record low. Since 2015, median home sizes have also declined. Both trends look to have hit a wall as space—both inside and out—becomes more important.

There is much speculation the COVID pandemic will be the death of the open floor plan. It first became popular in the 1970s as doors disappeared from adjoining living, dining, and kitchen spaces. In the 1990s, no doors evolved into no walls. Since then, the open living concept has become entrenched in buyers’ expectations. In 2020, though, anyone trying to keep their remote work under control with kids attending school from home, questioned the sanity of the open floor plan. Kids and adults scrambled to find private space once work, school, gyms and other places shut down. Suddenly, the combined kitchen, dining, and great room lost some of its luster. While open floor plans may not disappear altogether, designers have reconfigured plans to fill multiple needs. Given everything that goes on at home includ-


7 FEBRUARY 3 - 6, 2021 ISSUE 3005

FEATURE

Your Vision. Your Home. Our Pleasure.

Simply put, your vision is our vision. With Peak Builders, Design/Build means Design/Build. From start to finish, every detail—every inch of your home—is as you dream it. Whether you have Pinterest boards for every room or an old folder full of magazine clippings, we welcome it all. We immerse ourselves completely in new design projects, working to get a full understanding of your design aesthetic, your budget and your wish list. As a true design/build firm, we have the experience and resources to bring your vision to reality.

Partner with Peak. www.buildwithpeak.com

Rebecca White 434.531.5097 rebecca@loringwoodriff.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Building a custom home is significant. Partner with a builder you can trust.


FEATURE

FEBRUARY 3 - 6, 2021 ISSUE 3005

8

ing sleeping, eating, relaxing, playing, and now working and school, today’s new designs must accommodate functions that work best outside of an open floor plan. Finding the right combination of open and private spaces is the key. Not all buyers can afford to have a custom-built home, but the next best thing is to start with home plans offering built in flexibility. Ben Davis, Vice President of Sales at Craig Builders, says “Our niche in the new construction market is offering quality semi-custom homes to ensure that the design provides the flexibility to deliver what our customers want.” Flex space is important across all demographics. Millennials, with or without kids, the Boomer generation and everyone in between has their own take on what to do with a few extra rooms. “Home offices have been upgraded from ‘nice to have’ to ‘must have’ as many customers are able to work remotely almost full time,” according to Davis. “Some customers are requesting that we custom draw a second home office when both owners plan to work from home.” Demand for space for exercise also ticked up after gyms closed. Andrea Akers, Sales Manager with Southern Development Homes, agrees. “Some of our newest designs have what I would call, not-so-open floor plans. And nearly everything comes with ample flexible space with doors, windows, and some privacy. Call this your home office or any other name, but it is a critical element in today’s design.”

Another corollary to the open floor plan is a desire for space to hide kitchen clutter. Once reserved for luxury homes, “messy kitchens” are growing in popularity in all price ranges. These larger pantries with space for some food prep and appliance storage relieve pressure on the homeowner to have an immaculate kitchen while entertaining. Eating out of sight of a messy kitchen may be reason enough to bring back dining rooms. They can also be repurposed. And libraries can become the perfect Zoom rooms. These spaces, with doors and walls, can serve a homeowner under

a variety of conditions during and after a pandemic.

Bringing the Outside In As our world effectively shrank into “COVID bubbles,” having access to our very own outdoor space became important. Yes, lot sizes are becoming larger to provide that bit of elbow room that just feels safer in a pandemic. And by reconfiguring space and rethinking doors and windows, designers are bringing the outside in and the inside out. Courtyards and other private outdoor spaces are attracting new buyers. Kate

Colvin, REALTOR® with Roy Wheeler Realty Co., points to the popularity of home designs at Belvedere. “The courtyard layout in Belvedere intrigues folks. The privacy allows people to freely enjoy the space. And with people spending most of their time at home, nothing is more attractive than a functional backyard.” Recreation also moved home as pools and parks closed. “The demand for inground pools is sky-rocketing,” says Jodi Mills, Director of Marketing and Public Relations at Stony Point Development Group. “We recently modified HOA regulations for a new community in Crozet to allow inground pools because of how that is ranking in buyer demand.” Exterior light and views are especially helpful to combat cabin fever as people hunker down at home. Larger lot sizes and rural settings allow for windows that don’t feature your neighbors’ walls. Floor to ceiling glass installations are popular wherever there is a view worth seeing. Suzie Pace, Broker with Pace Real Estate Associates, LLC, relays that some R.L. Beyer Custom Homebuilders homes in Ashcroft feature massive glass installations, flooding the room with natural light and playing up the magnificent views. “Using exceptionally wide doors blends the outdoors with the interior of the home. Our goal is to have the design merge with the natural beauty of the area.” Another strategy to provide more outdoor living is decks and porches. “Craig Builders recently added vaulted or ca-

R E A L E S TAT E A P P R A I S E R S & C O N S U LTA N T S Accurity Fincham & Associates, Inc. is the premier appraisal firm in the Charlottesville Area. As an independently owned and operated franchise of Accurity Valuation, one of the largest appraisal firms in the nation, Accurity Fincham & Associates, Inc. offers their clients a wide variety of appraisal services both locally and nationally. Our knowledge, expertise, and high-quality appraisal services is unmatched in the profession. We Bring Value Home.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Accurity Fincham & Associates offers a broad spectrum of services for residential properties including; appraisals for loan origination, forensic and valuation fraud reviews, litigation support, statistical analysis and collateral valuation reviews. Woody and his staff service a diverse property type range that includes green homes, rural property large acreage estates, new construction, complex designs and custom homes, high value estates, as well as typical residential homes. Our clients include government agencies, GSEs, law firms, risk management firms, mortgage lenders, CPAs and others who rely on the firm’s specialized services and high level of expertise.

Woody Fincham SRA, AI-RRS, RAA wfincham@accurity.com (757) 750-7877

14 Lafayette Dr • Palmyra, VA 22963 accuritycville.com


9

DAN CORBIN

To Be Built - The Camden. This Craftsman Style Beauty (similar to pic) will be built with Your Colors and Your Touches, on 2.47 acres - 15 Minutes to Pantops. Visit Steger Creek, on Union Mills Rd. in Fluvanna County. Lot 10 sits up off the road with room to stretch out, plant the garden and enjoy Big Sky Views. Traditional 3 bedrooms up, 2 1/2 ba, Owner Suite w/Luxury Bath. Open Kitchen thru Breakfast area to Great Room with Gas FP. Formal Dining & Open Foyer. Granite Counters, Solid Wood Cabinets, Upgrade Lighting and Appl pkg. Finished Bonus Room for Home Office or Away Space. LVP, Carpet & Tile Floors. 9ft Ceilings, 20 SEER HVAC, Conditioned Crawl, Hardie Plank and Stone Exterior. No HOA. Well & Septic. MLS# 612857

$419,000

REALTOR

DanCorbinHomes@gmail.com

Cell: 434-531-6155 Office: 434-974-1500

943 Glenwood Station Ln. #203 Charlottesville, VA 22901

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers Farm, Estate and Residential Brokers 503 Faulconer Drive ∙ Charlottesville ∙ VA ∙ 22903

BRAEMAR COURT

One story, custom designed home with unique U-shape and full terrace level. Set on a quiet cul-de-sac. 10’ ceilings on the first floor and 9’ on the terrace level. Beautiful cherry floors. Great room, family room and master bedroom all open to the deck. Stunning kitchen with light cherry cabinets and updated appliances. Large, bright rooms and great storage make this home special. An open staircase leads to the terrace level which offers a family room & office. Fenced yard overlooks the woods. Club options include golf, pool/tennis or social memberships.$675,000

FEBRUARY 3 - 6, 2021 ISSUE 3005

Fantastic New Home Opportunity

OLD TRAIL DRIVE

CAAR

Real Estate Weekly

Helping Central Virginia

Find a Home since 1992

Move in Ready! One level living in Old Trail. Energy efficient home with partially finished basement and loads of storage, ready for you to make it home. Looks deceivingly small from the outside yet there is over 5,000 sq.ft. expertly designed to fit a variety of needs. Features include; 6 “ Castilian Walnut floors, large rooms, sizable closets, custom master closet and more. This home is perfect for entertaining, working and learning remotely. Undeniable value at this price. Come visit in person or ask for a virtual tour through FaceTime. Owner is RE agent $626,000

CALL SHARON

Over 25 years of Real Estate experience. email: callsharon.today@yahoo.com cell: 434.981.7200 FEATURE

WWW.MCLEANFAULCONER.COM

1/4 Acre Wooded Homesites from the low $500’s A small community of 26 Farmhouse Inspired Homes Across from Crozet Park

Tour our Newest Model Homes and Old Trail Village Tour Tour our our Newest Newest Model Model Homes Homes inin Belvedere inBelvedere Belvedere and and Old Old Trail Trail Village Village

Villa Model in Old Trail Village | 406 Astel Crozet, 22932 Villa Model Villa Model in Old inTrail Old Village Trail Village | 406 |Astel 406 Astel St, St, Crozet, St, Crozet, VAVA 22932 VA 22932

OPEN DAILY 12-5 | 434- 218-2352 | Parklane@craigbuilders.com | craigbuilders.com/modelhomes MODEL HOMES OPEN DAILY | 434-973-3362 | craigbuilders.com MODEL MODEL HOMES HOMES OPEN OPEN DAILY DAILY 12-512-5 | 12-5 434-973-3362 | 434-973-3362 | craigbuilders.com | craigbuilders.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Currituck Model in Belvedere | 905 Blvd, Charlottesville, 22901 Currituck Currituck Model Model in Belvedere in Belvedere | 905 |Belvedere 905 Belvedere Blvd, Blvd, Charlottesville, Charlottesville, VAVA 22901 VA 22901 New Model Home Now Available toBelvedere Tour


FEATURE

FEBRUARY 3 - 6, 2021 ISSUE 3005

10 thedral ceilings to screened in porches

as part of our main level living home designs,” according to Customer Representative Marc Ammons, and REALTOR® with Nest Realty. Craig Builders and Southern Development Homes are the chosen builders for the upcoming North Pointe development near the airport on U.S. 29 North. Phase one includes commercial space and 100 single family homes on one-quarter acre lots.

Health Makes the List It is a pandemic, after all. So, it only makes sense that healthy living features moved up on buyers’ priority lists for new homes. New technologies make it easier for new home builders to compete with existing homes lacking these features. Touchless entries and sink faucets aren’t just for the workplace anymore. They make just as much sense at home. Some designs include a transition room, a dedicated space serving as a buffer between outside and the living areas. This multifunctional space combines laundry room, cleaning center, and storage for masks and supplies. A counter doubles as a folding station and settling area for groceries and deliveries. And someone coming inside can throw dirty clothing right into the wash. Heightened awareness of indoor air and water quality is going mainstream. Low-VOC materials that eliminate dangerous chemicals from the building process are commonplace. The new emphasis is on upgraded whole-house air and water filtration systems to remove contaminants and improve the quality of air and

water your family uses. Third-party agencies can verify whether a home is built to and meets certain standards to improve comfort and performance. These include Pearl Certification, EarthCraft, and LEED for Homes. Certifications can also improve the resale value of your home.

In or Out White kitchens will always be classic. But color and natural woods like ash and warm-toned oaks are making a comeback. The all gray-on-gray or gray-on-white modes are shifting to allow pops of bold colors. Aegean Teal is Benjamin Moore’s 2021 Color of the Year. Using brighter jewel tones on lower kitchen cabinets or the kitchen island is trending. Farmhouse décor and rustic looks may be coming to the end of the line, following Joanna Gaines’ long-standing

HGTV show, Fixer Upper. If you still love that look but want to stay current in your new home, a mix of traditional and modern looks with some darker woods can replace the whitewashed shiplap and other rustic features.

Forever Homes More than ever, builders hear customers refer to this new home purchase as their “forever home.” Forever is a long time and includes the possibility of declining levels of ability. One aging-in-place feature that can be added now or built into the design for a later add-on is an elevator. The Vuelift Mini is a new compact home elevator with just a 50-inch footprint, allowing for maximum flexibility in placement. More new-home buyers are including an in-law suite in the home design, either under-roof or as an accessory unit dwelling on the lot. Patti Dixon Lillard,

517 LEXINGTON AVENUE

Carla Huckabee still has a white kitchen and just installed whitewashed shiplap in her basement.

4209 HAWKINS LANE

NOMINATE ME

NOMINATE ME

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

REALTOR® with Montague, Miller & Co. – Madison, says, “This pandemic has changed everything. Millennials are welcoming extended family to help with the burdens this has brought on. People are rethinking their way of life and gathering family close is a significant part of that. Buyers want a better quality of life, a better quality of home. This is creating a permanent shift in everything we do.” As new construction prices for singlefamily homes reach or exceed an entry point of $300,000, more features that were once preserved only for luxury homes are included, making it easier to commit long-term. Buyers are following their guts and chasing a feeling. They want safety, comfort, and permanence, their forever home.

Stroll quintessential Charlottesville among the notable Victorians. Lexington Ave is pristine and adored by all who visit. This charming city home hasbeen extensively renovated; featuring redesigned character in all bathrooms, master suite created on 3rd level with tremendous banquette seating & abundant light.Ornate fixtures throughout the home convey. All rooms feature unique shelves, custom art features & organic tile and Onyx detail. Large level fenced yard with playstructure, abundant parking in both the front and rear. MLS# 611555 $ 945,000

Country Living in Convenient Location. Close to NGIC, Hollymeade, Pantops. Private Stocked Pond & almost 5 acres in Albemarle County. Main Level Master Suite, Tiled Dual Head Shower, Bamboo Hardwoods in Living Room, Eat In Kitchen w Stainless Appliances & Granite Counters. Covered Front Porch w View of your pond & pasture. Covered rear deck & Finished Basement with HUGE Family Room, 2nd Full Laundry Room, 3rd Full Bathroom & 4th Bedroom. 6 miles to Proffitt Rd.9 Miles to Hollymeade Town Center. MLS# 605931 $535,000

NOMINATE ME

JUST LISTED Inspiration, simplicity & inherent beauty of this Arts & Crafts Home will leave Buy and Sell Cville Team you in awe. Walk to Nominees: Candice & Bert Downtown Cville, Passionate about Helping favorite local restauPeople SELL & BUY Residential rants & parks. The Real Estate in the core characteristics Charlottesville Area. We can’t wait to connect with you & inspiration of the & Share Some of our Best original 1945 built Adventures! Buypresent and Sell in Cville Team home are Nominees: Candice & Bert this newly completed 943 Glenwood Station Ln #203 about Helping Buy andMain Sell Cville Team masterpiece. Home features 1st Floor Master Suite. Eucalyptus & SlatePassionate Flooring; OrigCharlottesville, VA 22901 People SELL & BUY Residential inal Exposed Brick Chimney & Rafters. Custom Kitchen w Blue Atlas CountertopsReal harvested Nominees: Candice & Bert Estate in the Charlottesville in Montpelier. Separate Cottage provides master suite, full kitchen & mountain views Area. off We can’t wait to connect with you Passionate about Helping dual covered decks. Private Driveway for tenant. Detached Office/Studio w dramatic vaulted & Share Some of our Best Candice van der Linde, Realtor @Candice_Realtor ceiling,SELL overflowing sunlight& privacy. Garden nestled behind rustic pallet fence. $550,000 Adventures! People & BUY Residential

709 CONCORD AVENUE

Candice Van der Linde Candice van der Linde, Realtor @Candice_Realtor Buy and Sell Cville Team

Call: 434-981-8730 • Connect: BuyandSellCville.com Come visit: RE/MAX Realty Specialists

Candice van der Linde, Realtor

@Candice_Realtor

Real Estate in the Charlottesville Area. We can’t wait to connect with you & Share Some of our Best


HOME SALES STATS

11 FEBRUARY 3 - 6, 2021 ISSUE 3005

ENDING THE WEEK OF JANUARY 31, 2021 THERE WERE 83 SALES IN THE 11 COUNTY AND CITY AREAS

n 27 were in Albemarle with an average price of $442,137 n 10 were in Charlottesville with an average price of $336,315 n 6 were in Fluvanna with an average price of $258,462 n 4 were in Greene with an average price of $323,738 n 7 were in Louisa with an average price of $401,689 n 2 were in Madison with an average price of $445,500 n 12 were in Nelson with an average price of $339,917 n 3 were in Orange with an average price of $373,333 n 11 were in Staunton with an average price of $197,336 n 1 was in Waynesboro with a price of $185,000

ROCK BRANCH Horse and Cattle

Lessons, Boarding, Trail Rides & Parties www.rbhorseandcattle.com info@rbhorseandcattle.com

HOMES SOLD

rbhorse_cattle

THE 1926 FOWLER STREET BELVEDERE

1034 CARLTON AVENUE BELMONT

3 CHICKASAW PLACE LAKE MONTICELLO

Staff:

EDITORIAL COORDINATOR

Celeste Smucker • editor@caarrew.com

MARKETING SERVICES Beth Wood beth@caarrew.com • 434.817.9330

170 GLEBE LANE MADISON

500 STONEGATE LANE NELLYSFORD

117 COLLINSWOOD DRIVE STAUNTON

LOCAL GOVERNMENT CITY OF CHARLOTTESVILLE

GREENE COUNTY

CITY OF STAUNTON

LOUISA COUNTY

www.charlottesville.org Real estate tax rate: $.95 per $100 www.staunton.va.us Real estate tax rate: $.95 per $100

CITY OF WAYNESBORO

www.waynesboro.va.us Real estate tax rate: $.90 per $100

ALBEMARLE COUNTY

www.albemarle.org Real estate tax rate: $.854 per $100

FLUVANNA COUNTY

www.co.fluvanna.va.us Real estate tax rate: $.925 per $100

www.gcva.us Real estate tax rate: $.775 per $100 www.louisacounty.com Real estate tax rate: $.72 per $100

MADISON COUNTY

www.madisonco.virginia.gov Real estate tax rate: $.68 per $100

NELSON COUNTY

www.nelsoncounty.com Real estate tax rate: $.72 per $100

ORANGE COUNTY

www.nelsoncounty.com Real estate tax rate: $.61 per $100

DESIGNER

CAAR

Tracy Federico designer@c-ville.com

The REAL ESTATE WEEKLY is published weekly by the CAAR Real Estate Weekly, Inc., a wholly owned subsidiary of the Charlottesville Area Association of RealtoRs®, Inc. Copyright All rights reserved. Reproduction in whole or in part without permission of the publisher is strictly prohibited. All advertising published in the REAL ESTATE WEEKLY is believed to be truthful and accurate. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful, but this publication does not warrant, nor is it liable for, the accuracy or truthfulness of the advertising placed within this publication. Neither the CAAR Real Estate Weekly, Inc., nor its corporate parent, the Charlottesville Area Association of RealtoRs®, Inc., assume any responsibility and shall have no liability whatsoever for errors, including without limitation, typographical errors or omissions in the REAL ESTATE WEEKLY. Any reference made to the CAAR Real Estate Weekly, Inc. or the Charlottesville Area Association of RealtoRs®, Inc. is not to be construed as making any representation, warranty, or guarantee by the corporations concerning the information on properties advertised in the REAL ESTATE WEEKLY. The content of all ads contained herein are solely the responsibility of the advertiser. The opinions and statements contained in advertising or elsewhere in this publication are those of the authors of such opinions and are not necessarily those of the CAAR Real Estate Weekly, Inc., or the Charlottesville Area Association of RealtoRs®. the CAAR Real Estate Weekly, Inc. reserves the right to edit or refuse any advertising it deems inappropriate or misleading. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful. Every effort has been made to assure accuracy, but this publication does not warrant, nor is it liable for the advertising placed within this publication. This publication will not accept advertising that refers to or attempts to establish fees or rates of commissions charged for services rendered. Information on advertising placement may be obtained by calling 434-817-9330. All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination.” Virginia Fair Housing Law also makes it illegal to discriminate because of elderliness (age 55 and over). We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. CAAR Real Estate Weekly Is printed on 100% recycled paper

308 E. East Main Street • Charlottesville, VA 22902 Tel.: 434-817-9330 • e-mail: ads@caar.com Send your news and/or press releases to editorREW@gmail.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

(Note: Real estate tax information gathered from local government Web sites and is believed but not guaranteed to be accurate as of publication date. Towns may assess real estate taxes in addition to those charged by each county.)

Faith Gibson ads@c-ville.com • 434.817.2749 xt. 25


RWR

R O Y W H E E L E R R E A LT Y C O . SINCE 1927

BACK ON MARKET

GORGEOUS VIEWS FROM AFTON ESTATE!

10053 Critzers Shop Road 4 BR, 3.5 BA, 7.75 ACRES $599,000 mls 605922 Susan Reres, 434-953-5552

ENJOY EARLYSVILLE

OLD TRAIL VILLAGE

4545 Turkey Sag Road 5 BR, 5.5 BA, 5015 SQ FT $1,100,000 mls 610096 Logan Wells Klalo, 434-981-3097

WESTERN ALBEMARLE

SOUTHERN ALBEMARLE COUNTY

Lot 3 Chimney Rock 5.48 acres of beautiful nature and privacy $185,000 mls 608093 Jim McVay, 434-962-3420

B Greenwood Road 2.41 wooded acres $144,900 mls 532642 Mike Peters, 434-981-3995

REDUCED

VIEW THESE LISTINGS ONLINE

PERFECT 4.12 ACRE RETREAT

1345 Owensville Road 4 BR, 4 FULL/2 HALF BA, 5397 SQ FT $1,375,000 mls 598102 Jane Porter Fogleman, 434-981-1274

10 ACRES IN BLUE RIDGE VISTA

1614 Old Trail Drive 2 BR, 2.5 BA, 2 CAR GARAGE $319,000 mls 610542 Dan Conquest 434-242-8573

Porters Road Great building site of 2 acres $19,500 mls 588646 Gavin Sherwood, 434-962-0226

CUSTOM-DESIGNED BARN HOME ON 3 ACRES

0 Miller Farm Lane 4 BR, 3.5 BA, 4000 SQ FT $1,375,000 mls 611856 Jim McVay, 434-962-3420

www.roywheeler.com/rwr-rew-weekly-listings/ charlottesville 434.951.5155 | Greene 434.985.2348 | zion crossroads | 434.589.2611 | Western Albemarle 434.205.4355

Profile for The Real Estate Weekly

The Real Estate Weekly | 2.3.2021  

New Construction Options

The Real Estate Weekly | 2.3.2021  

New Construction Options

Advertisement