__MAIN_TEXT__

Page 1

VOL. 30 NO. 8 n FEBRUARY 24 - MARCH 2, 2021

WWW.CAAR.COM

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 ®

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

REALTORS® Anticipate a Sizzling-Hot

Spring Real Estate Market BY CARLA HUCKABEE

FREE


FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

2

Ask Us About

St o n e O r c h a r d

Lifestyle Homes in the Villages of Stoney Creek

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

The views will last forever. This opportunity will not. • Breathtaking Mountain Views

• On the Golf Course

• Maintenance-free Landscaping

• Near the Clubhouse, Grill, Tennis, Pool

• Miles of Groomed Walking Paths

• Walk to Farmer’s Market, Town Center

from the mid-300’s Wintergreen Realty LLC

3079 Rockfish Valley Hwy, Wintergreen, VA 22958 (434) 361-0500 (800) 325-2200 www.wintergreenrealestate.com


3

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

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

1/4 Acre Wooded Homesites from the low $500’s

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 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

Find Homes Team REALTORS®

Calling all SELLERS!

CallingNow all SELLERS! Calling Calling allsell! SELLERS! all SELLERS! We have Buyers! is the time to

Only 45 days of inventory left in Greater Cville Area!

We have WeBuyers! have Buyers! We Now have isNow the Buyers! time is the We to Now time have sell! isto Buyers! the sell! timeNow to We sell! is the havetime Buyers! Weto have We sell! Now have Buyers! isBuyers! theNow time Now isto the sell! istime the time to sell! to se

Only 45 days Only ofOnly 45 inventory days 45 days ofOnly inventory left of45 in inventory days Greater left of in inventory left Cville Greater in Area! Greater left Cville inCville Greater Area! Only Area! Cville 45 days Area! of Only inventory 45 days left Only ofininventory Greater 45 days of Cville left inventory inArea! Greater leftCville in Greater Area! Cville A

Cynthia Hash

Associate Broker/Team Leader

434-337-3216

Keller Williams Realty 3510 Remson Ct # 301 Charlottesville VA 22901, 434-220-2200. If you have a relationship with another Realtor, this is not considered a solicitation. Fair Housing Compliant. Licensed to sell real estate in Commonwealth of VA. Each office independently owned & operated.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Integrity & Service is Our Motto!


FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

4

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers MERIDIEN

KESWICK COUNTRY CLUB

Bordering (Full Cry)Pete Dye golf course and lake, within grounds of Keswick Hall, 5-star luxury resort, is this magnificent 5-bedroom residence constructed of the finest materials with attention to every detail. MLS#603398 $4,200,000 Jim Faulconer, 434.981.0076 www.FairwayDriveAtKeswick.com

KESWICK ESTATES

Exquisite English Country home on 2.5 acres. Very private with lovely views of the golf course and distant mountains. The architecturally designed, 7,000+ sf. residence offers LR, DR, gourmet kitchen, library, office, media room, and 5 BR. MLS#611738 $1,695,000 Charlotte Dammann, 434.981.1250

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

Private, peaceful, and perfect best describe Meridien—a sophisticated country estate offering stunning Blue Ridge Mountain views from just over 40 rolling acres, only 9 miles northwest of Charlottesville. The property features a circa 1830, character-rich yet modernized home with 5 bedrooms and 3.5 baths. The land is mostly open with lush pastures, stables, other outbuildings, pickleball court, and a large pond. Under conservation easement with the Virginia Outdoors Foundation. MLS#613521 $3,685,000 Steve McLean, 434.981.1863

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

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

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

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

ASHCROFT

Stunning mountain views abound throughout this bright, spacious 4-BR residence. Privately tucked on 2.26 acres adjoining common space. Owner has thoughtfully reinvigorated with the highest quality materials. Main level with LR, chefs kitchen with eating/sitting area, DR, master BR/BA with private screen porch, home office, and mudroom. Second floor has 3 BR, bonus room and 2 BA. Lower level has open areas, office, bath, and kitchenette. Located minutes from Pantops, UVA, and all Charlottesville has to offer. MLS#607638 $1,145,000 Charlotte Dammann, 434.981.1250

THE ROCKS

Designed by local architect Richard Funk and built on a lot that provides privacy and gorgeous Blue Ridge Mountain views. 6 bedrooms, including first floor master, 5.5 baths. Many unique features and ample storage. MLS#613341 $1,195,000 Steve McLean, 434.981.1863

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

WWW.MCLEANFAULCONER.COM


5

BLANDEMAR FARM ESTATES

Rare opportunity to own a special 25.4-acre parcel in this exclusive community of upscale homes. Water is available from the existing well and fiber optic for fast internet is accessible for hookup. Convenient to Charlottesville, UVA, and 5th Street Station. MLS#593358 $554,000 C. Dammann, 434.981.1250

NORTH DOWNTOWN

Stunning Colonial Revival style c. 1913 residence restored to perfection. Flexible and updated floor plan with 2,970 fin. sf. Coveted private backyard and off-street parking. Walk to the amenities of the Historic Downtown Mall and UVA. MLS#608794 $1,549,000 Charlotte Dammann, 434.981.1250

BURNLEY ROAD

Choose your builder and build your dream home on one of 3 private lots in Northern Albemarle. 5+ to 9+ acres. Exceptional Blue Ridge Mtn. views with privacy. Close proximity to NGIC, airport, shopping, and University Research Park. Steve McLean, 434.981.1863

ASPIAN LAWN

Gorgeous lake and mountain views from 183 scenic acres within 16 miles of Charlottesville. Circa 1750’s residence, 6 bedrooms, 5 baths, 2 fireplaces, and whole-house generator. Guest cottage, barn, lush pastures, and 11-acre lake. MLS#610431 $1,945,000 Steve McLean, 434.981.1863

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

EDNAM FOREST

Wonderfully large 1.5+ acre building lot in Ednam Forest. Build your dream home on this elevated, wooded lot located in a single family community, minutes from UVA and within walking distance to Boar’s Head Resort. MLS#598537 $289,500 Steve McLean, 434.981.1863

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

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

TILMAN ROAD

Lovely mature 2-acre parcel of land in the Meriwether Lewis Elementary School District. Wonderful views with privacy in beautiful rural setting. Great location just minutes west of Charlottesville and UVA. MLS#585959 $249,000 Steve McLean, 434.981.1863

EXCEPTIONAL LARGE ACREAGE

2 wonderful estate parcels in coveted Ragged Mountain Farm. Excellent building sites, complete privacy, beautiful Blue Ridge mtn. views. Murray/Henley/ Western Albemarle school districts. 84.79 acres: MLS#563174 $995,000; 100.22 acres: MLS#563171 $1,100,000 Steve McLean, 434.981.1863

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

WWW.MCLEANFAULCONER.COM

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

WILMINGTON ROAD

8 acre wooded building lot surrounded by large farms. Great opportunity to build your dream home as lot has no restrictions and has been approved for conventional septic systems. This nearly level lot is 10 minutes to Palmyra and yet has rural charm and appeal. MLS#560695 $62,500 Steve McLean, 434.981.1863

RIVER LAWN

Delightful combination of wood and pastureland with a spectacular bluff for a building site overlooking the James River in southern Albemarle County. Property is under easement with the Virginia Outdoors Foundation. MLS#569753 $745,000 Steve McLean, 434.981.1863

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers


6

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

FEATURE

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

REALTORS® Anticipate a Sizzling-Hot

Spring Real Estate Market BY CARLA HUCKABEE

T

here’s a certain nervous energy in anticipation of this spring real estate market. Buyers and sellers can both feel it. It’s hot, sizzling hot. And the goal in a market like this is to make sure you don’t get burned. Buyers and sellers feel different versions of a shared pain. As more buyers compete for fewer houses on the market, they wonder if they will be able to find the right home. Should they settle for what’s available right now or hold out for their dream home? Sellers wonder if they should accelerate their timeline to take advantage of this glut of buyers and low inventory. As newfound work flexibility and expanded internet capacity reshape the market, solutions appear. Buyers have geographic options they simply couldn’t consider before. And that makes it easier for homeowners in those locations to sell. With the right attitude and good planning, buyers and sellers can both navigate this market and benefit from all the factors that are heating it up this spring. Super Sales Numbers The CAAR 2020 4th Quarter Home Sales Report reveals how the Central Virginia real estate market heated up over the past year. Comparing that quarter to the same period in 2019, sales are up 23

percent. And homes are selling 12 days faster, on the market for an average of only 52 days. The median sales price is up nearly $40,000, which is the biggest jump in five years. The reasons for those increases are still in play. The COVID-19 pandemic is still boosting demand for homes in this area. Greg Slater, Associate Broker with Nest Realty, says “This pandemic has made Central Virginia look even better to those outside the area. Homeowners are re-evaluating what they want, and they are ready to make a move when they find it.” Michael Guthrie, CEO and Principal Broker with Roy Wheeler Realty Co., adds, “The trend of downsizing into homes with less square footage is moving back to people looking for more space. COVID-19 is creating a need for more space, especially with everyone realizing they can work more and more from home. Condo owners will look for a townhome, townhome dwellers now want a detached home with a yard. One reason for the increase in sales of homes over $1 million is those who can afford them are wanting some place to escape from their urban areas within driving distance.” And that puts Central Virginia in the crosshairs for those urbanites from Northern Virginia wanting a getaway. Top that off with an average 30-year fixed rate mortgage down a full point from a year ago, and it’s like throwing

logs on a raging fire. All the numbers are converging to extend and expand this strong market. Except one. Record Low Inventory The one data point with the potential to cool this sales streak is the number of homes available for sale. According to the same CAAR Report, the supply of homes at the end of the fourth quarter of 2020 was only 1.7 months. Inventory hasn’t been below two months in more than five years. For the market to keep going, buyers need homes to buy. Homeowners are staying in their homes longer than ever. The National Association of REALTORS® data show home tenure has nearly doubled to 10 years over the past decade and a half. And in the Charlottesville metropolitan area, the American Community Survey reports homeowners typically stay in their homes for 13 years. No wonder there aren’t enough homes on the market. Southern Development Homes Sales Manager Andrea Akers reports, “Overall inventory is remarkably low for the resale market and even speculative inventory among builders is down.” “This inventory situation has been coming on for the past six or seven years,” says CAAR President Quinton Beckham, Broker with Keller Williams Alliance Charlottesville. “Sellers sell for compelling reasons, such as job changes, moving

in and out of the area, household dynamics, financial and other reasons. Thus far, those reasons haven’t convinced enough people in this area to sell their homes.” The current market might create enough of a compelling reason. “There has never been a better time to sell your home,” says Matthew Woodson, REALTOR® with Nest Realty Group. Woodson reports only 18 homes on the market in Greene County, whereas a more typical period might have 70 or more existing homes for sale. If someone is considering a move soon, the financial reasons for selling now—such as intense buyer interest and low competition—may accelerate that decision. New Construction Another path out of this restrictive low inventory situation is through new construction. Slater says “Demand for new construction is high. 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.” Instead of hoping a homeowner will put their house on the market, they are turning to factors they can control and building their own home. “Demand for parcels suitable for custom design build projects is as high or higher than I can recall in my career,” says Slater, talking about Albemarle County. But the trend is true across the CAAR region. “The future is about development.


est are Fairhill Mountain Estates—with five of 13 lots sold or under contract— and Foxchase Landing, where only five lots remain available. In Greene County, Woodson reports that new construction at Hancock Farms is seeing a jump in demand. And dirt is being moved in Octonia Highlands for three custom homes under contract and two new spec homes. With the original spec home already sold, that leaves 15 lots available in this new development in the South River valley. Best Strategy for Buyers So how does a buyer navigate this seller’s market? Almost universal advice to buyers is to sit down with a REALTOR® before looking at houses. Beckham says “Identify the reasons you want to buy and the most important features that impact your life. Do this before you fall in love with a sunset out the window of some house that photographs really well. In the long term, you don’t want to buy something that doesn’t meet your highest priorities.” Whether your timeline is pushing you towards an existing home or you

7

21 Bridgeport Lane Amazing Blue Ridge Mountain and Rockfish River views from this well maintained and recently updated Nelson County Mountain Home. Featuring a new roof, a whole home generator, newly installed Jotul gas stove, fresh interior paint and new vinyl plank flooring. The finished walkout basement could be a 3rd bedroom, home office or studio. With raised garden beds and a separate outbuilding with electricity, proximity to wineries, breweries, distilleries, hiking, biking and water sports, this move in ready charmer has it all.

MLS# 610794

$349,900

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

North Pointe will launch sales soon. Otherwise, we will watch the developers to see how fast they can get new lot inventory to the market.” Beckham agrees. “The number of building permits is growing across the region. Some local governments have adopted a more growth-minded approach and are supporting this expansion.” And area builders are doing their best to resolve the inventory shortage. Akers says, “Southern Development has seen an overall increase in sales in new construction with January 2021 ending as one of the strongest months in recent years. This is a combination of low inventory and the opening of sales at North Pointe. We had an extensive wait list there, which I believe is partly due to the limited number of new construction options north of Charlottesville, but also due to the abundance of amenities that North Pointe will offer, including a large pool and clubhouse. “We are seeing buyers that want to downsize, move up to a larger home, want newer designs and finishes, and have more useable yard space. We hope to begin delivering the first homes late this year.”

1939 Garth Run Road Nestled into the mountains of Madison County, this farmette sits on 19+ acres with several outbuildings including a horse barn, 1200 sq ft metal shop as well as remnants of older buildings dating back to the original land grant by Lord Fairfax in 1749. The mostly open land has bucolic year round mountain views while the newer 3BD 2 BA home has an eat-in kitchen, formal dining room and a wood stove for cozy winter evenings.

MLS# 606538

$570,000

2376 Courthouse Road “Glen Love” in Meadow Estates Conveniently located

• Early Virginian minutes from I-64 andarchitecture • Near Trump Winery/ the town of Louisa, this Lawn Monticello/Ash almost 3 ac. in gated farm has it all -• Onwood• 69.95 acres and 12,000 community finished sqft ed privacy, gently rolling • 6500 + fin. sq. ft • 4 • Quality craftsmanship verdant pasture, fireplaces stocked • Oversized living spaces • Oak flooring, gourmet pond with new dock, • Board fencing, large bank kitchen barn and equipment shed • Geo-Thermal HVAC system large barn, equipment mls 501172 $2,895,000 m l s 5 0shed, 2 0 3 6 paddocks, salt $ 2 wa,099,000 ter pool, solar panels, Blenheim Farm Commercial Property in Waynesboro fenced garden, orchard • All brick Georgian • Approximately 17.22 and apiary. The 3 BD 2.5 acre(s) • 4800 finished sq/ft • 5 bedrooms 4 full and 1 half BA home has numerous • Located on Lew Dewitt baths updates including• Over new siding, new windows, skylights, huge Blvd kitchen 25 acres of open and • More land available wooded land, creek and pond with new appliances. site. • 3,078 sq ft. brick building • Picturesque farm pastoral landscape

• Pond and mountain views

• Quartz countertops, stainless appliances, first floor master suite, gated security

sold as is

MLS# 613032 mls 495948

• Community walking and riding trails

$849,000 1165 Pen Park Road

Magnolia Farm In Louisa

$895,000

• High growth commercial location

mls 501713

$1,700,000

Cape Cod Style Home in Scottsville

Solid 1930’s • Vaultedbunceiling in the great room enhances the wall of galow waiting forwithabackyard views. windows Secluded master offers a new owner• to bring walk-in closet and lavish bath back the charm. • Salt waterLopool, koi pond, grounds cated on a• lush double Horse facilities including barn & riding ring. lot for a combined acreage of .79, the features mls 500545 m l s 4 7 8 1 1 3 property $750,000 a 3 BD, 1 BA home Unique Belmont Building Country Home in White Hall and a large garage/ • Located in DOWNTOWN • Glorious MOUNTAIN VIEWS workshop. from Located BELMONT your front porch and deck. • A short walk to C’ville’s down• Custom kitchen with gas just minutes from town mall range,granite counters & tile backsplash • Great opportunity to own a downtown,• the John mixed use property Huge dining room for entertaining, plus a bright and open family room Office suite on the 1st Warner Parkway,• this property is close to everything. Zoned• R-4, this floor (2 offices,reception First floor master suite and a area,bathroom)and a 1 bedroom finished terrace level property has several possibilities for future uses. apartment on the 2nd floor • Classic 2 over 2 farmhouse,ca. 1890 • Recently RENOVATED • Mini-farm,set on 4.5 open, board fenced acres, • 2 stall barn, detached 2 car garage w/ apartment • Commercial use is possible. • Horses, farm animals, nursery, B&B, etc. • Between Richmond and C’ville only 3 miles from I-64.

• Covered front porch

• Quiet country living, great mountain views • 25 minutes to the heart of Charlottesville

are exploring new construction, start m l s ? ? ? ? ?L ?? $Price mls ??????? $ 4 5 0 , 0 0 0 $Price 9 9 6 1 2S # 6 0 7 3 0 6 mls 496870 $495,000 now. Ben Davis, Vice President of Sales m l s 4 M with Craig Builders, says “The buyers that get what they want start planning early. Talk to your favorite builder and REALTOR® early on so you can put a game plan together. Without a game 434.220.5656 real estate partners sloanmanis.com plan in this market, a buyer is not likely to come out a winner.” 434.220.5656 | sloanmanis.com One factor playing in buyers’ favor is the recent freedom from location for

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Craig Builders is also building at North Pointe and seeing strong interest in their villas and single-family homes. The first phase of North Pointe has 107 single family lots. Developer John Neal reports that 50 of those will be ready by May and the remaining 57 by the end of the summer. Another familiar hotspot for new construction is Crozet. Two of the many neighborhoods seeing heightened inter-

• New roof,wall heat/ac units • Great front porch, private fenced yard and off-street parking.

FEATURE

Gracious Living in Willow Pond


FEATURE

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

8

a significant number of them. “Many workers in a financial position to buy have gone virtual at their workplaces. That means buyers have more geographic options than they ever have. So, Charlottesville and Albemarle County are not dominating the local market as they did before,” according to Beckham. This is great news for more rural counties. Every region in the CAAR footprint

saw double-digit increases in sales volume from the fourth quarter of 2019 to the same quarter in 2020. Nelson County’s 84 percent increase topped the charts, with Louisa and Fluvanna County coming in at 28 and 19 percent, respectively. The market is growing wherever there is strong internet availability. Beckham says “The new mantra is ‘Location. Internet. Location.’ The continued expan-

Carla Huckabee writes on health and high performing real estate.

NOW IS THE TIME TO SELL! UNDER

CONTRA

UNDER T C CONTRA YS IN 2 DAICE FULL PR

UNDER T C CONTRAAY IN 1 D ICE FULL PR

CT

1825 WICKHAM PLACE

214 LAMM ROAD

664 DEER DRIVE

Welcome home! Stroll down the sidewalks of Enjoy the picturesque setting from your front this picturesque neighborhood perfectly placed porch over looking your private pond. The first between Charlottesville & Crozet. Enjoy an floor includes the master suite with attached open floorplan with large kitchen overlooking bath &closet. The great room with vaulted ceilthe family room. Separate living room gives ing gives a grand space with open kitchen, tons of flexibility. The morning room is perfect large living room and dining room. The main as a dining room while allowing beautiful nat- floor is completed with a laundry room &home ural light to flood the living space. Go upstairs office/study that could be converted to an adto find your master suite with two additional ditional bedroom. Go upstairs to enjoy two bedrooms. The top floor is finished off with a large bedrooms & full bath. The yard is profeslarge loft and mountain views to use as a home sionally landscaped with beautiful front porch, office, study, or playroom. The basement has a private back deck for entertaining, & there is a huge multi-purpose/rec room with full bath. The custom stone patio with pergola. Several outbig unfinished space has room for a fitness area buildings provide tons of storage and potential and tons of storage. Sit on your back patio to en- including a chicken coup. This home is like livjoy the yard & wooded views. Call now to visit! ing in a postcard. Come see it while it lasts. MLS# 612202 $445,000 MLS# 611595 1544 Sawgrass Ct $425,000 2142 Avinity

Price Drop!

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

sion of Broadband and the ability to work remotely is a lot of what’s behind the recent spike in Nelson County and other areas. If there is a robust internet connection, markets open up to virtual workers. That makes it easier for buyers to buy and sellers to sell.” Guthrie, too, is expecting this strong market to continue throughout 2021. He attributes it to four factors. “We will

continue to experience a low housing inventory resulting in continued demand. COVID-19 is creating a need for more space especially with everyone realizing they can work more and more from home. Millennials have fast tracked plans to buy with the money they have saved while staying home (not eating out and less travelling) and are taking advantage of historically low interest rates. Many parts of the economy are experiencing recovery, bolstering consumer confidence.” Think of each of those reasons as another log on the fire. And that fire is driving up prices in Central Virginia, just as it is in most areas of the country. Locally, these increases range from a low of seven percent in Greene County to a high of 34 percent in Nelson County in year-over-year sales prices. As buyers approach this market, considering new locations and understanding the dynamics of a sellers’ market will help. Beckham puts it this way, “If you’re a buyer, don’t bring a knife to a gunfight. That doesn’t mean you should sit out this market, but you should be prepared to pay for value. These increases in prices are countered by historically low interest rates. The prices make it an easy market for owners to sell and everything else converts lookers into buyers.” Don’t let the heat scare you. “All in all, this spring is going to be a great market.”

Home sweet home! Situated on a large corner lot with tons of privacy in the wonderful Deer Lake Estates neighborhood. A covered porch welcomes you home. As you enter you’ll find a large, comfortable living room plus separate dining room. The open kitchen with island has plenty of space for multiple cooks and opens to a family room with fireplace. A home office/study/playroom and laundry room complete the first floor. Head upstairs to find four bedrooms including your large master suite with updated master bath and two closets! Don’t miss the cute nook perfect for reading or a desk. The back patio overlooks a beautiful level lawn backing up to trees Sunday 1-3 pm for the added privacy. This well maintained 2808and Magnolia Dr Loop home is move-in ready waiting for you! & tranquility less than 15 minutes from Beautifully upgraded 4 BR townhouseMLS# w/mountain 612101Peace $300,000

Under Contract

Complete 1st floor living, lg MBR & BA w/laundry. Hardwoods on main floor. Gourmet kitchen & loft open to LR. Outside patio. $410,000

434.305.0361 paulmcartor.montaguemiller.com/575169 pdmcartor@gmail.com

!

2357 Middle River Rd

views! Open floorplan, perfect for entertaining with private patio. $365,000

Downtown! Enjoy this wonderful house on over an

paulmcartor.montaguemiller.com/575473

paulmcartor.montaguemiller.com/577468

paulmcartor.montaguemiller.com/576182

acre with beautiful mature trees. SPECIAL INCENTIVES NOW $469,900 FOR SPRING LISTINGS!

Call Me Today!

434.305.0361

pdmcartor@gmail.com HONORABLE MENTION

Best of Cville Real Estate Agents in 2016 & 2017, and a Finalist in 2018

GE T YO UR HO M E SO LD HE RE !

Best of Cville Real Estate Agents

Under inventory is low and buyers are in the market. If you have thought about selling, now may be the perfect time. Contact me now to explore your options! Come enjoy the peace and tranquility of your own lake front retreat! Single floor living home includes both MB & laundry on the main floor. $240,000

Buyers & Sellers!

FINALIST

Open House

PUT YOUR HOUSE HERE: ys! Contract in 6 da

Contact me today to find out about our New Listing Program. Let’s get your home

LISTED, UNDER CONTRACT & SOLD!

! N e w L is ti n g

BUYERS & SELLERS CALL ME TODAY!

4161 Presidents Rd

Price Drop! 920 GARDENS BLVD #200 CHARLOTTESVILLE, VA 22901 WWW.AVENUEREALTYGROUP.COM

Country living 15 minutes of Downtown & within Albemarle County. This single floor home has beautifully updated kitchen & bathrooms. $260,000

63 Soapstone Ln

Here’s your chance to live in a 1906 farmhouse with all the style and character while enjoying the conveniences of a modern home. $130,000


9

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

LACKEY LANE

Unique Fixer Upper! Circa 1930’s Railroad House set on 2 acres in Covesville. Lovely double front porches. First floor is a separate apartment. Second floor, which is accessed from the back, is at ground level. Come out to see the possibilities! $185,000

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

Annie Gould Gallery

OLD TRAIL DRIVE

A unique art gallery located in the heart of historic Gordonsville. Offering an assortment of works by local artists as well as those from throughout the country.

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

109 S. Main Street, Gordonsville, VA • (540) 832-6352 anniegouldgallery

CALL SHARON

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

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. 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.

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

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

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.


HOME SALES STATS

Do you have Commercial Space to Lease?

ENDING THE WEEK OF FEBRUARY 21, 2021 THERE WERE 68 SALES IN THE 11 COUNTY AND CITY AREAS

n 21 were in Albemarle with an average price of $571,951 n 6 were in Charlottesville with an average price of $355,667 n 10 were in Fluvanna with an average price of $329,054 n 7 were in Greene with an average price of $346,129 n 11 were in Louisa with an average price of $269,303 n 1 was in Madison with a price of $391,000 n 2 were in Nelson with an average price of $264,750 n 5 were in Orange with an average price of $279,552 n 5 were in Staunton with an average price of $271,380

HOMES SOLD

Be sure to advertise your listings in the March 24th issue of the

Real Estate Weekly

CAAR

FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

10

featuring the area’s Newest Commercial Real Estate Developments! Call 434.817.9330 to Advertise!

THE 1521 BARNETT STREET BELVEDERE

622 WILDER DRIVE LOCUST GROVE

206 CARDINAL COURT STANARDSVILLE

Staff:

EDITORIAL COORDINATOR

Celeste Smucker • editor@caarrew.com

MARKETING SERVICES Beth Wood beth@caarrew.com • 434.817.9330

387 SAINT IVY AVENUE TROY

410 LEGION POST LANE MADISON

176 N ALMOND STREET ORANGE

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

LOCAL GOVERNMENT (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.)

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

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

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

ORANGE COUNTY

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

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


FEBRUARY 24 - MARCH 2, 2021 ISSUE 3008

Support local journalism.

11

Join the C-VILLE community.

The paper will still be free to pick up, but becoming a paid member supports our vital mission and gives you access to the fantastic perks below. MEMBER PLAN

$50/Year

✔ Support independent local journalism Your generous contribution helps preserve vital local journalism for the Charlottesville community ✔ C-VILLE Weekly members-only newsletter Exclusive deals, discounts and event invitations delivered to your inbox every Friday

$100/Year

✔ All the benefits included in the Basic Plan ✔ Free C-VILLE t-shirt or tote bag Choose from our limited edition, artist-designed C-VILLE t-shirt or tote bag ✔ Exclusive contest entries Access to member-only contests (local event and concert tickets, including Best of C-VILLE, coupons and gift cards to local restaurants, venues and more)

MEMBER PREMIUM $200/Year ✔ All the benefits included in the Basic and Plus Plans ✔ Member-only Zoom events Invitations to special virtual events with our editorial staff ✔ Best of C-VILLE party invitation You and a guest will be invited to the hottest party in town-the Best of C-VILLE celebration

Head to bit.ly/cvillemembership to begin your enrollment! Business Memberships Now Available. Email anna@c-ville.com for details!

www.c-ville.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

✔ Digital edition of C-VILLE Be the first to read C-VILLE each week with early access to our digital issue delivered to your inbox (before it hits newsstands)

MEMBER PLUS


A DREAM HOME IS GREAT, BUT THE RIGHT ONE IS BETTER. Let an agent who knows guide you.

$458,900

RIVANNA VILLAGE

$463,315

Hidden Hills Subdivision

133 BLUE RIDGE DR

$424,900

SOLD

Bev Nash

434-981-5560

• 3 or 4 bedrooms, 3 baths • 440 sf garage • 2,372 sq ft plus a finished screen room • Main level master suite and dining room • Granite kitchen counters on white cabinets • Extensive main level floor tile, gas fireplace • Community trails with Glenmore facilities close by

$589,000

Steger Creek Troy, Va

Ruth Guss

434-960-0414

• 4 Bedrooms, 2 1/2 Baths, 4,588 Fin. Sq. Ft • New Home to be Built on 4.79 Acres • First Floor Master Suite with attached Garden Bath • 5” Engineered Hardwood Floors on Main Level • 2 Car Garage, Crown & Chair Molding • 10’ x 20’ Morning Room, 2 Zone HVAC

4209 HAWKINS LANE

Shannon G. Hudson 540.661.2083 • Classic home in a classy neighborhood • 5 bedrooms w/3 masters, 4.5 baths • Landscaped w/brick courtyard & fountain • Partial basement w/1 car garage • Sunroom, FP, built in bookshelves

$535,000

$99,900

SIMILAR TO PIC

Dan Corbin • • • • • • • •

434-531-6155

To Be Built, Elegant One Level Living on 2 Ac 2800 sq ft. 4 Bed, 4 1/2 Ba Finished Bonus Room Up Open Great Room, Dining and Spacious Kitchen, Walk in Pantry 9ft Ceilings, Granite, Upgrades Galore, 2-Sided Gas Fireplace LVP, Ceramic Tile, Carpet, 20 SEER HVAC, Foam Insulation No HOA, Well and Septic, 6 Miles to I64, 20 minutes to Cville MLS 613824

Piney Mountain Subdivision, Palmyra

10+ acre Lots

GOT PLANS? LET’S BUILD!

Dan Corbin 434-531-6155 • Gorgeous NEW 10+ Acre Homesites • No HOA, Common Sense C&Rs, Firefly • Close to the Lake, Dining, Shopping, Schools • Ready to Build? Be in Your New Home Summer 2021 • Your Choice of Remaining Lots - $109,000 • Call for A Personal Tour - MLS 602023

434.985.0021 410 West Main Street Charlottesville, VA 22902 Downtown

Candice van der Linde 434-981-8730 • Country Living in Convenient Location. • Private Stocked Pond & almost 5 acres in Albemarle County • Main Level Master Suite • Eat In Kitchen w Stainless Appliances • Covered rear deck & Finished Basement • Covered Front Porch w View of your pond & pasture • MLS# 605931

$599,999

31 ASHLAWN BLVD

Pat Burns

434-465-4444

• OWNER FINANCING considered on this large secluded 21.02 acre parcel with cleared building site on a hill overlooking wooded hillside and small running stream

517 LEXINGTON AVE

$945,000

SALE PENDING

Lori Click

434-326-7593

• Beautiful Lake Monticello Waterfront Property • Location, Location, Location. • 4 Bedrooms, 3 Baths • 102 Feet of Water Frontage, Dock is 53’ x 12’, Kayak Rack • Sunroom - Views From Most of the Windows

Candice van der Linde 434-981-8730 • • • • • • • • •

Quintessential Charlottesville Notable Victorians on Lexington Ave Extensively renovated Redesigned character in all bathrooms, Master suite created on 3rd level Tremendous banquette seating & abundant light Ornate fixtures throughout convey Unique shelves, custom art features & organic tile and Onyx detail. Large level fenced yard

434.974.1500 943 Glenwood Station Ln Suite 203 Charlottesville VA 22901

Profile for The Real Estate Weekly

The Real Estate Weekly | 2.24.2021  

The Spring Real Estate Market

The Real Estate Weekly | 2.24.2021  

The Spring Real Estate Market

Advertisement