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VOL. 30 NO. 16 n MAY 5 - 11, 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 ®

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

Looking out on Double Top Mountain at Rose River Farm

No Place Like

Madison County BY CARLA HUCKABEE

PLUS: CAAR Homes Sales Report First Quarter 2021


EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers

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

KESWICK ESTATES

Exquisite English Country home on 2.5 acre. 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

FARMINGTON

1954 Milton Grigg 8-BR residence on over 2.5 acres. Fronting the 17th fairway in Farmington, offering 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 www.320FarmingtonDrive.com

U C ED

NORTH DOWNTOWN

Stunning Colonial Revival style circa 1913 residence has been recently restored to perfection. The current owners lovingly and thoughtfully preserved the exterior and interior architectural details yet have used modern high end finishes for a huge “wow” factor. The floor plan is updated for an easy, comfortable lifestyle. Great flexibility in this fourbedroom, five-bath brick home with coveted private backyard and off-street parking. Walk to the amenities of the Historic Downtown Mall and UVA. MLS#608794 $1,449,000 Charlotte Dammann, 434.981.1250

R ED

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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

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

WOODLANDS

Beautifully restored 1780s Colonial on 293 acres in Northampton County. This historic home has 4 BR, 3 full & 2 half BA. Access to deep water on the Machipongo River which flows into the Atlantic. Rare offering. MLS#614051 $1,495,000 Steve McLean, 434.981.1863 WoodlandsFarmVa.com

SIX MILES NORTHWEST

Private 4.29 acres, spacious Traditional brick home, built circa 2006, 4 BR and 4.5 BA, attached 3-bay garage and detached 2 bays. Meriwether Elementary District, NO HOA, only 6 miles to Barracks Road Shopping Center. MLS#614079 $1,250,000 Jim Faulconer, 434.981.0076

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

FAIRVIEW

Circa 1880, wonderful light-filled home with 4 bedrooms, 2.5 baths, and approximately 4,200 finished square feet of living space on 2.34 acres, surrounded by a 288-acre farm protected with a conservation easement. Panoramic views of the surrounding pastoral countryside and the nearby Blue Ridge Mountains. Situated near the Shenandoah National Park and Blue Ridge Mountains, and several vineyards and breweries, in the Western Albemarle School District only 15 miles to Charlottesville. MLS#616135 $978,000 Jim Faulconer, 434.981.0076

TOTIER HILLS FARM

Exquisite brick mansion, superb quality construction and features in over 9,000 fin. sf. 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

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

WWW.MCLEANFAULCONER.COM


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SWEET RETREAT

4-bedroom mountain home on 14+ acres with gorgeous views of the Rockfish Valley & Blue Ridge Mtns. Oversize windows, heart-pine flooring, soaring ceilings. Minutes from skiing, hiking, excellent food, & beer & wine trail. MLS#610115 $995,000 Steve McLean, 434.981.1863 www.330GraceGlen.com

RUSTLING OAKS

Attractive, well-built residence on 4.09+/- mostly wooded acres, end of cul-de-sac location, 3 BR, 3.5 BA, high ceilings, beautiful hardwood flooring, large well-proportioned rooms, fin. bonus room above 2-car garage, full unfin., walk-out basement. MLS #614704 $1,385,000. Steve McLean, 434.981.1863

OLD VIRGINIA

Beautiful, mostly open rolling Albemarle County parcel offering 51.8 acres, sweeping panoramic mtn. views, bold stream, pond, & old unrestored log cabin. Has division rights & potential for conservation easement. 16.2 miles west of Charlottesville. MLS#615504 $780,000 Tim Michel, 434.960.1124

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

CLOWES HOUSE

Circa 1870 residence in the heart of Gordonsville with historic character, original architectural detailing, & updated systems. Walk to the many amenities of Historic Main Street Gordonsville or take a short drive to Charlottesville and UVA. MLS#615710 $289,000 Charlotte Dammann, 434.981.1250

BUFFALO RIVER ROAD

Elevated 21-acre tract, mostly mature hardwood forest and road frontage in northwest Albemarle. Elevated homesite offers potential panoramic Blue Ridge Mountain views with some clearing. Adjacent 21 acres also for sale. MLS#614424 $227,000 Jim Faulconer, 434.981.0076

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 $1,785,000 Steve McLean, 434.981.1863

FOOTHILLS FARM

Private, peaceful, and scenic with idyllic setting and views! 170 acs. of pristine farmland, circa 1921, 4-bedroom farmhouse. Currently used as cattle farm, includes barn and additional outbuildings. MLS#613650 $1,585,000 Steve McLean, 434.981.1863

WESLEY CHAPEL ROAD

Nice, mostly wooded residential building lot in Meriwether Lewis School District! Great privacy, 1.72± acres, beautiful rural setting in an area of large farm and estate properties. Located approximately 15 miles NW of Charlottesville. MLS#613685 $125,000 Steve McLean, 434.981.1863

GREENTREES

188+ acres in Albemarle, 12 miles south of Charlottesville on Rt 20. This wooded tract, mostly in hardwoods, offers long road with potential for eight 21-acre lots. There is conservation easement potential. MLS#614109 $1,299,000 Tim Michel, 434.960.1124

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

WWW.MCLEANFAULCONER.COM

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

LONESOME MOUNTAIN ROAD

5-acre lot that has not been available for many years. This country but close-to-town location is conveniently located with quick access to Historic Downtown Mall, UVA, NGIC, airport, and North Fork Business Park. MLS#593160 $250,000 Charlotte Dammann, 434.981.1250

BLANDEMAR FARM ESTATES

25.4 acres with varying topography and amazing rock outcroppings. Unique design opportunities to create a stunning residence with magnificent views. Convenient to Charlottesville & UVA. Fiber optic available. MLS#593358 $554,000 Charlotte Dammann, 434.981.1250

MAY 5 - 11, 2021 ISSUE 3018

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers


MAY 5 - 11, 2021 ISSUE 3018

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CAAR Homes Sales Report First Quarter 2021 Market Report Key Takeaways Economic Conditions • In the first quarter of 2021, the pace of economic growth both statewide and in the Charlottesville region has slowed somewhat. However, consumer spending and job growth likely will accelerate this spring. • Consumers’ confidence about present and future economic conditions improved in March. • Mortgage rates ticked up slightly in the first quarter of 2021, although it is likely that rates will stabilize and remain low for the rest of 2021. Housing Market Conditions

REAL ESTATE NEWS

• Sales activity was relatively flat in the CAAR market this quarter. There were 815 sales in the region during the first quarter, 3% fewer than last year. • Sales prices continue to rise throughout the area. At $335,000, the first quarter median sales price climbed 11% from last year, a gain of $33,000. • The inventory in the region continues to be very low and is continuing to get smaller. There were just 540 active listings in the CAAR footprint at the end of the first quarter, down 61% from a year ago.

Key Trends Dashboard, CAAR Economy • 4.6% | Is the Feb-2021 unemployment rate in the CAAR footprint, which is down from Jan-2021 • 3.18% | Is the 30-year fixed-rate mortgage rate during the 1st week of April 2021, which is down 0.15 percentage points from a year ago Housing Market • -21 |Fewer home sales in the CAAR footprint in Q1-2021 compared to last year

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

• 11% | Percent change in median sales price in the CAAR region in Q1-2021 compared to a year ago • $27.2 | Million dollars more in total sold volume in the CAAR footprint in Q1-2021 compared to last year • -61% | Percent change in active listings at the end of Q1-2021 in the CAAR market compared to a year ago • 1.4| Months of supply in the CAAR footprint in Q1-2021, which is down from a year ago

Economic Overview Economic conditions in Virginia improved in early 2021; however, the pace of job growth in the commonwealth has slowed. With the distribution of Federal

stimulus funding and greater availability of the COVID-19 vaccine, consumer spending will rise and job growth will accelerate this spring. The improving economy will support strong housing demand. While the Virginia economy has been adding jobs since the summer, there has been a slowdown in early 2021. There were about 3,700 fewer jobs in February than there were in January, after the addition of 16,300 jobs between December and January. After falling for several months, the unemployment rate in the Charlottesville region was higher in January and February 2021. The regional unemployment rate was 4.6% in February, which was down from 5.0% in January but is an increase from 3.9% in December. The region’s unemployment rate remains below both the statewide and national rates. The local economy should improve in 2021 and the unemployment rate likely will fall in the months ahead. New residential construction activity has remained relatively steady in the Charlottesville region over the past nine months. In January and February 2021, there was a total of 195 permits issued for the construction of new homes, including 147 single-family homes and 48 housing units in multifamily buildings (including duplexes). Compared to January and February 2020, the number of permits for new housing construction is up 31%, with an increase of 47% in permits for new single-family homes. Despite the steady homebuilding activity, the pace of new housing construction remains below what is needed to meet demand. At the same time, rising lumber and other materials costs have increased the cost of delivering new housing. Consumer confidence measures improved in March. A consumer confidence index above 100 indicates people are feeling more optimistic. In March 2021, the measure of confidence in the present economic situation was 118.9, up from 91.3 in February. The measure of consumers’ confidence in future economic conditions rose to 112.6 in March, moving above 100 for the first time since October. Mortgage rates increased for several weeks in February and March. According to data reported by Freddie Mac, the average 30-year fixed-rate mortgage rate increased from an average of 2.73% in mid-February to 3.18% at the end of March. Average rates fell to 3.13% in the first week of April. It is unlikely that the Federal Reserve will raise rates in 2021, even with improvements in economic conditions. As a result, mortgage rates likely will remain low throughout the year.


Inventory

The CAAR area housing market had a relatively slow start to 2021. As a result of a slowdown in March, home sales were fairly flat in the first quarter compared to a year ago. Despite the slowdown this quarter, home prices in the region continue to surge, which is also keeping the sold dollar volume above last year’s level. The low supply of homes continues to make for a very competitive market for buyers, which in addition to driving up home prices around the region, is also causing homes to sell much faster, on average.

The CAAR area market is one of the most competitive in Virginia as the supply of active listings continues to shrink rapidly. There were just 540 active listings in the region at the end of the first quarter, less than half the number of listings available a year ago (-61%), which is a reduction of 858 listings. The chronically low supply in the region’s housing market reflects broader market trends both in other parts of Virginia and nationally. In Virginia, there was a total of 15,787 active listings at the end of the first quarter, which is down 46% compared to a year ago. Many would-be sellers are opting to renovate or expand their homes instead of selling. In other cases, homeowners are hesitant to sell their homes because price points have been rising rapidly so buying another home to move into in a tight market makes less sense financially than staying put in their current home. There were about 1.4 months of supply at the end of the first quarter in the CAAR footprint, down from 3.6 months a year ago. The months of supply metric is calculated by taking the average monthly sales over the preceding 12-month period and dividing it by the inventory of active listings.

Sales Overall, sales activity in the CAAR housing market was flat during the first quarter. There were 815 sales in the region, 21 fewer sales than a year ago, a modest 3% reduction. The slowdown in activity this quarter occurred in March, as sales declined in all jurisdictions in the footprint compared to the prior year. Sales in January and February were relatively strong, outpacing last year’s totals by double digits. The pullback in March sales likely reflects the very low supply in the region, which has given buyers very few options. In the first quarter of 2021, there were 29,128 homes sales in Virginia, which is up 19% compared to the first quarter of 2020. Prices in the CAAR housing market continue to rise rapidly, a trend that has been consistent for the past five years. The first quarter median sales price in the region was $335,000, up 11% from last year, a gain of $33,000. All local markets in the CAAR footprint had very strong price growth this quarter. The consistent price growth reflects a competitive market for buyers, as inventory in the region’s housing market continues to dwindle to historic lows. In Virginia, the median sales price in the first quarter was $325,000, which was up 12% compared to the first quarter of 2020.

Sold Volume Despite the relatively flat sales activity this quarter, surging prices in the CAAR market pushed up the total sold dollar volume. There was approximately $332.9 million of sold volume during the first quarter in the area, which is 9% more than a year ago, a gain of about $27.2 million. The sold volume has been trending up in the region for more than two years.

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.

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

NORTHERN ALBEMARLE

A serene setting with peace and quiet, yet only 10 minutes to Hollymead Town Center. Set on a knoll in northern Albemarle, this French Country home offers one floor living. Beautiful back terrace with large boxwoods and a beautiful view. A split bedroom plan features a large master bedroom with 2 full baths. Detached garage with room for storage as well as a large attic. $545,000

UNIVERSITY CIRCLE

Unique opportunity in the best University location. Over a half acre lot. Bright clean residence with 3 bedrooms, 2 full baths, hardwood floors, great room, dining room and eat-in kitchen. Property also offers 2, one bedroom apartments on the terrace level. Large deck. Lots of off street parking! $850,000

CALL SHARON

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

Annie Gould Gallery

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.

A unique art gallery located in the heart of historic Gordonsville. 109 S. Main Street, Gordonsville, VA • (540) 832-6352 anniegouldgallery

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Days on Market As supply continues to shrink, homes are selling much faster on average in the CAAR area. The average days on market in the first quarter was 43 days, which is about a month faster than last year (-33 days). The amount of time it takes to sell a home in the region has been trending down for years; the average days on market this quarter is about two months faster than in the first quarter five years ago. Statewide, the average days on market in the first quarter was 34 days, which is down from 53 days in the first quarter of 2020.

REAL ESTATE NEWS

Sales Prices

About VR

5 MAY 5 - 11, 2021 ISSUE 3018

Housing Market Overview


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Hawksbill Mountain, at 4,050 feet, is Madison County’s highest point

FEATURE

No Place Like

Madison County BY CARLA HUCKABEE

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

“There’s no place like it.” Fiona Tustian, REALTOR® with Howard Hanna/Roy Wheeler Realty Company, didn’t even know she was looking for Madison. Visiting the area from Connecticut, she had no idea where she wanted to live. “One snowy day I came across an old farmhouse and said that’s the one.” That was 16 years ago and she’s still here. Julie Holbrook, REALTOR® with Nest Realty Group, moved to Madison County in 1990 for her husband’s job. “Once you get here, you don’t want to leave. I love my home overlooking the Hebron Valley. And now I have two sons moving back to properties near us because they love it too. I am truly fortunate.” Jennifer Gilley grew up on a farm in Madison County. When her parents moved out of the farmhouse in 2015, Jennifer and her husband sold their small farm and moved back to her home farm. They are now raising their three children on Heaven’s Hollow Farm and have begun diversifying their operations with direct-to-consumer sales. Three of the top draws to Madison County are the outdoor recreation oppor-

tunities, a robust agritourism sector, and the extremely small Town of Madison.

Active and Outdoors Madison boasts plenty of best in class, especially in outdoor recreation. Highest peak. Best hike. Best scenic drive. Most luxurious glamping site. The list goes on. With more than 50 of its 327 square miles inside Shenandoah National Park (SNP), it’s no surprise that Madison beckons to adventurers. Hawksbill Mountain, at 4,050 feet, is Madison County’s highest point and is

in Shenandoah National Park. Featuring a 2,500-foot ascent from Timber Hollow, hiking to the summit is a popular challenge. Not to be outdone, Old Rag Mountain was named by Outdoor Magazine as one of the 25 best hikes in the world. Fitting of its stature, Old Rag’s parking area is filled before 8:00 a.m. on most weekends. To enjoy hiking and waterfalls in one trip, there’s none better than Whiteoak Canyon. Six waterfalls range from 35 to 86 feet, with swimming holes at the base of each. Options to extend the hike

convert this trail to a strenuous 8.2-mile circuit. Together, these neighboring mountains and canyons draw experienced hikers to Madison County for one or more challenging days. Easier treks are also available throughout this section of the Blue Ridge Mountains. If water has more appeal than climbing mountains, Madison still delivers. The Rapidan River comprises the southern border of the county. Together with its major tributaries, the Rose, Robinson, and Conway Rivers, the Rapidan offers first class fly and trout fishing. Paddling outfitters and public access points serve these rivers well. Even if your idea of enjoying the outdoors is peering through a car’s windshield, you won’t be disappointed. Route 231 runs right through Madison County and is one of the top 10 scenic by-ways in the US.

Breweries, Vineyards, Hospitality

Tap 29 Brewery

In Central Virginia, breweries and wineries with spectacular views mean big business. And Madison County boasts five of its own including DuCard Vineyard, the only solar powered vineyard in Virginia; Early Mountain Vineyard;


7

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MAY 5 - 11, 2021 ISSUE 3018

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Conceptual images shown. Pricing and design subject to change

FEATURE

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FEATURE

MAY 5 - 11, 2021 ISSUE 3018

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and Revelation Vineyards featuring its 1830s log cabin in the heart of the Hebron Valley. Bald Top Brewing combines history and libations with a 1940’s historic hay barn converted to a tasting room. Seeking to broaden their customer base, two typically stand-alone agritourism attractions merged, bringing the best of both worlds together. Prince Michel Vineyard and Tap 29 Brewery is the perfect pairing offering the convenience of a winery and a brewery under one roof. Blue Quartz Winery and Shotwell Run Brewing Company is the newest entry in Madison’s combined winery and brewery space. Here you can regale your companions with tales of your adventures as you view Old Rag Mountain with a post hike wine, cider or seasonal craft beer brewed onsite. Fieldstone Trails offers guided horseback rides through and overlooking the Blue Quartz vineyards. After spending the day touring the wineries and breweries, there’s no need to head home. Whether you’re roughing it or glamping, an astounding array of overnight options allow you to enjoy the night skies away from urban light pollution. Rose River Farms, with three 1,100 square foot cedar and glass yurts in Syria not far from Old Rag, has been named the most luxurious glamping in Virginia. Graves Mountain Lodge borders SNP and offers resort-like amenities and a variety of overnight options on 1,500 acres. Madison Vines RV Resort and Cottages is upgrading the existing campground and adding new structures, 75 additional RV sites, a fitness center and pool. These and other distinctive guest houses, cabins, lodges, and bed and breakfast inns cater to Madison County visitors who want to extend their adventures into the night.

Town of Madison Losing 40 percent of its population in the past century, the Town of Madison is

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

This designer can vouch for the Dirty Bird sandwich at Mad Local. It was yummy!

Luxurious glamping at Rose River Farms

home to only about 300 residents. But the outlook is bright. Ask Jacob Floyd who opened the restaurant Mad Local in 2017 after serving in the Coast Guard and Reserves. Floyd is hyper-focused on supporting other downtown Madison businesses and serving local fare. He gets everything he can from local sources. Bread and baked goods come from the bakery across the street, meat and vegetables from local farms. In turn, Floyd enjoys tremendous support from the community. Customers know they are getting a great meal at Mad Local and the money that Floyd takes in gets recirculated many times over

through the restaurant’s local suppliers, creating a strong economy from which everyone benefits. Floyd is optimistic about the future of Madison. “The town council is getting new perspectives and doing things that will make it a downtown where people want to spend their time and money.” For his part, Floyd is going all in. This month he will open 117 Market Place, a new storefront two blocks from Mad Local. He will keep his focus on local and unique products, from salsas to spices, eventually venturing into on-site dining. Keep your eye on this little town in the heart of Madison County.

County Economy As expected, much of the county’s economy is based on its rural nature and access to the outdoors. Major employers include retailer Plow & Hearth; Box In Box Out, an order fulfillment and inventory management company; Madison Wood, making high quality treated wood products; Woodberry Forest School, a boy’s high school; and the hospitality and agritourism sectors. A barrier recognized by the County Board of Supervisors is the lack of widespread Broadband service. They are aggressively addressing the problem and planning for nearly universal expansion. Madison’s economic success is tied to what makes it different, because that’s what makes it attractive for residents and visitors. Where else can you enjoy a Wool and Wine Festival and Sheepdog Trials? “One way we celebrate our unique heritage and natural resources is through our festivals,” says Tracey Gardener, Tourism and Economic Development Director for Madison County. “Two of our big celebrations, Graves Mountain Festival of Music and The Taste of the Mountains won’t be back until 2022 due to the pandemic and the crowds involved. But this month we have our Annual Tour de Madison on May 15, and our Sunflower Festival in June. Almost every weekend, people are out celebrating what’s special about Madison County.”

Housing The real estate market in Madison is enduring the same trials as other housing markets in Central Virginia. Tustian says, “The numbers for Madison County are astonishing. Right now, we only have 27 listings. In a normal spring that might be 80 to 100 listings. There are fewer owners selling and houses are getting snapped up quickly. The median days


9 MAY 5 - 11, 2021 ISSUE 3018

FEATURE

Find Homes Team REALTORS®

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sf 3686 fin. 3686 sf fin. sf

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$515,000

Coming Soon!


MAY 5 - 11, 2021 ISSUE 3018

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AUCTION

LA N D

Friday, Wed, May Jan.15 12 at 12:30PM

January May

15 12

Bedford Co.

Wednesday Friday

Timber Timber • Hunting • Hunting • Fishing • Fishing • Boating • Recreation • Recreation

145Acres Wooded with Creek 228 onAcres Leesville Lake TRF

AUCTIONS

Torrence, Read, & Forehand

In 3 Tracts: 25, 90, & 113 Acres

TRFAuctions.com 434-847-7741

101 Annjo Court, Forest, VA 24551 | VAAF501

SA ON ABL LD UTE

AUCTION

Friday, Wed, May Jan.15 19 at 12:30PM

January May

15 19

Altavista, Bedford Co. VA

FEATURE

Wednesday Friday

Timber • Hunting Attention • Fishing Investors • Recreation

145 AcresWalmart with Creek 89Wooded Acres near TRF

AUCTIONS

Torrence, Read, & Forehand

Zoned for Business/Industrial

TRFAuctions.com 434-847-7741

101 Annjo Court, Forest, VA 24551 | VAAF501

SA ON ABL LD UTE January May

15 21

AUCTION

Friday, Friday,May Jan.15 21 at 12:30PM

Friday

Bedford Co. Amherst Co.

on market here is down to eight. And prices are creeping up. What used to be in the $200 thousands is now in the $300 thousands.” Holbrook reports, “It’s getting tougher for first-time homebuyers to break into the market here. There just aren’t that many properties on the low end of the price spectrum. The good news is that, historically, homes tend to hold their value here over time.” Another dynamic keeping inventory down and prices trending up is Madison County’s proximity to Washington. “We are in the perfect location for folks coming from Northern Virginia, whether they are retiring here or want a second home,” says REALTOR® Patti Dixon Lillard, with Montague, Miller & Co. – Madison. “It’s less than 80 miles to D.C. And to compound the problem, not many people are leaving unless they are aging out and want less maintenance.” Urban and suburban housing selections are mostly absent. Tustian says, “We are rural and are trying to keep it that way, so you won’t find suburban housing developments here. The county only allows owners to subdivide every 10 years.” With just 13,200+ residents, Madison’s population density is less than half of that of its neighboring counties. As a result, the bucolic open spaces and rolling pastures invite country living enthusiasts to call this home.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

History

Fields Timber • Mountains • Hunting••Streams Fishing • Recreation Trails • Views

145 Wooded Acres with Creek 173 Acres on the Buffalo River TRF

AUCTIONS

Torrence, Read, & Forehand

In 2 Tracts: 68 & 105 Acres

TRFAuctions.com 434-847-7741

101 Annjo Court, Forest, VA 24551 | VAAF501

Madison was carved out of Culpeper County in 1792 and named for a family that had extensive landholdings and business dealings in the area, and whose famous son later became the fourth President of the United States. It is home to American history. Aptly, the Journey Through Hallowed Ground Natural Heritage Area that runs from Monticello to Gettysburg includes Madison County. Civil War battles are commemorated at The James City Battlefield located south of the Culpeper County line along U.S. 29, while Jack’s Shop Battlefield lies along Route 231 at Rochelle.

Madison County’s other presidential connection is as the site of President Hoover’s summer retreat used throughout his presidency to escape the heat, humidity, and pressure of Washington. In August 1929, Hoover addressed the citizens of Madison County, thanking them for their hospitality, describing his retreat as “the excuse for return to the woods and streams with their retouch of the simpler life of the frontier from which every American springs.” Hoover’s speech is commemorated annually at Hoover Ridge Park. His Rapidan Camp eventually became part of Shenandoah National Park.

Today Madison County continues to protect and preserve what makes it different. Even the way residents experienced the pandemic may have been uniquely Madison. Holbrook says, “We became better neighbors because of COVID. Instead of retreating and isolating, we found a way to get to know each other, to help each other. That’s one more benefit of country living.” Fiona was lucky. Julie came for her husband’s job. Jennifer took over the family farm. Eric moved north from Florida for a farm, the climate and sense of community. Jacob came to Madison after military service to open his restaurant, Mad Local. All five have realized dreams for what their life in Madison County would become. Jennifer’s husband, Jacob Gilley, says, “I have been fortunate to travel many places in my life, but I still believe Madison County and Central Virginia are my favorites. Madison’s rolling hills, beautiful farmland, mountain views, strong community, and proximity to lots of historic and natural parks makes it attractive for me. “Madison has done a great job of strategically controlling growth, ensuring that all the reasons people love Madison persist.” It’s uniquely Madison County, just the way people like it. Carla Huckabee writes about high performing real estate.


11

3 DAYS SOLD IN ASKING E V O AB PRICE!

UNDER T C CONTRA

2122 AVINITY LOOP

3940 GILMERS MILL LANE

316 STARCREST ROAD

Beautifully upgraded home in desirable Avinity. Country living just 20 minutes from CharlottesWonderful home in the sought after Mill Creek Quality & upgrades exceed newer construction ville! The 11+ acres has it all. Enjoy the two South neighborhood. First floor living is showoptions. Your new home welcomes you into the acre stocked pond, walk through the woods, cased with the open concept connecting the foyerthen head down the hall to a large room & use the pasture for your horses, goats, other kitchen,dining area, and living room. Enjoy custom with brick focus wall & attached bath. livestock, or as a large fenced yard. Three stall cooking in your updated kitchen with huge isThis room is a perfect guest suite, rec room, or barn & run-in shed waiting for you. Walk into land. The large master suite has a walk-in closet home office. The garage hasplenty of space for the main floor of the house to find your beautiful and attached bath. The laundry caps off the a car & storage in front. The main level with an kitchen with tons of cabinets & counter space first floor. Head upstairs to find three additional open concept allows natural light & real hardto entertain. On that level, you’ll also find your bedrooms and full bath. Head downstairs to wood floors to flow throughout. Your kitchen is large master suite. Upstairs is a second bedthe finished, walkout basement which is a rare madefor a chef with gas range, upgraded cabroom, full bath, & loft looking down onto the livfind in the neighborhood. The large combinainets, granite countertops, & tile backsplash. ing room. Head to the downstairs to appreciate tion room has plenty of room to create several Pull up a stool to the big island. The living the flexibility of the house. Currently used as a living spaces like a home office, rec room, and room is large with gas fireplace. Don’tmiss separate two bedroom apartment with full kitcheven a guest suite with the full bath. The view the wine bar which is perfect for entertaining. en or you can use the terrace level as an adfrom the back deck is the wonderful fencedSunday 1-3 pm Step outside to your private back patio. Plenty ditional family room, bedroom, & office. There in lawn and a wooded common area to give of room to grill & enjoy the mountain1544 views. are tons ofCt options to enjoy the peace & quiet Loop more privacy than expected in a neighborhood. 2808 Magnolia Dr 2142 Avinity Sawgrass MLS# 616143 $415,000 $475,000 615586 $420,000 Peace & tranquility less than 15 minutes from Beautifully upgraded 4 BR townhouseMLS# w/mountain Complete 1st floor living,MLS# lg MBR 615511 & BA w/laundry.

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FINALIST

MAY 5 - 11, 2021 ISSUE 3018

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63 Soapstone Ln

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CRAMER PHOTO

FIT TO EAT


MAY 5 - 11, 2021 ISSUE 3018

12

HOME SALES Live STATS It Up ENDING THE WEEK OF MAY 2, 2021

THERE WERE 152 SALES IN THE 11 COUNTY AND CITY AREAS n 52 were in Albemarle with an average price of $452,666 n 18 were in Charlottesville with an average price of $467,603 n 13 were in Fluvanna with an average price of $308,692 n 6 were in Greene with an average price of $300,417 n 15 were in Louisa with an average price of $338,853 n 3 were in Madison with an average price of $299,833 n 10 were in Nelson with an average price of $428,050 n 24 were in Orange with an average price of $319,337 n 7 were in Staunton with an average price of $221,900 n 4 were in Waynesboro with an average price of $184,225

HOMES SOLD

THE 4425 ALSTON STREET CROZET

114 ROYS PLACE CHARLOTTESVILLE

132 GLEN CIRCLE TROY

Staff:

EDITORIAL COORDINATOR

Celeste Smucker • editor@caarrew.com

MARKETING SERVICES Beth Wood beth@caarrew.com • 434.817.9330

451 BENT CREEK LANE BUMPASS

1151 RIDGEVIEW ROAD REVA

15454 MONTEBELLO ROAD 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


13 MAY 5 - 11, 2021 ISSUE 3018

There’s a reason homeownership is the foundation of the American Dream.

Every market’s different, call a REALTOR® today.

HouseLogic.com/buyandsell ©2010 National Association of REALTORS® .

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

While lately the economy has presented some challenges, it has also helped us focus on what matters most: the value of owning a home. It’s reminded us that home is where we make memories, build our future and feel comfortable and secure. When you’re ready, a REALTOR®, a member of the National Association of REALTORS®, can help you find the home that’s right for you. REALTORS® are prepared— to answer your questions, show you options and guide you home.


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Madison County

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Madison County

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