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Reach Your Customers in the Next Issue—Call 540.812.2282
We’re Your Neighbors! Culpeper Office
332 James Madison Highway Culpeper, VA 22701 800.825.6825 l 540.825.3300 www.montaguemiller.com
$279,900
CU10375154
l One level Home with Mt. Views from back of home l Open floor plan, eat-in kitchen, Large LR w/woodstove
www.facebook.com/mmandcoculpeper
$199,999
CU10307596
l Townhouse w/ open floor plan, 1896 sq. ft. l Family room, fully finished Bsmt, Private yard
Duckett-Corbin Team * 540.219.1358 Boo Ingram
* 540.718.3364
NEW PRICE! FV10354500 $289,900
$419,900
CU10348377
l Motivated Seller! Spacious 4BR,2.5 BA l Home built in the 1800’s, Lots of History l 4BR’s, 4BA’s, Pond, Spring house, Approx. 40x80 Barn l Brick Front Colonial, Open floor plan
Donna Deal
* 540.718.7191 Duckett-Corbin Team * 540.219.1358
$314,900
CU10375251
l Rambler on over 3 Acres, 3BR, 2 BA l Huge FR w/Pellet stove, DR w/pergo flooring
Mindy Pennell
$349,900 l l
Culpeper Times • November 8-14, 2018
Real Estate
CU10287642
Move-in ready! 5BR, 3BA, 3 Ac. Eat-in 2itchen w/DR, Full finished lower level
Number of homes sold fell in most of Fredericksburg’s real estate market in September Home sales declined in most of the Fredericksburg real estate market in September, according to Long & Foster Real Estate’s Market Minute report. Fredericksburg City experienced the largest drop in the number of homes sold last month, falling by 58 percent. While Caroline, Culpeper and Spotsylvania counties also saw double-digit decreases, home sales rose by 7 percent in Stafford County. Long & Foster Real Estate’s Market Minute report for the Fredericksburg region includes Fredericksburg City and Spotsylvania, Stafford, Culpeper and Caroline counties. Median sale prices rose in three parts of the region in September, including a 9 percent increase in Spotsylvania County, and an 8 percent increase in Culpeper County. Active inventory levels varied in the Fredericksburg region last month, with Culpeper County and Fredericksburg City experiencing increases of 7 percent and 1 percent, respectively. The Fredericksburg region saw homes sell at a steady pace in September, with days on market averages ranging from 28 days in Culpeper County to 67 days in Fredericksburg City. Lack of homes for sale has de-
pressed the number of properties sold month after month, and that was particularly pronounced in September, said Larry “Boomer” Foster, president of Long & Foster Real Estate. Going forward, prices will likely climb beyond the reach of more buyers as mortgage interest rates rise toward the 5 percent mark and wage growth fails to keep up with current cost trends. “We are getting to the point where we are going to have affordability challenges,” Foster said. “These trends are hyper-local, and buyers need to engage the services of a local Long & Foster agent to walk them through what’s happening in their own backyard.” The numbers tell a broad story of a market that has seen limited supply consumed by demand, and that is now eroding the number of units sold, Foster said. High demand and low supply could mean higher home prices, but in this case, consumers don’t have more money to spend, especially with rising interest rates. “Owning a home is still the best way to build wealth, but the longer people wait, the more it’s going to cost them,” Foster said. “If you are in the entry-level price point, or one level up, there isn’t much to buy.”
* 540.748.5796 Duckett-Corbin Team * 540.219.1358
®
NEW PRICE!
Desiree Amirgholi 703.303.2881
NEW PRICE!
CU10326577 $269,900 CU10367986 $339,900 l 3-Level Colonial, 4BR, 3.5 BA Semi-Attached Colonial-Highpoint Eat-in kitchen w/marble flooring, Full Bsmt l Open floor plan, Fully finished Bsmt Duckett-Corbin Team * 540.219.1358 Duckett-Corbin Team * 540.219.1358 l l
I don't wait for buyers, I go get them! www.StartCountryLiving.com
main office 703.665.3362
LAND, LAND, LAND! Rixeyville - Forested 4.9 Ac; create your views by taking down some trees! Call Boo Ingram * 540-718-3364 Orange Co - Perfect rolling land! Lot 1 is 5Ac, $65,000! Lot 2 is 4 Ac, $55,000! Call Martha Hust * 540-905-2725 Sperryville Pike - A Unique Town Investment Opportunity. In-town lot w/public water & sewer available.Cost to obtain taps. Property is zoned for a Duplex or Single Family Home. Call Duckett-Corbin Team * 540.219.1358
Cindy Thornhill Associate Broker CCIM, CGB, CMP
Each Office Inependenlly Owned and Operated
601 S. Main St. Culpeper, Virginia 22701 Cell: 540.229.6400 Office: 540.825.1613 Fax: 540.825.3890 Email: cindy.thornhill@c21nm.com www.cindythornhill.com