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Culpeper Times • February 9-15, 2017

REAL ESTATE

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EXIT Cornerstone Realty Shows YOU The Way HOME!

To have your property featured on this page, call 540-812-2282.

Greater Piedmont Area Real Estate - December 2016 Market Trends Report The following analysis of the Greater Piedmont Virginia area housing market has been prepared for the Greater Piedmont Area Association of REALTORS® (GPAAR) based on analysis of MRIS multiple listing data; MarketStats by ShowingTime. Culpeper County Analysis by Housing Segment for December 2016 Detached Housing In Culpeper County, VA, the median sold price for Detached properties for December was $282,450, representing an increase of 7.4 percent compared to last month and an increase of 1.4 percent compared to December 2015. There was a 32.7 percent month over month decrease in new contract activity with 35 New Pendings. A 14.1 percent month over month decrease in All Pendings to 67. And a 6 percent decrease in supply to 233 active units. The average days on market for units sold in December was 88 days, 12 percent above the 5-year December average of 79 days. Attached/Townhouse Housing In Culpeper County, the median sold price for Attached/Townhouse properties for December was $204,900, representing an increase of 19.1 percent compared to last month and an increase of 28.1 percent from December 2015. There was no month over month change in new contract activity with 5 New Pendings. No month

Make the most of your space! We can get you in the next issue of the Culpeper Times! Call 812-2282 today!

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4 bd/3ba Stunning colonial. $344,900 Call John at 540-407-0967

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3bd/2ba/1 hlf ba Move-in Ready! $199,900 Call John at 540-407-0967

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4bd/3ba/1 hlf ba Custom built on 3 acres! l $375,000 l Call Ellen at 540-718-6608

over month change in All Pendings with 8. And a 44.4 percent increase in supply to 13 active units. The average days on market for units sold in December was 30 days, 43 percent below the 5-year December average of 53 days. Attached Housing Condo/Coop In Culpeper County, the median sold price for Condo & Coop properties for December was $0, representing no change compared to last month and no change from December 2015. There was no month over month change in new contract activity with 0 New Pendings; a 100 percent month over month decrease in All Pendings to 0; and no change in supply with 0 active units. The average days on market for units sold in December was 0 days, the same as the 5-year December average of 0 days. Coming Attractions At Tuesday’s Culpeper County Board of Supervisors meeting, the board unanimously approved revenue bond financing in the amount of $67M for Virginia Baptist Homes, dba Lifespire of Virginia and $17M for Culpeper Senior, LP. This is a three-story building to be located near the North Ridge Development on Ira Hoffman designed for senior living. The issuance of these tax exempt bonds was coordinated through the county’s economic development office but the county is not financially obligated.

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4bd/2ba Watch the wildlife from the sunroom! l $249,900 l Call Dana M at 540-538-4503

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3bd/2ba Picture perfect ranch! l $265,000 l Call Mike at 540-718-6609

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3bd/3ba Over ten acres! $275,000 Call Mike at 540-718-6609

5bd/2ba/1 hlf ba New paint and carpet! l $348,500. l Call Mike at 540-718-6609

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3bd/1ba Madison County getaway is yours! l $165,000 l Call Mike at 540-718-6609

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10 acres. Boston Area $89,000 Call Mike at 540-718-6609

38 acres Just 10 mins from Culpeper. l $265,000 l Call Mike at 540-718-6609

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Build-able Lot Reva $75,000 Call Mike at 540-718-6609

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30 acres White Shop Area $160,000 Call Mike at 540-718-6609

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NORMA GIBBS

Put years of experience to work for you! Founders Club Member 2010-2015 15169 Montanus Drive Culpeper, VA 22701 Office: 540-829-7900 Direct: 540-825-2424 Cell: 540-229-9026 njgreal@aol.com

Veteran Owned 609 S. Main St., Culpeper VA 22701 www.EXITCornerstone.com Serving the Entire Virginia Piedmont

(540) 825-9898

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Culpeper Times - Feb. 9th, 2017  

Culpeper Times - Feb. 9th, 2017