About Orange County, VA

Orange County Virginia Homes Sales Increase - Lower Priced Homes Increase Orange County VA Homes Sales

The latest sales statistics for MRIS* which is our Virginia MLS service we use has just been released today October 10, 2008. It has some very interesting trends. First, Orange County VA homes sales are up 42.86 % over same time period in September 2007 which had 21 home sales. September 2008 saw 30 Orange VA homes sold. The average price for a home sold in Orange has dropped from $306,020 last September to an average sold price of $228,327 this year. That is a drop in average sales price 25.39%. The final sales figure does not reflect that seller's contributions or concessions to make the deal work and that is lowering the sellers net. It is important to know in this market the sellers are netting less than reported by the statistics.

The list price sales price ratio of a Orange County VA home for sale is 89.50% the time needed to sell a home has increased from 145 days to 174 days almost an 42.86% increase in the time to sell a home. It is still definitely a buyers market! My interpretation is that a major increase in sales of units of homes in Orange VA that sold to sales of foreclosures, short sales, and motivated sellers. Homes that are realistically priced sell are selling.

*MRIS - Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format

Many of you know I have a couple of dogs and one is a Border Collie. I love dogs and I am amazed at how smart they are.

On Oct 4-5 at Montpelier (Orange County, Virginia) is the:

Fall Fiber Festival & Montpelier Sheep Dog Trials!

This event shows off weavers, spinners, artisans and crafters! There are several breeds of sheep and goats. But the fun to me is when the "border collies" show off their herding skills!

Come by for the fun, if you see me please stop by and say hello!

Montpelier is the home of James and Dolly Madison and is so large an estate; there is a race track in the front yard!!!

You can also take a tour of Montpelier with its fine elegant furnishings. There has been a major remodel of this fine Estate and I for one want to see it! The garden tour is a must see!

Open 10am-5pm on Saturday and 10am-4pm on Sunday

See http://www.fallfiberfestival.org/

While in the area, call me to see some of Virginia's fine properties. Here is a c1820 Farm just around the corner!

Buying Your First Home is a Very Exciting Time in Your Life, But There Are Just a Few Things For You Should Do Before You Start Looking:

• Check your credit rating. You will want to straighten out any errors before you start looking.
• Determine your comfortable monthly budget for your new home, including a savings plan for your down payment, monthly payment, utilities and all your other monthly expenses. Then look at your overall monthly obligations again. You want to be sure you will be comfortable with them.
• Find a loan program that meets your needs and get pre-qualified (it is best to get pre-approved).
• Choose a REALTOR® that you trust and feel comfortable working with. It is important to find a knowledeable agent who knows how to get the job done, get a good deal and is responsive to all your real estate wants and need plus provides you prompt service, personal quidance and professional competence from contract to settlement. It is best to have someone looking out for your interests.
• Determine what neighborhood, community and area that will best match you and your family needs.
• Identify the important features you need your home to have. Then prioritize what is important.
• Plan to live in your new home for at least a few years before you make another move.
• Never, Ever be house poor! The worst thing you could do is max out your monthly obligations or you may price yourself right out of your home.

So, When you are ready to find your next home contact me at 540-842-1061

Fredericksburg VA's Hometown Real Estate Agent ~ Helping Families Since 1984!

If I am not available when you call, I promise I will get back in touch with you within 30 - 45 minutes.

www.FredericksburgHomeSource.com

Eunice Waller

Prudential Simpson & Associates

Market Statistics for Locust Grove, VA 22508

August 01, 2008 to August 31, 2008

If you are considering selling or buying a home, as your #1 Real Estate agent I will be happy to explain how this affects you. In today's different market you deserve to have an experienced #1 realtor that's on your side every step of the way! Let's Talk!

www.FredericskburgHomeSource.com