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Warren County Real Estate Market Report – September 2019

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We have been talking about the low interest rates lately. Looks like they continue to inspire a lot of buyer activity! In other news, be sure to watch to the end of the video to see highlight photos from the 2017 Zombie Walk. This year it will be held on October 19th, line up at Bing Crosby Stadium starting at 6pm.

Watch this video for a quick summary of Warren County real estate for September 2019. Charts demonstrate the changes in the market, so be sure to click play!

In general summary:

  1. New Listings are up 20.3%
  2. Closed sales are up 74%!!!
  3. Average Median Sold $245,000.
  4. Average Days on Market 66.

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: 2019 Market Stats by ShowingTime
MRIS: Statistics calculated October 2019

Jennifer Avery, Realtor
“Your Happy Home Expert”

BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
jenaveryrealtor@gmail.com | 540-683-0790
CRUM REALTY, INC | 318 S Loudoun St., Winchester, VA 22601 | 540-662-0400

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Real Estate

4 eco-friendly renovations that increase property values

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If you’re thinking about selling your house, you should know that buyers are often willing to pay more for green homes. Here are four eco-friendly renovations that also boost the value of your property.

1. Skylights
Skylights increase the amount of natural light in your home and may also help to warm it up, thereby reducing energy consumption during the day.

2. New windows and doors
Replacing old windows and doors can increase your home’s energy efficiency. Plus, Energy Star windows and doors are eligible for tax incentives in many places, meaning you get the increase in property value at a lower cost.

3. Rainwater collections systems
These systems are simple and inexpensive to install but can translate to considerable savings. A barrel is hooked up to the gutter downspout and collects rainwater, cutting down on water usage. Installing a gutter filter will simplify maintenance, which is sure to please potential buyers.

4. Smart thermostats
Smart home technology is increasingly popular and smart thermostats can make your house even more attractive to potential buyers thanks to the energy savings they enable.

Going green is a smart investment, whether you’re selling or just want to save money.

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Real Estate

Go ahead! Sell your home during the holidays

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Conventional wisdom tells us to list our homes for sale during the spring and that nobody is buying in the dead of winter — especially during the holidays.

But that’s flat-out incorrect. While it’s true that there are fewer sales overall, that doesn’t mean your house can’t or won’t sell quickly, and at a good price. In November 2018, according to the National Association of Realtors, existing home sales actually rose 1.9 percent to a seasonally adjusted rate of 5.32 million units.

That’s a lot of properties. In fact, there are a number of solid reasons to sell during the holidays:

* Less competition. With less inventory available, you have a better chance at holding your price. There was an average 4-month supply of inventory in November 2018 compared with a 4.4-month supply in June 2019.

* Buyers are more serious. People who are buying a home during the holiday season often need to move or are simply much more serious about their search (or they simply didn’t get involved in the holiday excitement).

* Closings can happen faster. A slower season can be to your advantage when it comes to paperwork. With fewer closings in the queue, yours can take place faster than it might in the hectic spring and summer seasons.

* Company bonuses and relocations. Again, a buyer with intent. Most corporate relocations happen in January and February. These folks are serious about moving and aren’t wasting a lot of time window-shopping.

* Houses look and smell great during the holidays. We tend to worry about making our properties sparkle for showings, but it’s just as important to show that this is a home. And what’s better than warm cookies or some well-placed decorations (don’t overdo it) to invite people in?

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Real Estate

Why you should sell in the fall

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If you’re entering the housing market in the fall, don’t worry about it being too late to make a sale. In fact, here are four reasons why listing in autumn might turn out to be a savvy selling strategy.

A different buyer pool
There are three types of buyers who tend to prefer less saturated markets: millennials, empty nesters and employers who need to relocate new hires. These buyers typically swoop in late to avoid high season real estate rates — you might even get a quick sale from employers needing to settle their hires fast.

Buyers are more serious
Spring buyers can afford to be picky because of the sheer number of houses for sale. It might be months before they decide to make an offer. But by the time September rolls around, you’re left with only serious buyers who know they don’t have much time before winter hits.

There’s less competition
Selling in the fall means competing in a much smaller market. Combined with the impending arrival of harsh weather and the holiday season, this is a strong bargaining chip that can help you close quickly.

It’s easier to make improvements
Selling in the fall means you can take advantage of the warm weather preceding the season to make improvements. When you’re ready to sell, your house will be too.

Though conventional wisdom recommends selling in the spring or summer, selling in the fall has a number of advantages and may prove to be the more lucrative time to list your home.

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Real Estate

Warren County Real Estate Market Report – October 2019

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Watch this video for a quick summary of Warren County real estate for October 2019. Charts demonstrate the changes in the market, so be sure to click play!

In general summary:

  1. New Listings were up 20.3% last month (Sept 2019). This month we are DOWN -14.8%.
  2. Closed sales are still up at 6.8% but nothing like the 74% increase last month.
  3. Average Median Sold $230,000.
  4. Average Days on Market 53.

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: 2019 Market Stats by ShowingTime
MRIS: Statistics calculated November 2019

Jennifer Avery, Realtor
“Your Happy Home Expert”

BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
jenaveryrealtor@gmail.com | 540-683-0790
CRUM REALTY, INC | 318 S Loudoun St., Winchester, VA 22601 | 540-662-0400

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Are sellers eavesdropping on homebuyers’ private conversations?

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In the hustle and bustle of today’s real estate market, sellers are often absent during showings, and buyers are increasingly talkative when visiting their homes. However, the growing popularity of affordable home security devices should give buyers pause. In fact, the availability of surveillance equipment such as Wi-Fi enabled cameras and microphones means their conversations may not remain private.

Unexpected surveillance
Most people don’t expect to be under surveillance when visiting a house, but if the house is equipped with a surveillance system, owners can obtain sensitive information. For instance, a buyer may let slip that they’re willing to pay a lot more than asking price for the house.

A complicated issue
In most places, there’s no legal requirement to disclose the presence of a surveillance system. Nevertheless, in some states making an audio recording requires the consent of at least one of the recorded parties. Making a video recording, however, would be entirely legal in most cases. The best thing for buyers to do is to act as if the owner is present during all home showings.

Most reported cases of sellers obtaining information they can leverage have been accidental. While realtors report their customers didn’t use this knowledge to their advantage, there’s no way to know for sure.

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A practical guide to downsizing

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Any move can be challenging, but downsizing in particular can be tricky. Here’s a guide to help you navigate the process.

1. Choosing a new home
The first thing to do when downsizing is to choose where you’ll live. This decision will help determine which belongings you should hold on to, and how many of them you can bring along.

Keep in mind that moving to a smaller house or a condo doesn’t come with the same limitations as moving in with family, an assisted living facility or retirement community. It’s therefore a good idea to weigh your options carefully.

When choosing your next residence, consider your current needs and how they might change as you age. Open and honest communication between you and family members is the key to ensuring that you get the support you need and that your new accommodations meet your requirements.

2. Planning for the move
Start planning your move well before you put your house up for sale or give notice at your rental. Write out a detailed plan and make a list of the tasks that need to be completed. Assign those tasks to everyone involved in the move. If you need to hire professionals to assist you, be sure to do so ahead of time. Being organized is the best way to ensure that your move goes smoothly.

3. Decluttering and sorting belongings
This step can be trying, both on a practical level and on an emotional one. However, the simplest way to approach it is to deal with one room at a time.

Separate your belongings into five categories: keep, give away, donate, sell and throw out. To assess where a particular item should go, here are some helpful questions to ask:

• How necessary is it?
• How often is it used?
• Will it fit in the new space?
• Does it have sentimental value?
• Does it have monetary value?
• Are there multiples?

Don’t worry if the sorting process needs to be repeated. Give yourself the time and space to go through items at a pace that’s comfortable to you.

Finally, if you feel overwhelmed or need more help, know that some companies specialize in helping seniors downsize.

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‘Tis the Season

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Front Royal
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Humidity: 89%
Pressure: 29.84"Hg
UV index: 0
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Upcoming Events

Nov
19
Tue
1:30 pm Botanical Drawing II: Drawing in... @ Art in the Valley
Botanical Drawing II: Drawing in... @ Art in the Valley
Nov 19 @ 1:30 pm – 4:00 pm
Botanical Drawing II: Drawing in Color @ Art in the Valley
Learn and practice the art of botanical drawing in colored pencil with local artist and instructor Elena Maza. This four week course will focus on continuing to build drawing skills as applied to botanicals: students[...]
4:30 pm Science Scouts and More @ Samuels Public Library
Science Scouts and More @ Samuels Public Library
Nov 19 @ 4:30 pm – 6:00 pm
Science Scouts and More @ Samuels Public Library
Tuesday, November 5: Kids will explore popular books and book series through science, games, food, and more! Based on the book Charlie and the Chocolate Factory, we will do some taffy pulling and have a[...]
Nov
20
Wed
10:15 am Toddler and Preschool Story Time @ Samuels Public Library
Toddler and Preschool Story Time @ Samuels Public Library
Nov 20 @ 10:15 am – 12:00 pm
Toddler and Preschool Story Time @ Samuels Public Library
10:15 Toddler story time | 11:00 Preschool story time Wednesday, November 6 and Thursday, November 7: It’s playtime! Come in for stories, songs, and a craft about our favorite toys, games, and imaginings! Siblings welcome.[...]
1:30 pm Botanicals in Watercolor I @ Art in the Valley
Botanicals in Watercolor I @ Art in the Valley
Nov 20 @ 1:30 pm – 4:00 pm
Botanicals in Watercolor I @ Art in the Valley
This four week course with instructor, Elena Maza, will deal with the basic three-primary color palette, different pigments and how they interact, how to mix all colors from three primary colors, how to apply washes,[...]
7:00 pm Drama Performance: “Loserville” @ Melton Memorial Gymnasium | R-MA
Drama Performance: “Loserville” @ Melton Memorial Gymnasium | R-MA
Nov 20 @ 7:00 pm – 9:00 pm
Drama Performance: "Loserville" @ Melton Memorial Gymnasium | R-MA
On Wednesday, November 20th, and Thursday, November 21st, Randolph-Macon Academy’s Performing Arts Department will present its 2019 fall production of Elliot Davis’ and James Bourne’s musical, Loserville. The musical, which will take place in Melton[...]
Nov
21
Thu
10:15 am Toddler and Preschool Story Time @ Samuels Public Library
Toddler and Preschool Story Time @ Samuels Public Library
Nov 21 @ 10:15 am – 12:00 pm
Toddler and Preschool Story Time @ Samuels Public Library
10:15 Toddler story time | 11:00 Preschool story time Wednesday, November 6 and Thursday, November 7: It’s playtime! Come in for stories, songs, and a craft about our favorite toys, games, and imaginings! Siblings welcome.[...]
7:00 pm Drama Performance: “Loserville” @ Melton Memorial Gymnasium | R-MA
Drama Performance: “Loserville” @ Melton Memorial Gymnasium | R-MA
Nov 21 @ 7:00 pm – 9:00 pm
Drama Performance: "Loserville" @ Melton Memorial Gymnasium | R-MA
On Wednesday, November 20th, and Thursday, November 21st, Randolph-Macon Academy’s Performing Arts Department will present its 2019 fall production of Elliot Davis’ and James Bourne’s musical, Loserville. The musical, which will take place in Melton[...]
Nov
22
Fri
9:00 am Veteran Services Visit @ Able Forces Professional Services
Veteran Services Visit @ Able Forces Professional Services
Nov 22 @ 9:00 am – 12:00 pm
Veteran Services Visit @ Able Forces Professional Services
Able Forces will once again be hosting a visit by Andre Miller, Resource Specialist, Virginia Veteran and Family Support, Department of Veteran Services, Commonwealth of Virginia this Friday 22 November from 9AM to Noon. As[...]
Nov
23
Sat
10:30 am Children’s Class: Drawing A Self... @ Art in the Valley
Children’s Class: Drawing A Self... @ Art in the Valley
Nov 23 @ 10:30 am – 12:30 pm
Children's Class: Drawing A Self Portrait @ Art in the Valley
In this class students will learn how to draw facial features and the proportions used for placement of features on a face.  They will complete a self portrait using graphite. Classes are designed for the[...]
2:30 pm The Princess & the “P___” @ Samuels Public Library
The Princess & the “P___” @ Samuels Public Library
Nov 23 @ 2:30 pm – 4:00 pm
The Princess & the “P___” @ Samuels Public Library
Lyla sees no purpose to princes. They’re ugly, stupid—and obnoxious! Why can’t Hagabah see that, and why must the master insist that she keep the prince around three more days? The world would be a[...]