Victoria Falls Market Watch/Active Condos summary report through October, 2016. The overall condo market continues to be extremely strong! With market values continuing to increase with sales prices driven by a strong demand and lack of inventory of available condos for sales.There are three different models offered in the community. The Windsor (largest model), Kingston (includes a den/study) and the Dartmouth model are available in the Victoria Falls Community. The total tax living area square footage and the added updates, e.g. hardwood floors, granite and stainless steel appliances differentiates the sales prices among the units. Victoria Falls Market Watch/Active Condo Market summary report as of October, 2016: Active – 13601 Belle Chasse Blvd. #414 – List Price: $315,000. This model features 2 bedrooms, 2 full baths, a gas fireplace, granite counters, hardwood floors and one car garage space. Approximate Tax Living Area: 1,875 sq. ft. Days on Market: … [Read more...]
Victoria Falls Market Watch/Active Single Family/Villa Style Homes
Victoria Falls Market Watch/Active Single Family/Villa style homes sales report summarizes the available properties for sale through October, 2016. The Victoria Falls housing market continues to be strong because of a low sustained inventory of available housing choices for seniors with the amenities for an Active Adult lifestyle.Victoria Falls Market Watch – Single Family-Villa Styled Homes summary of Active properties follows:Active Rental – 7301 Floating Leaf Ct. – List Price: $2,850 - Approximate tax living area: 2,060 sq. ft. This Thoreau (largest SFH) model features 4 bedrooms, 3 full baths, gas fireplace and attached 2 car garage. Days on market – 73. Active Rental - 13129 Summertree Way – List Price:$2,850 - Approximate tax living area: 3,454 sq. ft. This Drees End Unit villa features 4 bedrooms, 2 full baths, half bath, gas fireplace and 2 car garage. Days on market – 49. Active – 13123 Brooktree Ln. – List Price: $395,00 - Approximate … [Read more...]
Victoria Falls Market Watch/Single Family/Villa Styled Homes Sales Report
Victoria Falls Market Watch/Single Family/Villa styled homes sales report summarizes the sold properties for Single Family and Villa styled homes through October, 2016. There were eight sales of single family and villa styled homes during this period. Closing Cost assistance to the buyer of $11,397 was provided in only one of the sales. We were fortunate to close on the highest sales price of $502,500 for a single family home ( Thoreau model) on Near Thicket Way. Victoria Falls Market Watch/Single Family/Villa Styled Homes Sales report summary of sold properties follows:Sold - 7202 Paperbark Ter. – List Price: $369,900 - Close Price: $369,900 – Close Date: April 29, 2016 - Seller Subsidy: $ 0 - Tax living area: 1,958 sq. ft. Days on market – 2. Sold - 13502 Autumn End Ter. – List Price:$379,900 – Close Price: 379,900 Close Date: August 5, 2016 – Seller Subsidy: $11,397 - Tax living area: 2,022 sq. ft. Days on market – 27. Sold - 7311 … [Read more...]
Are you Ready to Make the Leap into Home Ownership?
Are you ready to make the leap into home ownership? Are you still living at home? Renting a home to own? While everyone moves at their own pace now is the time to take advantage of the historically low interest rates. In addition to, local and federal programs available to first time home owners. Here are some a few signs to observe to determine if it is time to own your own home. Let's take a look at some of the reasons you should consider to justify your home buying decision.Are You Sticking Around? If you plan on moving soon for a job transfer. Or, plan on moving in the future for other family reasons - it may be better to rent. However, if you are thinking about living in the same city, town or within the same county for years to come - it is time to put down roots! You will appreciate the stability that comes with home ownership. Home ownership can make you more prepared for a marriage and/or a family if that's the lifestyle you prefer. The stability of home … [Read more...]
Victoria Falls Market Watch – Single Family and Villa Home Sales as of May, 2016
Victoria Falls Resort ClubVictoria Falls Market Watch – Single Family and Villa Home sales as of May, 2016 provide a quick snapshot of the real estate market activity within the Victoria Falls Community from January, 2016 until today. A low inventory of available homes and increasing sales prices continue to define the residential real estate market across the country and in Victoria Falls.There were two Single Family Homes (SFH) closed during this period. One SFH settled at a low closed price of $455,000; another closed at a high of $475,000. In addition, one villa closed at $369,900. According to MRIS property data there was no seller’s subsidy to the buyer in any of the sales.Victoria Falls Market Watch – Single Family and Villa Home sales as of May, 2016 activity summary follows:Sold -7202 Paperbark Terrace - List Price: $369,900 - Closed Price - $369,900 - Closed Date: April 29, 2016. No seller’s subsidy to buyer. Days on Market – 2. Approximate tax living … [Read more...]
Victoria Falls Market Watch – Single Family And Villa Homes as of May, 2016
Victoria Falls Market Watch – Single Family and Villa Homes as of May, 2016 provide a quick snapshot of the real estate market activity within the Victoria Falls Community from January 2016 until today. A low inventory of available homes and increasing sales prices continue to define the residential real estate market across the country and in Victoria Falls. Currently, there is one Active Single Family home available for $524,900. One Craftsman style villa listed for $374,900. And, two Villas listed under the “Coming Soon” status in the MRIS database for $379,900 and $434,900 respectively.Victoria Falls Market Watch – Single Family and Villa Homes activity summary follows:Active -13609 Autumn End Terrace - List Price: $524,900 - Days on Market – 6. Approximate tax living area: 2,174 - $241.45 per square foot. This Thoreau model features four bedrooms, two full baths, and a half bath, fireplace and two car garage.Active -13103 Summertree Way - … [Read more...]
Victoria Falls Market Watch – Condo sales – 2016
Victoria Falls Market Watch – Condo sales - 2016 have been extremely strong! Market values continue to increase with sales prices driven by lack of inventory, increased buyer's demand, previous sales data, documented upgrades and square footage of each condo unit. MRIS Residential Stats – Analysis report compared: Condo prices when initially listed vs. Price at time of sale. The report totals indicate that the high list price was $279,900 and the sold Price was $276,400 which equates to 99.65 % of list price. Victoria Falls Market Watch – Condo sales - 2016 Contract Pending – 13601 Belle Chasse Blvd. #214 – List Price: $249,900. Close Date: 02/26/2016. This is a Fannie Mae HomePath property. This home features two bedrooms, two full baths, living room, dining room and one car garage space. Buyer pays all transfer taxes under the Homepath program. Go to www. Homepath.com - www.fanniemae.com for more information. Approximate Tax Living Area: 1,875 sq. ft. Days … [Read more...]
Victoria Falls Market Watch – 2016
Victoria Falls Market Watch - 2016 – Single Family/Villa Styled Homes (SFH) summarizes the SFH and Villa styled homes market activity for 2016. Market values continue to increase as sales prices are driven by lack of inventory, increase in demand among active senior buyers. And, local or relocating buyers who are looking to downsize to enjoy the amenities in an active adult community.The average days on the market during 2015 averaged around - 46.15 days. The most recent sale of a detached home on Doublerock Ct. went under contract within 31 days. Wow! Now, here is the latest market update regarding Single Family/Villa Styled Homes……New to the Market - Active - 7402 Forests Edge Ct. - List Price:$499,000. This Michael Harris Thoreau model (largest) is located on the first cu-de-sac in Victoria Falls. This home features four bedrooms, three full baths and a two car garage. Tax living area: 2,259 sq. ft. Days on the market: … [Read more...]
Victoria Falls Fourth Quarter Market Watch – Single Family/Villa Styled Homes
Victoria Falls Fourth Quarter Market Watch – Single Family/Villa Styled Homes (SFH) summarizes the SFH and Villa styled homes market activity within the VF Resort Community through the end of 2015. The average days on the market during the year was 46.15 days. This past summer market activity gained traction in the growing demand for SFH, villa styled homes and condos with an increase in sales prices during the year. There were thirteen closed properties in 2015. With a villa on Brooktree Ln. that sold for $260,000 and a SFH Thoreau model that closed at the highest sales price for the year at $490,000 in September.Now, to the latest data regarding Single Family/Villa Styled Homes……Active – 13706 Autumn End Ter. – List Price: $499,000. This Michael Harris (MH) Thoreau (largest) model features four bedrooms, three full baths and two car garage. . This home was one of the original model homes built back in 2005. Tax living area: 2,200 square feet. Days on market: … [Read more...]
Victoria Falls Third Quarter Market Watch – Sold Condos
Victoria Falls Third Quarter Market Watch – Sold Condos sales this summer have been extremely strong! The market continues to look lucrative when realistically pricing your condo based on documented upgrades and square footage. During the summer there were six condos that closed from a low sales price of $212,000 to a high of $276,400. Victoria Falls Third Quarter Market Watch - Sold Condos reveals that the list prices vary significantly among all model condos. We conclude that the square footage and high list prices are the result of upgrades, e.g., kitchen, baths, and hardwood floors, etc. Now, here’s the condo update you have been waiting for…. Sold – 13801 Belle Chasse Blvd. #411 – List Price: $217,000. Sold Price: $212,000. Closed: July 29,2015. Seller Subsidy: $-0-. Days on market: 52.Approximate tax living area: 1,673 square footage. Sold – 13801 Belle Chasse #312 – List Price: $229,900. Sold Price: $227,500. Closed: July 29, 2015. … [Read more...]
Victoria Falls Third Quarter Market Watch – Condos
Victoria Falls Third Quarter Market Watch – Condos Listings this summer continue to be extremely robust with a growing inventory! The market continues to look lucrative for sellers when realistically pricing their condo conservatively based on relevant upgrades and square footage. During the summer there were five condos that closed from a low sales price of $212,000 to a high of $276,400. We have noticed the list prices vary significantly among all model condos and buildings. We conclude that the high list prices are the result of demand and upgrades, e.g., kitchens with stainless steel appliances, cabinets, ceramic tile baths, and the addition of hardwood floors. Victoria Falls Third Quarter Market Watch - Condos is provided as a courtesy from your neighborhood Realtors here at VF, we routinely monitor the VF housing market to update potential sellers/neighbors, potential buyers, sellers and other interested parties apprised on the market activity within the VF … [Read more...]
Update – Victoria Falls Third Quarter Market Watch
Update - Victoria Falls Third Quarter Market Watch – Single Family/Villa Styled Homes (SFH) summer issue summarizes the SFH and Villa styled homes market activity within the VF Resort Community through the quarter. This summer have shown a growing demand for SFH, villa styled homes and condos with an increase in sales prices during this same period. There were five Active listings and now there are only two active listing. This shows the improving market for this type of homes in VF. We’ve noticed a steady increase in the SFH close prices since our last blog in July. The recent sale of 7401 Forests Edge Ct.a SFH took over the top spot for the highest sales price at $490,000.Now, to the latest data regarding Single Family/Villa Styled Homes…… New to Market - 13202 Rabbit Chase Rd. - List Price: $359,900. This villa townhouse features three bedrooms, three full baths and attached garage. Tax living area: 1,464. Days on market - 13. New to Market - 7211 … [Read more...]
Home Buyers Assistance – State of Maryland
Home Buyers Assistance - State of Maryland have a great program to help home buyers obtain home ownership. And now, first time home buyers can get a tax credit too!If you have not owned a home in the past three years in the State of Maryland, there is an EXCELLENT chance you will be eligible for assistance of $5,000 at a MINIMUM. And, even if you have owned a home in the past three years, there are targeted areas where you can buy again without the 3 year wait. For example, the entire City of Baltimore is classified as targeted so any buyer can get $5,000 in assistance as long as they don't own any other property when they go to settlement.The Maryland Mortgage Program offers $5,000 in assistance or potentially more depending on the buyer's employer for down payment or closing cost assistance. So, if a buyer is purchasing a $200,000 home and they need 3.5% of the purchase price ($7,000) as a downpayment, this program will give them $5,000. If they then receive a full seller … [Read more...]
Victoria Falls Quarterly Market Watch – SFH
Victoria Falls Quarterly Market Watch – SFH summarizes the market activity for Single Family Home within Victoria Falls through the second quarter. Overall, there have been little inventory in SFH market since it's inception in 2005-2006. The last sale of a SFH closed at the highest sales price thus far of $448,000. Now, to the latest market data regarding Single Family Homes……Active – 7416 Near Thicket Way, - Listed at $465,000. This SFH features four bedrooms, three full baths, gourmet kitchen and two car garage. Days on Market: 37 Active - 7401 Forest Edge Ct. – Listed at $510,000. This is a Thoreau model is the largest of the three Michael Harris Homes models available in the VF community. This SFH features four bedrooms, three full baths, two car garage with Florida/Sun Room that extend the living space to a covered patio and gazebo. Days on Market: 1 Sold – 7402 Heartleaf Circle – This Michael Harris SFH is a Hemingway model that originally listed for … [Read more...]
Victoria Falls Quarterly Market Watch – SFH
Victoria Falls Quarterly Market Watch – Single Family Homes (SFH) as of June, 2015 summarizes the SFH market activity within the VF Resort Community during the second quarter. Over the last year, we have not seen much of a turnover in the SFH inventory. The last sale of a SFH closed at the highest sales price of $448,000. Active – 7416 Near Thickett Way, - Listed at $465,000. This SFH features four bedrooms, three full baths, gourmet kitchen and two car garage. Day on Market: 25 Sold – 7402 Heartleaf Circle – This Michael Harris SFH is a Hemingway model that originally listed for $469,900. Features include four bedrooms, three full baths, attached two car garage and fireplace. Approximate tax living area: 1,896. Close Price: $448,000 with no seller’s contribution to the buyer. Days on market: 18 Michael Harris Homes built three model styles:The Thoreau – the largest of the three models with features: 9 foot ceilings, master bedroom … [Read more...]
Victoria Falls Quarterly Market Watch – Villa Townhouses
Victoria Falls Quarterly Market Watch – Villa Townhouses as of June 2015, summarizes the market activity for Villa Townhouse styles within the VF Community. The overall real estate market is strong and vibrant at Victoria Falls. Since our first quarter edition in January there were two villa townhouses that sold. You will notice the sales prices reflect the differences in the tax living area. Status Address List Price Close Price # of Bd/rms/baths Days on MarketActive 13123 Brooktree Ln. $405,000 Pending 4/2/1 68Active 7129 Piney Woods Pl. $424,900 Pending 3/2/1 12 Sold 13136 Brooktree Ln. $270,000 $260,000 3/3 150Sold 13117 Summertree Way $360,000 $355,000 3/3 0Sold 7123 Piney Woods Pl. $389,900 $369,000 3/2/1 22 Tell us if you like the table format better? Follow us on our blog at: … [Read more...]
Victoria Falls Quarterly Market Watch – Condos
Victoria Falls Quarterly Market Watch – Condos as of June 2015, provides an update on the Condo market activity in the Victoria Falls (VF) community. As residential Realtors at VF, we routinely monitor the VF market to apprise the VF residents/neighbors, potential buyers, sellers, lookers and other interested parties on the latest market information regarding the real estate market activity within the VF community. We were fortunate to work with a buyer and seller to close on a Windsor model in building 13801 on July 1, 2015. Although, the seller listed the condo for $269,900 the appraisal came in at the contract price of $259,000. The appraised value of future condos may have to be contested to receive a higher market value. Factors such as added improvements, taxable living area and upgrades will add into future market values…Now, to the condo update you have been waiting for…. Status Building- Unit # Model List Price Closed Price/Date Seller’s … [Read more...]
Victoria Falls Market Watch – Spring Edition 2014
Victoria Falls Market Watch - Spring Edition 2014 is an update on the housing market in this exclusive 55+ Retirement Community. We want to apprise VF residents, visitors, potential sellers and buyers, and other interested parties on the sales inventory of properties within the VF community. Over the last couple of weeks we have seen an increase in the number of villa style properties listed for sale.In the last six months, a total of six villa style homes sold in the range of $236,500 for a three bedroom Craftstar Villa Townhouse to $380,000 for a four bedroom Drees Villa style home. Currently, there are five Villa style Townhouses are for sale ranging from a two bedroom, two full bath, bank owned (Real Estate/Owned) townhouse priced at $239,900. And, four Townhouse/Villa style homes priced approximately from $349,900 for a three bedroom, three full bath Craftsman model to $389,900 for a three bedroom two full bath Villa style Townhouse Colonial.For more space - There are two … [Read more...]
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