Senior living can be a rewarding and fascinating time in the life of an older individual . We know because we have found the senior living experience very rewarding and engaging to say the least. Over the years we have helped a number of seniors relocate to senior living communities in the State of Maryland and beyond. We decided to share some interesting facts and resources from the July/August Senior Real Estate Specialist (SRES) newsletter that maybe helpful to you and inspire you to enjoy senior living. We hope you will enjoy the facts and articles included in this blog. EMPLOYMENT ASSISTANCE The Senior Community Service Employment Program helps 55+ low-income, unemployed individuals find part-time jobs with community service organizations. www.ncoa.org/economic-security/matureworkers/scsep/ SENIORS GIVING BACK ENCORE – The encore movement aims to solve social problems by harnessing the experience of people in midlife and beyond. … [Read more...]
Victoria Falls Market Watch – Single Family and Villa Home Sales as of May, 2016
Victoria Falls Resort Club Victoria 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 – 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 Market Watch – Condos
Victoria Falls Market Watch – Condo sales for 2015 have been extremely strong! Market values continue to increase with sales prices driven by lack of inventory, increased demand, previous sales, documented upgrades and square footage of each unit. There were thirteen condos that sold during 2015. The sold prices range from a low $212, 000 – to a high of $276,400. Average days on Market - 54.08 days! MRIS Residential Stats – Analysis report compares: 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. Condo Market update as of January 2016: Active – 13601 Belle Chasse Blvd. #214 – List Price: $249,900. This is a Fannie Mae HomePath property. Buyer pays all transfer taxes. Go to www. Homepath.com - www.fanniemae.com. Features include 2 bedrooms, 2 full baths, living room, dining area and one … [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...]
Homes Sell Faster When Marketed as ‘Coming Soon’ First”
"Homes Sell Faster When Marketed as 'Coming Soon' First" - Research indicates that properties marketed as "coming soon" before being listed on the MLS generally sell faster. Amanda McMillan of Chicago-based @properties says the strategy "creates excitement so that when we do list [on the MLS], we hit with a bigger bang. People are reaching out to us, trying to get in earlier." According to off MLS CEO Bob Safranski, 173 Chicago homes posted first on off MLS and then later on the local MLS spent 28 days on average as "active" in the local MLS before going under contract, compared to an average of 42 days for homes in the same ZIP codes that were not posted on off MLS first. He says the analysis offers "compelling ... evidence of the value of pre-MLS marketing on off MLS." However, agents in Chicago and other markets must obtain written permission from sellers to withhold listings from the local MLS for longer than a certain amount of time after a listing contract is … [Read more...]
Ask the Experts – Should we wait to buy a home?
Ask the Experts – Should we wait to buy a home? By all means - No, the time to buy a home is now! With below market interest rates and the below average market inventory today maybe the opportune time for buyers to make the move to a new home. The Federal Reserve has delayed increasing the interest rate for fear of disrupting the future growth of the economy. Mortgage lenders eager of offer a variety of mortgage loan programs to suit your family financial status. In this current market the greatest risk to potential home buyers is to wait to jump into the market to buy a home. Buyers should always be actively looking to buy a home at bargain or below market price. A mortgage lender will determine your buying power by retrieving your credit report, reviewing your credit score and debt ratios compared to gross income. Here are some facts to consider: Home prices in the DMV have risen 3 to 8%. Prices nationwide are projected to appreciate by more than 18 percent by … [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...]
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...]
