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 – 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”
Inman News (11/03/15) ; Wiggin, Teke"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 offMLS CEO Bob Safranski, 173 Chicago homes posted first on offMLS 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 offMLS first. He says the analysis offers "compelling ... evidence of the value of pre-MLS marketing on offMLS." 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 … [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...]
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 Quarterly Condo Market Update
Victoria Falls Quarterly Condo Market Update as of May 2015, provides an update on the Condo market activity in the Victoria Falls (VF) community. As residential Realtors here at VF, we routinely monitor the VF market to apprise the VF residents/neighbors, potential buyers, sellers and other interested parties on the latest information regarding the market activity within the VF community. As you review the property information you will start to realize a correlation in the asking prices to the specific condo model, added improvements, tax living area, i.e., interior size of living space. There were three models available to homeowners when the condo buildings were constructed. The models are the Kingston, Dartmouth, and the Windsor model. Each model vary in the tax living area. We are overly excited to report that $259,900 was the highest price for a condo thus far in the community. With no seller’s subsidy to the buyer. This is great news for potential condo sellers who are … [Read more...]
Victoria Falls Market Watch – Villa Townhouses
Subject: Victoria Falls Market Watch - Villa Townhouses Victoria Falls Market Watch – Villa Townhouses as of November 6, 2014 provides an update on the real estate market activity in the Victoria Falls (VF) community since our last edition. We routinely monitor the VF market activity to apprise the VF residents/neighbors, potential buyers and other interested parties. The asking prices vary from villa to villa based on square footage and living arera, i.e. the tax living area - interior size of living space, number of bedrooms and baths,location and other added features that may or may not play a role in determining the final sales price.Contingent Contract - No KickOut - 7101 Piney Woods Pl. – Drees end unit villa townhouse listed for $415,000. Features include three bedrooms, two full baths and half bath. Approximate tax living area 3,304. Days on market – 20. Listing – 7218 Winterfield Ter. – Craftstar end unit villa townhouse currently listed at $347,500. Adjusted from the … [Read more...]
Victoria Falls Market Watch – Villa Townhouses
Victoria Falls Market Watch – Villa Townhouses as of October 1, 2014 show an increase in the market activity of villa townhouses within the VF Community. We periodically monitor VF market activity to be able to apprise and update our neighbors, potential buyers and other interested parties on the real estate market in the VF community. Although the asking prices vary from villa to villa the actual size, location and added features are a significant factor in determining the final asking price. New Listing – 7101 Piney Woods Pl. – End Unit Craftstar villa townhouse just listed for $415,000. Features include three bedrooms, two full baths and half bath. Approximate tax living area 3,304. Days on market – 3.New Listing – 7118 Piney Woods Pl. – Craftstar villa townhouse listed for $369,500. Features include four bedrooms, two full baths and half bath. Approximate tax living area - 3,005 sq. ft. Days on Market – 26. Contingent Contract/No Kick-Out – 7307 Birdcherry Lane … [Read more...]
Victoria Falls Market Watch – Villa Townhouses
Victoria Falls Market Watch – Villa Townhouses is provided as a guide to help distinguish between the various styles in the Victoria Falls community. VF includes Michael Harris single family homes, Drees and Craftstar villa style townhouses. New Listing – 7118 Piney Woods Place – Craftstar villa townhouse listed for $369,900. Features include four bedrooms and two full baths. Approximate tax living area - 3,005 sq. ft. Days on Market – 7. Active/Listed – 7307 Birdcherry Lane – Craftstar villa townhouse is listed for $349,900. Features include three bedrooms and three full baths. Approximate tax living area – 1,850 sq. ft. Days on market – 56. Under Contract -7224 Paperbark Terrace – REO Craftstar villa townhouse listed for $229,900. Pending closing on September 15, 2014. Features include two bedrooms and two full baths. Approximate tax living area – 1,472 sq. ft. This was an exceptional value based on original list price. Days on market – 100. Under Contract – 7311 … [Read more...]
Victoria Falls Market Watch – Villa Styled Townhouses
This Victoria Falls Market Watch - Villa Styled Townhouses reports one townhouse villa listed for sale at $359,900 and currently under contract pending closing. This villa style homes include three bedrooms and three full baths. Victoria Falls Market Watch reviews and tracks the VF community market data on a daily basis....It appears that the Crafts Star villas are selling for a lot less than the Drees styled villa homes. Most of the Drees town homes are closing at $375,000 to $380,000. Although , the majority of buyers are looking for the end unit Drees style homes. Some of these Drees homes include four bedrooms and spacious living space. VF Market Watch - Villa Styled townhouses indicate that the average sales prices for villa style homes range from a low of $349,900 to a high of $380,000. Unfortunately, there have not been any sales of the Drees end units homes thus far in the community.Victoria Falls Market Watch - Villa Styled Townhouses residents should anticipate an … [Read more...]
Victoria Falls Market Watch – Condos
Victoria Falls Market Watch - Condos shows that there are currently no active condos listed on the market for sale at this time. The most recent sale of a condo closed this summer at $235,000 on July 16th. This was the highest sales price for any condo style in the VF community thus far. This increase should be considered great news for those condo resident facing foreclosure, short sale or foreclosure or thinking about relocating to another region. We'll be watching the VF market to see if this trend in increased market values continues going forward.Victoria Falls Market Watch - Condos suggest to condo residents to anticipate continued increases in sales prices moving forward in 2014 – 2015. The Victoria Falls community is fortunate to have a daily stream of interested and motivated buyers searching the internet and Google searches, visiting, walking and looking to relocate into the VF community. Google search engines are giving Central Park at Victoria Falls high ranking at the … [Read more...]
Victoria Falls Market Watch – Single Family Homes
Victoria Falls Market Watch - single family homes provides a peak at the market activity within Central Park at Victoria Falls community. Several properties that were previously listed for sale during the summer have now closed. Coupled with an insufficient inventory of homes for sale and record low interest rates sellers are witnessing a sizzling sales market to say the least! The current supply of home listed have not kept pace with the increased number of home buyers flooding the market looking for homes to purchase.Victoria Falls Market Watch - single family homes focus on the sale of two single family homes this summer. The sale of a Michael Harris (MH) single family home (without a basement) listed and closed escrow at $399,900. This was a Hemingway Model that closed on June 30, 2014 without any sellers’ contributions to the buyer. The other pending sale of a MH single family home (without basement), which was a former model home was rescheduled for closing on the 31st. of … [Read more...]
Victoria Falls Market Watch – June 17, 2014
This edition of the Victoria Falls market watch shares the latest market data for the VF community. We share this market information with our neighbors, residents, potential buyers and others who are interested in the real estate market in the Victoria Falls community. Since our last edition on May 23rd - one single family home is now under contract with a kick-out clause. There are two villa styled homes currently under contract with no kick-out clause...This Victoria Falls market watch data is provided by our local Multiple Listing Service and include the following residential stats as of today, June 17, 2014. The analysis report shows that the average list price of single family and villa homes is $343,675. One single family property previously listed at $399,900 is now under contract with a kick-out clause. The actual closed price will not be available until after the closing date scheduled for June 30th. There are two villa style properties under contract with no kick-out … [Read more...]
Victoria Falls Condominiums
Victoria Falls Condominiums at Central Parke is situated in the heart of a 55+ Active Adult Resort style community located off of Contee Road in Laurel, MD. Victoria Falls Condominiums were built in 2005 -2006 and include two distinct models which are the Kingston and the Dartmouth model. Although the Kingston model offers a little more in square footage than the Dartmouth, both are very spacious two bedroom residences, over-sized eat-in kitchens, some with dens, two full baths, an open floor plan and high ceilings. In addition, both models have master suites with a jacuzzi tub, balcony overlooking the courtyard, elevators and membership to the private Resort Club.The Resort Club is open to all Victoria Falls Condominiums residents and include a full state of the art Fitness Center, Indoor and Outdoor pool, Billiard Room, Great Hall for parties, Card Room,Tennis and Basketball courts and a walking/biking trail around the entire parameter of the community. The Resort Club provide … [Read more...]
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