virginia real estate: Last Weeks Sales, Sort Of! - 04/20/09 03:12 AM
Last week week in Culpeper County it looks like we had 13 homes that closed. I will only report 3 of those at this time as I need to learn a little more about the other ten. Why you ask? They may have been part of a paper sale from one holding company to another. It looks as if the seller of the property sold all 10 of them on the same day through the same agency representing the buyer. Nothing wrong with that but for our purposes each week we would like numbers that impact the general market. Of the … (0 comments)

virginia real estate: Rolling A Seven! - 04/13/09 09:05 PM
The first full week of April in Culpeper County started with 7 homes closing. One of these homes was traditional home sales and the remaining 6 were foreclosure properties. Take a look at the 7 homes closed in Culpper County for the period of April 6 -April 12, 2009 according to the Metropolitan Regional Information Service, the local MLS. The average sold price of these homes was $222,486. Average time on market was 155 days. The average list to sold price was 98.28% which means these homes were priced right in line with what the market was willing to pay. This … (0 comments)

virginia real estate: Madison In Under The Wire! - 04/09/09 04:20 AM
Whoa, it was close! As the days of March ticked off it looked like we would not record any sales for the month in Madison County. I checked the local mls again today and the update was a relief for all home owners in the county. At the last minute a foreclosure made it through settlement on the 30th with a closing price of $140,600.  A traditional resale closed on the 31st with a sold price of $107,000. In Madison, clearing out the inventory is always a good thing for those with a home to sell now or in the near … (0 comments)

virginia real estate: Under 400! - 04/08/09 12:59 AM
When I was reviewing the number of active homes for sale in Culpeper County on Monday the 6th of April, I saw something I had not seen in quite sometime. The number of active listings had dipped below 400. There were 398 to be exact. Over the past few years we have ranged from the high 500's to mid to upper 700's in daily active listings. But as the market softened and the foreclosures rose that number begin to fall. For the past 6-8 months we have been in the 400-500 range of daily active listings.
What does dipping below 400 … (0 comments)

virginia real estate: The Lion Roared! - 04/06/09 03:30 AM

 March went out like a lion last week in Culpeper County with 9 homes closing. Four of these homes were traditional home sales, 4 were foreclosure properties, and one was a short sale. Take a look at the 9 homes closed in Culpper County for the period of March 30 -April 5, 2009 according to the Metropolitan Regional Information Service, the local MLS. The average sold price of these homes was $221,459. Average time on market was 224 days. An unofficial look at March unit sales indicates 56 homes sold for the month in Culpeper. Check back in a week … (0 comments)

virginia real estate: Just One Resale! - 03/30/09 01:18 AM
Just one home resale last week in Culpeper County. The other six homes sales were of the distressed variety with 3 foreclosures and 3 short sales. In all last week, 7 homes closed in Culpper County for the period of March 23 -29, 2009. This of course according to the Metropolitan Regional Information Service, the local MLS. The average list price of these homes was $186,184. The average close price was $180,710 or about 97% of list price. As you might guess these homes on average were priced to sell without a lot seller price concessions. Average time on market was … (0 comments)

virginia real estate: A Double Digit Sales Week! - 03/25/09 01:09 AM
Double digit homes sales last week with 10 homes closing in Culpper County the week of March 16 -22 , 2009. This of course according to the Metropolitan Regional Information Service, the local MLS. Seven of the 10 homes or 70%, were foreclosed properties which continue to drive both volume and price. The average close price on these 10 homes was $173,804. Average time on market was 138 days. As I keep saying week after week, if you are in a position to buy a home the time to act is now! With all the fantastic prices and the $8,000 first-time … (0 comments)

virginia real estate: Country Retreat or Primary Abode! - 03/21/09 06:25 AM
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virginia real estate: A Slow Patch! - 03/18/09 02:38 AM
Looks like we hit a slow patch last week with only 4 homes closed in Culpper County the week of March 9 -15 , 2009. This of course according to the Metropolitan Regional Information Service, the local MLS.
All 4 of the homes were foreclosed properties which continue to drive both volume and price. The average close price on these 4 homes was $188,225 or 93.1% of the average list price of $198,925. Average time on market was 164 days. As I keep saying week after week, if you are in a position to buy a home the time to act … (0 comments)

virginia real estate: The Sales Continue! - 03/09/09 09:12 AM
Another week in March and 9 homes closed in Culpper County the week of March 2 -8 , 2009. This of course according to the Metropolitan Regional Information Service, the local MLS.
Of the 9 homes that sold, 6 of them were foreclosed properties which continue to drive both volume and price. The average close price on these 8 homes was $204,267, with an average time on market of 136 days. The number of homes sold, the average sold price, and days on market is almost exactly like the week before. As I keep saying week after week, if you are … (0 comments)

virginia real estate: Back In Action - Last Weeks Home Sales - 03/01/09 11:00 PM
After a week of zero activity it was nice to see that 8 homes closed in Culpper County the week of February 23-March 1, 2009. This of course according to the Metropolitan Regional Information Service, the local MLS.
Of the 8 homes that sold, 5 of them were foreclosed properties which continue to drive both volume and price. The average close price on these 8 homes was $203,090, with an average time on market of 134 days. As I keep saying week after week if you are in a position to buy a home the time to act is now! With … (0 comments)

virginia real estate: THE BIG ZERO Last Week - 02/22/09 09:42 PM
THE BIG ZERO! As much activity as we have had here in Culpeper the period of February 16 - February 23, 2009 saw no homes close. I am sure the we will have a flurry of activity this last week of February which will keep lenders, settlement companies, and agents jumping.
So far for the month of February 16 homes have sold in Culpeper County. The average sold price is $203,677. With 115 properties in escrow we should see a number of those changing to sold soon.
On the active front the good news is that 168 homes in Culpeper County … (0 comments)

virginia real estate: If The GM Can't Why Should You! - 02/20/09 12:36 AM
I love baseball! Playing, watching, talking, you name it.  When free agency starts, trading deadlines near, the excitement builds. Who will go where, what will my team do? As a Reds fan I always wonder what the general manager is up to and what moves he will make. The one thing I know for sure is that he will do everything in his power to help the Reds get better! What would happen if the general manager of the Reds was also the general manager of the Cubs? How would he make sure that the Reds were getting the best deal … (0 comments)

virginia real estate: What Goes Up Must Come Down! - 02/19/09 02:13 AM
The old saying "What goes up must come down" is as true in real estate as it is in any thing else. The unfortunate thing is that in our society today either no one believes it or if they do, they feel it should not apply to them. Economic cycles are not based on our individual needs or desires. If you have paid any attention to history you have learned that government intervention only prolongs the correction to an economic condition that is on its way back down to normal or slow growth levels. Our government over time has convinced a … (0 comments)

virginia real estate: Trampled By Washington! - 02/18/09 12:49 AM
My local newspaper ran an article titled “Trampled by foreclosure” on Sunday, February 15, 2009.  It provided a synopsis of the plight of one unfortunate home owner and his family who lost 2 homes in the last 2-years through a series of events that we all hope never happens to us. In the article he states, “Half of it is my fault and half of it is because the government is a sellout.” “These banks, these companies, all these big shots, they don’t care about me or the working people. All they want is money, and they don’t care who they … (0 comments)

virginia real estate: I Can’t Wait For My $1.85 - 02/17/09 10:50 AM
The President today signed into law the $787 Billion Dollar Stimulus Plan that is designed to get or country turned around by putting 2.5 - 3.5 million people back to work and getting us all pumping money back into the economy.  WELL I CAN’T WAIT!
 
I’m sure that extra $1.85 per day in the pockets of each American will get them running out to buy a new house, car, or truck.  By the end of the year when that $1.85 turns into $1.14 per day will anyone really care while applying for their 3.5% - 4% government subsidized home loans? … (0 comments)

virginia real estate: What Sold? - 02/16/09 12:53 AM
Based on a number of requests I am changing things up this week. Our weekly update will now show you the number of homes that sold (completed settlement) in Culpeper County for the previous week. This way you can see the final price a home garnered along with any seller subsidy's that the buyer received.
For the period of February 9th - February 15th in Culpeper County two homes completed the sales cycle and closed. The average close price was $137,650 with a $4,750 seller subsidy. One home was a foreclosure and the other was a traditional sale. That brings the … (0 comments)

virginia real estate: Culpeper Contracts This Week - 02/08/09 11:31 PM
The more things change the more things stay the same! For the week of February 2 - February 8, 2009 11 homes in Culpeper were in some form of escrow according to the Metropolitan Regional Information System which provides MLS coverage for Culpeper, Virginia. Eight of the homes or 73% were in some form of short sales or foreclosure process. This means great opportunities for home buyers and potential challenges for sellers.
If you are looking to purchase a new home and would like to learn more about the Culpeper area market conditions give me a call at 540.672.8019. If selling … (0 comments)

virginia real estate: Under Contract, Lower Prices! - 02/04/09 04:38 AM
I just took a quick look at the homes in Culpeper County that went under contract for the week of January 26 - February 1, 2009 according to the Metropolitan Regional Information System. There was a large number, 22. More importantly though, was the average list price of $217,327 per home. Foreclosures and short sales are really knocking down seller asking prices.
As you look through the comments in the listings you see; "motivated seller", "huge price reduction", and "bring offers'. Agents and their clients are trying any phrase they can to at least get you to take a look at … (0 comments)

virginia real estate: Homes Under Contract Have One Thing in Common! - 01/19/09 05:08 AM
Well, it is a new year but things do not look like they are changing to much in Culpeper, Virginia real estate. Homes in escrow the week of January 12 - 18, 2009 are a reflection of the current market. Of the 18 homes listed, 10 are bank owned and 5 are in some form of short sale. Check them out here: Homes in escrow,
If selling your home is in the plans anytime soon, please be aware of the impact the continued sell-off of bank owned properties will have on your bottom line. If you would like more information please … (0 comments)

 

George Stockes

Realtor Culpeper Home Sales

Culpeper, VA

More about me…

Coldwell Banker ELITE

Address: Coldwell Banker ELITE, 4207-A Germanna Highway, Locust Grove, VA, 22508

Office: (540) 672-8019

Mobile: (540) 672-8019

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