Some of our regular visitors may have seen that the Word Press software got hacked, and we are in the process of restoring and rebuilding.  The site is pretty much functional as it was before.  I still have some glitches to workout, but the primary features of our site are back up and running.  Thank you for your patience.

The look of the site will probably change in the next couple of weeks, but now we are more worried about getting the tools all working again.

Fredericksburg City:

• 149 days on market – this is 85 days more than in July 2009
• Sellers received, on average, 93.48% of their list price when the home sold
• There is 12.08 months of inventory on the market
• 13 homes sold in July 2010 – this is 10 less than in July 2009
• The most popular price range was $250,000-$299,999.   
• The median sold price was $283,250, compared to $218,000 in July 2009
• Financing Terms:  Conventional – 7, FHA – 2, VA – 1, Cash – 3

Orange County

• 166 days on market – this is 11 days more than in July 2009
• Sellers received, on average, 85.94% of their list price when the home sold
• There is 14.81 months of inventory on the market
• 26 homes sold in July 2010 – this is 10 less than July 2009
• The most popular price ranges were $200,000-$249,999.
• The median sold price was $161,500, compared to $209,000 in July 2009 
• Financing Terms:  Conventional – 5, FHA – 10, VA – 4, Other – 2, Cash – 7

Spotsylvania County

• 68 days on market – this is 31 less than July 2009
• Sellers received, on average, 93.26% of their list price when the home sold
• There is 7.88 months inventory on the market
• 125 homes sold in July 2010 – this is 37 less than in July 2009 
• The most popular price range was $200,000-$249,999
• The median sold price was $203,850, compared to $218,450 in July 2009 
• Financing Terms:  Conventional – 37, FHA – 40, VA – 33, Cash – 12, Other – 3

Stafford County

• 62 days on market – this is 12 less than July 2009
• Sellers received, on average, 94.43% of their list price when the home sold
• There is 5.77 months inventory on the market
• 154 homes sold in July 2010 - this is 2 less than in July 2009 
• The most popular price range was $300,000-$399,999
• The median sold price was $242,500, compared to $238,250 in July 2009 
• Financing Terms:  Conventional – 28, FHA – 42, VA – 59, Cash – 17, Assumption – 1, Other – 6, Seller Financing – 1

Prince William County

• 39 days on market – this is 22 less than July 2009 
• Sellers received, on average, 96.92% of their list price when the home sold
• There is 4.97 months inventory on the market
• 593 homes sold in July 2010 - this is 194 less than in July 2009
• The most popular price range was $200,000-$249,999
• The median sold price was $240,000, compared to $200,000 in July 2009
• Financing Terms:  Conventional – 144, FHA – 234, VA – 95, Assumption – 12, Cash – 99, Other – 9

Caroline County

• 80 days on market – this is 53 less than July 2009 
• Sellers received, on average, 91.90% of their list price when the home sold
• There is 11.43 months inventory on the market
• 30 homes sold in July 2010 - this is 15 less than in July 2009
• The most popular price range was $100,000-$119,999
• The median sold price was $127,950, compared to $134,000 in July 2009
• Financing Terms:  Conventional – 10, FHA – 8, VA – 2, Cash – 9, Other – 1

All data provided by MRIS.

Let’s see who’s available for adoption at the Fredericksburg SPCA! 

Meet Ollie!

Ollie is an all white, domestic short-hair, 3 year old male.  He has sparkling blue eyes that will melt your heart.  He prefers to be an only cat, but is good with adults and children.  He loves to be petted and cuddled.  He also enjoys window watching.  Ollie is up-to-date on his shots and is neutered.  if you have the room in your heart and home for Ollie, please contact the Fredericksburg SPCA today to make an appointment to meet him.  You won’t be disappointed!

 

 

Meet Buckets!

This little guy is a bundle of joy!  Bucket’s is a 2.5 month old labrador retriever mix.  He is good with adults and children.  He is a puppy with loads of energy, so be ready to play and and give him lots of attention.  obedience training is highly recommended for Buckets.  He is up-to-date on his shots and neutered.  If you need a little ray of sunshine in your life, contact the Fredericksburg SPCA today to set up a time to meet Buckets.  He’s ready to be a part of your family!

There are currently 84 cats and 27dogs up for adoption at the Fredericksburg SPCA.  If you want to help, but just can’t commit to adoption, the SPCA is always looking for donations and volunteers. 

The Fredericksburg SPCA is located at 10819 Courthouse Road Fredericksburg, VA 22407.  They can be contacted at (540) 898-1500. 

It’s here again.  It’s Virginia’s tax free holiday for school supplies and clothing.  The holiday runs from Friday, August 6 – Sunday, August 8, 2010.  Each eligible school item must be priced at $20 or less and each clothing and footwear item must be priced at $100 or less. 

Eligible School Supplies:                             

Binder pockets

Binders

Blackboard Chalk

Book bags

Calculators

Cellophane tape

Clay and glazes

Compasses

Composition books

Crayons

Dictionaries and thesauruses

Dividers

Erasers (including dry erase marker erasers and dry erase marker cleaning solutions)

Folders; expandable, pocket, plastic, and manila

Glue, paste, and paste sticks

Highlighters

Index cards

Index card boxes

Legal pads

Lunch boxes

Markers (including dry erase markers and dry erase marker kits)

Musical instruments, musical instrument accessories, and replacement items for musical instruments

Notebooks

Paintbrushes for artwork

Paints (acrylic, tempera, and oil)

Paper; loose leaf ruled notebook paper, copy paper, graph paper, tracing paper, manila paper, colored paper, poster board and construction paper

Pencil boxes and other school supply boxes

Pencil sharpeners

Pencils

Pens

Protractors

Reference books

Reference maps and globes

Rulers

Scissors

Sheet music

Sketch and drawing pads

Textbooks

Watercolors

Workbooks; and

Writing Tablets

This is an all inclusive list.  Computers are not eligible, however, some retailers may choose to pay the taxes for consumers who purchase this type of item. 

Eligible Clothing Items:

Aprons, household and shop

Athletic supporters

Baby bibs and clothes

Baby receiving blankets

Bandanas

Bathing suits, swim trunks, cover-ups and bathing caps

Beach capes and coats

Belts and suspenders

Bibs

Boots

Choir and altar clothing

Clerical vestments

Coats, jackets, and windbreakers

Corsets and corset laces

Costumes (sold not rented)

Coveralls

Diapers, children and adult, including disposable diapers

Dresses

Ear muffs

Footlets

Formal wear for men and women (sold, not rented)

Fur coats and stoles, shawls and wraps

Garters and garter belts

Girdles

Gloves and mittens for general use

Golf clothing, caps, dresses, shirts, skirts, pants

Gym suits and uniforms

Hats and caps

Hosiery

Insoles, inserts for shoes

Jeans

Jerseys (both athletic and non-athletic)

Lab coats

Legwarmers

Leotards and tights

Lingerie

Neckwear, including bow ties, neckties, and scarves

Nightgowns

Overshoes and rubber shoes

Pajamas

Pantyhose

Raincoats, rain hats, and ponchos

Robes

Rubber pants

Rubber thong/flip-flops

Sandals

Scarves

Shirts and blouses

Shoes and shoe laces

Shorts

Skirts

Slacks

Slippers

Slips

Sneakers

Socks and stockings, including athletic socks

Steel toed shoes

Suits

Suspenders

Underwear

Uniforms, athletic and non-athletic

Vests

Wedding apparel, including veils (sold not rented)

This list is not all inclusive. 

If you would like more information on the 2010 Virginia Tax Free Holiday for school supplies and clothing, please click here.

The 272nd Fredericksburg Agricultural Fair is in full swing!  This is the oldest fair in Virginia and quite possibly the oldest fair in the united states.  Originally the fair was held twice a year.  Cattle, everyday necessities, goods, and other merchandise was sold.  Horses racing, hot air balloon rides, and circuses have also been a part of the fair’s history.  Today the Fredericksburg Agricultural Fair focuses on livestock competitions and sales, music acts, the Miss Fredericksburg Pageant, food, and carnival rides.  This year the Board of Directors have brought back a clown circus, petting zoo, and animal races – this time it is pigs and other small animals; as well as a Demolition Derby, motor sports, Barbarian Fight Club, beer concessions, and smoked turkey legs. 

The Fair’s Hours of Operation are:

Monday – Thursday        5pm-10pm

Friday -                                3pm-10pm

Saturday -                           10am-10pm

Sunday -                               12pm-10pm

Gates close at 10pm, but rides continue to operate until 11pm.

Cost of Admission:  Adults: $7    Seniors:  $5    Children Under 3:  FREE 

Tuesday Admission:  Adults and Seniors:  $2   Children Under 3:  FREE

Here are some highlights for this week’s events:

Monday, August 3

5:00 PM                 Fast Action Motorsports

5:00 PM                 NOJOE’s Clown Circus

5:00 PM                 Carolina Camel Ride, Pony Rides and Petting Zoo

7:00 PM                 R & R Productions Demolition Derby (Motorsports Park)

8:00 PM                 Teen Miss Fredericksburg Fair Pageant Ages 13-16  (Fairway Stage)

Tuesday, August 3 – $2.00 Day!

5:00 PM                 Fast Action Motorsports

5:00 PM                 NOJOE’s Clown Circus

5:00 PM                 Carolina Camel Ride, Pony Rides and Petting Zoo

7:00 PM                 Will Gravatt (Country/Western) (Fairway Stage)

Wednesday, August 4

5:00 PM                 Flower Show

5:00 PM                 Hot Dog/Pig Racing

5:00 PM                 Fast Action Motorsports

5:00 PM                 Kamp Kreatures Puppet Stage Show

5:00 PM                 Carolina Camel Ride, Pony Rides and Petting Zoo

7:00 PM                 Colgate Country Showdown with Brian Strobel  (Fairway Stage)

7:00 PM                 R & R Productions Powder Puff Demolition Derby  (Motorsports Park)

Thursday, August 5

5:00 PM                 Hot Dog/Pig Racing

5:00 PM                 Fast Action Motorsports

5:00 PM                 Kamp Kreatures Puppet Stage Show

5:00 PM                 Carolina Camel Ride, Pony Rides and Petting Zoo

7:00 PM                 Barbarian Fight Club  (Fairway Stage)

7:00 PM                 R & R Productions Demolition Derby (Motorsports Park)

Friday, August 6

3:00 PM                 GEICO NASCAR Appearance

3:00 PM                 Hot Dog/Pig Racing

3:00 PM                 Fast Action Motorsports

3:00 PM                 Kamp Kreatures Puppet Stage Show

3:00 PM                 Carolina Camel Ride, Pony Rides and Petting Zoo

4:00 PM                 Rides Opens

7:00 PM                 Tonny Petersen’s Hell Drivers (Motorsports Park)

7:00 PM                 Colgate Country Showdown with Brian Strobel & Glen Shelton  (Fairway Stage)

Saturday, August 7

10:00 PM               Livestock Judging – OPEN

10:00 AM               GEICO NASCAR Appearance

10:00 AM               Hot Dog/Pig Racing

10:00 AM               Fast Action Motorsports

10:00 AM               Kamp Kreatures Puppet Stage Show

10:00 AM               Carolina Camel Ride, Pony Rides and Petting Zoo

11:00 AM               Rides Opens

1:00 PM                Mud Bog (Motorsports Park)

7:00 PM                Steve Jarrell (60’s/ Beach Music) (Fairway Stage)

Sunday, August 8

12:00 PM               Carolina Camel Ride, Pony Rides and Petting Zoo

12:00 PM               GEICO NASCAR Appearance

1:00 PM                 Rides Opens

 2:00 PM                Gospel Music  (Keith L. Armstead) (Fairway Stage)

 

Over the next few weeks I will be discussing parts of the Regional Sales Contract that is the primary document used to create a binding contract for the sale and purchase of real estate in the Fredericksburg real estate market.  There are documents that can be used as a substitute to create a purchase contract, but this is the one that is most often used.  The specific document is Regional Sales Contract, document number and version is: NVAR-K1321-Rev 03/09.

My goal with this discussion will be to provide some insight and education regarding the nuances of the purchase contract and how it pertains to those looking to purchase a home for sale in the Fredericksburg real estate market.  In this discussion, I will attempt to highlight situations from both the buyer and the seller standpoint.  So, check back soon and read the discussion.  Feel free to submit questions and participate if you wish.

But, and this is very important…

Nothing I say or write on this blog, or in this discussion is intended to be construed as legal advice.  I am a Realtor, not an attorney, and as such can offer no legal advice.  For legal advice I recommend you consult a licensed real estate attorney.

This report encompasses the last seven days real estate sales in Fredericksburg City, and the counties of Spotsylvania, Stafford, King George and Caroline.  Caution, weekly data is for informational purposes only.  A larger snapshot is required to understand market trends.  Visit previous weekly transaction reports or email us for better trend data for a particular area.

Spotsylvania

Homes Sold:  17
Average Sales Price: $241,059
Average List Price: $252,618
Average Days on Market: 44

Stafford

Homes Sold:  27
Average Sales Price: $279,070
Average List Price: $290,467
Average Days on Market: 33

Fredericksburg City

Homes Sold:  0
Average Sales Price: $244,813 (number reflects last week’s data)
Average List Price: $252,200 (reflects last week’s data)
Average Days on Market: 77 (reflects last week’s data)

King George

Homes Sold:  5
Average Sales Price: $228,580
Average List Price: $238,360
Average Days on Market: 42

Caroline

Homes Sold:  2
Average Sales Price: $100,450
Average List Price: $102,200
Average Days on Market: 16

Statistics obtained from MRIS

We just got another short sale approved. This home needs a buyer now, because the original buyer decided not to buy. Again the short sale is approved, and there is no long wait, just a traditional 30-40 day period for closing. Here are some details:

$185,000 – Adorable colonial located near everything, shopping, schools, downtown, V…RE, etc. Cozy wood burning fireplace, sizeable rear deck, fenced backyard, separate dining room, sliding doors from the breakfast area to the deck, living room, den in the basement. Space left to add additional rooms in the basement. 4 bedrooms on the upper level. Solid home in a cozy community. See the link below for a full copy of the listing along with a photo, maps, etc. If you know of anyone who might be interested in this property, please pass this information along or have them call me at (540) 538-7222.

See the full property listing here

$129,900 – 5 Bedrooms, Custom Deck, Tons of Space

Cozy 3BR home in CULPEPER. Nearly 2400 finished square footage. Wood burning fireplace in family room, separate dining room, large rear deck, nice size backyard. 1/2 acre lot ….   SEE THE FULL LISTING WITH PHOTOS
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BANK OWNED, FORECLOSURES, SHORT SALES, & MOTIVATED SELLERS. BUYERS GET AMAZING DEALS. Don’t miss out on these great opportunities. FREE FORECLOSURE & SHORT SALE PROPERTIES LIST
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STOP YOUR FORECLOSURE!!. Answers to your questions about short sales, loan modifications, and more.  FREDERICKSBURG STOP FORECLOSURE INSTITUTE