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Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area. Julie is an Associate Broker at Century 21 New Millennium, 5451 Old Alexandria Turnpike, Warrenton, VA 20187

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Piedmont Real Estate Blog

Christmas Company

Apr. 25, 2008
Categorized in: Amissville Columns

Tis the season for family and friends to come visiting! While there’s none of that to report at our house, there seems to be plenty of company coming elsewhere in the neighborhood!

 

Don and Valerie Jones of Amissville welcomed their daughter Camilla Anne Jones Corn and her husband, John Wing Corn from San Diego. Camilla and John are newlyweds and were back to celebrate an early Christmas on the 21st here in Amissville. They were joined by the Jones’ daughter, Courtney, who currently lives in Midland and her husband Patrick and their children. They all enjoyed a sumptuous buffet and 8 kinds of cookies baked by Valerie. Camilla and John then headed by car down to Murfreesboro, TN to celebrate Christmas again with more family there.

 

Roy & Myrtle Jenkins were glad to have their son Jeff, his wife, Pat and their two boys home for Christmas. Jeff and his family live in Ohio and make it back here for most major holidays. The Jenkins two other children, Bev and Terry, and their families live nearby and were also on hand to celebrate the holidays. Myrtle even baked her special chocolate cake for the occasion! Rumor has it she may be saving me a piece!

 

With Christmas already behind us, most of us are already thinking ahead to 2007 and what the next year will bring. I’d love to predict here that it will bring peace on earth, but I don’t see much evidence to support that. So, I thought I’d focus on what the New Year will bring closer to home. I’ve been asking people what changes 2007 will bring in their lives.

 

Mike Suess initially told me his life was “awfully good just the way it is.” But upon further reflection he decided 2007 will be the year that he’s able to get two cars in his garage. I’m guessing Mike’s not the only one with that on his agenda this year!

 

Hazel Zinn-Day was excited to tell me that 2007 will make her a great aunt twice! Hazel is the niece of Dorothy Hackley and the cousin of Brad Nicholas who runs Hackley’s store. It’s nice to see their family continue to grow. Maybe one of these babies will be the next generation of those keeping Hackley’s alive and thriving here in Amissville!

 

Kit Johnston from Madison went out of her way to tell me that 2007 will bring more time for her and her border collie at Mountain View Training Center in Amissville. She raved about the work that Averil and Ken Ring do there. I hope to feature more on this local business in a future column so stay tuned!

 

There were a few people who were happy to tell me about plans for 2007 anonymously! Here are some of their contributions:

 

“I’ll be joining the new Weight Watchers group in Rappahannock County.”

 

“Christmas in 2007 will definitely be less crazy at our house! Enough already!”

 

“I’m going to get more involved in my community.”

 

“My kids will do their homework immediately after school if I have to tie them to their chairs!”

 

As for us here, our 2007 will hopefully bring no snakebites, a great garden, more time for family and friends and a continuing column about Amissville! Happy New Year!

Existing Home Sales Numbers

Jan. 28, 2007
Categorized in: Local Market Conditions

The existing home sales numbers for December were released this past week and we now have a complete picture of the 2006 year. If you're a seller, it wasn't pretty. But then I'm probably not telling you anything you don't already know! 

2006 saw the steepest drop in the number of homes sold in 17 years! That's a pretty tough market. If you sold your home in 2006, congratulations! If you bought a home in 2006, congratulations! If you tried and failed to sell a home in 2006, if it's any comfort, you're not alone!

In spite of those abysmal sales numbers, the price of homes, nationally actually rose by about 1.1 percent. I'm sure you're wondering about those numbers and I'll admit there seems to be a mismatch! Here's some of what I think is going on.

First of all, the calculate what's happened in pricing using the prices on homes that actually sold. In a down market what sells is typically the homes in pristine condition. And, they typically hold their prices better than the rest of the homes on the market. In addition, remember that all those people whose homes are on the market and who've lowered the price $50K and still haven't seen a buyer, are not even showing up here. I believe the 2007 numbers will actually show a further price decline, but that most people in our market won't feel it as much because it will just be a documentation of what's already happened. If you're a seller and you lowered the price of your home substantially, you've already mentally and emotionally taken that hit, even if it doesn't show up in the statistics yet.

As always, all real estate is local. That 1.1 percent is a national average. If you look at the numbers here locally they definitely tell a more dramatic story. We flew higher than most at the peak of the market and we're suffering more than some now. The greater northern VA area shows sales prices for 2006 down a little over 4%. As you get further away from the beltway that decline is steeper.

The National Association of REALTORS, along with several large builders says they've seen the bottom of this market. That may be true, but I don't think we'll know for certain until about May. I'll be watching to see how many homes come on the market and how many buyers show up to buy them.

Whatever 2007 brings it will still likely be a somewhat challenging one for sellers. And we may be nearing the end of the best negotiating opportunity buyers in our area have seen in many years!

As the data begins to appear, you'll see it here!  So stay tuned. RSS feeds are now enabled so you can make sure you don't miss anything!

If you'd like to read the MSNBC story on the December numbers, here's the link:

http://www.msnbc.msn.com/id/16806979/from/ET/