Northern Neck Real Estate

Come see what the Real Estate market is doing in one of Virginia's most beautiful regions.

Tuesday, April 04, 2006

Spring Market Update

This time last year there were a lot of buyers looking for waterfront land under $250K, and those lots were few and far between therefore, those sellers could get whatever they wanted for that land.
So far this year there seems to be alot of buyers looking to buy homes under $150K, so if you own a house that you think may fall in that $150K and under range and are considering selling in the near future now is a great time to test the waters. Everyone wants a house under $150K and there just arn't that many out there now.
Now on the other side of the coin, the purchasers who will come out ahead are those looking to buy homes in the $600K -$800K range. The market is absoultley crowded with houses in that range and if the sellers want to unload them they are having to sell at a reduced price.

So to recap. If you currently own a home that you think may bring $150K or less and want to sell now is the time to do it.
If you are looking at purchasing a home in the $600k-$800K range now is the time to come in and make an offer.

If you fall into either of these catagories you should talk to your Realtor A.S.A.P. If you don't currently work with an agent please feel free to give me a call and I will be glad to help out.
I can be contacted via my website or email or by phone at