So May was a pretty busy month! Homes are selling. Foreclosures are disappearing from the market (at least till the banks release the next set).
Out of 32 homes in Caroline County that went to closing in May, the least expensive home was 
25276 NEWTOWN RD, BOWLING GREEN, VA 22427 for a whopping $45,000!
It’s a 2 bedroom, 1 bath on about .75 of an acre. It was on the market for 194 days.
The most expensive home in Caroline County for May was 23266 JOHNSTOWN LN, RUTHER GLEN, 
VA 22546 for $249,900.
Did you see that? That means all the homes that sold in Caroline were under $250K!
This home in Belmont has 4 bedrooms, 2 full bath, 1 half bath, and has an unfinished basement. It was only on the market for 13 days.
In Spotsylvania County, there are more types of communities to choose from.
This 5 bedroom, 1 bathroom home sold for $55,000 last month. 7232 SMITH STATION RD, FREDERICKSBURG, VA 22407 is on an acre of land and hopefully made someone a very happy investor!
It was on the market for 178 days before becoming ratified.
On the other hand Fawn Lake homes are being scooped up just as quickly! I had clients who 
were looking in here and the homes were ratified before we had a chance to look at them! And this home at 10827 CHATHAM RIDGE WAY, SPOTSYLVANIA, VA 22553 sold for $859,000 in a community that has almost every amenity you can imagine. And the 6000+ square feet on over an acre of land made a great hit!
If you’re on the fence, waiting to see if the prices go even lower, all I can express is what I have seen. Inventory is moving. The best deals are going within days. They banks are going to start responding with higher prices at some point – unless there truly is another round of foreclosures getting ready to hit the market as some speculate.
There are a lot of factors making this a time good to buy. The market is local and prices are down; there are $8000 federal tax credits, 50 year terms etc… If you want more, just ask!
What will you say in five years? “I’m glad I waited.” Or “I wish I had bought back then.” Time will tell. Personally, I hope that whatever you do, you will make your house a home and enjoy the time spent within its walls.
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What a lovely home really impessive !