Northern Neck Navigator
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Northern Neck Real Estate News
I didn’t send out a
newsletter in November and here I am almost 2 weeks late getting
this one out. Since I didn’t receive flowers or my family
condolences I’m assuming you realized I’ve been fishing.
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It is a beautiful day
today and I wish I were out on the bay again today but I need to
get some things done (newsletter, Christmas shopping, replenish
tackle, et cetera).
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Let me tell about the
fishing first (you realize I sell real estate when I’m not
fishing). It has been great this fall. Since Thanksgiving we
have been catching plenty of rockfish in the 35” – 40” range.
They probably average 20 – 25 lbs each. Last week we hit them a
class larger with them being between 30 – 35 lbs. Sometimes 3
rods would get hit at once. It was a mad house but fun.
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I apologize
about getting this out so late as many of the events for
this month have passed but it is still time to catch a
few.
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Real Estate has
not been fast and furious but it has been steady. They
are some decent deals out there now and I believe that
if the weather stays reasonably warm the market here in
the Northern Neck is really going to pick up after
Christmas.
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I say that not
only because of the prices but also because buyers
should be able to delay closing for 60 days from the
time they get the contract ratified. That puts closing
right about spring and the time all the restaurants open
and other activities begin.
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Here are a few
links that will give an idea of how the market has
preformed since 2005. All of these waterfront homes have
closed.
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This link,
Glebe Harbor, will show you all waterfront
properties in this community that have sold. Glebe
Harbor is a community where the upper end home will
generally be in the $500,000 range.
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This link,
$500,000-$700,000, is a very large file as it
contains ALL waterfront homes in this price range
that have closed. I feel this is the best way to
give you a true indication of the market. Please be
patient as it downloads and SAVE the file to your
documents so you can come back and review it without
waiting for the download again.
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Again this
link, $700,000-1M, is large so again patience and
for your convenience please SAVE.
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Although
this link, $1,000,000 plus, is not as large it still
requires patience. What is interesting about this
link is the number of homes that closed in what is
suppose to be such a horrible market. Remember they
aren’t making any more waterfront property.
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