Haymarket Homeowner May/June 2015

UPSCALE LIVING IN HAYMARKET & GAINESVILLE

Haymarket Homeowner HaymarketHomeowner.com

INSIDE THIS ISSUE

g Market Watch: A Shift in the Market as Supply Grows Neighborhood Market Watch: Lake Manassas Things to Do This Summer (without traveling too far) Community Spotlight: Beitzell Fence Tips & Advice: Five Easy Summer Projects That Add Appeal to Outdoor Space May 2015 Real Estate Summary Published by

BRYAN GARCIA

"Haymarket Real Estate Guy" Associate Broker

EXIT Heritage Realty Haymarket, VA www.EXITgarcia.com 703-517-2574

Real Estate & Community News from Bryan Garcia, "Haymarket Real Estate Guy" 703-517-2574

May | June 2015

The emerging sharing economy

T

here is an emerging trend of online businesses that are creating what is being defined as a sharing economy— or peer economy—in which a service is offered or owners rent out something they are not using, such as a car, house or bicycle using peer-to-peer portals.

Some of the pioneers of the share economy include RelayRides for car sharing, TaskRabbit for help with tasks like moving or shopping, Fon for WiFi sharing and DogVacay for pet sitting.

I recently tuned in to an interview with CEO and cofounder Brian Chesky of Airbnb, a growing peer-to-peer business that allows users to rent spaces from hosts all over the world. What started as an idea after popping up an air bed for guests coming to town, turned into an explosive new phenomenon for home and room sharing.

Airbnb differs from vacation rental websites like HomeAway in that owners (or hosts), can rent just a room, a floor or a whole house. Furthermore, the rental periods can be flexible, short term or long term. Hosts may be away or they may actually be living in the home. Airbnb has built a platform that promotes a trusted service as all hosts and guests must have Verified IDs. Payments are made supporting many currencies and are done securely through Airbnb. Trust and

FEATURED HOMES

COMMUNITY

reputation are built through reviews about the experiences of both the guests and the hosts.

Therefore, each develops a profile.

I didn’t know too much about Airbnb so I went online to check it out. As it turns out, there are a couple of hosts right in our area including one offering a bedroom suite in Lake Manassas.

It all sounded a little strange to me at first, but it got me thinking.

While Gainesville and Haymarket aren’t necessarily popular vacation destinations, there are many uses for room or house rentals. For a host, it can help supplement income, keep your home occupied while you are away or simply put extra space to good use.

I can also think of several reasons why people may want to temporarily rent a room or a house in our area. They may be relocating to the area and searching for homes, building a new home that isn’t ready yet or undergoing major renovations in their own home. Other reasons would be an overflow of guests from out of town, students on internships, travelers passing though, or folks visiting our many nearby attractions like wineries, golf tournaments, hunt country and Skyline Drive.

I don’t have any affiliation with Airbnb, nor do I endorse any of the homes that are listed, I just think it’s a neat idea and may prove to be helpful in certain circumstances.

TIPS & ADVICE

g

1

Home sales in the $400,000 to $499,000 price range in Gainesville increased by

+61%

January through May 2015 compared to the same period last year.

1

Market Watch Source: RBI Real Estate Business Intelligence

Mobile House Hunting Have you ever driven by a house that is for sale and wanted information about it INSTANTLY? Find out right away with your smart phone. Go to:

www.EXITGarcia.com 1. Select Property Search 2. Under Location enter the Town 3. Select Advanced Search Options and enter Street Number and Street Name.

MARKET WATCH

A shift in the market as supply grows

I

would like to talk about recent home sales in Gainesville and Haymarket, as well as the status of the market based on supply and demand. Home sales have increased this year so far in Gainesville, but are about the same in Haymarket.

However, the rise in home sales has been mostly in the range below $500,000.

The chart on the right shows Sold Homes by Price Range. You will see that in both Gainesville and Haymarket, the bulk of homes that have sold this year so far (January 1 to May 31) are in the $300,000 to $500,000 range.

In our area, two factors help contribute to this. One, first time buyers are out there buying starter homes. Two, owners of larger homes, like empty nesters, are starting to downsize. On the flip side, the owners who are selling starter homes are now able to move up. Still, the balance is in favor of the lower priced homes, which is normal in our economy.

New listings have also increased this year so far, up +17.5% in Gainesville and +29% in Haymarket. With these factors, the market for upscale and luxury homes has taken a turn towards a buyers market, at least in Haymarket.

And there it is ... all the information about that house including price and photos, if it is still on the market.

g Stay Connected LIKE Haymarket Real Estate Guy on Facebook to see hot new listings, real estate market trends, Haymarket area news and more!

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The graph above shows supply and demand for detached, single-family homes in Haymarket (red) and Gainesville (blue).

Based on the number of homes on the market, compared to the homes that have sold, this chart illustrates the MONTHS of SUPPLY, meaning if nothing else goes on the market, it will take this many months to deplete the current inventory.

To help you understand, 3 to 6 Months of Supply indicates a flat market. Below 3 months is considered a sellers market

SOLD HOMES BY PRICE RANGE Year to Date - January 1 through May 31 All Home Types (attached & detached)

GAINESVILLE All Sold Homes $300,000 - $399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1 Million +

HAYMARKET All Sold Homes $300,000 - $399,000 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1 Million +

2015 2014 256 189 77 52 82 51 28 21 16 16 1 3 3 1 2015 2014 170 174 41 34 40 31 31 35 26 25 4 4 1 1

and over 6 months is a buyers market.

The graph shows only detached homes (not townhouses) over the past 6 months.

Gainesville is just above 5 months, but on a steady climb. Haymarket reached over 7 months in April and hit 8.5 months in May. What does all this mean for the upscale home seller? It means that selling an upscale or luxury home can be challenging when there is a lot of competition, even in a healthy market.

I believe that a good Realtor must be honest and not only explain the reality of the market, but guide homeowners through what it will take to stand out against the competition if they are serious about selling. It usually means good preparation and competitive pricing.

The good news is that home prices are still maintaining or rising and the market overall is strong. ďżź

NEIGHBORHOOD MARKET WATCH

Bryan Garcia, EXIT Heritage Realty | 703-517-2574

How fast are homes selling in my neighborhood?

NEIGHBORHOOD SPOTLIGHT

Lake Manassas

Here are the real estate highlights in Lake Manassas for the year so far, January 1 through May 31, 2015 compared to the same period in 2014.

•

There were 5 Closed Sales so far this year compared to 11 in 2014.

•

Closed Sales during this period ranged from a low of $589,000 to a high of $1,225,000.

•

The Average Sold Price during this period was $745,760 (based on 5 sales) and in 2014 it was $721,327 (based on 11 sales).

•

As of June 16, 2015 there are 4 homes Under Contract.

•

The average Days on the Market (DOM) during this period was 96 days compared to 36 days in 2014.

Are you interested in what's happening with real estate and home sales in your specific neighborhood? Get a free, current MARKET SNAPSHOT emailed to you as often as you like you with full details about

all the homes for sale or recently sold, the prices they sold for and how long they were on the market. Email your request to: BryanGarcia@exitheritage.com or visit the website to sign up.

www.NOVAHouseValue.net Homes that have just come on the market

Sold Price vs.

Listing Price

Email alerts for price changes Homes that have just sold

FEATURED PROPERTIES

The current real estate market in Lake Manassas is similar of the status of other area luxury home communities. Sales of upscale and luxury homes are maintaining price but taking longer to sell.

Scan this QR Code to see ALL the homes for sale TODAY in Lake Manassas.

2803 Lookout Road Haymarket, VA

7681 Royal Sydney Drive Gainesville, VA

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Custom-built, cedar home on Bull Run Stunning Colonial in Virginia Oaks Mountain with spectacular views * with custom decorating throughout * 3 finished levels * 2 story family room Gourmet kitchen with cherry cabinets with wood-burning, stone fireplace * and granite counters * Huge master suite Kitchen with granite counters and lots of with sitting room * Spacious rooms * storage * Formal dining and living room * Custom landscaping on beautiful lot Huge master suite with sitting room. in golf course community.

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$574,999

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To view either of these lovely properties, contact Bryan Garcia at 703-517-2574.

COMMUNITY

SUMMER'S HERE

and the time is right for dancing in the streets ... at least if you're attending the Friday Night Family Concert Series in Haymarket.

We live in a beautiful region of the country with lots to do—from events held right in town to overnight trips by car to popular vacation destinations. Here are some ideas for things to do this summer without having to travel too far.

Haymarket Town Events

If you’ve lived in the Haymarket area for a while, you’re familiar with the many spirited town events like Haymarket Day and OctoberFest. These festivities continue through the summer and this year they feature a Family Movie Night held on the third Saturday of each month, a Family Concert Series held weekly on Friday nights starting June 26th and the Stars and Stripes Music Festival scheduled for Saturday, July 25th. Events are mostly free and include children’s activities, food vendors, a beer garden and more. The events are sponsored by either the Town of Haymarket or CrazyHappy Events. For a full schedule and more information visit HaymarketHomeowner.com and search the site for Events.

HaymarketHomeowner.com

Sign up for Golf Lessons

Things To Do This

SUMMER (without traveling too far)

Salamander Resort & Spa

Treat yourself to an overnight, or even just a day, at the beautiful Salamander Resort and Spa in Middleburg, VA. Indulge in a spa session with a mid-week discount for area residents. Salamander Resort and Spa invites locals (with Prince William County verification) to experience a unique health and wellness journey tailored to your specific needs in the award-winning Salamander Spa. Visit on Monday through Thursday and receive 20% off all spa and salon services. If you're looking for a family adventure, try the Salamander Tree Top Zip Tour, which is open to the public with advance reservations. For more information, visit salamanderresort.com.

If you’re new to golf or just want to improve your game, sign up for a series of lessons over the summer with a golf pro at Stonewall Golf Club in Gainesville.

Take lessons by yourself, with the family or gather a group of friends for weekly lessons at a group rate. Mix it with lunch or dinner and it becomes a weekly event you can look forward to all summer. Contact Scott McArthur through Lessons at stonewallgolfclub.com and tell him Bryan Garcia sent you.

Backyard Movie Night

Invest in an outdoor movie theater system and bring Hollywood to your back yard.

Sure, there’s a hefty price tag attached but an outdoor movie theater will keep the kids occupied on hot summer nights and provide hours of entertainment for family, friends and neighbors.

It's an investment that will last for years. Create theme nights for kids and adults and ask the neighbors to bring the refreshments. Kits can be purchased through websites like backyardtheatersystems.com starting at $1,699. They include the projector, portable screens, speakers, Blu-ray player and accessories.

White Water Rafting

Salamander Spa Courtyard, Middleburg, VA. Courtesy of Salamander Resort and Spa.

Located about an hour away in the Harpers Ferry, West Virginia area there are several white water rafting and outdoor adventure companies that offer white water rafting trips. Rafting on the Shenandoah and Potomac Rivers during the summer is perfect for beginners and younger family members due to lower water levels. Typical trips run about a half day and include basic orientation, all the gear needed and an experienced guide in each raft. Be prepared to get wet! Check out riverriders.com or harpersferryadventurecenter.com for more information.

COMMUNITY

Bryan Garcia, EXIT Heritage Realty | 703-517-2574

Go Glamping

The urban definition for glamping is to go camping, with glamour. In other words, luxury camping. Check out Cruise America RV Rentals in Manassas. They rent units that sleep up to seven people and rental rates vary depending on size and model.

Hit the road and drive out to a luxury campground or RV Resort. Resorts that accommodate RV campers provide electric hookups, water hookups and propane.

Some even have heated pools, game rooms, WiFi and more. So, enjoy the outdoors with a crackling campfire, a hot shower and a good night's sleep in a comfy bed.

Visit GoodSamCamping.com for a list of camping resorts in Virginia.

Mini Getaway with airbnb

If you’re considering a little getaway and want to avoid high summer hotel and resort rates, or you want more amenities and space, take a look into Airbnb.

You may find some interesting options at drivable vacation destinations like Hershey, Williamsburg,Washington D.C. or Rehoboth Beach. Some highly desirable locations may require a minimum night stay but others may be flexible. See the cover story for more information about Airbnb or visit Airbnb.com.

Potomac Nationals Game

Take the whole family out to the ballpark to see the Potomac Nationals—our Minor League Baseball team located at Pfitzner Stadium in Woodbridge, VA. The Nationals play in the Class A Advanced Carolina League, and are an affiliate of the Washington Nationals. Several home games are held during the week throughout the summer,

Winery stop at 868 Estate Vineyards, Purcellville, VA. Courtesy of Reston Limousine.

mostly at night but there are also afternoon games. Come out and see some of the Washington Nationals’ prospects in action. Tickets are reasonably priced and can be purchased in advance. Visit potomacnationals.com for more information.

Twilight Polo at Great Meadow

Round up the family, gather your girlfriends or your date and head to Great Meadow for Twilight Polo. If you've never been to a Polo match, you're in for a treat.

Twilight Polo is an easy introduction to the sport—which has been referred to as "hockey on horseback". This version is set on a smaller field and spectators of all ages gather on a grassy hill with blankets and picnics. Early tailgating is popular and spectators may purchase food on site or bring their own. Festive themes each week like Disney, Roaring Twenties and Fiesta add to the fun. Matches are held on Saturday nights through September 19th.

Gates open at 6:30 and games start at 7 p.m., $30 per carload. Visit greatmeadowpoloclub.com for more information.

Winery Tour by Limo

Tour and sample some of Northern Virginia’s finest wines by limousine. Make new friends on public winery tours with Reston Limousine or create your own private tour to the venues of your choice with customized pickup locations and times. The public tours, which include two wineries, are scheduled every weekend from about 10 a.m. to 4 p.m., departure locations and wineries vary. Visit Reston Limousine’s website at restonlimo.com for more information and while you're there check out some of their other tours like ziplining (Zip and Sip) and National Air and Space Museum Tour.

Crowd at Pfitzner Stadium, Woodbridge, VA. Courtesy of Potomac Nationals.

LOCAL BUSINESS SPOTLIGHT

HaymarketHomeowner.com

Beitzell Fence Company: over 30 years of quality fencing

W

ith warm weather and summer vacation comes outdoor projects like landscaping, property updates and pool installation, so I thought it would be a good time to spotlight Beitzell Fence Company, one of our loyal sponsors. Their office and operational facilities are located on Sudley Road in Catharpin.

Beitzell Fence Company is a familyowned business that has been in the fencing industry serving the Haymarket and surrounding region for 31 years.

Owners Karen and Joe Beitzell, along with their two sons, run the daily operations and manage all projects.

Their two daughters also assist in the office.

And of course there’s George, the Great Dane, who greets

customers and passersby with joy and enthusiasm.

Having been in the industry for so many years, Beitzell Fence now has the knowledge and experience to stand by their products and reliable service. They pride themselves on offering the best quality products and service which ranges from installing interior safety gates to full scale athletic fields.

Beitzell Fence continues to serve the residential community and is currently expanding and growing in the commercial industry, while adding new services every year.

Beitzell Fence offers a product line that includes about everything—chain link, iron, vinyl, wood, interior and exterior gate systems and more, with services

that include design, installation and maintenance. They are proud members of the American Fencing Association and the Northern Virginia Building Industry Association. Beitzell Fence is happy to provide free estimates. Visit their website at www.beitzellfence.com for more information or call 571-253-7440.

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Wholesale Nursery & Paver Liquidators Serving Residents and Contractors Products include: * Mulch * Grass Seed & Fertilizer * Sod * Soil * Straw & Netting * All types of Shrubs & Trees: Annuals, Azaleas, Maples, Holly, Dogwoods, Magnolia, Cherry ... * Concrete & Masonry Supplies * Pavers * Wall Block *Palletized Natural Stone * Bird Feeders & Seed & more ...

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We have been styling the

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Haymarket Homeowner Newsletter 3.5x4.75 1-2015

TIPS & ADVICE

HaymarketHomeowner.com

Five summer projects that add appeal to outdoor space

I

f you are considering selling your home, the real estate market tends to slow down during the summer months, however fall is a great time to list your home for sale. Buyers are back from summer breaks and there is generally less competition. Also, as you approach the holidays and colder months, buyers tend to be more serious, as opposed to those who are just looking.

In preparation, here are a five easy summer projects that will undoubtedly add curb appeal and that extra wow factor to the outdoor space of your home when buyers are looking at photos online, driving by or coming to tour your home.

It’s a given that you should maintain your lawn, clean and weed your beds and trim bushes when preparing your home for sale.

1. Paint your front door The front door is always prominent in the first photo shown online as buyers scroll through homes for sale. It’s also one of the first things they see when approaching your house. Don’t be afraid of color but keep in mind that buyers may have different preferences, so keep it somewhat neutral. Some current front door trends include a navy blue like Hale Navy by Benjamin Moore. It looks great with grey or beige tones or brick. With this color, add a simple fall wreath with orange and red colors and the door will really stand out.

Other colors like deep red or orange or even a classic black make a statement if it is a new, fresh coat of paint.

4. Build a fire pit in the yard Buyers always seem to ‘ooh and aah’ when I am showing them homes with a built-in fire pit in the yard, especially during the cooler fall months. They are pretty easy to construct and not too expensive. Google the term ‘build a fire pit Lowes’ and you’ll quickly find simple instructions as well as a short materials list that will enable you to build your own fire pit in a day or two.

5. Dress up your deck

3. Create container plantings Invest in a couple of sturdy, large outdoor planters from a gardening center for the front porch or landing. It’s amazing how much curb appeal a floral arrangement or colorful plant can add to your home, especially if you don’t have much color in the front beds.

Real estate photos of homes for sale that display the deck or patio with furniture, pillows, deck rugs and plants always show well and create that outdoor living element, which actually appears to add space to your living area. Spend some time over the summer decorating your deck or patio.

Towards the middle and end of summer, outdoor gear also goes on sale!

For links to and more ideas about summer outdoor improvement projects, visit HaymarketHomeowner.com/ outdoor-summer-projects.

Have you seen this car around town?

Let Bryan know where and when and you'll be entered to win $50!

2. Replace garage doors If needed, garage door replacement consistently comes up high in cost vs. value reports for home improvement investment costs. If your doors are damaged, not working well or shabby looking, consider installing new ones. They should hold their value. To learn more about cost vs. value for home improvement projects, visit HaymarketHomeowner.com and search under Tips & Advice.

Email your name and sighting location to BryanGarcia@exitheritage.com.

Send a PHOTO and you'll be entered twice! Winner selected each issue.

Haymarket Self Storage We take pride in being a neat and clean business, and we offer the best rates in town!

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Able Moving & Storage, Inc. is a full service moving company specializing in residential and commercial moves. With over 50 trucks, 150 full time employees, and over 100,000 square feet of state-of-the-art warehouse facilities, Able can help you with any of your moving needs.

Please call us at 703-330-3772 for a “Free Written Estimate”, and be sure to mention Haymarket Homeowner.

Visit our website:

StorageinHaymarket.com 703-754-0445 Dave Wolf, Property Manager Email: haymarketselfstorage@live.com 6600 James Madison Highway, Haymarket, VA (behind Food Lion)

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HOME SALES

HaymarketHomeowner.com

May 2015 Real Estate Sales Here are the May 2015 real estate sales results for ALL home types in Haymarket and Gainesville along with the percentage of change from the month of May 2014:

May 2015

HAYMARKET

GAINESVILLE

Median Sold Price % Change from May 2014

$460,500 -4.1%

$407,248 -2.7%

DOM (Days on Market) % Change from May 2014

49 0%

43 +30.3%

Number of Properties Sold % Change from May 2014

50 -20.6%

68 +51.1%

Subscribe to Haymarket Homeowner Online Get the latest real estate market reports, featured listings, my personal picks and community-related real estate stories like: • 5 Fabulous Haymarket Area Homes for Sale with Pools • The Problem with Zillow for Serious House Hunters • Cost vs. Value: What Remodeling Projects Pay Off? Visit HaymarketHomeowner.com and SUBSCRIBE for free on the home page and each new post will be delivered to your email.

Haymarket Homeowner UPSCALE LIVING IN HAYMARKET & GAINESVILLE

Haymarket Homeowner is published bimonthly

by Bryan Garcia, Realtor®. It is printed and mailed to over 11,000 households in Haymarket and Gainesville, Virginia.

For information about advertising or articles, contact BryanGarcia@exitheritage.com. © Copyright 2015 Bryan Garcia | Exit Heritage Realty. This information is solely advisory, and should not be substituted for legal, financial or tax advice. Real estate market information is obtained from third party sources. Publisher is not liable for accuracy of any data or statistics.

If your home is currently listed with another broker, this is not intended as a solicitation of that listing.

Selecting the right lender

is just as important as choosing the right community for your family. MVB Mortgage provides the financial foundation to help build dreams.

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: E D I S N I this Summer

Haymarket Homeowner

o eling too far) D o t s g n i h T (without trav

UPSCALE LIVING IN HAYMARKET & GAINESVILLE

b

BRYAN GARCIA Associate Broker EXIT Heritage Realty www.EXITgarcia.com BryanGarcia@exitheritage.com

703-517-2574

EXIT HERITAGE REALTY

15030 Washington Street Haymarket, VA 20169 703-753-9100 Independently Owned and Operated

Real Estate & Community News from Bryan Garcia, "Haymarket Real Estate Guy" 703-517-2574

Visit us at: HaymarketHomeowner.com