Haymarket Homeowner HaymarketHomeowner.com
July | August 2014
UPSCALE LIVING IN BEAUTIFUL HAYMARKET, GAINESVILLE AND BRISTOW, VIRGINIA
INSIDE THIS ISSUE
g Changes in real estate market causing shift Neighborhood market watch: Piedmont Local picks: 8 Haymarket area home grown favorites Bridgett Wilson Designs: staged to sell; designed to dwell 2014 house paint trends and inspirations June 2014 real estate summary
Local schools excel beyond academics
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category of student population 12,000 or more) ummer is in full swing but in just a few for “best serving students and families through short weeks it will be “back to school”. As a parent of two elementary age emerging digital technology”. • Gainesville Middle School’s Drama children, we are happy with the Prince Department consistently delivers outstanding William County School system so far and are performances. Last year the GVMS advanced optimistic about another good year. drama students performed “The Little From a real estate point of view, we know Princess” at Virginia Theatre Association’s that schools play an important role in home only state festival and, after a standing ovation, value. In a 2013 National Association of came home with the Silver Trophy. Realtors survey, when asked what’s important • Patriot High School in deciding where to live, 74 When asked what's received national certification percent of buyers said "high for its Project Lead The Way, quality public schools". important in deciding a world-class STEM (science, As homeowners, you where to live, 74 percent technology, engineering, may be happy knowing that of buyers said "high and mathematics) program our local public schools, as designed to expose students well as some fantastic private quality public schools". to university engineering schools, help make this area courses at the high school level. attractive to home buyers—which helps to • The Reagan Middle School Archery maintain the value of your home. Team, in only it’s second year, qualified for Having said that, I’d like bring attention the National Tournament in Louisville, KY to some unique school accolades I’ve learned in May. After placing well both as a team and about through community connections. These individually, they are now moving on to the kudos won’t show up on national school rating World Tournament being held this month in sites like GreatSchools.com but certainly make Madison, WI. Good luck Reagan! me proud to be a resident and parent in our • Girls on the Run, a fitness and wellness community. It’s also news I am happy to share program offered at some local elementary with potential buyers new to the area. schools including Buckland Mills, is close to Whether you’re a parent with school age home because my own daughter participates. children or not, this is good news. Here are This program builds confidence and includes just a few things I found praise worthy: training for and participating in a 5K run. • Prince William County Public Schools More about these programs can be found got the FIRST PLACE national ranking in the at HaymarketHomeowner.com/localschools. 2013–14 Digital School Districts Survey (in the
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PHOTO: Behr.com
1
In Prince William County there was a
+24.2%
increase in New Listings in June 2014 compared to June of 2013.
1
Sold Listings
Percentage of change for number of homes sold Prince William County ....... -4% Haymarket ...................... -1.6% Gainesville .................... -13.4% Bristow ........................... -4.4% Indicates percentage of change during the 6 month period from January 2014 to June 2014 compared to January 2013 to June 2013. Market Watch Source: RBI Real Estate Business Intelligence
Scan this QR Code to see all the homes in Gainesville, Haymarket and Bristow with POOLS.
MARKET WATCH
Two significant changes to the local real estate market may cause shift
R
ecently released market data for the Haymarket area reveals that the real estate market has made some interesting changes so far this year compared to last year. With the end of June, we now have a six month analysis or YEAR to DATE REPORT that we can use to compare to the same six month period last year. There are two significant things that I am noticing. First, there are many more NEW LISTINGS, or homes that came on the market so far this year compared to last year, meaning inventory is up.
New Listings Prince William County
declined compared to last year. While Haymarket did fare well in June with a 15.4% increase in home sales over last June, Haymarket, Gainesville and Bristow ALL had a decrease in home sales in the Year to Date Report. Gainesville had the greatest loss at -13.4% in Sold Listings compared to last year (see sidebar). However, despite this rise in housing inventory and decline in sales, home prices STILL increased over the past six months compared to last year. The Year to Date MEDIAN SOLD PRICE in Haymarket
MONTH OVER MONTH June 2014 June 2013 % Change 1,005
809
+24.2%
YEAR TO DATE 2014
2013 % Change
5,409 4,636 +16.7%
Haymarket
83 65 +27.7%
460 402 +14.4%
Gainesville
101 86 +17.4%
552 453 +21.9%
Bristow
87 59 +47.5%
459 358 +28.2%
In the region, Prince William County had a +24.2% increase of new listings in June compared to last June 2013. And, the Year to Date Report (6 months) shows a 16.7% increase in new listings this year so far compared to last year. On the local front, Haymarket, Gainesville and Bristow all show similar rises. Bristow had the greatest surge in June—with a +47.5% rise in new listings compared to last June. Last year in June there were 59 new homes listed in Bristow. This year there were 87. Overall, Bristow had a +28.2% increase in the Year to Date Report. So, a lot more houses have come on the market in our area with many still active. If this continues, a shift in the market will favor buyers. This escalation is mostly due to seller confidence and property appreciation validated by the consistent rise in home values over the past three years. The second thing I have noticed in recent market trends is that SOLD LISTINGS, or number of homes sold,
rose by +4.8%, in Gainesville by +2.2%, and in Bristow it was +6.4%. So, we are still experiencing a steady, healthy market. Nonetheless, if these trends continue, we may start to see prices stabilize or even drop in the second half of the year. There are so many factors beyond the obvious (seller confidence, winter weather) that may be contributing to shifts in the market. We'll watch what happens in the second half of the year. Looking at the big picture, there are all kinds interesting factors occurring nationwide in seller and buyer behavior. There is a buzz about Millennials living with their parents longer but in the coming months will hit the market in droves as first-time home buyers. The large baby boom generation is now in downsizing mode. International investors are buying increasing numbers of U.S. residential real estate in metro regions. And new Virginia lending programs will allow more flexible borrowing options. All of these things will eventually impact our local market.
NEIGHBORHOOD MARKET WATCH
Piedmont
NEIGHBORHOOD SPOTLIGHT
T
he Piedmont community is located mostly in Haymarket but spans into Gainesville with a gated back entrance at Catharpin Road. Piedmont is made up of over 1600 homes with community amenities that include a year-round indoor swimming pool, two Olympic size outdoor pools, tennis courts, a full-service athletic and fitness center and the beautiful Piedmont Golf Club with an 18-hole championship golf course designed by Tom Fazio. How did the housing market fare in Piedmont for the first half of 2014? Here are some highlights based on all single family home sales in Piedmont from
HaymarketHomeowner.com
January 2014 through June 2014. • CLOSED SALES during this period ranged from a low of $398,000 to a high of $870,000. • There were 2 homes sold in January, 3 in February, 2 in March, 2 in April, 10 in May and 12 in June. • The average DAYS on the MARKET (DOM) so far in 2014 was 67 days compared to 39 days in 2013. • The MEDIAN SOLD PRICE for this period was $578,000 and in 2013 it was $535,000 (an impressive 8% increase).
How is July doing so far? As of July 25th, 2014 there have been 45 properties on the market. Of that 29 are active, 14 under contract and 2 have sold. Of those currently under contract, the MEDIAN LIST PRICE was $625,000. What we are seeing in Piedmont reflects what I have noticed in the region as a whole—inventory is up, there were fewer closings early in the year and homes are on the market for a longer period of time. It could be that the with the long winter, our
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typical spring market just got a late start. What we normally see in the early spring was pushed up to the later spring as seen in the spike of sales in May and June. However, despite all of this, the Median Sold Price still increased 8% over 2014 which means the outlook is good.
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Would you like see your house featured here? According to a 2013 National Association of Realtors Profile, 80 percent of buyers who buy detached single family homes are GenXers and Younger Boomers (aged 34 to 58). When buying a home, this age group was also found to have the shortest move distance from previous home to new home (7 to 12 miles), so they are staying somewhat local. This means that if your home is for sale, marketing it to a local audience is critical. If you are thinking about selling your home, call Bryan Garcia. His team will market your home through all the traditional outlets but in addition, it will be featured in this local publication as well as online at HaymarketHomeowner.com reaching a broader audience. Call Bryan at 703-517-2574 or email bryangarcia@exitheritage.com.
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Local picks: 8 Haymarket area home grown favorites I am thrilled with the recent retail development and the expanding variety of eateries, shopping and activities new to the area. However, there are a few local favorites—some that have been around for many years—that I would like to recognize. These eight establishments, mostly familyowned, are small businesses that help our community thrive. Whether you’re new to the area or have been here for years and just haven’t stumbled upon them, give them a try. As with my previous “best of ” lists, these are just a FEW favorites of many fantastic local spots.
for breakfast or lunch in this sweet space complete with white tablecloths. Or, enlist a personal chef and order your meals ahead online. The “farm to fork” menu, made from fresh, local ingredients changes daily and is posted on the website. Owner Anne Thomas takes pride in what she’s doing and it shows! Open 8:30 a.m. to 3:00 p.m. Monday through Saturday.
Balans Studio
Blue Ridge Seafood & Crab
Balans, a locally-owned fitness studio also located in the Harris Teeter plaza in Gainesville, is more than fitness—it’s about wellness, nutrition, style and community. When you enter, a soothing aroma, the sound of trickling water and the sleek, “green” inspired atmosphere feels more like a spa than a typical exercise studio. A unique blend of classes for all levels includes Yoga, Barre, TRX® and Mat Pilates. Personal training, nutritional guidance and workshops are also available. A simple online class reservation process allows flexibility for hectic lifestyles as you can sign up for whatever class suits your mood or schedule that week.
Family-owned and operated for 35 years, Blue Ridge Seafood is the area’s only authentic “seafood shack” complete with the atmosphere—picnic tables, paper table coverings, dated furnishings, pitchers of beer, and peel-and-eat shellfish of all varieties. It can get crowded, especially on a Saturday night, but the seafood is scrumptious and the prices are reasonable. Favorite menu items include the Garlic Crabs, Hard Shell Blue Crab, Spiced Shrimp Basket and the Hush Puppies are not to be missed! Located on Route 29 just past Wegmans.
Desiderio Italian-American Grill
Details: A Unique Gift Boutique
Desiderio, located in the Harris Teeter Plaza in Gainesville, is family-owned and operated and is now celebrating their fifth year serving the Gainesville and Haymarket area. It takes owner Rick Marrero’s “ItalianAmerican” heritage and combines it with his over 20 years of experience in the restaurant industry. Desiderio prides itself on their homemade menu items and “secret” family recipes including Ricotta Cheesecake and Grandma’s Meatballs. The atmosphere is stylish, warmly lit and offers lovely outdoor dining. Desiderio hosts wine tasting events and mixers and has a “Supper Club” with member-only perks.
Founded in 2002, locally-owned Details (pictured at right) was originally focused on products for the home but in recent years it transitioned into a chic gift boutique. Located just a block from Washington Street in Haymarket, this quaint shop occupies two floors of an old farmhouse. It features iconic brands and trending favorites like Alex and Ani®, Pandora®, Brighton® and Vera Bradley®, as well as a variety of hand-picked clothing items and a mix of unique accessories. Here you will always be greeted by a friendly sales associate eager to help you find the perfect gift—even if it’s for yourself!
AKT Nourish AKT Nourish (aka Annie’s Kitchen Table) is a brand new, family-owned little market and eatery located on Washington Street in the center of town. Dine indoors or outside
Pickle Bob’s Soft Serve Ice Cream Pickle Bob’s has been a Haymarket landmark since 2003. Although it recently changed hands in ownership, it’s still the number one spot to head to after the soccer game! Located on the corner of Route 15 behind the Sheetz, you can’t miss it’s unique storefront and the pickle mascot. At Pickle Bob’s there are countless ways to enjoy your creamy, soft serve ice
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cream—mixed with fruit, nuts, candy or cookies—in sundaes, shakes, cones, tornados or floats. Order a Pup Cup for your furry friend! For years it was cash only here, but Pickle Bob’s is now accepting credit cards.
Gainesville Ballet In the ten years since Gainesville Ballet opened it doors, this local dance studio has transitioned into an award-winning, premier performing arts organization. Annual performances like The Nutcracker and Le Corsaire (photo on right) are now held at the Hylton Performing Arts Center and combine guest professional dancers from all over the world with the talent of area students of all levels. Managed by a husband and wife team in new, state-ofthe art studios on Old Linton Hall Road, Gainesville Ballet offers outstanding instruction led by an international faculty. Dance classes, as well as voice and piano lessons, are offered to students of all ages.
EXIT Heritage Realty My mom, Cheryl Garcia (Managing Broker with over 30 years of experience) and I opened Heritage Real Estate in September 2003. In August 2006 we joined EXIT Realty as franchise owners. Even though we are part of one of the fastest growing real estate companies in North America, we are deeply rooted in the community and pride ourselves on our personalized service to our clients—past and present. I grew up in this area and I know Haymarket well. Our office is the older white house right
in the center of town, you can’t miss it. On Haymarket Day in September, you’ll find our friendly agents handing out hundreds of water bottles and free balloons.
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Bridgett Wilson Designs: staged to sell; designed to dwell
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taged to sell; to stage each room when "I do paint color consultations, drapes, designed to dwell", selling. Bridgett creates a furniture selection, placement, and hang is an expression in the list of suggestions, and then art for clients looking to create a beautiful home decorating world, emails it to the homeowner home for themselves and their families," and it describes one for them to do. Wilson says. northern Virginia business The goals of perfectly—Bridgett Wilson home staging are I approach home selling from a Designs. to attract potential decorating point-of-view. Based in Gainesville, owners, and show Bridgett Wilson Designs off key features owner, Bridgett Wilson of the home; this is what "When decorating a home for a client explains, "Are you getting the homeowner and who wants to update their existing or ready to sell your home and Wilson discuss during a new home, add color or create a cohesive looking for ways to help consultation. "I approach style, I'm working on the 'design to dwell' BRIDGETT WILSON, PROPRIETOR it sell quickly, for a good home selling from a concept," Wilson comments. "I believe price? That's the 'staged to sell' part of my decorating point-of-view," Wilson says. it's important to live in a nice space. I decorating business." Bridgett also offers staging packages believe that every home can be beautifully Among her services, Wilson offers a where she stages rooms or whole homes. decorated on a budget," she summarizes. one-hour 'Walk and Talk Consultation' "My kitchen and bathrooms staging Bridgett specializes in interior where she walks through soon-to-be-onpackage is very popular," she states. redesign, home staging, color consultation the-market homes with owners. As they Switching gears, Wilson decorates and and decorating. For more information go from room to room, they discuss ways redesigns homes for homeowners, too. visit bwilsondesigns.com.
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2014 house paint trends and inspirations
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ummer is a time to slow down and rejuvenate—it may be a visit to the ocean, the lake or just spending some peaceful time at home. It’s also a good time to start thinking about fall projects like painting and decorating. Whether you are preparing your home for sale, decorating a new home or just looking for a change, the elements of nature and the tranquility of the seaside can provide inspiration. Paint companies like Benjamin Moore, Sherwin-Williams and Behr review all of these elements and more to create their annual color trend themes and brochures. For example, the experts at Benjamin Moore study how we live, attend furniture markets, and watch the runways of high fashion in order to put together their annual color trend palettes. This year there seems to be an affinity with the sea and simplicity of nature in the themes. Behr, exclusively carried by Home Depot, has four 2014 color trend themes. The most tranquil of the themes was inspired by the colors of the coastline, Seaside Harmony: sea glass greens, warm
harmonious grays, navy, soft coral, and blue-greens that soothe and inspire, but are never boring. In fact, the 2014 Benjamin Moore Color of the Year: A Breath of Fresh Air says it all in its name. A cheerful, light blue, this color is reminiscent of the sky on a summer day and looks great with classic white trim. It's versatility proves that neutral can go beyond beige walls.
Charleston townhouse aura bath & spa, Breath of Fresh Air 806, matte; from Benjaminmoore.com.
white beach sand, and the peaches and soft blues of the ocean sky at sunset (below). Benjamin Moore’s Color Trends 2014 palette, the “New” Neutral palette was crafted to help homeowners create a peaceful sanctuary. The 23 colors in the palette work together to provide a flow of
From a real estate perspective, buyer surveys consistently tell us that a project as simple as a fresh coat of paint on the front door can dramatically increase curb appeal and add value to your home. To get started with your "new look" or for more inspiration, visit local paint stores Benjamin Moore/Vienna Paint, Behr Paints at Home Depot and SherwinWilliams stores, all in Gainesville.
Connecticut farmhouse grand entrance, Breath of Fresh Air 806, high gloss; from Benjaminmoore.com. Left: A cool aqua blue, Ocean Liner, is the main wall color. Sky Blue and Miami Peach colors the ceiling. Decorating style is a fusion of modern and casual elements, softened with natural wood elements, fibers and cotton knits; from Behr.com
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HOME SALES
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June 2014 real estate sales Here are the June 2014 real estate sales results for ALL home types in Haymarket, Gainesville and Bristow and the percentage of change from June 2013:
June 2014
HAYMARKET
GAINESVILLE
BRISTOW
Median Sold Price % Change from June 2013
$490,000 +4.3%
$413,500 +0.1%
$425,000 +0%
DOM (Days on Market) % Change from June 2013
57 +72.7%
36 +20%
29 +11.5%
Number of Properties Sold % Change from June 2013
60 +15.4%
56 -26.3%
55 -17.9%
Haymarket Homeowner UPSCALE LIVING IN BEAUTIFUL HAYMARKET, GAINESVILLE AND BRISTOW, VIRGINIA
Haymarket Homeowner is published bimonthly by Bryan Garcia, Realtor®. It is printed by Piedmont Press of Warrenton, VA and mailed to over 4000 households in Haymarket, Gainesville and Bristow, Virginia. For information about advertising or articles, contact BryanGarcia@exitheritage.com.
What did that house down the street sell for? It's easy to find out, just ask Bryan Garcia. Bryan will email you a free, up-to-date MARKET SNAPSHOT for your neighborhood with: •
Full DETAILS about all the homes for sale or homes that were JUST LISTED;
•
The homes that RECENTLY SOLD and the PRICE they sold at;
•
NUMBER OF DAYS homes were on the market before they sold;
•
PRICE CHANGES for homes that are currently on the market.
© Copyright 2014 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.
Email your request to BryanGarcia@exitheritage.com.
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Haymarket Homeowner UPSCALE LIVING IN BEAUTIFUL HAYMARKET, GAINESVILLE AND BRISTOW, VIRGINIA
: Area E D I S IN ymarket
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