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said. His clients tend to look for acreage and building lots as present homes are so expensive, new homes prices are more resonable. “The prices are on the decline,” he said, but not enough to encourage buying.
Once the recession of late fall settled, “buying just stopped,” the 27year-veteran Rappahannock Realtor Mrs. Day said, adding, even though “there is no average” for buying and selling of property in Rappahannock, “this recession was one of the hardest.”
“Basically, people here do not have to sell,” she explained, adding, when the property did not move, “it was taken off the market or the price was reduced.”
“It was really bad in other places,” she said, adding quite often if a contract written during the recession period was contingent upon the sell of a home elsewhere, it fell through. Now, Eileen M. Day Realtors finds itself busy with finding “second homes” for clients. “There really is not the demand for land,” she said, adding people are looking for new homes or weekend retreats.
Long-time Washington Realtor and broker Mr. Batchelder echoed Mrs. Day’s words. “People are looking for homes,” he said, adding, “land is second.”
. .Probably half of
the people shopping
in this area are from
the metropolitan
area around
Washington D.C.
with a few older or
retired citizens from
Fauquier County.9
— Roger Batchelder
Realty One
“We’ve seen quite an increase,’ he said. Mr. Batchelder said not only are primary homes at the lower end of the financial spectrum selling but those more expensive are as well.
Mr. Batchelder said “probally half of the people shopping in this
89.5%