Any opinions on if land values in Lake Caroline (Ruther Glen, VA) are heading back up again?

Robin Pate
Other/Just Looking
Knoxville, TN

Answers (2)
Wayne Hare, e-P...
Agent
23111

I work more in nearby Lake Land'Or than Lake Caroline, but I'm still seeing regular price decreases on the MLS in this area. One of my clients in Lake Caroline decided to rent their home and then try again in a couple of years. I know that they were fortunate financially to be able to go that route.

Wayne

Thu May 1 2008, 15:59
Sandra L. Lovell
Agent
22546
FIRST ANSWER

Not yet. Generally speaking, our market here is somewhat steady, but with declining values due to an excess of foreclosures selling. Foreclosures, however, are a small percentage of the overall homes for sale. I have had three "normal" sellers go under contract in the last few months, but their prices were in line with the competition.

Wed Apr 30 2008, 20:30

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