General Area in Ruther Glen>Question Details

Robin Pate, Other/Just Looking in Knoxville, TN

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

Asked by Robin Pate, Knoxville, TN Sun Dec 30, 2007

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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.

0 votes Thank Flag Link Thu May 1, 2008
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.
0 votes Thank Flag Link Wed Apr 30, 2008
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