Spring 2014 Newsletter

Spring 2014 Newsletter

After one of the best winters in the history of Wintergreen Resort, our focus is quietly turning from the cold winter skiing successes to the happy warmth of spring. Hiking, golf, mountain biking, tennis, golf, fishing, spa activities, natural beauty, and our local wineries and brew pubs usher in the new season.

Spring2014-1Carpet of Trillium blooms near the Wintergreen Nature Center

Market Trends

As real estate professionals, we also encourage you to consider taking advantage of the improving market. The first quarter of 2014 is indicating what we believed is a sustainable real estate recovery even although sales were a bit behind this past quarter compared to the first quarter of 2013, when they were unusually high.

spring2014-2Number of closed sales per quarter 1Q2013-1Q2014

Thankfully, the average days on the market for properties to sell continues to decrease. There is a trend toward more rapid absorption, but if properties are not correctly priced, they will still take between 175 to 200 days to sell. The current number of properties on the market represents about 22 months of inventory.

Spring2014-3Average number of days on the market per quarter 1Q2013-1Q2014

More good news: median sales prices continue to rise. Sales prices for the first quarter of this year is about 16% higher than the median sales price for 2013. It is a part of the sustainability formula mentioned previously.

Spring2014-4Median sales price per quarter 1Q2013-1Q2014

Prices are continuing to stabilize, with the average sales prices coming in at around 90% of the listing price.

Spring2014-5Ratio of averages sales price to average list price per quarter 1Q2013-1Q2014

Pay Us A Visit

If you are not already here, you should come. Escape the everyday grind, congestion, and traffic and come up where the air is clear and there is a lot to do. Waterfalls, stunning scenery, and world class views abound. People are welcoming and friendly.

Spring is one of the most spectacular times of the year. The weather is perfect. People come from all over the world to see spectacular mountain flowers from mid-April to mid-July. Dogwoods, redbuds, mountain laurel, serviceberries, flame azaleas, rhododendrons, and many other blooming shrubs and flowers are at their scenic best. Many of these species bloom only in a few other places in the world.

The Nellysford Farmer’s Market is also in full swing.

Spring2014-6Nelson County Farmer’s Market Now Open Behind Wintergreen Real Estate Company Stoney Creek Office

It takes a special person to appreciate the year ’round appeal of a magical place like Wintergreen. If you would like to discover what we and Mother Nature have to offer in the mountain of Central Virginia we personally welcome you and your family and friends and look forward to serving your real estate needs. In the event you have friends who want to be a part of some place very special, please drop us a quick email or call. Our company is the only company with two offices conveniently located at the entrance to Stoney Creek and on Devils Knob next to the Wintergarden Spa. If you have friends or family coming to Wintergreen that may have a real estate interest, please give them our number, and we will not only assist them in any way possible but also promise to make them feel very special.

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