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Local Real Estate Market
The Valley's MLS real estate sales continue
to show the consistent growth that has typified the area for years. During
2002, REALTORS handled 4896 residential units which represent a 7% increase
over 2001 (17% over 2000). The average price was $152,400 for 2002 (national
average is $203,200).
# Houses in The Valley
(2000 census)
| Roanoke City |
45,257 |
| Roanoke County |
36,121 |
| Salem |
10,403 |
| Botetourt County |
12,571 |
| Roanoke MSA |
104,352 |
Roanoke was selected as one of the top 20
places in America to retire. This has allowed the consistent growth as today's
market is redesigning the way Roanoke Valley lives. New developments include
patio homes, townhouses which are maintenance free, plush condos, and
single-family carefree communities.
We have affordable housing; the cost of
living is low; we have low taxes and crime rate; and we have major health care
providers. When you add the nation's low interest rate, the combinations have
blessed the Roanoke Valley real estate market.
We have another special feature also.
Neighborhoods such as South Roanoke, Raleigh Court, Grandin Court, and Olde
Southwest City with their older homes have seen a surge in remodeling. The
nostalgia factor is a real plus. Tree lined, sidewalk neighborhoods are in real
demand and the Valley can meet that demand.
Sandy and I are prepared to help you in the
Roanoke Valley. Our market is 40 miles from the east (Bedford) to the west
(West Salem) and 60 miles south (Rocky Mount) to north (Fincastle and Eagle
Rock). We have lake communities at Smith Mountain Lake; residential areas
throughout Roanoke, Salem, and Vinton; rural/country living (even with horses)
in Botetourt, Bedford, and Franklin counties; plus secluded mountain settings
throughout the Valley. Let us know how we can assist you at durantvick@cox.net or
1-540-354-4444 Request our Free Roanoke, Salem and Roanoke County Relocation Package. It's packed full of useful and important information about the Roanoke, Salem and Roanoke County, Virginia area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
Working With An Agent >Selecting A Real Estate Agent
Finding the right real estate agent to help you in your search is the important first step to take when you are ready to buy a new home. Some people feel it is better to use someone you don't know--I can't agree with this thought because someone you know will usually go above and beyond the call of duty and have you as top priority at all times.
Knowledge, professionalism and experience are the important factors to consider when selecting a real estate agent. You should also look for someone who listens carefully to what you want in a new home and who knows the market well enough to find the right house for you within a reasonable period of time. Be comfortable with the person you choose. If you feel like the real estate agent is sensitive to your needs and desires, you will feel confident working with that person.
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| Q |
What is an encumbrance against a property, which may be voluntary or involuntary?
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| A |
There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien. |
 See More Real Estate Trivia > |
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