Roanoke Real Estate

Hope you can make it to our Open House on this beautiful Sunday.  Directions:  221S L on Cotton Hill Rd, L on Monet, L on Sedgewick, R on Ashmont.

There is still time to take advantage of the home buyer’s tax credit, but not for long.  Come see us from 2 to 4 today at these great homes:

6211 Ashmont Dr and 3521 Penn Forest Boulevard.

Click on the listings tab above to preview these homes via virtual tour.

To schedule a private appointment, call us at 540.521.9291

We recently closed on a home site in Old Mill Plantation with folks excited about building their family home in a great neighborhood.  As the weather improves and spring approaches, the views and excitement about this planned community continue to improve.  If you have an interest in seeing this fine community, contact me to set up a tour.  We have homes starting at $459,950 and 1-acre home sites starting at $69,950. 

 Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Come join us at 6371 Spring Run Drive today for an open house from 2 to 4.  View the many updates including new carpet, fresh paint, and updated kitchen.  This home is on a secluded, cul-de-sac lot in SW Roanoke County.  A rare find.  Directions:  Take Route 419(Electric Road) to Route 221S, Right on RanLynn, to Left on Spring Run to the home on the right.

Come see us while you are out on your Sunday ride.

Check out this new consruction home we have listed in Old Mill Plantation, Roanoke’s newest and premier planned community. This Single-family homehas 4 bedrooms and 4.5 baths. Fantastic Charlotte inspired 2-story. All brick federal style colonial w/gourmet kitchen pass through F/P in main level office. 3-car garage, Metwood system. Walk out into side yard with historic oak perfect for garden area. You need to get inside this home to see how much bigger(3,100 finished square feet, plus a FULL un-finished, walkout basement) it is on the inside than it looks from outside.  The home was specifically designed to preserve the historic oak tree on the property.

Call to see this fabulous home

 '’Owner/Agent'’
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The WhiteGallagher team is hosting two fantastic open houses this weekend in Roanoke, VA, from 2 to 4.  The sun is supposed to be shining, so bring your Valentine’s date out to find your next home!

For those of you in SW Roanoke County who use your Kroger card, but can never get over to Towers or Salem to take advantage of the discounted gas, soon you will be able to take advantage of that service right here in SW Roanoke County!

Photo courtesy of swo_co

Excavation has started at the intersection of Colonial avenue and Route 221 (Brambleton Ave) at the former site of Madison’s.

No completion date has been set. 

A friend asked me what I thought of the recent numbers that have come out, and specifically, this video:

CLICK HERE

One of the analysts mentions: “it is payback time for the tax credit and that demand has been pulled forward and the demand now is not there.”  I simply don’t agree with that statement.  I do believe the following about our current housing market:

1) Consumer confidence is the #1 issue in today’s housing market(analyst #2 mentions this).  Our national unemployment numbers are hovering at 10% and the underemployed percentage drives that up even further.  Without an increase in consumer confidence, the housing market will remain in flux.

2) Mortage rates REMAIN at historic lows.  These rates cannot continue to remain this low.  The fed is artificially maintaining rates with short-term interest rates at near 0%, resulting in 30-year mortgages in the sub-5% range.  Inflation is inevitable.

3) Mortgage lending has tightened up and rightly so.  Buyers are no longer able to simply borrow on the equity of their current home to ‘buy up’. They must first sell their homes and this has created pent-up demand, in my opinion.  People still WANT to move up, they just can’t.

4) Pricing will continue to be flat, at best in 2010.  Those looking to sell are not able to get the same price they were just a few years ago; however, this also means those moving up are seeing lower prices than then would have seen three years ago, also.

Our president will speak at his state of the union address this week and his message will be important.  Will there be a shift in focus to job generation, or continued focus on policy?  With the pressure on the President in recent gubernatorial elections in Virginia and New Jersey, coupled with a switch in party in the Massachusetts Senate election, I believe the President needs to listen to the people’s voice and focus more on the economy.  We shall see.

So, what do you all think is going to happen in the 2010 housing market?  Please leave your comments below.

Check out this new Single-family property that we just listed. It is at 7423 Nandina Drive in Old Mill Plantation, Roanoke, VA 24018. This Single-family property has 5 bedrooms and 5.5 baths. This is a breathtaking, custom home in Roanoke’s premier planned community. Situated on 1.33 acres, this home has left no details out with a gourmet kitchen, 9′ ceilings on main levels and 10′ ceilings in lower level. 3-piece custom crown, over-sized baseboard, and custom plantation shutters throughout entire house. The outside boasts incredible brick detail and outdoor lighting. GET INSIDE! OWNER/AGENT.

For a virtual tour of this home, CLICK HERE
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Check out this new Lot property that I just posted on my Web site. It is at 3824 Eagle Crest Dr in Roanoke. This is the best lot in the Hidden Ridge sub-division. Fantastic setting on level lot with views of the Blue Ridge Mountains. Located in Hidden Ridge with home values from $500,000 to over $1 million. This lot has already been surveyed and is ready to place your new home on it. The public water and sewer hookup fees are included in the price ~5000 value
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