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Louisa County

Charlottesville Area Association of Realtors releases market report

CAARThe Charlottesville Area Association of Realtors has released a local home market report showing median home prices nearly $20,000 lower in the first quarter of this year compared to last year. The same report also notes that more homes are selling now, and that there are fewer houses on the market this year than last.

“It’s pretty much a flat market and it doesn’t surprise me at all,” said Barbara McMurry, president-elect of CAAR and a managing broker at Montague Miller and Co. in Albemarle County. “The median price was down, which can be bad news for a seller, but the inventory was also down. That will help stabilize prices.”

Read more in the Charlottesville Daily Progress....

Posted on Wednesday, April 14, 2010 - 7:36pm

Louisa Residents Can Shop At a New Walmart

A new Walmart opened in Louisa County this week, according to the Culpeper Star-Exponent. The new supercenter will provide new jobs to the area and an increase in the tax base, both of which will be good for Louisa homeowners.

"A Walmart at Zion Crossroads in Louisa County opens to customers today at 8 a.m.

Located near the interchange of U.S. 15 and Interstate 64, the new Walmart will employ about 250 people, according to store manager Tommy Gordon.

Full-time Walmart associates in Virginia earn, on average, $11.46 per hour, according to the company.

The Zion Crossroads Walmart will feature wider aisles, according to a company release, along with a full line of groceries, deli, bakery, pharmacy, lawn and garden center and a Tire Lube & Express.
The 156,490-square feet store will be open 24 hours a day seven days a week.
Community and business leaders will gather at the new Walmart for a ribbon cutting ceremony today at 7:30 a.m.

A color guard from Fork Union Military Academy, about 17 miles from the new store south down U.S. 15, will present the colors at the grand opening."

Read the full story.

Posted on Thursday, November 12, 2009 - 11:11pm

Chesapeake Bay Reports Call For More Livestock, Runoff Regulations

Last week federal officials released parts of a strategy to restore the Chesapeake Bay, according to NewsDay.com.

The report focuses on expanding regulation of large-scale animal farms and municipal stormwater runoff. Although details of the expanded regulations have not been decided, the report did mention that federal leadership and "muscle" would be used when necessary to enforce the new regulations.

This report, along with others wll be used to develop a bay restoration strategy scheduled for release on Novemeber 9th.

Because many of the Virginia localities in the Chesapeake Watershed are heavily farmed areas, many Virginia property owners could be affected. Property owners will need to ensure that their rights are protected in the process of restoring the Chesapeake Bay.

"Federal officials on Thursday began revealing the building blocks of a strategy to restore the Chesapeake Bay, using federal leadership to encourage states to cut pollution and federal muscle, when necessary, to ensure it happens.

Among recommendations in draft reports from federal agencies: expanded regulation of large-scale animal farms and municipal stormwater runoff, and requirements that increases in pollution be offset by reductions from other sources.

The details, such as how many more animal feeding operations would be regulated, have not been decided, but 'the message here is that there will be, there is a commitment at EPA to increased enforcement and increased oversight of state programs,' EPA Administrator Lisa Jackson said Thursday.

The reports will be used to develop a bay restoration strategy, scheduled for release Nov. 9, that was mandated by an executive order issued earlier this year by President Obama.

The EPA said it was working with Chesapeake Bay states and the District of Columbia to establish limits for nitrogen, phosphorus and sediments. States would have to develop detailed plans on how to reduce levels of those pollutants from sources such as farms, highways and lawns. The EPA said it would step in if states don't take sufficient action.

While large operations such as industrial chicken farms would be regulated, the EPA said it would also expand regulation of municipal stormwater programs to include high-growth areas.

Jackson said the goal was to use federal leadership, and 'federal muscle when necessary.'

Agriculture is responsible for about half the pollution entering the bay, but Jackson noted there is more turf grass in the bay watershed than corn acreage and the region is much different from when bay restoration efforts began decades ago."

Read full story.

Posted on Monday, September 14, 2009 - 10:50am

Plans to Expand Lake Anna Complex Will Boost Area

The Freelance Star recently published a story about development coming to Lake Anna. The Lake Anna Island Complex will be home to two new restaurants, a combination ice cream/coffee shop, a fitness center, a clubhouse and several other businesses. Customers will be able to pull up on boats and dock at the Island Shops.

The next project for this area is a 60,000-square-foot condo building that will bring the total number of condos at the Lake Anna Complex to 80. The number of boat slips at Lake Anna Yacht Club also is expected to eventually increase from 40 currently to more than 400, and should find a ready market with boaters living in Charlottesville, the Fredericksburg area and Northern Virginia.

This kind of development will help to protect and increase property values of homes in the area.

"By next spring, the Lake Anna Island Complex near Mineral in Louisa County should be bustling.

The development will be getting a 15,000-square-foot building called The Island Shops that will house two restaurants, a fitness center, a clubhouse and several businesses.

'We're looking for completion by the end of March or the beginning of April. Right now there's just the docks, boat slips and a real estate office,' said B.J. Blount of Lake Anna Realty, who is chairman of the Lake Anna Chamber of Commerce and a partner in the development.

J.A. Snyder Entities in Stroudsburg, Pa., broke ground for The Island Shops yesterday. Its restaurants will include Asian Cafe, a combination Japanese steakhouse and sushi bar. The other, as yet unnamed, will serve American-style fare, and customers will be able to pull up in their boats, dock, and eat on the pier.

'People will feel as comfortable there in bathing suits and shorts as Hawaiian shorts and shirts,' Blount said. 'It will be a nice place for lunch or dinner.'

Other tenants will include Lake Anna Island Realty, which will move there from its present location on the property, plus Northern Virginia Title and Escrow, a hair and nail salon, and a combination ice cream shop and coffee bar, Blount said.

Next up for the 30-acre Lake Anna Island project will be a 60,000-square-foot building that will contain 40 condos, bringing the total to 80. Plans call for 140 condos when the project is built out."

Read full article.

Posted on Wednesday, August 19, 2009 - 1:38pm

Charlottesville Area Housing Market Closer to Recovery

Today the Daily Progress reported that the Charlottesville-area housing market might be just a year away from making a recovery. One key sign of recovery is that the number of pending contracts for July 2009 was higher than in July 2008. Area analysts say that if those pending contracts turn into September's sold homes, then the housing market could make up for losses by the end of the calendar year.

"The Charlottesville-area housing market might be 12 months away from making a recovery, according to Barry Merchant, senior policy analyst with the Virginia Housing Development Authority.

Merchant spoke Thursday to the Charlottesville Area Association of Realtors about the challenges facing the local housing market.

Northern Virginia’s housing market appears to have hit bottom and is seeing sales start to rebound after 36 months of decline. Central Virginia and other parts of the state have followed Northern Virginia trends on a 12-month delay, according to data Merchant presented."

Read full story.

Posted on Friday, August 7, 2009 - 1:49pm

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Posted on Monday, June 15, 2009 - 12:00am