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Skyline Team Real Estate
917 Susan Ave.
Woodstock, VA 22664
Phone: 540-459-5555
Fax: 540-459-5553
Email: reception@skylineteam.net
Licensed in Virginia and West Virginia

Welcome

Skyline Team Real Estate was established to provide comprehensive full-service real estate services to the Northern Shenandoah Valley.  We are committed to seeing the American Dream of Home Ownership become a reality to all who desire to achieve such a goal. On our site you can search for homes in Woodstock, Toms Brook, Maurertown, Strasburg, Edinburg, Mount Jackson, New Market, Basye  or other areas; checkout our Dream Home Finder for homebuyers and sellers can obtain Free Market Analysis, for more information about  Our Team, call us today to see how our professionals and your Shenandoah Valley REALTORS® can serve you.

In a hurry? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use our Dream Home Finder form and let us do the work for you.

If you're planning to sell your home now or in the future, nothing is more important than knowing what the market prices are bearing. We would love to help you with a FREE Market Analysis. We search the MLS for comparable sold listings to help you determine the accurate market value of your home, it's important to know your homes value.

We can also help you find rental properties in Shenandoah, Warren, Frederick, and Page Counties.   For your convenience, here is the application for rentals.

Real Estate News!!!

Latest Realty News from NAR

November 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.99 percent this November, up 19.1 percent compared to 4.19 percent a year ago.

  • Housing affordability declined from a year ago in November moving the index down 10.6 percent from 161.0 to 144.0. The median sales price for a single family home sold in November in the US was $260,500 up 5.0 percent from a year ago.
  • Nationally, mortgage rates were up 80 basis point from one year ago (one percentage point equals 100 basis points).
  • The payment as a percentage of income was up from last month at 17.4 percent this November and up from 15.5 percent from a year ago. Regionally, the West has the highest payment at 23.8 percent of income. The Northeast had the second highest payment at 17.1 percent followed by the South at 16.8 percent. The Midwest had the lowest payment as a percentage of income at 13.7 percent.

  • Regionally, the Northeast recorded the biggest increase in home prices at 8.2 percent. The South had an increase of 3.8 percent while the West had a gain of 2.4 percent. The Midwest had the smallest growth in price of 1.6 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 14.4 percent. The South had a decline of 9.3 percent followed by the Midwest that fell 9.2 percent. The West had the smallest drop of 7.2 percent.
  • On a monthly basis, affordability is down from last month in all of the four regions. The Northeast region had the decline of 5.5 percent. The South had a decline of 2.0 percent followed by the Midwest with a dip of 1.8 percent. The West had the smallest dip in affordability of 0.7 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 181.9. The least affordable region remained the West where the index was 105.0. For comparison, the index was 148.8 in the South, and 146.4 in the Northeast.

  • Mortgage applications are currently up while credit availability is down. Rates are higher this month but are still historically low. Home prices are up 5.0 percent while median family incomes that are growing 3.0 percent. The job market is steady. More inventory is welcome on the lower end of the market whereas there is more supply of inventory for high priced homes.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

Throwback Thursday: First-Time Homebuyers Then and Now

In 1981 when NAR first started tracking the data, the average age of a first-time homebuyer was 29.  They made up 44 percent of all homebuyers.  Sixty-eight percent of first-time buyers were married couples, 12 percent were single female and 13 percent were single male (seven percent were other).

In contrast, in 2018, the average age of a first-time homebuyer was 46 and they accounted for 33 percent of all homebuyers.  Fifty-four percent were married couples, 18 percent were single female, 10 percent were single male, and 16 percent were unmarried couples (two percent were other).

In 1989, first-time buyers largely rented an apartment before they bought their home at 80 percent, and 15 percent lived with parents, relatives, or friends.  In 2018, the share of first-time buyers that lived in an apartment before they bought their home slipped to 71 percent while the share of those that had been living with parents, relatives, or friends previous to buying rose to 23 percent.

Planning to Buy a Home in 2019?

Mortgage rates are starting off 2019 at very good levels. In fact, mortgage rates declined, starting the new year with the 30-year fixed rate mortgage dipping to 4.5 percent last week from 5 percent a month ago, according to mortgage finance provider Freddie Mac[1]. After a year of gradual increases, mortgage rates are declining. Stock market volatility, global trade worries and the government shutdown are pushing rates down to their lowest levels since August.

But how do mortgage rates affect homebuyers? Fixed-rate mortgages are amortized over the life of the loan. That means that at the beginning of the loan term, most of the mortgage payment goes toward paying off interest. Over time, a larger percentage of the monthly payment is applied to the loan’s principal balance. Thus, when interest rates are low, homeownership is more affordable. If less is spent on interest, homebuyers may be able to afford a larger loan. However, higher rates increase the long-term cost of owning a house.

NAR calculated the monthly payment based on the mortgage rate in the first week of January (4.5 percent) and the rate (5.0 percent) that was previously expected. Nationwide, it is estimated that the monthly payment at 4.5 percent rate is $1,208, while a higher rate of 5.0 percent increases the monthly payments by $72 to $1,280.

The effect of the mortgage rates varies from location to location. In high-end areas, homebuyers are expected to benefit more from lower rates than homebuyers in other areas. For instance, in the San Jose-Sunnyvale-Santa Clara, CA metro area, comparing the monthly payment at 4.5 percent and 5 percent rates, homebuyers pay $353 less every month for their payment at a 4.5 percent rate. However, at the low-end areas, in Youngstown-Warren-Boardman, OH-PA, the monthly payment at 4.5 percent rate is $26 less compared to the payment at 5 percent rate.

The visualization below allows you to see how much the monthly payment changes at 4.5 and 5.0 percent rates for 178 metro areas:

We also calculated the monthly mortgage payment for 3,119 counties and county-equivalents in the United States. Please visit the following web page to see the monthly mortgage payment at the county level.

Thus, homebuyers can still benefit from lower rates. Although the average rate on the 30-year fixed rate sat just below 4 percent for a year in 2016, homebuyers should bear in mind that, back in 1982, the rate was over 17 percent for more than a year. Moreover, historically[2], the average mortgage rate is 8 percent. Therefore, rates are still historically low. Looking ahead, NAR is forecasting the 30-year fixed rate mortgage to average 4.9 percent for 2019 and 5.2 percent for 2020, respectively.

See below how the 30-year fixed mortgage rate has been trending since 1971:


[1] Primary Mortgage Market Survey, Freddie Mac.

[2] Between 1971 and 2019.

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Shenandoah Valley a wonderful place to call home.  

We are home to the natural wonder of Seven Bends of the North Fork of the Shenandoah River, New Market Battlefield State Historical Park, the Virginia Museum of the Civil War, Shenandoah Caverns, American Parade on Celebration, The Yellow Barn, the Shenandoah Valley Music Festival, Bryce Resort with year round activities, Strasburg Museum, Hupps Hill Civil War Park, Woodstock Museum, Edinburg Mill Museum, tour Route 11 traveling through Strasburg, Toms Brook, Maurertown, Woodstock, Edinburg, Mt. Jackson, New Market and more.  Shenandoah County is home to many vineyards such as Cave Ridge Vineyard, North Mountain Vineyard, Shenandoah Vineyard, Wolf Gap Vineyard and more. 

Testimonials

Nathan represented me buying my very first home. When initially looking for properties, he went above and beyond to provide information on homes that suited my needs and met my budget. Ultimately, Nathan found a property that is PERFECT for me that I may not have otherwise known was on the market. He was kind, honest, patient, and knowledgeable throughout the entire process (despite my endless questions). I could not have asked for more from a realtor and will be recommending friends and family. Heather
Robin & Donna, We want to thank you both so very much for all of your hard work in finding our forever home. The two of you were our first contacts in Virginia and no matter what we asked or how many houses we wanted to see, you always went above and beyond our expectations... Always with a smile, advice, and encouragement. We could not have asked for a better home buying experience and we consider you both friends and not just real estate agents. Thank you so much for finding us the perfect home and for helping us begin living our Virginia dream! Tom & Chris
Robin and Nathan, We couldn’t be more pleased with the photos and the descriptions. We looked very hard for something to correct or change and couldn’t find a thing! Outstanding pictures (Which was hard to do when all of the rooms look the same with no furniture in them!) Everything looks great and we now have no doubt we made the right decision in picking our Realtor and her team. Thomas
Nathan was an exceptional agent for me from the start! He had already done his homework (within just a few hours) with a possible listing price before seeing the property. In addition, he took excellent photos of my home; going the extra mile to remove "junk" from the various rooms before taking photos to make my place look even better! He contacted everyone for me (lawyer, pest inspection, contractor, etc) and all I needed to do was relax and let him do the work! To top things off, my home had a contract within 6 days of listing! If you're looking for an agent that will do the work for you and go the extra mile, then Nathan Gochenour is your man! Highly recommended! Shelby
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as the Skyline Team. Without hesitation, we would highly recommend their service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us! James
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