Warren County/Front Royal Market Report – 9/26/11

26 Sep
September 26, 2011

The market shows signs of improvement for Front Royal and the surrounding county.

The total revenue dollars and the average sales price is up significantly from the same period last year and continues to grow from the previous month.

August  2011 July 2011 August 2010
Total Revenue $7,943,604 $6,671,025 $6,177,588
Average Sold Price $176,525 $171,052 $140,400
Units Sold 45 39 45
Average Days on Market 133 114 112
Active Listings 432 432 470
New Listings 98 84 87
Pending Sales 110 109 92

Today, FHA 30 year fixed rates fell below 4%.  Banks have great 203K renovation loans. It’s a great time for first time homebuyers and investors to be purchasing now.

Rates should continue to stay low for the next several months. If you’ve been waiting, now is the time.

Market data and commentary provided by Charlie Carroll, Managing Broker, Avery-Hess, Realtors.
Search for Homes in Warren County, and all the DC Metro:
www.averyhess.com

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