Clarke County, VA Market Report – 5/7/13

06 May
May 6, 2013

The inventory of homes in Clarke County is down 13% from this time last year. The amount of new listings for March 2013 is almost 18% lower than March 2012. This is true of many areas in Northern Virginia. We are seeing fewer listings, which means that demand is increasing. The average days on the market has dropped to 102 days in Clarke County from this point last year when we were seeing an average of 148 days on the market. Although prices are slightly lower this month as compared to this time last year, the ratio of the sales price to listed price has increased from 87.5% to 88.2%.

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$4,483,750

-44.15%

+94.32%

Closed Sales

13

-35%

+85.74%

Median Sold Price

$214,000

-19.68%

-27.46%

Avg Sold Price

$344,904

-14.08%

+4.6%

Avg Days on Market

102 days

-31.08%

-7.3%

Avg Sold to Orig List Ratio

88.2%

+0.80%

-3.6%

More about Clarke County

Clarke County remains to be an affordable location for first time home buyers, with the average sales price being just $345,000. Qualified Home Buyers can take advantage of the “No Money” & “Low Money” down loan programs being offered, as well as historically low interest rates!  Buyers should consider Clarke County, an oasis just an hour west of Washington, DC. It borders Loudoun, ”the richest county in the US,” which makes Clarke Clounty a wonderful location for those commuting to Loudoun’s Tech Corridor.

Clarke has so much to offer! It’s just 60 miles west of Washington DC, 12 miles from Hollywood Casino and Race Track in Charles Town, WV., and 16 miles from historic Harpers Ferry.  As soon as you crest the Blue Ridge Mountains into Clarke County, you will know why Clarke County is referred to as the oasis. At the foot of the mountain is the Shenandoah River and beyond that are miles of gently rolling hills. Clarke is a planned open space community,. It provides not only scenic beauty, but hiking on the Appalachian Trail, fishing, canoeing, rafting, and kayaking on the Shenandoah River. It also has award winning wineries. With only 14,500 people living in the entire county, it has a true country feel with the convenience of being right next door to the DC Metropolitan area.

Market data and commentary provided by Tracy Wenger, Manager of the Front Royal office, Avery-Hess, Realtors.

Search for homes in Clarke, Frederick, and all of the Shenandoah Valley: www.averyhess.com

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

Latest posts by Erica Higgins (see all)

Tags: , ,
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply