Rappahannock, VA. Market Report – 05/29/13

31 May
May 31, 2013

There was one home sold in Rappahannock County in April of 2013. Quite the contrast compred to seven homes in April of 2012. The average sales price has increased by 30% and the average days on the market has dropped from 240 days to just 18 days.

Rappahannock County is a wonderful location for Buyers looking for a beautiful rural setting. It is the home of the scenic Blue Ridge Mountains and borders the Rappahannock River. Only 65 miles southwest of Washington DC, it is a great spot for Northern Virginia Commuters.

There are many affordable loan options for first time home Buyers in Rappahannock County. The USDA and VHDA loans offer no money down programs to qualified Buyers. The Average sales price in Rappahannock is $290,000 and the inventory is low.

 

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$290,000

-91.86%

-86.10%

Closed Sales

1

-85.71%

-80.00%

Median Sold Price

$290,000

+28.89%

-35.55%

Avg Sold Price

$290,000

-43.02%

-30.49%

Avg Days on Market

18 days

-92.50%

-92.95%

Avg Sold to Orig List Ratio

89.2

-4.21%

-.09%

Erica Higgins

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

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