Rappahannock, VA Market Report – 9/10/13

10 Sep
September 10, 2013

There were eight homes sold in Rappahannock County in July of 2013 as compared to nine homes in July of 2012. The average sales price has decreased by 68% and the average days on the market has increased 51% from 133 days to 202 days. These statistics are not in line with the general area where prices are on the rise and days on the market is decreasing. 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.

July 2013 July 2012 June 2013
Sold Dollar Volume $1,818,500 $6,440,000 $3,203,900
Average Sold Price $227,313 $715,556 $533,983
Units Sold 8 9 6
Average Days on Market 202 133 288
Active Listings 111 90 102
New Listings 20 13 19
New Pending Sales 4 4 8

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 $227,313 and the inventory is low.

Market data and commentary provided by Tracy Wenger, Managing Broker, Avery-Hess, Realtors Front Royal Regional Office.

Search for homes in Rappahannock County, visit: www.averyhess.com

Erica Higgins

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

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