Warren County/Front Royal Market Report – 10/3/13

03 Oct
October 3, 2013

The Real Estate Market in Front Royal,VA has increased in every category since this time last year! The amount of sales volume has increased by 28%! The average sold price is up 2.46%, and the average amount of time in which to sell a property has dropped from 104 days on market to just 54 days!

In addition to that, Sellers are now getting an average of 96% of their listed price. This is an increase of 6.62% in just 12 months. The average sales price for a detached home in Warren County is $208,625 which is up 3.5% from this time last year, but it is still very affordable!

Warren County and the quaint town of Front Royal is a very desirable location for first time home buyers. We see a lot of first timers enter the marketplace here. There are loan programs being offered that allow qualified home buyers to purchase with little to no money down! The interest rates are still very low, so Buyers are realizing that purchasing in many cases will cost them less than renting!

The commute to Northern Virginia areas such as Reston, Herndon & Tysons is just one hour on Rt.66. There are many commuter lots in Warren County that are filling up every day as more Buyers are discovering the beauty and affordability of living in the Shenandoah Valley.

Front Royal is not only the canoe capital of Virginia, it’s an historical town with many Civil War attractions. The Historic Downtown area also gives you a choice of ten different Restaurants, a Movie Theater, Art Galleries and Antique Shops. There are many festivals, farmers markets and concerts throughout the year in the town.

Consider a purchase in Front Royal VA, where the Blue Ridge Mountains meet the Shenandoah River!

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Tracy Wenger, Managing Broker at the Avery Hess, Realtors Front Royal Office

 

 

 

Erica Higgins

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

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