Clarke County, VA Market Report – 11/21/2013

21 Nov
November 21, 2013

Clarke County is a great location for the Washington DC and Northern Virginia Commuter. It is only 60 miles west of DC and borders Loudoun County – the Nations Wealthiest County! The Median Sold price in Clarke is down 3.75% from this time last year. The average days on the market has dropped from 93 days down to just 81 days.

Sellers are selling for 94.7% of their listed price which is much higher than last year when they were averaging just 93%. Clarke County is a planned open space community, residents can enjoy the “slow growth” country setting while still being just 20 minutes away from Loudoun’s Tech Corridor. First time homebuyers can find affordable prices in Clarke, the average sale price is only $258,967 for a detached home. Qualified Buyers can obtain a no money down loan and interest rates are still very low!

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$3,884,500

            -57.93

-42.87%

Closed Sales

15

-44.44%

-16.67%

Median Sold Price

$295,000

-3.75%

-15.9%

Avg Sold Price

$258,967

-24.28%

-31.44%

Avg Days on Market

81 days

-12.90%

-50.31%

Avg Sold to Orig List Ratio

94.7%

+1.14%

+4.5%

More about Clarke County

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. Clarke provides not only scenic beauty but hiking on the Appalachian Trail, fishing, canoeing, rafting, and kayaking on the Shenandoah River. It is a great place to purchase a home!

Information is provided through MRIS, and by Tracy Wenger, Managing Broker of the Front Royal Avery-Hess, Realtors 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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