Orange County, VA Market Report – 11/6/13

06 Nov
November 6, 2013

Orange County, VA offers a wonderful opportunity to purchase a primary residence or a weekend home at a substantial discount from previous years.

The average sold price is up 13.75% from a year ago, and the number of homes on the market is about the same. Homes sell in an average of 114 days, which is 12.97% less time than last year. With prices rising and interest rates still low, the window of opportunity is becoming smaller if you’re looking for a great deal.

Whether you are looking for acreage, resort living a Lake of the Woods, or an attractive subdivision with custom homes, Orange County, located halfway between Fredericksburg and Culpeper, offers great value.

Sep 2013 YoY MoM
Total Revenue 9,370,850 56.90% -11.64%
Average Sold Price $230,946 13.75% 6.03%
Units Sold 40 37.93% -16.67%
Average Days on   Market 114 -12.9% 20%
Active Listings 257 -2.65% -.02%
New Listings 59 -18.06% -22%
New Pending Sales 46 -1.16% -3.23%

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Pat Kline, Managing Broker, Avery Hess, Realtors, Fredericksburg Regional 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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