Caroline County, VA Market Report – 12/9/13

09 Dec
December 9, 2013

Caroline County is an affordable area within easy commute of both the Fredericksburg and Richmond areas. An assortment of homes, from lakeside properties to new planned communities, make this area attractive choice for many buyers.

The median home price in the county increased by 52.73% over last year at this time, and is up 6.7% from September. There were fewer homes on the market, another  indicator that lack of inventory helped boost prices. The largest sector of purchasers paid cash for their homes, but all other financing options are represented as well. If you’re thinking of buying or selling soon, consider jumping into the market early in 2014!

Statistic Values YoY MoM
Total Sold Dollar Volume  $5,190,309 +81.66% -11.13%
Closed Sales    31 +47.62% -3.13%
Median Sold Price $168,000 +52.73% +6.7%
Avg Sold Price $167,429 +23.06% -8.26%
Avg Days on Market 108 +16.13% +12.5%
Avg Sold to Orig List Ratio 94.93% -2% +2.88%

Caroline County is being discovered as a convenient, yet unspoiled area to live.  History abounds, and visits to the colonial village of Bowling Green and Port Royal are popular. There are many recreational activities like golf, camping and hiking. The State Fair of Virginia is held annually in the county, and Kings Dominion Amusement Park is fun for everyone.

Access to train transportation from Carmel Church Station is being developed, and a short drive on I-95 brings you to historic Fredericksburg and Richmond attractions, festivals, concerts and fine dining. Caroline County is growing, so now may be the time to buy while prices remain low.

The agents at the Fredericksburg Regional Office know Caroline County and the surrounding areas, and are ready to assist you with all your real estate needs!

Market data and commentary provided by Pat Kline, Manager of the Fredericksburg Regional Office, Avery-Hess, Realtors.

 

Erica Higgins

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

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