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!
In Caroline County, closed sales increased 45.5% and the average days on market decreased 53.3%, which is great news. Homes that are priced right, in good condition, and in a good location are starting to sell much quicker. The percentage of original sales price increased 9.6%, meaning sellers are receiving much better offers.
Caroline is a mostly rural county that is located south of Fredericksburg. According to the Associated Press monthly analysis, it is among the top five counties in the United States with the most improved foreclosure rate between July and August 2009.