Archive for category: Market Reports

Spotsylvania County Market Report – 9/24/13

24 Sep
September 24, 2013 Spotsylvania County offers every type of home and community – from suburban planned communities to rural horse properties. This variety makes it a prime area for home buying activity. Home sales have been steadily increasing this year – up 30.77%!  The median sold price is up 11.6% since last year, and the average sales price is up 17.62%. In fact, every statistic except the days on market – the time it takes to sell a home – have risen, but it only takes on average 57 days for a home to sell. This indicates a strong market for all types of housing, sometimes with multiple offers, and prices very close to the list price.  While interest rates have increased slightly, the Spotsylvania Read more [...]

Reston, VA Market Report – 9/11/13

11 Sep
September 11, 2013 LIVE, WORK, PLAY, GET INVOLVED. These founding principles are still embodied by the Reston Community just like they were when this first planned community of Virginia was founded in 1960! Like the rest of Fairfax County, Reston has had their numbers increase slightly like other recovered markets of the DC Metropolitian Area. Closed sales, average sales price, and total dollar volume are all up from a year ago. The market has definitely slowed down from the beginning of the spring market in March. Interest rates also have a huge impact on things slowing down as well. Statistic Values YoY MoM Total Sold Dollar Volume $24,615,694 +14.77% -1.11% Closed Sales 57 +11.76% -1.72% Median Read more [...]

Rappahannock, VA Market Report – 9/10/13

10 Sep
September 10, 2013 There were eight homes sold in Rappahannock County in July of 2013 as compared to nine homes in July of 2012. The average sales price has decreased by 68% and the average days on the market has increased 51% from 133 days to 202 days. These statistics are not in line with the general area where prices are on the rise and days on the market is decreasing. Rappahannock County is a wonderful location for Buyers looking for a beautiful rural setting. It is the home of the scenic Blue Ridge Mountains and borders the Rappahannock River. Only 65 miles southwest of Washington DC, it is a great spot for Northern Virginia Commuters. July 2013 July 2012 June 2013 Sold Dollar Volume $1,818,500 $6,440,000 $3,203,900 Average Read more [...]

Bristow, VA Market Report –9/5/13

05 Sep
September 5, 2013 Even though there was a nearly 114% increase in new listings, the real estate market in Bristow is still in the "Seller Zone".  Buyers have been trying to take advantage of historically low interest rates before they rise again but cannot find a home in good condition to purchase without already having multiple offers! Even the homes that are in poor condition have investors swarming over them with cash offers. August should show a slowdown in sales activity as families gear up for the start of the school year, but September may come back with a bang!!  (Look for those numbers in early October) Compare home sales for Bristow in July of 2013 to home sales in July of 2012: The number of Read more [...]

Olney, MD Market Report – 8/30/13

30 Aug
August 30, 2013 Statistic Values YoY MoM Total Sold Dollar Volume $19,370,774 +39.48% +76.93% Closed Sales 42 +40% +61.54% Median Sold Price $488,000 +4.39% +14.09% Avg Sold Price $461,209 -0.37% +9.53% Avg Days on Market 45   days -6.25% +50% Avg Sold to Orig List   Ratio 97.65% +2.46% -0.67% The statistics in the chart above reflect the numbers for all properties in the 20832 area.  Here is a more detail breakdown of Single Family homes in the Olney, Maryland area: In 20832, the median sold price for Detached Single Family properties for July was $525,000, representing an increase of 3.6% compared to last month and an increase of 3.2% from Jul Read more [...]

Caroline County, VA Market Report – 8/29/13

29 Aug
August 29, 2013 Average prices are up 4.54%, which is a change from 3 months ago, where the prices were down over 3% from the previous year. The number of closed sales has remained steady, with single family homes priced at $300,000 and below, making up the majority of homes sold. Statistic Values YoY MoM Total Sold Dollar Volume  $6,399,080 +4.54% +12.81% Closed Sales    38 0% 0% Median Sold Price $149,950 +3.41% +12.15% Avg Sold Price $168,416 +4.54% +12.81% Avg Days on Market 96 -40% +18.52% Avg Sold to Orig List Ratio 92.76% +7.13% -1.05% Caroline County is being discovered as a convenient, yet unspoiled area to live. History abounds, and visits to the colonial village of Bowling Green Read more [...]

Burke, VA Market Report – 8/27/13

27 Aug
August 27, 2013 It's good to see an active selling market again. While some areas are experiencing the typical summer slow-down because so many are taking advantage of vacations, it's a great day for real estate regardless of whether you're in the market to buy or ready to sell. Homes coming on the market are selling within a month.   Buyers are taking advantage of the low interest rates and buying before prices and interest rates go higher. In July, over 38 homes sold in less than 10 days for top dollar! Just remember, today our buyers want move-in ready and, in Burke, there are wonderful homes ready to move in to. If you're planning to sell, take the time to look around your house and fix anything you Read more [...]

Clarke County, VA Market Report – 8/19/2013

19 Aug
August 19, 2013  Clarke County is an oasis for the Washington DC and Northern Virginia Commuter. It is just 60 miles west of DC, 12 miles from Hollywood Casino and Race Track and 16 miles from historic Harpers Ferry. The Median Sold price in Clarke is up 9.98% from this time last year. The average days on the market has dropped from 125 days down to just 77 days.  Sellers are selling for 94% of their listed price which is much higher than last year when they were averaging just 89%. Clarke County is a planned open space community, residents can enjoy the country setting and still be just 20 minutes away from Loudoun's Tech Corridor. First time homebuyers can find affordable prices in Clarke, the average Read more [...]

Leesburg, VA Market Report – 8/16/13

16 Aug
August 16, 2013 The Leesburg Market continues into the second year of strong growth, following a huge drop in average sales price influenced by the distressed sales of foreclosures and short sales. While the overall year-over-year increase in sales price is minimal, there was an unexplained drop in average sales price in 20175,  but the average sales price in 20176 went up 5% to $511,000. July 2012 July 2013 % change Avg. Sales Price $466,440 $474,361 2% Avg. DOM 55 37 -32% Total Unit Sales 117 153 20% Active listings 379 242 -30% Pending Sales 215 231 8% Northern Virginia continues to enjoy the lowest inventory in the past 5 years. Even though interest rates have moved up slightly above Read more [...]

Potomac, MD Market Report – 8/9/13

09 Aug
August 9, 2013 The statistics below are for the whole of 20854, including all types of Real Estate. What we all want to know is "What is happening with my house," right? I have broken it down by Single Family homes, Townhomes, and Condo/Coops. Statistic Values YoY MoM Total Sold Dollar Volume $93,822,250 +86.93% +53.6% Closed Sales 92 +73.58% +58.62% Median Sold Price $865,000 +1.88% -1.14% Avg Sold Price $1,019,807 +7.69% -3.17% Avg Days on Market 50 days -27.54% +21.95% Avg Sold to Orig List Ratio 97.2% +1.38% +1.39% In 20854, the median sold price for Single Family homes - Detached properties for June was $895,000, representing a decrease of 4.6% Read more [...]