AveryHess, Realtors® Blog

Spotsylvania County, VA Market Report – 9/23/09

With more buyers deciding to enter the market and with the clock ticking on the $8,000 federal tax credit for first-time buyers, we can probably expect to see that percent of list price move upward. Also expect the beginning of a stabilization or even reversal of the downward trend in sales price.

What the stats don’t show is the increase in multiple offers on well-priced properties. We are finding that if a property is priced right, in almost all price ranges, a buyer will probably be found within 90 days or less.

Spotsylvania County, VA Market Report – 9/8/09

The number of new listings in Spotsylvania County has seen roughly a 20% decrease for the month compared to July 2008. However, there is a 22% increase in pending sales year-to-date in 2009 compared to same period last year. The average days that a property spent on the market from listing to contract shrunk from 139 days in July 2008 to just 99 days, a drop of almost 30%. Median sale price for July 2009 shows a decrease of about 16% over last year’s July price.