AveryHess, Realtors® Blog

Warren County/Front Royal Market Report – 6/29/11

You’ve all heard the real estate adage “location, location, location”. If you real want to know how the real estate market is today, it’s about location. And it’s also about perspective.

Let’s look at location first. What you hear and read in the news is generally more of a global outlook and although things look bad in Michigan, Florida, Nevada and other locales, relatively speaking it’s not too bad in the DC metropolitan area.

Warren County/Front Royal Market Report – 2/23/11

While it’s still early in the year to determine if the market is really trending upward, a look at the hard numbers reveals that the Front Royal area real estate market still has opportunities for buyers to find good deals. Prices are still very low, interest rates are still comparatively low, and working with a knowledgeable agent and mortgage lender will help buyers find the right property

Warren County/Front Royal Market Report – 10/13/09

Two very interesting things are happening in the Warren County and Front Royal housing market. The first is that inventory is getting tighter and closed sales along with pending sales are increasing. The second interesting fact is that properties are staying on the market longer, causing prices to continue to fall. Typically, you would find not find both instances occurring. As supply decreases and sales continue to increase, normally prices would rise and days on the market would decline. However, the opposite is happening.

Warren County, VA Market Report – 9/22/09

Inventory is increasing and prices seem to be slowly creeping down. This opens the door for a great investment opportunity. Rents are holding steady and therefore cash flow is available when you buy and rent. As prices drop, so does the percentage of sale price versus listing price, meaning further discounts. Year to date, listings are selling for 87.4% of their list price–down 2.4% from the same time in 2008.