Spring time is here! The market in Spotsylvania is very active right now with low priced listings selling super fast, median sales price slightly up over last year at this time, and inventory quickly shrinking! While it appears we have a good amount of listings that came on in March, we are down 29.9% compared to last year for single family homes and down 52.2% for town homes/condos. We are down 4.8% in new listings for the year. In the low price ranges, this means stiff competition for first time home buyers seeking to find that new home in a good location and in good condition. Multiple offers are typical and prices are escalating to win those homes! In higher price ranges, activity is good, days on market have decreased and percent of sales price received at time of offer has increased!
Here are our latest stats for Spotsylvania County:
Spotsylvania County Mar-09 Mar-10 % Change
New listings 272 328 20.60%
Closed Sales 158 153 -3.20%
Pending Sales 201 251 24.40%
Median Sales Price $183,746 $187,550 2.10%
% of Orig Price 88% 94.40% 7.20%
Avg. Days on Market 117 75 -36%
Single family Inv. 853 598 -29.90%
T.Home/Condo Inv. 134 64 -52.20%
Avg. Days on Market 117 75 -36%
Single family Inv.
Remember, there are only 2 days left to write a contract and be eligible for the first time homebuyers’ tax credit and the move-up tax credit! There is still time to find that great house! It is also a great time to list your home (especially if it is a regular sale) as there are many Buyers out there who are looking for that very thing! Happy Spring!
Amy Cherry Taylor
I am a mother of two wonderful sons and the wife of a dedicated police officer. I am an avid equestrian and own a beautiful horse that I ride and show. We also have three cats and a big dog!
I am a Realtor here in Fredericksburg, VA and am also the Business Manager of the Fredericksburg Avery Hess, Realtors office!
As a native of Spotsylvania, I attended Chancellor High School and then obtained my B.A. in Communication at George Mason University in Fairfax, Virginia. After college I worked in government affairs as the Legislative Associate to the CEO of a prominent Washington lobbying firm. It is there that I honed my skills as a negotiator. I now serve on the Government Affairs Committee at the Fredericksburg Area Association of Realtors.
It is my greatest joy to work with my clients and make them at home in this great community!
I am a Realtor here in Fredericksburg, VA and am also the Business Manager of the Fredericksburg Avery Hess, Realtors office!
As a native of Spotsylvania, I attended Chancellor High School and then obtained my B.A. in Communication at George Mason University in Fairfax, Virginia. After college I worked in government affairs as the Legislative Associate to the CEO of a prominent Washington lobbying firm. It is there that I honed my skills as a negotiator. I now serve on the Government Affairs Committee at the Fredericksburg Area Association of Realtors.
It is my greatest joy to work with my clients and make them at home in this great community!
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