July 2016 market stats
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July 2016 Fredericksburg Area Association of REALTORS® (FAAR) Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved. Data Source: MRIS. Statistics calculated August 04, 2016. Sold Summary Jul 2016 Jul 2015 % Change Sold Dollar Volume $172,120,973 $151,238,339 13.81% Avg Sold Price $297,787 $284,283 4.75% Median Sold Price $275,000 $271,000 1.48% Units Sold 578 532 8.65% Avg Days on Market 53 67 -20.90% Avg List Price for Solds $302,543 $289,899 4.36% Avg SP to OLP Ratio 97.0% 95.9% 1.21% Ratio of Avg SP to Avg OLP 96.6% 96.3% 0.34% Attached Avg Sold Price $228,435 $214,212 6.64% Detached Avg Sold Price $308,128 $293,190 5.09% Attached Units Sold 75 60 25.00% Detached Units Sold 503 472 6.57% Inventory Jul 2016 Jul 2015 % Change Active Listings 1,815 2,194 -17.27% New Listings 811 839 -3.34% New Under Contracts 292 234 24.79% New Contingents 318 308 3.25% New Pendings 610 542 12.55% All Pendings 1,015 927 9.49% Notes: SP = Sold Price OLP = Original List Price LP = List Price (at time of sale) Garage/Parking Spaces are not included in Detached/Attached section totals. Financing (Sold) Assumption 0 Cash 52 Conventional 167 FHA 167 Other 44 Owner 0 VA 148 Days on Market (Sold) 0 20 1 to 10 185 11 to 20 92 21 to 30 48 31 to 60 106 61 to 90 44 91 to 120 19 121 to 180 19 181 to 360 31 361 to 720 13 721+ 1 Active Detail Sold Detail Residential Condo/Coop Active Listings 2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached < $50,000 1 0 0 0 0 0 0 9 4 1 $50K to $99,999 2 0 4 0 0 0 1 16 1 0 $100K to $149,999 2 3 10 3 4 0 1 47 5 1 $150K to $199,999 7 2 35 10 9 0 1 85 16 7 $200K to $299,999 15 1 100 31 80 13 3 361 53 18 $300K to $399,999 2 0 25 4 125 1 1 487 15 1 $400K to $499,999 1 0 5 0 47 0 0 308 1 0 $500K to $599,999 0 0 1 0 13 0 0 162 0 0 $600K to $799,999 0 0 2 0 10 0 0 137 0 1 $800K to $999,999 0 0 1 0 0 0 0 38 2 0 $1M to $2,499,999 0 0 0 0 2 0 0 34 2 1 $2.5M to $4,999,999 0 0 0 0 0 0 0 2 0 0 $5,000,000+ 0 0 0 0 0 0 0 0 0 0 Total 30 6 183 48 290 14 7 1,686 99 30 Avg Sold Price $216,780 $169,950 $247,270 $228,289 $355,981 $259,034 $218,370 Prev Year - Avg Sold Price $182,739 $177,790 $229,381 $207,337 $343,066 $256,866 $235,750 Avg Sold % Change 18.63% -4.41% 7.80% 10.11% 3.76% 0.84% -7.37% Prev Year - # of Solds 27 10 169 34 276 12 4
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Transcript of July 2016 market stats
July 2016Fredericksburg Area Association of REALTORS® (FAAR)
Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved.Data Source: MRIS. Statistics calculated August 04, 2016.
Sold Summary
Jul 2016 Jul 2015 % Change
Sold Dollar Volume $172,120,973 $151,238,339 13.81%
Avg Sold Price $297,787 $284,283 4.75%
Median Sold Price $275,000 $271,000 1.48%
Units Sold 578 532 8.65%
Avg Days on Market 53 67 -20.90%
Avg List Price for Solds $302,543 $289,899 4.36%
Avg SP to OLP Ratio 97.0% 95.9% 1.21%
Ratio of Avg SP to Avg OLP 96.6% 96.3% 0.34%
Attached Avg Sold Price $228,435 $214,212 6.64%
Detached Avg Sold Price $308,128 $293,190 5.09%
Attached Units Sold 75 60 25.00%
Detached Units Sold 503 472 6.57%
Inventory
Jul 2016 Jul 2015 % Change
Active Listings 1,815 2,194 -17.27%
New Listings 811 839 -3.34%
New Under Contracts 292 234 24.79%
New Contingents 318 308 3.25%
New Pendings 610 542 12.55%
All Pendings 1,015 927 9.49%
Notes:SP = Sold PriceOLP = Original List PriceLP = List Price (at time of sale)Garage/Parking Spaces are not included in Detached/Attached section totals.
Financing (Sold)
Assumption 0
Cash 52
Conventional 167
FHA 167
Other 44
Owner 0
VA 148
Days on Market (Sold)
0 20
1 to 10 185
11 to 20 92
21 to 30 48
31 to 60 106
61 to 90 44
91 to 120 19
121 to 180 19
181 to 360 31
361 to 720 13
721+ 1
Active DetailSold Detail
Residential Condo/Coop Active Listings
2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop
Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached
< $50,000 1 0 0 0 0 0 0 9 4 1
$50K to $99,999 2 0 4 0 0 0 1 16 1 0
$100K to $149,999 2 3 10 3 4 0 1 47 5 1
$150K to $199,999 7 2 35 10 9 0 1 85 16 7
$200K to $299,999 15 1 100 31 80 13 3 361 53 18
$300K to $399,999 2 0 25 4 125 1 1 487 15 1
$400K to $499,999 1 0 5 0 47 0 0 308 1 0
$500K to $599,999 0 0 1 0 13 0 0 162 0 0
$600K to $799,999 0 0 2 0 10 0 0 137 0 1
$800K to $999,999 0 0 1 0 0 0 0 38 2 0
$1M to $2,499,999 0 0 0 0 2 0 0 34 2 1
$2.5M to $4,999,999 0 0 0 0 0 0 0 2 0 0
$5,000,000+ 0 0 0 0 0 0 0 0 0 0
Total 30 6 183 48 290 14 7 1,686 99 30
Avg Sold Price $216,780 $169,950 $247,270 $228,289 $355,981 $259,034 $218,370
Prev Year - Avg Sold Price $182,739 $177,790 $229,381 $207,337 $343,066 $256,866 $235,750
Avg Sold % Change 18.63% -4.41% 7.80% 10.11% 3.76% 0.84% -7.37%
Prev Year - # of Solds 27 10 169 34 276 12 4
July 2016Fredericksburg City, VA
Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved.Data Source: MRIS. Statistics calculated August 04, 2016.
Sold Summary
Jul 2016 Jul 2015 % Change
Sold Dollar Volume $9,935,999 $8,702,450 14.17%
Avg Sold Price $331,200 $310,802 6.56%
Median Sold Price $342,375 $308,500 10.98%
Units Sold 30 28 7.14%
Avg Days on Market 50 91 -45.05%
Avg List Price for Solds $338,728 $323,961 4.56%
Avg SP to OLP Ratio 95.6% 93.7% 2.08%
Ratio of Avg SP to Avg OLP 96.2% 92.8% 3.64%
Attached Avg Sold Price $212,850 $270,250 -21.24%
Detached Avg Sold Price $339,654 $317,560 6.96%
Attached Units Sold 2 4 -50.00%
Detached Units Sold 28 24 16.67%
Inventory
Jul 2016 Jul 2015 % Change
Active Listings 107 159 -32.70%
New Listings 37 53 -30.19%
New Under Contracts 20 13 53.85%
New Contingents 14 16 -12.50%
New Pendings 34 29 17.24%
All Pendings 56 51 9.80%
Notes:SP = Sold PriceOLP = Original List PriceLP = List Price (at time of sale)Garage/Parking Spaces are not included in Detached/Attached section totals.
Financing (Sold)
Assumption 0
Cash 8
Conventional 11
FHA 6
Other 1
Owner 0
VA 4
Days on Market (Sold)
0 1
1 to 10 10
11 to 20 5
21 to 30 1
31 to 60 6
61 to 90 2
91 to 120 1
121 to 180 1
181 to 360 3
361 to 720 0
721+ 0
Active DetailSold Detail
Residential Condo/Coop Active Listings
2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop
Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached
< $50,000 0 0 0 0 0 0 0 0 0 0
$50K to $99,999 0 0 1 0 0 0 0 0 1 0
$100K to $149,999 1 1 0 0 0 0 0 2 0 0
$150K to $199,999 1 0 0 0 1 0 0 1 0 1
$200K to $299,999 0 0 5 0 1 0 0 15 8 1
$300K to $399,999 1 0 4 1 7 0 0 31 3 0
$400K to $499,999 0 0 1 0 2 0 0 16 1 0
$500K to $599,999 0 0 0 0 1 0 0 6 0 0
$600K to $799,999 0 0 0 0 2 0 0 6 0 1
$800K to $999,999 0 0 0 0 0 0 0 4 2 0
$1M to $2,499,999 0 0 0 0 0 0 0 4 2 1
$2.5M to $4,999,999 0 0 0 0 0 0 0 1 0 0
$5,000,000+ 0 0 0 0 0 0 0 0 0 0
Total 3 1 11 1 14 0 0 86 17 4
Avg Sold Price $206,667 $120,700 $290,695 $305,000 $406,618 $0 $0
Prev Year - Avg Sold Price $267,500 $230,000 $297,871 $0 $360,500 $310,500 $0
Avg Sold % Change -22.74% -47.52% -2.41% 0.00% 12.79% 0.00% 0.00%
Prev Year - # of Solds 3 2 12 0 9 2 0
July 2016Stafford County, VA
Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved.Data Source: MRIS. Statistics calculated August 04, 2016.
Sold Summary
Jul 2016 Jul 2015 % Change
Sold Dollar Volume $83,805,556 $69,751,736 20.15%
Avg Sold Price $318,652 $312,788 1.87%
Median Sold Price $303,000 $308,000 -1.62%
Units Sold 263 223 17.94%
Avg Days on Market 41 65 -36.92%
Avg List Price for Solds $323,271 $318,860 1.38%
Avg SP to OLP Ratio 97.3% 95.6% 1.77%
Ratio of Avg SP to Avg OLP 97.5% 95.8% 1.73%
Attached Avg Sold Price $238,906 $225,454 5.97%
Detached Avg Sold Price $339,257 $328,499 3.27%
Attached Units Sold 54 34 58.82%
Detached Units Sold 209 189 10.58%
Inventory
Jul 2016 Jul 2015 % Change
Active Listings 718 878 -18.22%
New Listings 336 385 -12.73%
New Under Contracts 135 101 33.66%
New Contingents 140 124 12.90%
New Pendings 275 225 22.22%
All Pendings 432 380 13.68%
Notes:SP = Sold PriceOLP = Original List PriceLP = List Price (at time of sale)Garage/Parking Spaces are not included in Detached/Attached section totals.
Financing (Sold)
Assumption 0
Cash 21
Conventional 58
FHA 74
Other 15
Owner 0
VA 95
Days on Market (Sold)
0 10
1 to 10 93
11 to 20 36
21 to 30 26
31 to 60 50
61 to 90 20
91 to 120 9
121 to 180 8
181 to 360 9
361 to 720 2
721+ 0
Active DetailSold Detail
Residential Condo/Coop Active Listings
2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop
Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached
< $50,000 0 0 0 0 0 0 0 1 0 1
$50K to $99,999 1 0 0 0 0 0 1 0 0 0
$100K to $149,999 0 0 0 1 1 0 1 3 0 1
$150K to $199,999 3 2 7 4 0 0 1 9 6 5
$200K to $299,999 6 1 34 26 26 10 3 82 25 13
$300K to $399,999 1 0 11 2 71 1 1 215 11 1
$400K to $499,999 1 0 2 0 31 0 0 172 0 0
$500K to $599,999 0 0 0 0 8 0 0 88 0 0
$600K to $799,999 0 0 1 0 4 0 0 59 0 0
$800K to $999,999 0 0 1 0 0 0 0 13 0 0
$1M to $2,499,999 0 0 0 0 0 0 0 13 0 0
$2.5M to $4,999,999 0 0 0 0 0 0 0 0 0 0
$5,000,000+ 0 0 0 0 0 0 0 0 0 0
Total 12 3 56 33 141 11 7 655 42 21
Avg Sold Price $242,775 $218,667 $278,247 $239,240 $371,698 $256,491 $218,370
Prev Year - Avg Sold Price $161,129 $225,000 $244,673 $219,138 $366,361 $241,900 $235,750
Avg Sold % Change 50.67% -2.81% 13.72% 9.17% 1.46% 6.03% -7.37%
Prev Year - # of Solds 7 2 47 22 135 6 4
July 2016Spotsylvania County, VA
Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved.Data Source: MRIS. Statistics calculated August 04, 2016.
Sold Summary
Jul 2016 Jul 2015 % Change
Sold Dollar Volume $60,898,191 $53,113,326 14.66%
Avg Sold Price $284,571 $272,376 4.48%
Median Sold Price $264,950 $246,720 7.39%
Units Sold 214 195 9.74%
Avg Days on Market 51 63 -19.05%
Avg List Price for Solds $289,802 $276,466 4.82%
Avg SP to OLP Ratio 97.3% 96.5% 0.81%
Ratio of Avg SP to Avg OLP 96.6% 96.6% -0.03%
Attached Avg Sold Price $215,946 $188,396 14.62%
Detached Avg Sold Price $289,744 $282,512 2.56%
Attached Units Sold 15 21 -28.57%
Detached Units Sold 199 174 14.37%
Inventory
Jul 2016 Jul 2015 % Change
Active Listings 681 771 -11.67%
New Listings 308 295 4.41%
New Under Contracts 102 84 21.43%
New Contingents 117 126 -7.14%
New Pendings 219 210 4.29%
All Pendings 375 349 7.45%
Notes:SP = Sold PriceOLP = Original List PriceLP = List Price (at time of sale)Garage/Parking Spaces are not included in Detached/Attached section totals.
Financing (Sold)
Assumption 0
Cash 15
Conventional 78
FHA 68
Other 22
Owner 0
VA 31
Days on Market (Sold)
0 7
1 to 10 70
11 to 20 41
21 to 30 16
31 to 60 35
61 to 90 13
91 to 120 8
121 to 180 8
181 to 360 9
361 to 720 7
721+ 0
Active DetailSold Detail
Residential Condo/Coop Active Listings
2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop
Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached
< $50,000 1 0 0 0 0 0 0 3 4 0
$50K to $99,999 0 0 3 0 0 0 0 7 0 0
$100K to $149,999 0 1 3 1 1 0 0 14 3 0
$150K to $199,999 3 0 19 4 5 0 0 38 5 1
$200K to $299,999 7 0 50 5 39 3 0 173 15 4
$300K to $399,999 0 0 5 1 40 0 0 178 0 0
$400K to $499,999 0 0 1 0 12 0 0 90 0 0
$500K to $599,999 0 0 1 0 4 0 0 56 0 0
$600K to $799,999 0 0 0 0 3 0 0 59 0 0
$800K to $999,999 0 0 0 0 0 0 0 20 0 0
$1M to $2,499,999 0 0 0 0 2 0 0 11 0 0
$2.5M to $4,999,999 0 0 0 0 0 0 0 0 0 0
$5,000,000+ 0 0 0 0 0 0 0 0 0 0
Total 11 1 82 11 106 3 0 649 27 5
Avg Sold Price $211,923 $143,000 $226,599 $208,284 $346,667 $268,357 $0
Prev Year - Avg Sold Price $189,400 $144,650 $233,668 $185,702 $327,217 $286,665 $0
Avg Sold % Change 11.89% -1.14% -3.03% 12.16% 5.94% -6.39% 0.00%
Prev Year - # of Solds 13 6 64 12 97 3 0
July 2016King George County, VA
Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved.Data Source: MRIS. Statistics calculated August 04, 2016.
Sold Summary
Jul 2016 Jul 2015 % Change
Sold Dollar Volume $9,849,100 $11,896,377 -17.21%
Avg Sold Price $281,403 $270,372 4.08%
Median Sold Price $265,500 $265,000 0.19%
Units Sold 35 44 -20.45%
Avg Days on Market 98 68 44.12%
Avg List Price for Solds $287,256 $276,205 4.00%
Avg SP to OLP Ratio 92.2% 96.2% -4.21%
Ratio of Avg SP to Avg OLP 88.9% 101.0% -11.99%
Attached Avg Sold Price $122,450 $150,000 -18.37%
Detached Avg Sold Price $291,036 $273,172 6.54%
Attached Units Sold 2 1 100.00%
Detached Units Sold 33 43 -23.26%
Inventory
Jul 2016 Jul 2015 % Change
Active Listings 145 171 -15.20%
New Listings 57 41 39.02%
New Under Contracts 16 15 6.67%
New Contingents 18 19 -5.26%
New Pendings 34 34 0.00%
All Pendings 58 66 -12.12%
Notes:SP = Sold PriceOLP = Original List PriceLP = List Price (at time of sale)Garage/Parking Spaces are not included in Detached/Attached section totals.
Financing (Sold)
Assumption 0
Cash 5
Conventional 9
FHA 4
Other 4
Owner 0
VA 13
Days on Market (Sold)
0 0
1 to 10 7
11 to 20 3
21 to 30 3
31 to 60 9
61 to 90 5
91 to 120 1
121 to 180 0
181 to 360 5
361 to 720 1
721+ 1
Active DetailSold Detail
Residential Condo/Coop Active Listings
2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop
Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached
< $50,000 0 0 0 0 0 0 0 2 0 0
$50K to $99,999 1 0 0 0 0 0 0 2 0 0
$100K to $149,999 0 1 1 1 2 0 0 4 2 0
$150K to $199,999 0 0 2 0 0 0 0 7 0 0
$200K to $299,999 1 0 5 0 6 0 0 41 2 0
$300K to $399,999 0 0 5 0 6 0 0 39 1 0
$400K to $499,999 0 0 0 0 2 0 0 22 0 0
$500K to $599,999 0 0 0 0 0 0 0 6 0 0
$600K to $799,999 0 0 1 0 1 0 0 10 0 0
$800K to $999,999 0 0 0 0 0 0 0 1 0 0
$1M to $2,499,999 0 0 0 0 0 0 0 5 0 0
$2.5M to $4,999,999 0 0 0 0 0 0 0 1 0 0
$5,000,000+ 0 0 0 0 0 0 0 0 0 0
Total 2 1 14 1 17 0 0 140 5 0
Avg Sold Price $137,500 $100,000 $280,029 $144,900 $318,165 $0 $0
Prev Year - Avg Sold Price $227,850 $0 $224,183 $0 $319,767 $150,000 $0
Avg Sold % Change -39.65% 0.00% 24.91% 0.00% -0.50% 0.00% 0.00%
Prev Year - # of Solds 1 0 20 0 22 1 0
July 2016Caroline County, VA
Copyright © 2016 MarketStats by ShowingTime. All Rights Reserved.Data Source: MRIS. Statistics calculated August 04, 2016.
Sold Summary
Jul 2016 Jul 2015 % Change
Sold Dollar Volume $7,632,127 $7,774,450 -1.83%
Avg Sold Price $212,004 $185,106 14.53%
Median Sold Price $197,450 $172,300 14.60%
Units Sold 36 42 -14.29%
Avg Days on Market 101 86 17.44%
Avg List Price for Solds $212,706 $189,853 12.04%
Avg SP to OLP Ratio 98.8% 94.9% 4.06%
Ratio of Avg SP to Avg OLP 98.1% 94.7% 3.56%
Attached Avg Sold Price $160,950 $0 0%
Detached Avg Sold Price $215,007 $185,106 16.15%
Attached Units Sold 2 0 0%
Detached Units Sold 34 42 -19.05%
Inventory
Jul 2016 Jul 2015 % Change
Active Listings 164 215 -23.72%
New Listings 73 65 12.31%
New Under Contracts 19 21 -9.52%
New Contingents 29 23 26.09%
New Pendings 48 44 9.09%
All Pendings 94 81 16.05%
Notes:SP = Sold PriceOLP = Original List PriceLP = List Price (at time of sale)Garage/Parking Spaces are not included in Detached/Attached section totals.
Financing (Sold)
Assumption 0
Cash 3
Conventional 11
FHA 15
Other 2
Owner 0
VA 5
Days on Market (Sold)
0 2
1 to 10 5
11 to 20 7
21 to 30 2
31 to 60 6
61 to 90 4
91 to 120 0
121 to 180 2
181 to 360 5
361 to 720 3
721+ 0
Active DetailSold Detail
Residential Condo/Coop Active Listings
2 or Less BR 3 BR 4 or More BR All Residential Condo/Coop
Price Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached
< $50,000 0 0 0 0 0 0 0 3 0 0
$50K to $99,999 0 0 0 0 0 0 0 7 0 0
$100K to $149,999 1 0 6 0 0 0 0 24 0 0
$150K to $199,999 0 0 7 2 3 0 0 30 5 0
$200K to $299,999 1 0 6 0 8 0 0 50 3 0
$300K to $399,999 0 0 0 0 1 0 0 24 0 0
$400K to $499,999 0 0 1 0 0 0 0 8 0 0
$500K to $599,999 0 0 0 0 0 0 0 6 0 0
$600K to $799,999 0 0 0 0 0 0 0 3 0 0
$800K to $999,999 0 0 0 0 0 0 0 0 0 0
$1M to $2,499,999 0 0 0 0 0 0 0 1 0 0
$2.5M to $4,999,999 0 0 0 0 0 0 0 0 0 0
$5,000,000+ 0 0 0 0 0 0 0 0 0 0
Total 2 0 20 2 12 0 0 156 8 0
Avg Sold Price $181,975 $0 $198,470 $160,950 $248,073 $0 $0
Prev Year - Avg Sold Price $104,500 $0 $163,569 $0 $246,781 $0 $0
Avg Sold % Change 74.14% 0.00% 21.34% 0.00% 0.52% 0.00% 0.00%
Prev Year - # of Solds 3 0 26 0 13 0 0
