Warren County/Front Royal Market Report – 9/26/11
The market shows signs of improvement for Front Royal and the surrounding county.
The total revenue dollars and the average sales price is up significantly from the same period last year and continues to grow from the previous month.
| August 2011 | July 2011 | August 2010 | |
| Total Revenue | $7,943,604 | $6,671,025 | $6,177,588 |
| Average Sold Price | $176,525 | $171,052 | $140,400 |
| Units Sold | 45 | 39 | 45 |
| Average Days on Market | 133 | 114 | 112 |
| Active Listings | 432 | 432 | 470 |
| New Listings | 98 | 84 | 87 |
| Pending Sales | 110 | 109 | 92 |
Today, FHA 30 year fixed rates fell below 4%. Banks have great 203K renovation loans. It’s a great time for first time homebuyers and investors to be purchasing now.
Rates should continue to stay low for the next several months. If you’ve been waiting, now is the time.
Market data and commentary provided by Charlie Carroll, Managing Broker, Avery-Hess, Realtors.
Search for Homes in Warren County, and all the DC Metro: www.averyhess.com
