Posts Tagged ‘City of Fredericksburg’
Community Video: Fredericksburg, VA
Located to the south of Washington, DC, Fredericksburg has everything from acres of land and suburban neighborhoods to a historic downtown area. Learn more about Fredericksburg, Virginia and how it offers big city amenities while keeping its small town feel.
Avery-Hess Community Video: Fredericksburg, VA from David Tra on Vimeo.
Search for homes in Fredericksburg, and all of the DC Metro: www.averyhess.com
Fredericksburg, VA Market Report – 1/14/10
There are currently 107 homes for sale in the City of Fredericksburg. There are more than a handful available in the historic district, which provides a really good opportunity to move downtown. There are also new construction opportunites and many other resales that are in wonderful locations for great prices.
The following is a summary of the market conditions in Fredericksburg, Virginia:
| Fredericksburg | Nov-08 | Nov-09 | % Change |
| New listings | 25 | 32 | 28.0% |
| Active listings | 157 | 133 | -15.3% |
| Closed sales | 11 | 26 | 136.4% |
| Median sales price | $154,950 | $246,395 | 59.0% |
| Average DOM | 168 | 113 | -32.7% |
| Percentage of original price received |
86.7% | 88.8% | 2.4% |
Median sales prices have actually increased in the City of Fredericksburg by 59% from November of ’08 to November of ’09. However, prices have gone down $47,800 from the second quarter of ’09 to the third quarter of ’09, which is quite a decrease. The amount of listings has also gone down 15.3% from this same time last year. While prices have gone down, a decrease in inventory will help to slow the decrease in prices. The average days on market (DOM) have also decreased by 32.9%, meaning houses are moving faster now.
The City of Fredericksburg still has the lowest percentage of sales price to list price in the entire Fredericksburg area. Spotsylvania, Stafford and Caroline Counties’ percentages have improved dramatically this year, while Fredericksburg’s only increased 2.4%.
With the history, location and uniqueness of Fredericksburg, it has always been and always will be a wonderful place to live.
Market data and commentary by Amy Cherry Taylor, Business Manager and Realtor at Avery-Hess, Realtors.
Search for homes in Fredericksburg, and the rest of the DC Metro: www.averyhess.com
City of Fredericksburg, VA Market Report – 9/29/09
The following table represents the market in the City of Fredericksburg, Virginia:
| Fredericksburg | Aug-09 | Aug-08 | % Change |
| New Listings | 28 | 49 | -42.9% |
| Closed Sales | 13 | 18 | -27.8% |
| Pending Sales | 22 | 16 | 37.5% |
| Median Price | $230,000 | $306,200 | -24.9% |
| Percent of Original Price | 95.5% | 90.0% | 6.1% |
| Average DOM | 114 | 92 | 23.9% |
| Single-Family Inventory | 122 | 144 | -15.3% |
| Townhouse/Condo | 28 | 40 | -30.0% |
As with most area localities, the City of Fredericksburg is showing a year-to-date increase in pending sales due to the number of short sales in various stages of negotiation. Though not reflected in the data above, there has been a year-to-date drop in sale price of about 28% that can be attributed to the number of foreclosure sales. However, sale prices in the historic district have decreased at a lesser rate.
The percent of original listing price received at sale is showing a steady increase, indicating a reduction in inventory and increase in buyer confidence. With all things considered, now is still a great time for move-up buyers to seize the opportunity to live in this charming, historic city.
Market data, commentary and statistics provided by Judi Jones, Managing Broker, Avery-Hess, Realtors
Search for homes in Fredericksburg, and all of the DC Metro: www.averyhess.com
City of Fredericksburg, VA Market Report – 9/8/09
The following figures represent the market in the City of Fredericksburg, Virginia.
- New Listings – 41
- Closed Sales – 25
- Pending Sales – 24
- Median Price – $300,000
- Average DOM – 60
Historic City of Fredericksburg, sandwiched between Stafford and Spotsylvania Counties, is showing an increase in listings thus far in 2009. We have seen a 20.6% increase in July 2009 over July 2008, and an overall growth of 1.1% year-to-date. The July median price of $300,000 in Fredericksburg is lower than average for the larger market area and reflects a 9.6% drop from one year ago.
The average days on market dropped from 170 a year ago to just 60 in July 2009, while inventory in single-family properties has remained fairly even with only a 2.3% decline. However, there has been a 32% drop in townhome and condo properties, which suggests that the market is more active for these generally more affordable types of housing.
Market data, commentary and statistics provided by Judi Jones, Managing Broker, Avery-Hess, Realtors
Search for Homes in Fredericksburg, and all of the DC Metro: www.averyhess.com
