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Fredericksburg, Virginia Real Estate Market Statistics June 2013
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Fredericksburg, Virginia Real Estate Market Statistics June 2013

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State of the real estate market and year to date real estate statistics in Fredericksburg, Virginia. Matthew Rathbun www.EliteScoop.com

State of the real estate market and year to date real estate statistics in Fredericksburg, Virginia. Matthew Rathbun www.EliteScoop.com

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  • 1. Fredericksburg Area Association of REALTORS® (FAAR)Monthly Market Statistics - Detailed ReportMay 2013Sold SummaryMay 2013 May 2012 % ChangeSold Dollar Volume $119,510,581 $96,863,575 23.38%Avg Sold Price $264,990 $244,605 8.33%Median Sold Price $249,900 $228,000 9.61%Units Sold 451 396 13.89%Avg Days on Market 58 74 -21.62%Avg List Price for Solds $268,565 $250,103 7.38%Avg SP to OLP Ratio 96.6% 94.6% 2.18%Ratio of Avg SP to Avg OLP 96.5% 94.1% 2.54%Attached Avg Sold Price $176,216 $145,316 21.26%Detached Avg Sold Price $275,318 $257,654 6.86%Attached Units Sold 47 46 2.17%Detached Units Sold 404 350 15.43%InventoryMay 2013 May 2012 % ChangeActive Listings 1,503 1,491 0.80%New Listings 746 627 18.98%New Under Contracts 238 204 16.67%New Contingents 304 282 7.80%New Pendings 542 486 11.52%All Pendings 1,067 1,069 -0.19%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 0Cash 59Conventional 140FHA 102Other 16Owner 1VA 133Days on Market (Sold)0 101 to 10 13911 to 20 5421 to 30 4531 to 60 7461 to 90 3591 to 120 24121 to 180 34181 to 360 33361 to 720 2721+ 1Active DetailSold DetailResidential Condo/Coop Active Listings2 or Less BR 3 BR 4 or More BR All Residential Condo/CoopPrice Ranges Detached Attached/TH Detached Attached/TH Detached Attached/TH Attached Detached Attached/TH Attached< $50,000 1 0 0 0 1 0 0 18 10 0$50K to $99,999 1 1 4 0 4 0 0 28 1 1$100K to $149,999 4 5 21 6 6 1 1 64 10 0$150K to $199,999 4 1 45 15 18 3 1 127 18 5$200K to $299,999 4 0 65 10 77 2 0 311 37 14$300K to $399,999 1 0 12 1 83 0 0 353 7 0$400K to $499,999 0 0 2 0 34 0 0 229 2 0$500K to $599,999 1 0 0 0 9 0 0 97 0 0$600K to $799,999 0 0 1 0 6 0 0 85 5 0$800K to $999,999 0 0 0 0 0 0 0 37 6 0$1M to $2,499,999 0 0 0 0 0 0 0 35 1 0$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 0Total 16 7 150 32 238 6 2 1,386 97 20Avg Sold Price $194,206 $124,271 $211,395 $188,251 $321,058 $185,106 $138,800Prev Year - Avg Sold Price $160,390 $123,262 $186,383 $154,712 $316,305 $163,167 $144,971Avg Sold % Change 21.08% 0.82% 13.42% 21.68% 1.50% 13.45% -4.26%Prev Year - # of Solds 10 13 146 25 194 3 5Source: RealEstate Business Intelligence, LLC. An MRIS company. Statistics generated on 06/05/2013.Copyright © 2013 - All Rights Reserved. Information deemed reliable, but is not guaranteed.