Virginia’s Southern Region Market Snapshot for April 2014

The real estate market snapshot is in for Spotsylvania County, VA the month of April 2014 for this Southern Region in Virginia. This area includes the following zip codes: 22407 & 22408 for Fredericksburg, VA; 22508 in Locust Grove, VA; 22553 & 22551 for Spotsylvania County, VA; 22567 for Unionville in Orange County, VA; 22580 for Woodford in Caroline County, VA; 22960 for Orange, VA; and 22534 for Partlow in Spotsylvania County, VA.  The market snapshot for Spotsylvania County, Virginia for April 2014 is as follows:

April 2014

For the month of April 2014, the Units Sold crept up every so slightly 1.54% from 2013’s April units of 130, to 132.  The Average Sold Price for homes reported in this Southern Region for April 2014 was $245,119 which decreased ever so slightly -1.26%  from April 2013’s $248,237. The Average Days on the Market for the month of April 2014 saw a  large increase for a fourth month in a row at 22.73% from April 2013’s 66 days to April 2014’s reported 81 days.  This prolonged pattern of days on the market still had much to do with……  The ratio of Average Sold Price to Average Original List Price maintained consistent with month’s past at 95.1%. The Average Sold Price for Detached homes sold in Virginia’s Southern Region in April 2014 was $249,444 versus $254,948 from April 2013, marking another area that saw a slight decrease of -2.16% in sold prices over last year.

Housing inventory for this Southern Region in Virginia continues to grow at 635 Active Listings for April 2014, 329 of them new listings.

The real estate market statistics for Virginia’s Southern Region for the month of April 2014 confirm that Sellers are receiving justifiable market offers on their homes. Multiple offers are making a come back and are already seeing a slight rise again as we enter Summer in Virginia’s Southern Region due to a relatively tight inventory for Buyers.  Expect to see the use of escalation clauses within contracts to be on the rise again as well.

Sign up for monthly real estate updates at HomesInFredericksburgVA.com and stay tuned for Spotsylvania County, VA’s Southern Region’s 2014 real estate snapshot to come out mid-June 2014. Sources: rbintel.com, nvar.com

Kelly Gronau Dodson

Kelly Gronau Dodson

Realtor® | e-Pro® | SRES® at Coldwell Banker Elite
REALTOR® with Coldwell Banker Elite in Locust Grove. Licensed in the Commonwealth of Virginia. If you, or someone you know needs to buy or sell a home, please give me a call! 540-287-6807
Kelly Gronau Dodson
Kelly Gronau Dodson
Kelly Gronau Dodson

Latest posts by Kelly Gronau Dodson (see all)

About Kelly Gronau Dodson

REALTOR® with Coldwell Banker Elite in Locust Grove. Licensed in the Commonwealth of Virginia. If you, or someone you know needs to buy or sell a home, please give me a call! 540-287-6807