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

1. Fredericksburg Area Association of REALTORS® (FAAR)
Monthly Market Statistics - Detailed Report
May 2013
Sold Summary
May 2013 May 2012 % Change
Sold 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%
Inventory
May 2013 May 2012 % Change
Active 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 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 59
Conventional 140
FHA 102
Other 16
Owner 1
VA 133
Days on Market (Sold)
0 10
1 to 10 139
11 to 20 54
21 to 30 45
31 to 60 74
61 to 90 35
91 to 120 24
121 to 180 34
181 to 360 33
361 to 720 2
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 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 0
Total 16 7 150 32 238 6 2 1,386 97 20
Avg Sold Price $194,206 $124,271 $211,395 $188,251 $321,058 $185,106 $138,800
Prev Year - Avg Sold Price $160,390 $123,262 $186,383 $154,712 $316,305 $163,167 $144,971
Avg 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 5
Source: 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.