About Culpeper County, VA

RE/MAX BRAVO | REMAX BRAVO | 540-891-8888 19236 Rose Hill Dr, Culpeper, VA 3BR/3BA Single Family House offered at $142,900 Year Built 1979 Sq Footage 1,239 Bedrooms 3 Bathrooms 3 full, 0 partial Floors 2 Parking Unspecified Lot Size 130,680 sqft HOA/Maint $0 per month see additional photos below PROPERTY FEATURES - Central A/C - Fireplace - Family room - Bonus/Rec room - Dining room - Basement - Balcony, Deck, or Patio - Yard ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info: RE/MAX BRAVO REMAX BRAVO 540-891-8888 For sale by agent/broker Equal Opportunity Housing Posted: Oct 23, 2009, 8:59am PDT

RE/MAX BRAVO
10401 Courthouse Rd
Spotsylvania, VA 22553
540-891-8884 (Phone)
540-891-8884 (Fax)
http://www.fredva.com/
Licensed In The State Of VA

Last week week in Culpeper County it looks like we had 13 homes that closed. I will only report 3 of those at this time as I need to learn a little more about the other ten. Why you ask? They may have been part of a paper sale from one holding company to another. It looks as if the seller of the property sold all 10 of them on the same day through the same agency representing the buyer. Nothing wrong with that but for our purposes each week we would like numbers that impact the general market. Of the three homes that closed they were all traditional home sales. NO FORECLOSED OR SHORT SALE PROPERTIES this week. Take a look at the 3 homes that closed in Culpper County for the period of April 13 -April 19, 2009 according to the Metropolitan Regional Information Service, the local MLS. The average sold price of these homes was $159,667 Average time on market was 127 days. The average list to sold price was 97.77% which means these homes were priced right in line with what the market was willing to pay. This is in stark contrast to the 1st quarter average this year of 83.65%.

If you are looking for more information on the local real estate market check out CulpeperHomeSales.com.

The first full week of April in Culpeper County started with 7 homes closing. One of these homes was traditional home sales and the remaining 6 were foreclosure properties. Take a look at the 7 homes closed in Culpper County for the period of April 6 -April 12, 2009 according to the Metropolitan Regional Information Service, the local MLS. The average sold price of these homes was $222,486. Average time on market was 155 days. The average list to sold price was 98.28% which means these homes were priced right in line with what the market was willing to pay. This is in stark contrast to the 1st quarter average this year of 83.65%.

If you are looking for more information on the local real estate market check out CulpeperHomeSales.com.

The latest Culpeper County VA real estate sales trends for March 2009 for Culpeper County VA were just released by our MRIS MLS System on April 10th. Here are the trends.

Culpeper County Virginia Real Estate Trends At a glance:

• Total Dollar Volume is off - 14.71%
• Average Sales Price is down 38.24%
• Median Sold Price is down $177,893
• Units Sold increased 38.10%
• Days on Market - decreased to 149 Days.
• Average List Price for Sold Homes Decreased -37.30%
• List Price / Sales Price Ratio 85.24%
• 358 Single family detached fee simple Culpeper VA Homes for Sale - Active Listings
• 32 Single family detached fee simple Culpeper VA Homes for Sale - 'Cntg/KO'
• 160 Single family detached fee simple Culpeper VA Homes for Sale - 'Cntg/NO KO'
• 259 Single family detached fee simple Culpeper VA Homes for Sale - 'Contract'

When I was reviewing the number of active homes for sale in Culpeper County on Monday the 6th of April, I saw something I had not seen in quite sometime. The number of active listings had dipped below 400. There were 398 to be exact. Over the past few years we have ranged from the high 500's to mid to upper 700's in daily active listings. But as the market softened and the foreclosures rose that number begin to fall. For the past 6-8 months we have been in the 400-500 range of daily active listings.

What does dipping below 400 mean? Well, it could be just a one day blip but it might be more significant to anyone looking to buy or sale a home. The number of actual foreclosed homes on the market maybe finally slowing down. There is evidence of this as the number of short sales (pre-foreclosures) has increased. This may be the first signs of some price stabilization in the market which is good news on the home value front for everyone.

The final March home sale numbers for Culpeper County should be out in the next week. With that information and following trends over the next few weeks we might be able to get a preview of where the market is headed. Any reduction in the distressed property totals in Culpeper County will be welcome news to anyone looking to sale their home. For those looking to buy, pay close attention to market conditions so that you can continue to get maximum value in your new home purchase.

If you are looking for more information on the local real estate market check out CulpeperHomeSales.com.