George Stockes Realtor® Culpeper Home Sales

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.

Whoa, it was close! As the days of March ticked off it looked like we would not record any sales for the month in Madison County. I checked the local mls again today and the update was a relief for all home owners in the county. At the last minute a foreclosure made it through settlement on the 30th with a closing price of $140,600. A traditional resale closed on the 31st with a sold price of $107,000. In Madison, clearing out the inventory is always a good thing for those with a home to sell now or in the near future.

If you have a question about buying or selling a home visit CulpeperHomeSales for tips, stats, and more!

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.

March went out like a lion last week in Culpeper County with 9 homes closing. Four of these homes were traditional home sales, 4 were foreclosure properties, and one was a short sale. Take a look at the 9 homes closed in Culpper County for the period of March 30 -April 5, 2009 according to the Metropolitan Regional Information Service, the local MLS. The average sold price of these homes was $221,459. Average time on market was 224 days. An unofficial look at March unit sales indicates 56 homes sold for the month in Culpeper. Check back in a week or so when we should have the official results.

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