Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.
If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!
The Virginia Associations of Realtor has published their annual review of the Virginia housing market, entitled "Pieces of Home" as shown above.
Click here to read this comprehensive report.
Other good news includes....
And.....Virginia's median sales price has increased 7.5% year-over-year. Read more in the recently released 2012-Q2 Virginia Home Sales Report.
Virginia home prices have increased 11% over the past year when comparing the May 2011 median sales price to the May 2012 median sales price.
Read this good news and more in the most recent Home Sales Report from the Virginia Association of Realtors.
From the Virginia Association of Realtors this morning....
Home sales (# of sales) and median prices are both up across Virginia!
Click the image below to download the full Virginia Home Sales Report.
From the Virginia Association of Realtors, Pace and price of home sales increase in Virginia during Q1 2012. Read on....
The First Quarter 2012 Virginia Home Sales Report has been released and brings good news for the Commonwealth! Several long-term trends indicate that Virginia's housing market is continuing to stabilize.
As shown above, the pace of home sales in the first quarter of 2012 marked an improvement over both the first quarter of 2011 and 2010.
The median residential sales price has increased 2.4% in Virginia over the past year despite a slight (-0.5%) decline over a three-year time period.
Download the full First Quarter 2012 Virginia Home Sales Report to find out more about how different regions in Virginia fared in the first quarter of 2012.
In another sign of potential stabilization of the housing market in Virginia, home sales rose 8.6% in February 2012 as compared to one year prior. This strong increase is after a 2.7% year-over-year increase in January 2012. Virginia's unemployment rate of 5.8% in January is the lowest level seen since December 2008 and provides a strong climate for growth in the housing market.
Download the full February 2012 Virginia Home Sales Report below which also highlights:
Last week, the Virginia Association of Realtors® released its 2011 Pieces of Home Housing Report including housing market data, trends, and comparisons.
BIG PICTURE: Virginia homes sales in 2011 exceeded home sales levels in 2010 despite the lack of a stimulus.
HOORAY FOR OUR LOCAL AREA: The Central Valley regions experienced the greatest increase in sales and the Northern Virginia region experienced the only decline.
View the whole report by clicking here.
Above you will see the state-by-state change in home prices over the past 12 months. The majority of states (yellow, orange, red) have seen a decline in prices over the past 12 months --- but not Virginia.
Stability in the overall housing market in Virginia is a result of overall stability in Virginia's economy and job market -- both of which positively influence our local economy and housing market as well.
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