HOMES FOR SALE IN FREDERICKSBURG VIRGINIA

Sep 17

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REPORT FOR THE MONTH OF AUGUST 2010

After having reviewed our postings for the past few months, we decided to give you a different snapshot of the housing market in Fredericksburg, VA.

In August 2009 there were 29 new listings during the month.  In 2010 there were 43 new listings announcing homes for sale in Fredericksbug Virginia.

There were 15 closed sales during August in both 2009 and 2010.  What a coincidence.

Of the 15 closed sales in August 2010, ten (10) were normal sales (not foreclosures or short sales).

One short sale closed and four foreclosures sold.

In August 2009 there were 127 single family homes on the market and in 2010 that number was 118.  This is a decrease of 7.1% which is not really significant.

An interesting figure that pops up is that the median sales price in August 2010 was $282,000.  That is an increase of 22.6% over August 2009.

However, that increase in median sales price may be influenced by the decrease (-5.4%) in the Percent of Original List Price Received at Sale.

It is truly a very mercurial real estate market we have here in Fredericksburg, VA.

You may call us at (540) 368-3900 or email us FBurgRealty@gmail.com for additional help in getting information about buying or selling a home in Fredericksburg VA