Current Market Conditions – Spotsylvania County, Virginia

Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$30K to >$500K Format

Spotsylvania County, VA
From: 02/01/2010 to 02/28/2010                Statistics generated on: 03/08/2010

Residential
Unit Sales
Number of Bedrooms
Active Listings Time on Market
Price Class 2
Or Less
3 4
or More
Condo
Coop and
Ground Rent
Residential
Condo
Coop and
Ground Rent
of Units Sold
(No. of Units)
Under $30,000 0 0 0 0 0 0 1 -30 Days 51
$30,000-$39,000 0 0 0 0 1 0 31-60 Days 15
$40,000-$49,999 0 1 0 0 0 0 61 – 90 Days 11
$50,000-$59,999 0 0 0 0 3 0 91-120 Days 6
$60,000-$69,999 0 1 1 0 3 0 Over 120 Days 20
$70,000-$79,999 0 3 0 0 6 0 Total 103
$80,000-$89,999 0 0 0 0 6 0
$90,000-$99,999 0 5 0 0 18 0 Type of Financing
of Units Sold
(No. of Units)
$100,000-$119,999 6 4 0 0 37 0
$120,000-$139,999 1 6 2 0 52 0 Conventional 26
$140,000-$159,999 1 6 3 0 59 0 FHA 38
$160,000-$179,999 1 5 10 0 75 0 VA 19
$180,000-$199,999 0 5 9 1 53 0 Assumption 5
$200,000-$249,999 0 3 5 0 129 2 Cash 15
$250,000-$299,999 0 3 12 0 127 1 Owner Finance 0
$300,000-$399,999 0 1 6 0 115 0 All Other 0
$400,000-$499,999 0 1 0 0 53 0 Unreported 0
Over $500,000 0 0 1 0 107 0 Total 103
Totals 9 44 49 1 844 3
Grand Totals 103 847
2010 2009 % Change
Total Sold Dollar Volume: $ 19,708,126 $ 23,339,570 - 15.56 %
Average Sold Price: $ 191,341 $ 222,282 - 13.92 %
Median Sold Price: $ 175,000 $ 184,500 - 5.15 %
Total Units Sold: 103 105 - 1.90 %
Average Days on Market: 66 118 - 44.07 %
Average List Price for Solds: $ 205,585 $ 254,711 - 19.29 %
Avg Sale Price as a percentage of Avg List Price: 93.07 % 87.27 %
Total Number of NEW listings
taken for the month: 205
Total Number of Properties
marked Contract for the month: 103
Total Number of Properties
marked Contingent for the month: 97
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS): 200

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2010 – Information deemed reliable, but is not guaranteed.

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