Warren County Market Report – March 2020

The COVID-19 situation has been a challenge to the real estate industry, but so far so good.  Extra care has been taken when showing properties.  Virtual tours are more valuable than ever to help sell properties before a purchaser even steps foot into a property.  Thankfully, real estate is still moving.

Watch this video for a quick summary of Warren County real estate for March 2020.  Charts demonstrate the changes in the market, so be sure to click play!

In general summary:

1. New Listings are UP 28.4%.
2. New Pending DOWN -11.9%.
3. Closed sales are UP 12%.
4. Average Median Sold $261,525
5. Average Days on Market 63

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: 2020 Market Stats by ShowingTime
MRIS: Statistics calculated April 2020

Jennifer Avery, Realtor
“Your Happy Home Expert”
BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
jenaveryrealtor@gmail.com | 540-683-0790
CRUM REALTY, INC | 318 S Loudoun St., Winchester, VA 22601 | 540-662-0400

Lender Tip

Mortgage Rates at Near Historic Lows!

The combination of low mortgage rates and rising prices in most areas can create great opportunities. At the very least, this is a great time to ask questions and access potentials. Range of possibilities include – purchasing a new home, refinancing, or accessing cash from the equity in your property.

Jim Gordon, Loan Officer
NMLS ID# 1728615

Alcova
Phone: 540.542.6133  | Cell: 540.729.3645
jgordon@alcova.com | alcova.com/jgordon

Insurance Tip: The Shocking Facts on Lightning, and How to Strike Back

Lightning can be destructive, but most damage can also be prevented with these steps.

• Install surge protection devices.
• Hire a professional.

Installing a lightning protection system is not a do-it-yourself task due to all of the intricacies involved in completing the job accurately.

• Seek certification.

Make sure your professional installer uses only products that bear proof of UL certification. This ensures the equipment complies with national industry standards.

• Get a second opinion.

If you move into a home with a lightning protection system in place, or you have structural repairs done to your home’s exterior that could compromise your current system, it’s wise to have your system checked out by a third-party independent follow-up inspector to ensure it still properly stands up to strikes.

• Safeguard yourself.

During a lightning storm, the inside of your home or office is the safest place to be — but you still need to practice precaution, says VanSickle. Don’t touch anything that can conduct electricity, such as:

• Electrical appliances
• Metal surfaces, such as a sliding door
• Anything connected to your plumbing system
• Anything served by gas lines, such as water heaters, ovens, furnaces and fireplaces

• Take action in an emergency.

Ellen Aders, CLU, LUTCF, LTCP
State Farm AGENT

Phone: 540.635.3336 |  ellen.aders.r5ef@statefarm.com
23 Church Street
Front Royal, Virginia 22630