Warren County Real Estate Market stats for July 2017

Analysis of July Real Estate Market Stats for Warren County, VA
Commentary by BETH. Associate Broker, KW-Solutions-Keller Williams Realty
(Data gathered from MRIS/MarketStats by ShowingTime)

Interview with Beth Medved Waller and Douglas Stanley
on new construction in County of Warren, VA.
A What Matters Initiative
Posted by Jennifer Avery, Jenspiration

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The fantastic seller’s market continues in Warren County, and the figures posted this month regarding July’s performance indicate that the trend should continue as we approach the fall.  July boasted a 31% increase over July 2016 in new contingent contracts ratified, and in early August there were a total of 124 pending home sales on the books (up nearly 20% from this time last year).  Of the 65 closings in July, 37 went under contract in less than 30 days on the market (with 17 ratified contracts in less than 10 days).  The average days on the market for Warren Co. sold properties in July was 69 days, a 21% improvement from last year.  Warren also saw an increase of 22% in total sold dollar volume compared to this time last year with nearly 16.5 million sold this July.   .

July activity included a 10% increase in new listings taken, which is encouraging news for buyers facing bidding wars on competitively priced properties.  The listing inventory shortage in Warren continues this month, however, with approximately 20% less homes are on the market than this time last year.

It’s not too late to get your home listed and sold before winter!  Call me for a personal consultation or to be connected with a What Matters Partner Realtor and know that calling on me will help fund “What Matters Initiatives” locally and globally. Check out www.whatmattersw2.com to learn more!

Detailed report available here