Rappahannock County – Fauquier County – Madison County – Culpeper County
5 Year Sales Trends for the Heart of the Piedmont
In 2019 the number of residential, land and farm real estate transactions in the Heart of the Piedmont was up 9% compared to the prior year. 2,476 properties sold in 2019 compared to 2,267 properties in 2018. The total dollar value of real estate sales increased by 15% with $990,934,314 sold in 2019 and $858,252,289 sold in 2018.
The number of residential transactions increased by 10% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper transactions increased by 11%, 17%, 8% and 11% respectively.
Land & Farm transactions decreased by 19% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper decreased 24%, 21%, 16% and 14% respectively.
Culpeper Home Sales
KEY RESIDENTIAL MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 758 transactions in 2019 compared to 680 in 2018, an increase of 11%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 5% to $316,735 from $300,969. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 78 compared to 81, a decrease of 4%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 419 homes on the market in 2019 compared to 351 in 2018, an increase of 20%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 99% of the list price, flat with last year. |
In the fourth quarter of 2019, 178 properties sold as compared to 136 properties in the 4th quarter of 2018.
There are currently 271 residential properties for sale which is about a 5 month supply. The active listings have an average days on market of 148. The average list price of homes currently on the market is $398,953.
2018 RESIDENTIAL TRANSACTIONS 2019 RESIDENTIAL TRANSACTIONS
Culpeper Land & Farm Sales
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 82 transactions in 2019 compared to 95 in 2018, a decrease of 14%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres decreased 10% to $4,900 from $4,401. |
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AVERAGE DAYS ON MARKET | The average days on market for properties sold was 226 compared to 211, an increase of 7%. |
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ACTIVE LAND LISTINGS | There was an average of 223 properties on the market every month compared to 244 in 2018. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 91% of the list price as compared to 92% in 2018, a decrease of 1%. |
Twenty-six properties sold in the 4th quarter of 2019 as compared to 17 properties in the 4th quarter of 2018.
There are currently 192 properties for sale which is about a 25 month supply. The lots currently on the market have an average days on market of 623.
2018 LAND & FARM TRANSACTIONS BY ACREAGE
2019 LAND & FARM TRANSACTIONS BY ACREAGE
View the 2019 Market Trends Report.
View the 2018 Market Trends Report.
View the 2017 Market Trends Report
Review other Market Trends Reports: Rappahannock County – Fauquier County – Madison County – Culpeper County