Q2 2020 Fauquier Market Trends Report

Rappahannock County  Fauquier County  –Madison County – Culpeper County

Through June 2020, the number of real estate transactions in the Heart of the Piedmont increased 1%
compared to the prior year with 1,213 properties selling in 2020 while 1,205 properties sold in the same time
period in 2019. The total dollar value of real estate sales increased by 9% with $515 million sold in 2020 and
$474 million sold in 2019.
Residential transactions increased in numbers by 1%. On a county by county basis, Fauquier and
Rappahannock were up 3% and 2% respectively while Culpeper and Madison declined by 1% and 10%. Land & Farm transactions decreased by 3%. On a county by county basis, Rappahannock was up 67% while Culpeper, Fauquier and Madison decreased by 2%, 7% and 20% respectively.

Fauquier Home Sales

KEY RESIDENTIAL MARKET INDICATORS

NUMBER OF TRANSACTIONS There were 609 transactions in 2020 compared to 590 in 2019, an increase of 3%.
 AVERAGE HOME SALES PRICE The average home sales price increased 10% from $454,209 to $501,585.
AVERAGE DAYS ON MARKET Average days on market for properties sold was 103 for both time periods.
ACTIVE RESIDENTIAL LISTINGS There was a monthly average of 67 homes on the market in 2020 compared to 77 in 2019, a decrease of 14%.
SALES PRICE TO LIST PRICE On average, homes sold for 93.4% of the list price as compared to 97.3%.

In the 2nd quarter of 2020, 336 properties sold as compared to 384 properties in the 2nd quarter of 2019.
There are currently 407 residential properties for sale which is about a 4.5 month supply. The active listings
have an average days on market of 96. The average list price of homes currently on the market is $1,001,941.

2019 RESIDENTIAL TRANSACTIONS  2020 RESIDENTIAL TRANSACTIONS

Fauquier Land & Farm Sales

KEY LAND AND FARM MARKET INDICATORS

NUMBER OF TRANSACTIONS There were 57 transactions in 2020 compared to 61 in 2019, a decrease of 7%.
 AVERAGE PRICE  PER ACRE The price per acre for raw land over 25 acres decreased 10% from $6,744 to $7,548.
AVERAGE DAYS ON MARKET Average days on market for properties sold was 163 compared to 297, a decrease of 45%.
ACTIVE LAND LISTINGS There was an average of 218 properties on the market every month compared to 261 in 2019, a decrease of 16%.
SALES PRICE TO LIST PRICE Land and farms sold for 90% of the list price as compared to 92% in 2019, a decrease of 2%.

Thirty-one properties sold in the 2nd quarter of 2020 compared to 38 properties in the 2nd quarter of 2019.
There are currently 179 properties for sale which is about a 14 month supply. The properties currently on the
market have an average days on market of 306.

2019 LAND & FARM TRANSACTIONS BY ACREAGE 2020 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 CountyCulpeper County