January—June 2021 compared to January—June 2020
KEY RESIDENTIAL MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 722 transactions in 2021 compared to 613 in 2020, an increase of 18%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 18% to $589,169 from $500,195. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 24 compared to 58, a decrease of 58%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 305 homes on the market in 2021 compared to 516 in 2020, a decrease of 41%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 99.7% of the list price as compared to 98%, an increase of 2%. |
In the 2nd quarter of 2021, 471 properties sold as compared to 339 properties in the 2nd quarter of 2020. All segments except for the under $250,000 segment increased.
There are currently 378 residential properties for sale which is about a 4 month supply. The active listings have an average days on market of 49. The average list price of homes currently on the market is $955,997.
| 2020 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY | 2021 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY |
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Fauquier Land & Farm Sales
2021 COMPARED TO 2020
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 88 transactions in 2021 compared to 57 in 2020, an increase of 54%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres increased 16% from $6,774 to $7,859. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 227 compared to 163, an increase of 39%. |
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ACTIVE LAND LISTINGS | There was an average of 211 properties on the market every month compared to 334 in 2020. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 88% of the list price as compared to 90% in 2020, a decrease of 2%. |
Forty-one properties sold in the 2nd quarter of 2021 compared to 31 properties in the 2nd quarter of 2020.
There are currently 152 properties for sale which is about a 12 month supply. The properties currently on the market have an average days on market of 235.
| 2020 LAND & FARM TRANSACTIONS BY ACREAGE | 2021 LAND & FARM TRANSACTIONS BY ACREAGE |
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