It’s time for a look at some market statistics. Let’s find out how last year’s numbers compare to what we see today.
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Today I want to take a look at a few market statistics and see how things today compare to where we were at last year.
In Prince William County, the average sales price this time last year was $337,000. This year, that number has gone up to $350,000. In 2016, Fairfax County saw an average sales price of $480,000 compared to this year’s $500,000.
Stafford County’s average sales price in 2016 was $310,000. Now in 2017, the average has gone up by $20,000—now sitting at $330,000. Loudon County saw the same amount of growth, going from $440,000 in 2016 to $460,000 in 2017.
In Culpeper County, the average sales price was $261,000 last year. In 2017 the average is now $275,000.
Warren County has also gone up slightly. The average in 2016 was $212,000 and in 2017 is now $216,000.
While this growth in average sales price has been consistent across the board in our local areas, the growth in Fauquier County specifically is impressive. There, the average sales price has gone from $358,000 in 2016 to $389,000 today.
As you can see from these numbers, we’re experiencing a steady growth of about 3% a year. This points to a healthy market, which is always a great thing.
We’re experiencing a steady growth of about 3% a year.
Lastly, I wanted to announce that our team is growing, too. If you or anyone you know has been thinking about a career in real estate, we ask that you visit our website: www.JoinTheColganTeam.com.
We’re seeking talented, motivated individuals who have what it takes to become a part of our family. Last year alone we had 800 people register on our website to help with their real estate needs.
Additionally, we are always happy to take referrals. Whether you’re looking to buy or sell, we want to help you succeed in your real estate goals.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
