ROANOKE VALLEY MARKET SUMMARY Focus On: Bedford, Botetourt, Franklin and July 1st – September 30th 2014 Roanoke Counties and Salem and Roanoke Cities Units Sold 1,085
Average Sale Price/List Price Ratio 96.0%
1400
98.0%
$220,000
1200
$200,000
1000
96.0%
800
$180,000 $160,000
600 94.0%
400
$140,000 $120,000
200 0
92.0%
$100,000
Up 0.6% Vs. Year Ago
Down 5.5% Vs. Year Ago 1200 1100 1000 900 800 700 600 500 400 300 200 100 0
Average Sale Price $210,261
Units Sold Q3/2013
371 343
No Change Vs. Year Ago
Units Sold
1148 1085
There was a decrease in total units sold in the third quarter, with 1,085 sold this quarter versus 1,148 in the third quarter of last year, a decrease of 5.5%.
Q3/2014
299 269 169174
99 110
86 77
9 0
115112
This quarter’s total units was greater than last quarter, an increase of 0.7%.
% of Total Market
FROM $600,000 TO $749,999 2.0%
Units Sold LESS THAN $150,000 FROM $300,000 TO $449,999
600 500 400 300
435
472
LESS THAN $150,000 40.3%
341
200 100
507
446
FROM $450,000 TO FROM $150,000 TO $299,999 $599,999 3.3% FROM $300,000 TO 432 $449,999 10.4%
91
124 111
FROM $150,000 TO $299,999 44.1%
0 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Information included in this report is based on data supplied by Roanoke Valley MLS, and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of the Roanoke Valley MLS or Long & Foster Real Estate, Inc."
ROANOKE VALLEY MARKET SUMMARY Focus On: Bedford, Botetourt, Franklin and July 1st – September 30th 2014 Roanoke Counties and Salem and Roanoke Cities Average Sale Price
$350,000
AVERAGE SALE PRICE
$300,000
ROANOKE ROANOKE CITY
$250,000
FRANKLIN
$200,000
BEDFORD BEDFORD CITY
$150,000
SALEM
$100,000
BOTETOURT
$50,000 $0 Q3/2012
Q4/2012
Q1/2013
Q2/2013
Q3/2013
Q4/2013
Q1/2014
Sale/List Price Ratio
Q2/2014
Q3/2014
Average Sale Price
98.0%
$250,000 $200,000
96.0%
$150,000 94.0%
Q3/2013 $210,402
Q3/2014 $210,261
$100,000
92.0%
$50,000 $0
Average Days On Market 150 115 100
50
0
115
121
107
103
103
112
101
102
Days on Market This quarter, the average number of days on market was 102, similar to the average in the third quarter of last year, which was 103.
Information included in this report is based on data supplied by Roanoke Valley MLS, and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of the Roanoke Valley MLS or Long & Foster Real Estate, Inc."