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HOW'S THE MARKET? FIRST QUARTER 2018 NEST REPORT

Augusta County Staunton Waynesboro Fishersville Stuarts Draft Harrisonburg Rockingham County


GREATER AUGUSTA MARKET ANALYSIS First Quarter 2018

Market Snapshot

FLAT

$179,000

$59.3M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 290 total sales this past quarter compared to 290 in Q1 2017. This translates to a flat year-over-year trend.

The median sales price this past quarter was $179,000 compared to $169,850 in Q1 2017.

Total sales volume this past quarter totaled $59.3 million compared to $54.4 million in Q1 2017.

102

-2%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 102 days on market before being sold.

There were 390 contracts written this past quarter compared to 398 in Q1 2017. This translates to an 2% year-over-year decrease.

Five Year Sales Trend (Total Sales)

445

499

479

438

434

400

338

326

439 332

292

357

439

468

464

448 389

358

357

290

261

290

200

Average & Median Price Trends

AVG. SALES PRICE

'18 Q1

'17 Q4

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

MEDIAN SALES PRICE

220K 210K 200K 190K 180K 170K 160K 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 Average 195,313

199,273

200,639

208,334

209,414

218,511

201,163

209,402

177,737

202,294

203,434

196,809

212,319

171,439

187,250

169,900

205,000

185,000

199,050

188,500

178,900

163,515

175,000

186,000

171,000

179,000

Median


GREATER AUGUSTA MARKET ANALYSIS First Quarter 2018

TOWNHOUSE/CONDO

SINGLE FAMILY

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

275

210,819

205,127

179,000

113

102

365

% Change

-0.72%

11.29%

11.98%

8.48%

11.99%

10.56%

-2.67%

2017 Q1

277

189,425

183,176

165,000

101

93

375

% Change

11.69%

1.09%

1.90%

1.65%

1.02%

-13.25%

19.05%

2016 Q1

248

187,380

179,765

162,325

100

107

315

TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

15

195,057

190,563

186,000

117

88

25

% Change

36.36%

-17.30%

-17.16%

-20.00%

-7.62%

-12.12%

38.89%

2017 Q1

11

235,864

230,036

232,500

126

100

18

% Change

-15.38%

17.66%

18.54%

24.43%

7.72%

-14.28%

63.64%

2016 Q1

13

200,469

194,050

186,850

117

117

11

Year-to-Date Sales by Property Type 2016

10

2017

3

10

2018

1

12

277

248 Condo

Detached

3

275 Townhouse


GREATER AUGUSTA MARKET ANALYSIS First Quarter 2018

Four Year Historical Contract Activity

2015

2016

2017

2018

200 175 150 125 100 75

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 114 84 110 113

Feb 91 107 115 115

Mar 167 136 173 162

Apr 174 150 185

May 131 163 140

Jun 146 147 160

Jul 138 152 164

Aug 166 146 148

Four Year Historical Listing Activity

2015

September October

Sep 130 120 130

2016

Oct 115 130 135

2017

November December

Nov 113 112 112

Dec 81 82 80

2018

225 200 175 150 125 100 75

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 146 94 115 123

Feb 129 99 150 130

Mar 165 159 162 152

Apr 157 166 174

May 158 159 201

Jun 137 156 150

Jul 131 148 131

Aug 131 125 164

September October

Sep 142 115 144

Oct 98 134 139

November December

Nov 96 77 96

Dec 83 76 92

3 KEY TAKEAWAYS 1. Activity in the Greater Augusta area remains consistent with no change in total sales this past quarter compared to Q1 2017. Contract activity was also comparable to Q1 2017 which is another positive sign of stability. 2. Sales prices continue to rise in our marketplace as median and average sales prices of single family homes rose more than 8% and 11% year-over-year respectively. This trend is heavily influenced declining inventory levels. 3. Listing activity remains below historical averages which is favorable to sellers considering listing their home for sale this year.


AUGUSTA COUNTY MARKET ANALYSIS First Quarter 2018

Market Snapshot

3%

$205,000

$34.2M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 149 total sales in the first half of the year compared to 144 in Q1 2017. This translates to a 3% year-over-year increase.

The median sales price this past quarter was $205,000 compared to $186,500 in Q1 2017.

Total sales volume this past quarter totaled $34.2 million compared to $29.7 million in Q1 2017.

107

8%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold ithis past quarter spent an average of 107 days on market before being sold.

There were 210 contracts written this past quarter compared to 195 in Q1 2017. This translates to a 8% year-over-year increase.

Five Year Sales Trend (Total Sales) 300 222 200

269

258 203

172

259

240

223

227

240

201

198

240

236

206

216

170

167

149

144

134 100

Average & Median Price Trends

AVG. SALES PRICE

'18 Q1

'17 Q4

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

MEDIAN SALES PRICE

250K

225K

200K

175K 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 Average 223,411

219,418

232,573

238,470

238,033

247,204

211,514

237,508

191,736

225,911

237,355

222,057

229,400

219,500

205,750

180,000

232,500

205,000

212,500

202,000

211,500

183,000

205,000

228,000

194,850

215,450

Median


AUGUSTA COUNTY MARKET ANALYSIS First Quarter 2018

TOWNHOUSE/CONDO

SINGLE FAMILY

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

142

237,586

230,475

207,450

122

108

202

% Change

1.43%

14.15%

14.60%

13.45%

15.70%

7.12%

10.38%

2017 Q1

140

208,141

201,105

182,850

106

101

183

% Change

8.53%

-2.89%

-2.24%

0.19%

-3.35%

-7.54%

9.58%

2016 Q1

129

214,338

205,712

182,500

109

109

167

TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

7

215,171

206,286

173,000

127

91

8

% Change

250.00%

-6.43%

-9.31%

-23.94%

3.17%

-50.14%

14.29%

2017 Q1

2

229,950

227,450

227,450

123

183

7

% Change

-60.00%

17.91%

18.68%

21.73%

1.19%

-7.36%

0.00%

2016 Q1

5

195,020

191,650

186,850

121

197

7

Year-to-Date Sales by Property Type 2016

2017

2018

2

5

129

6

142

140 Condo

Detached

1

Townhouse


AUGUSTA COUNTY MARKET ANALYSIS First Quarter 2018

Four Year Historical Contract Activity

2015

2016

2017

2018

120 100 80 60 40 20

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 59 44 53 64

Feb 51 60 57 63

Mar 90 71 85 83

Apr 102 82 94

May 71 77 78

Jun 81 67 82

Jul 79 79 88

Aug 92 85 88

Four Year Historical Listing Activity

2015

September October

Sep 60 70 75

2016

Oct 61 80 72

2017

November December

Nov 69 56 55

Dec 38 44 34

2018

125 100

75

50 25

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 76 49 62 69

Feb 69 56 77 68

Mar 102 77 85 76

Apr 88 91 102

May 91 80 104

Jun 74 90 80

Jul 71 80 73

Aug 75 62 89

September October

Sep 75 63 81

Oct 44 79 75

November December

Nov 48 39 51

Dec 43 38 37

3 KEY TAKEAWAYS 1. There was a slight uptick in total sales this past quarter compared to Q1 2017, which was bolstered primarily by the townhouse and condo segments in which sales increased from two sales in Q1 2017 to seven in Q1 2018. 2. The 8% year-over-year increase in contract activity this past quarter is a positive sign for sales in the second quarter which is historically the most active quarter of the year in our marketplace. 3. While average days on market were up slightly this past quarter, sales prices are trending positively for sellers with the average price per square foot increasing nearly 16% year-over-year.


STAUNTON MARKET ANALYSIS First Quarter 2018

Market Snapshot

7%

$172,700

$20.4M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 112 total sales this past quarter compared to 105 in Q1 2017. This translates to an 7% year-over-year increase.

The median sales price this past quarter was $172,700 compared to $169,900 in Q1 2017.

Total sales volume this past quarter totaled $20.4 million compared to $19.6 million in Q1 2017.

115

3%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 115 days on market before being sold.

There were 135 contracts written this past quarter compared to 131 in Q1 2017. This translates to an 3% year-over-year increase.

Five Year Sales Trend (Total Sales)

150

150

100

152

151

160

130

129 107

99

159

150

163

146

126

113

160

112

105

96

92

141

124

50

Average & Median Price Trends

AVG. SALES PRICE

'18 Q1

'17 Q4

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

MEDIAN SALES PRICE

225K 200K

175K

150K 125K 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 Average 191,040

152,370

169,181

193,874

211,869

215,794

220,012

199,104

184,980

198,761

207,113

156,990

183,152

149,900

145,450

157,000

170,000

185,900

219,900

202,500

181,550

176,500

175,000

186,000

164,000

174,000

Median


STAUNTON MARKET ANALYSIS First Quarter 2018

TOWNHOUSE/CONDO

SINGLE FAMILY

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

104

185,895

181,156

170,000

107

120

125

% Change

5.05%

-2.52%

-1.01%

3.03%

6.84%

11.10%

1.63%

2017 Q1

99

190,708

182,997

165,000

100

108

123

% Change

7.61%

14.96%

15.90%

13.40%

5.32%

2.16%

6.03%

2016 Q1

92

165,889

157,893

145,500

95

106

116

TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

8

198,125

195,100

190,950

117

58

10

% Change

33.33%

-21.26%

-20.37%

-16.07%

-13.91%

-48.82%

25.00%

2017 Q1

6

251,617

245,000

227,500

136

113

8

% Change

50.00%

59.96%

62.25%

49.18%

24.18%

-28.02%

60.00%

2016 Q1

4

157,300

151,000

152,500

110

157

5

Year-to-Date Sales by Property Type 2016

2

2017

2

5

2018

1

7

104

99

92 Condo

Detached

1

Townhouse


STAUNTON MARKET ANALYSIS First Quarter 2018

Four Year Historical Contract Activity

2015

2016

2017

2018

80 60

40

20 0

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 40 25 43 39

Feb 25 47 29 34

Mar 50 49 59 62

Apr 54 45 63

May 39 61 44

Jun 53 52 57

Jul 51 57 54

Aug 66 51 53

Four Year Historical Listing Activity

2015

September October

Sep 48 38 43

2016

Oct 40 49 50

2017

November December

Nov 40 36 43

Dec 31 33 35

2018

80 60

40

20 0

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 47 30 38 46

Feb 32 40 45 40

Mar 52 59 58 57

Apr 54 56 54

May 54 63 78

Jun 55 60 52

Jul 45 50 47

Aug 50 39 62

September October

Sep 50 40 37

Oct 45 50 46

November December

Nov 35 26 41

Dec 23 26 43

3 KEY TAKEAWAYS 1. The Staunton real estate market continues demonstrate positive signs of stability, most notably the continued steady year-over-year increase in total sales. 2. Contract activity is ramping up as we move into the second quarter with the number of contracts written in February and March this year reaching their highest total in the last four years. This is a positive indicator for total sales in the second quarter. 3. Although average sales prices in the single family segment dipped slightly at 1% year-over-year, median sales prices were up 3% year-over-year and the average price per square foot rose nearly 7%.


WAYNESBORO MARKET ANALYSIS First Quarter 2018

Market Snapshot

FLAT

$177,000

$19.6M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 90 total sales this past quarter compared to 91 in Q1 2017. This translates to a flat year-over-year trend.

The median sales price this past quarter was $177,000 compared to $154,000 in Q1 2017.

Total sales volume this past quarter totaled $19.6 million compared to $16.9 million in Q1 2017.

82

-10%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 82 days on market before being sold.

There were 123 contracts written this past quarter compared to 137 in Q1 2017. This translates to a 10% year-over-year decrease.

Five Year Sales Trend (Total Sales) 163 140

131

127

115

118

65

148

146

86

77

145 109

103

98

100

138

129

91

91

'17 Q1

140

'16 Q4

150

90

50

Average & Median Price Trends

AVG. SALES PRICE

'18 Q1

'17 Q4

'17 Q3

'17 Q2

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

MEDIAN SALES PRICE

240K 220K 200K 180K 160K 140K 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 Average 187,549

208,033

203,716

198,332

188,451

200,098

180,161

199,211

169,768

192,581

180,398

229,800

235,726

166,439

200,000

173,813

205,000

172,500

165,000

170,000

148,500

155,900

163,000

169,500

176,450

208,000

Median


WAYNESBORO MARKET ANALYSIS First Quarter 2018

TOWNHOUSE/CONDO

SINGLE FAMILY

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

85

227,294

221,292

179,900

108

79

112

% Change

-2.30%

20.18%

19.94%

16.82%

9.41%

12.58%

-14.50%

2017 Q1

87

189,132

184,503

154,000

99

70

131

% Change

8.75%

5.06%

5.73%

-8.06%

4.53%

-29.74%

43.96%

2016 Q1

80

180,030

174,496

167,500

94

100

91

TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT.

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

5

169,590

166,530

160,000

106

131

11

% Change

25.00%

-20.18%

-19.31%

-16.99%

-1.80%

69.29%

120.00%

2017 Q1

4

212,475

206,375

192,750

108

78

5

% Change

-33.33%

-7.03%

-6.57%

-6.88%

-7.02%

114.29%

25.00%

2016 Q1

6

228,533

220,883

207,000

116

36

4

Year-to-Date Sales by Property Type 2016

5

2017

1

2018

4

80

4

87 Condo

Detached

1

85 Townhouse


WAYNESBORO MARKET ANALYSIS Third Quarter 2017

Four Year Historical Contract Activity

2015

2016

2017

2018

80 60

40

20 0

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 34 34 35 38

Feb 29 24 45 38

Mar 53 38 57 47

Apr 55 55 56

May 47 53 46

Jun 39 53 56

Jul 39 43 47

Aug 43 38 40

Four Year Historical Listing Activity

2015

September October

Sep 48 33 33

2016

Oct 30 25 43

2017

November December

Nov 33 35 34

Dec 27 22 25

2018

80 60

40

20 0

2015 2016 2017 2018

January

February

March

April

May

June

July

August

Jan 47 34 33 34

Feb 51 27 63 46

Mar 46 54 50 44

Apr 44 47 56

May 45 43 52

Jun 39 47 45

Jul 43 39 34

Aug 33 40 45

September October

Sep 39 37 52

Oct 23 34 46

November December

Nov 37 21 24

Dec 30 25 25

3 KEY TAKEAWAYS 1. Total sales this past quarter were consistent with sales totals in the first quarter of 2017. This consistency and stability is a positive sign for our marketplace. 2. Sales prices in Waynesboro were up drastically year-over-year with the average sales price, median sales price, and average price per square foot increasing 20%, 17%, and 9% respectively. 3. The increase in sales prices is due primarily to the lack of inventory in our marketplace and the decline in new listings hitting the market. If inventory levels remain low, we'll likely see prices continue to rise.


FISHERSVILLE MARKET ANALYSIS First Quarter 2018

Market Snapshot

55%

$292,000

$4.8M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 17 total sales this past quarter compared to 11 in Q1 2017. This translates to a 55% year-over-year increase.

The median sales price this past quarter was $292,000 compared to $234,900 in Q1 2017.

Total sales volume this past quarter totaled $4.8 million compared to $2.5 million in Q1 2017.

151

-17%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 151 days on market before being sold.

There were 19 contracts written this past quarter compared to 23 in Q1 2017. This translates to a 17% year-over-year decrease.

Five Year Sales Trend (Total Sales) 33

32

31 30

30 28

28 26 24

23

22

21

20

17

17

'18 Q1

21

'17 Q4

24

23

22

13 11 10

9

8

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

17

293,193

283,529

292,000

132

151

19

% Change

54.55%

24.90%

24.79%

24.31%

17.33%

77.91%

-17.39%

2017 Q1

11

234,745

227,205

234,900

112

85

23

% Change

37.50%

-18.51%

-18.92%

0.71%

-4.05%

16.51%

109.09%

2016 Q1

8

288,075

280,208

233,250

117

73

11


STUARTS DRAFT MARKET ANALYSIS First Quarter 2018

Market Snapshot

20%

$204,450

$4.9M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 24 total sales this past quarter compared to 20 in Q1 2017. This translates to a 20% year-over-year increase.

The median sales price this past quarter was $204,450 compared to $168,450 in Q1 2017.

Total sales volume this past quarter totaled $4.9 million compared to $3.6 million in Q1 2017.

69

90%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 69 days on market before being sold.

There were 38 contracts written this past quarter compared to 20 in Q1 2017. This translates to a 90% year-over-year increase.

Five Year Sales Trend (Total Sales) 50

50

50

50

44 40

44

42

40

38

36

39

38

33 30

33 30

28

29

27

29 24 20

19

20

10

'18 Q1

'17 Q4

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

24

208,804

203,346

204,450

120

69

38

% Change

20.00%

12.25%

12.59%

21.37%

14.33%

2.21%

90.00%

2017 Q1

20

186,017

180,613

168,450

105

68

20

% Change

5.26%

-7.82%

-8.44%

-9.85%

0.78%

-40.44%

-33.33%

2016 Q1

19

201,800

197,269

186,850

104

113

30


ROCKINGHAM COUNTY MARKET ANALYSIS First Quarter 2018

Market Snapshot

1%

$224,900

$36.7M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 143 total sales this past quarter compared to 141 in Q1 2017. This translates to a 1% year-over-year increase.

The median sales price this past quarter was $224,900 compared to $204,900 in Q1 2017.

Total sales volume this past quarter totaled $36.7 million compared to $32.9 million in Q1 2017.

107

-3%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 107 days on market before being sold.

There were 195 contracts written this past quarter compared to 202 in Q1 2017. This translates to a 3% year-over-year decrease.

Five Year Sales Trend (Total Sales) 264 231

227

216

209 200

185

183

178

205

202

174

147

132

262 246

242

141

130

143

141

110 100

'18 Q1

'17 Q4

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

143

262,777

256,416

224,900

123

107

195

% Change

1.42%

8.61%

9.79%

9.76%

8.28%

-9.37%

-3.47%

2017 Q1

141

241,944

233,554

204,900

114

118

202

% Change

0.00%

4.15%

4.65%

5.08%

-2.68%

-10.37%

4.66%

2016 Q1

141

232,313

223,173

195,000

117

132

193


HARRISONBURG MARKET ANALYSIS First Quarter 2018

Market Snapshot

2%

$185,000

$19.8M

TOTAL SALES

MEDIAN SALES PRICE

TOTAL VOLUME

There were 95 total sales this past quarter compared to 93 in Q1 2017. This translates to a 2% year-over-year increase.

The median sales price this past quarter was $185,000 compared to $175,000 in Q1 2017.

Total sales volume this past quarter totaled $19.8 million compared to $17.3 million in Q1 2017.

58

6%

DAYS ON MARKET

CONTRACTS WRITTEN

Homes sold this past quarter spent an average of 58 days on market before being sold.

There were 116 contracts written this past quarter compared to 109 in Q1 2017. This translates to a 6% year-over-year increase.

Five Year Sales Trend (Total Sales)

164

171 160

159

153

146

150

134

155

134

134 114

109 100

90

91

82

93

91

96

95

'18 Q1

168

'17 Q4

178

50

'17 Q3

'17 Q2

'17 Q1

'16 Q4

'16 Q3

'16 Q2

'16 Q1

'15 Q4

'15 Q3

'15 Q2

'15 Q1

'14 Q4

'14 Q3

'14 Q2

'14 Q1

'13 Q4

'13 Q3

'13 Q2

'13 Q1

0

Quarterly Performance & Yearly Growth TOTAL SALES

AVG. LIST PRICE

AVG. SALES PRICE

MEDIAN SALES PRICE

AVG. $/SQ.FT

AVG. DAYS ON MARKET

CONTRACTS WRITTEN

2018 Q1

95

213,745

208,460

185,000

118

58

116

% Change

2.15%

12.31%

12.25%

12.12%

3.05%

-49.79%

6.42%

2017 Q1

93

190,313

185,704

165,000

114

116

109

% Change

2.20%

-6.91%

-5.80%

-9.84%

6.96%

-5.97%

0.00%

2016 Q1

91

204,439

197,133

183,000

107

123

109

Shenandoah Valley Q1 2018 Nest Market Report  

An overview of how the Shenandoah Valley real estate market performed in the first quarter of 2018.

Shenandoah Valley Q1 2018 Nest Market Report  

An overview of how the Shenandoah Valley real estate market performed in the first quarter of 2018.

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