Looks like we hit a slow patch last week with only 4 homes closed in Culpper County the week of March 9 -15 , 2009. This of course according to the Metropolitan Regional Information Service, the local MLS.
All 4 of the homes were foreclosed properties which continue to drive both volume and price. The average close price on these 4 homes was $188,225 or 93.1% of the average list price of $198,925. Average time on market was 164 days. As I keep saying week after week, if you are in a position to buy a home the time to act is now! With all the fantastic prices and the $8,000 first-time buyer incentive there is no need to wait.
If you are looking to purchase a new home and would like to learn more about the Culpeper area market conditions give me a call at 540.672.8019. If selling your home is in your future you might want to get a Free market evaluation before you make any plans. In either case feel free to contact me and learn more about your options and opportunities in today's real estate market.
Until next time have a great day!
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