Home Prices in Kingsmill |Williamsburg, VA 23185
Real estate market data for Fredericksburg, VA provided by Tim Crews of The Crews Team of Keller Williams Realty Fredericksburg -540-692-9144
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Kingsmill Home Values
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Kingsmill | Fredericksburg, VA Home Prices
Here's one of the biggest questions and concerns for Kingsmill homeowners: "How will the Spring and Summer months affect home sales and home values within our community"? Here's the good news, We have seen 10 straight months of listing price increases on home prices in Fredericksburg and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Kingsmill , but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Fredericksburg Virginia home on which you are making an offer.
If you are interested in how much currentinventoryisonthemarketinKingsmill you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Fredericksburg, homes have a median time of 40 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Fredericksburg has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
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Kingsmill | Williamsburg, VA Real Estate Report Summary
The number of active listings in Fredericksburg increased by 21.2% from the previous month.
The median number of days active properties have been listed is 40. This is significantly shorter than the national average.
The number of sales in November dropped by 72.4% from the previous month.
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