Home Prices and Home Values in The Timbers February 2016
Home Prices in The Timbers|Fredericksburg, VA 22407
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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The Timbers Home Values
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The Timbers | Fredericksburg, VA Home Prices
Here's one of the biggest questions and concerns for The Timbers 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 The Timbers , 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 current inventory is on the market in The Timbers 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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The Timbers | Fredericksburg, 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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Search Home Prices and Home Values in The Timbers February 2016 Homes for Sale
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXP Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXP Realty are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
©2019 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: Apr 20, 2019 4:29:pm.
Today's Market Trends for Home Prices and Home Values in The Timbers February 2016 *
* All data pertains to single-family homes