Funkhouser Real Estate Group 2023 Annual Report by Funkhouser Real Estate Group

SHENANDOAH VALLEY 2023 YEAR END

REAL ESTATE REPORT

IN T HIS I SSU E About Funkhouser Real Estate Group FREG In 2023 2023 In Review Executive Summary Rockingham County Harrisonburg City

04 06 07 08 10 12

Shenandoah County Page County Augusta County Staunton City Waynesboro City

14 16 18 20 22

Welcome to the Shenandoah Valley 2023 Year End Real Estate Report. In this edition you will find a complete analysis of the state of the real estate market in the Shenandoah Valley. With sold statistics and market trends, our report will guide you through the details that matter most to buyers, sellers, and investors.

JOE FUNKHOUSER PRESIDENT CRB, DSA, REALTOR®,

We are dedicated to providing accurate and up-to-date information to ensure that you are equipped to make informed decisions about our real estate market. When it is time to buy or sell real estate in the Shenandoah Valley, I invite you to turn to our team of professionals to Guide You Through Every Move!

Funkhouser Real Estate Group was founded

in 1975 by Joe Funkhouser on the principles of honesty, integrity, and professionalism. Since the beginning, Joe embarked on a journey to address the growing demand for comprehensive real estate services throughout the Shenandoah Valley. Our company has flourished over the past 49 years, expanding to nearly 80 associates with four offices in Virginia (Harrisonburg, Elkton, Luray, Woodstock) and recently expanding to Franklin, West Virginia.

Two generations of being locally owned and operated.

(Kemper Funkhouser, Sallie Funkhouser, Joe Funkhouser, Elizabeth F. Kistler)

ABOUT FUNKHOUSER REAL ESTATE GROUP

Today, the Funkhouser Real Estate Group family continues a tradition of local leadership by striving to create a thriving and vibrant community for residents.

Recognizing the investment of real estate in the lives of our clients, we prioritize equipping our associates with cutting-edge tools, advanced technology, and top-notch education. We strive to empower clients with informed decisions and to offer professional guidance throughout each transaction.

OUR MISSION Funkhouser Real Estate Group provides professional and innovative real estate guidance to our communities.

O U R VA L U E S INTEGRITY - We treat clients, fellow REALTORS and the community with honesty and are

guided by a strong moral compass. We follow the Golden Rule and do what we say we will do.

EXPERTISE - We are focused on mastering the knowledge of real estate. We seek opportunities

to learn and are willing to share this knowledge with fellow associates.

INNOVATION - We work to find new ideas and methods to improve our business. We study

trends in the industry and take action to implement ideas to the benefit of our clients and our business.

PROFESSIONALISM - We conduct our business in a manner that attracts respect from clients,

fellow REALTORS and the community. We operate our business with an adherence to the Code of Ethics, demonstrate competence, and are trustworthy.

COMMUNITY - We have a heart for our communities and invest resources improving the lives

of others. We provide our communitites with leadership, volunteerism and other contributions.

PRIMARY MARKETS SERVED • • • • • • • • • • • • • • • •

Augusta County Bridgewater Broadway Bryce Resort Craigsvillle Crimora Dayton Edinburg Elkton Fishersville Grottoes Harrisonburg Luray Massanutten Resort McGaheysville Mount Crawford

• • • • • • • • • • • • • • • •

Mount Jackson New Market Page County Rockingham County Shenandoah County Shenandoah Stanley Staunton Strasburg Stuarts Draft Timberville Toms Brook Verona Waynesboro Weyers Cave Woodstock

WOODSTOCK SHENANDOAH COUNTY ROCKINGHAM COUNTY

LURAY PAGE COUNTY

HARRISONBURG AUGUSTA COUNTY

ELKTON

STAUNTON WAYNESBORO

OFFICE LOCATIONS HARRISONBURG

LURAY

WOODSTOCK

ELKTON

401 University Boulevard Harrisonburg, Virginia 22801 1105 Hisey Avenue Woodstock, Virginia 22664

7 Campbell Street Luray, Virginia 22835 14016 Spotswood Trail Elkton, Virginia 22827

FRANKLIN

79 Maple Avenue Franklin, West Virginia 26807

OUR SERVICES Residential Brokerage

Commercial Brokerage

Residential Leasing

Commercial Leasing

Property Management

Land & Farm Brokerage

Development

Relocation 5

FREG IN 2023

Licensed Associates

5:1

Ratio of Sales Associates to Leadership & Staff Members

Company Designations

Over

1,100 Clients Served

17 Associate Brokers 6

8 OUT OF 13 Leadership and Staff Members are Licensed

6TH

In The Real Estate Business

175

Years of Real Estate Experience on Leadership Team

DECADE

50 NET PROMOTER SCORE

Education Sessions for Associates

While 2023 brought about many challenges in the real estate market, our firm stayed focused on providing expert guidance to our clients and enhanced tools, support and education to our associates. We take immense pride in the work of our associates and their commitment to our clients. Throughout the year, we prioritized educational opportunities to keep our associates informed on the latest market trends and industry information to better serve our clients.

FREGCon23 - Our eleventh annual education conference featured presentations from Jay

Langston, Ph.D., Executive Director of Shenandoah Valley Partnership, who shared valuable insights into the economic and business development of the Shenandoah Valley. We were honored to also have Mark Given, founder of The Trust Based Philosophy, as our keynote speaker. The conclusion of our conference was marked by a spectacular dinner dedicated to recognizing and celebrating the outstanding achievements of our associates throughout the year.

New Woodstock Office - Nearly two years of planning created the opportunity to relocate our

Woodstock office to a new building, providing our associates with state of the art facilities to meet the needs of today’s real estate professional. The multi-use conference space allows associates to welcome clients to discuss their real estate goals and host meetings for community organizations.

Community - Our community events encompassed a variety of activities and sponsorships, including parades, trunk or treats, United Way’s Day of Caring, Home Instead’s Be a Santa to a Senior, and numerous other initiatives supporting organizations throughout the Valley.

While our core values remain anchored in honesty, integrity, and professionalism, we also emphasize the importance of family and fun. Throughout the year, we organized various events for our associates to come together, fostering camaraderie, networking opportunities, and moments of relaxation. Festivities like Oktoberfest and holiday gatherings with associates and their families added a touch of joy and unity to our shared experiences. As we reflect on the accomplishments and growth of 2023, we look forward to building on these foundations in the years to come, continuing to thrive as a community-driven and excellence-focused real estate group.

2023 IN REVIEW 7

Home Sales Home sales slipped on average 19.3% across the local market area this past year. In comparison, the National Association of REALTORS reported existing home sales nationwide were down 6.2% year over year. The Virginia REALTORS reported home sales were down 20% statewide. While some may conclude there is less buyer demand due to higher interest rates, our firm believes the drop in home sales is primarily a symptom of low housing inventory as 14% fewer listings came on the market from the previous year.

3,692

3,978 19.6%

4,664

4,357 21.0% 18.3%

14.8%

3.3%

-5.4 %

-2.9%

4,363 -10.7% -25.1%

9.5% 11.9%

12.9%

1.4%

-6.1%

3,520

Page County (Luray) Shenandoah County (Woodstock)

-22.1%

Rockingham County (Harrisonburg)

7.9%

2.1%

11.1%

-9.6%

-15.6%

Augusta County

(Staunton & Waynesboro) Data Source: Paragon MLS (Harrisonburg-Rockingham Association of REALTORS®) & Bright MLS (Massanutten Association of REALTORS®)

Home Prices EXECUTIVE SUMMARY

Median home prices have increased at historic rates over the past five years. A typical market may experience annual rate increases between 3% to 4%. Most of the local market area saw double digit increases every year since 2020. In comparison, home prices increased nationally by 4.4% and 4.0% statewide.

10.0 % 11.1 10.2% 9.9%

5.1%

14.5

6.8% 1.8%

13.0% 13.9%

7.5% % 12.5 % 9 . 13

% 11.1 % 12.0 8.7%

15.7%

Data Source: Paragon MLS (Harrisonburg-Rockingham Association of REALTORS®) & Bright MLS (Massanutten Association of REALTORS®)

8.9% 7.8%

-.7%

Rockingham County (Harrisonburg) Augusta County (Staunton & Waynesboro) Shenandoah County (Woodstock) Page County (Luray)

Mortgage Rates The 30 year primary mortgage rate had a steady climb throughout the year and peaked at 7.79% in October. Due to less inflation pressure and positive signs of stability from the Federal Reserve, rates quickly fell through November and December to end the year at 6.61%. Increasing interest rates, a low supply of housing, and increasing home prices weighed heavily on buyers throughout the year. 7.79%

6.61% 6.48%

4.51% 3.72% 3.22% 2.65%

2020

2019

2021

2022

2023

Data Source: Freddie Mac Primary Mortgage Market Survey

Mortgage Application Index The Mortgage Bankers Association has tracked weekly primary purchase mortgage applications nationwide since 1990 and set the index at 100 at that time. The index shows 2023 had the lowest volume of applications over the past five years. In fact, November 1, 2023, recorded an index of 125 the lowest since January 1, 1995, when the index was 122 and just prior to a boom in applications that lastest over a decade.

314

277

219

160

1-Oct-23

1-Nov-23

1-Sep-23

1-Jul-23

1-Aug-23

1-Jun-23

1-Apr-23

1-May-23

1-Jan-23

1-Feb-23 1-Mar-23

1-Dec-22

1-Oct-22

1-Nov-22

1-Sep-22

1-Jul-22

2023 1-Aug-22

1-Jun-22

1-Apr-22

1-May-22

1-Jan-22

1-Feb-22 1-Mar-22

1-Dec-21

1-Oct-21

1-Nov-21

1-Sep-21

1-Jul-21

2022 1-Aug-21

1-Jun-21

1-Apr-21

1-May-21

1-Jan-21

1-Feb-21 1-Mar-21

1-Dec-20

1-Oct-20

1-Nov-20

1-Sep-20

1-Jul-20

2021 1-Aug-20

1-Apr-20

1-May-20

1-Mar-20

1-Jan-20

1-Feb-20

1-Dec-19

1-Oct-19

1-Nov-19

1-Sep-19

1-Jul-19

1-Aug-19

1-Jun-19

1-Apr-19

1-May-19

1-Jan-19

1-Feb-19 1-Mar-19

Data Source: U.S. Mortgage Bankers Association of America

1-Jun-20

2020

2019

149

1-Dec-23

263

ROCKINGHAM COUNTY

Rockingham County is characterized by its stunning landscapes and historic charm. The county offers a perfect blend of rural tranquility and modern amenities. Rockingham County has a rich agricultural heritage and diverse outdoor activities, providing a welcoming experience for residents and visitors alike.

Population: 84,149 Median Household Income: $67,484 Unemployment Rate: 2.5% Major Employers: Great Eastern Resort, Sentara Healthcare, Rockingham County Public Schools, Cargill Meat Solutions Real Estate Taxes: $0.68 per $100 assessed value

Monthly Home Sales

January

February

March

April

Monthly Home Sales

May

June

Detached

July

August September October November December

Attached

All Residential

2022

2023

% Change

# of Sales

1,146

921

-19.6%

# of Sales

848

Median Price

$311,000

$338,000

8.7%

Median Price

$329,840

Median DOM

40.0%

Median DOM

$395,422,905

$338,082,178

-14.5%

$ Volume

$310,109,8

Lowest Priced Sale

$30,000

$58,500

95.0%

Lowest Priced Sale

$30,000

Highest Priced Sale

$1,250,000

$1,510,500

20.8%

Highest Priced Sale

$1,250,00

$ Volume

Detached Residential

2022

January January February February MarchMarch April April May May June June July July August August September September October October November November December December

Detached DetachedAttached Attached

All Residential

January

February

March

April

May

June

Detached

All Residential All Residential

# of Sales # of Sales All Residential

July

Detached Residential

August September October November December

Attached

Detached Detached Residential Residential

20222022

20232023

% Change % Change

1,1461,146

921 921

-19.6% -19.6%

$311,000 Median Median PricePrice $311,000 2022

Monthly $338,000 Home $338,000 8.7%8.7% 2023 %Sales Change 40.0% 7 7 40.0% 921 -19.6%

# of Sales # of Sales Detached Residential

20222022

20232023

% Change % Change

848 848

705 705

-16.9% -16.9%

$353,470 $353,470 2023 6 6 705

7.2%7.2% % Change 0.0%0.0% -16.9%

$329,840 Median Median PricePrice $329,840 2022

5 5 Median #Median ofDOM SalesDOM 1,146 $395,422,905 $338,082,178 $338,082,178 $ Volume$395,422,905 $ Volume $311,000 $338,000 Median Price $30,000 $30,000 $58,500 Lowest Priced Sale Lowest Priced Sale 5 7$58,500 Median DOM

-14.5% 8.7%-14.5% 95.0% 40.0%95.0%

$1,250,000 $1,250,000 Highest Priced Highest Priced Sale Sale $395,422,905 $ Volume 1,6741,674 # ofSale Listings $30,000 of Listings Lowest#Priced

$1,510,500 $1,510,500 $338,082,178 1,4001,400 $58,500

20.8% 20.8% -14.5% -16.4% -16.4% 95.0%

$1,250,000 $1,250,000 Highest Highest Priced Priced Sale Sale $310,109,880 $ Volume

$1,510,500

20.8%

Highest Priced Sale

$1,250,000

Closed Closed Sales Sales By Price By Price RangeRange January February March 1,674 April # of Listings

May1,400 June

Attached Residential 20222022

$0 toAttached $0 $99k to $99k Closed Sales By Price Range Residential $100k $100k to $199k to $199k $200k $200k toResidential $299k to $299k $0 toAll $99k # of Sales $300k $300k to $399k to $399k $100k to $199k Median Price

# ofDOM Sales $400k $400k to $299k $499k to $499k $200k to Median Median Price $500k $500k to $399k $599k to $599k $300k to $ Volume Median DOM $600k $600k to $499k $699k toPriced $699k $400k to Lowest Sale $ Volume $700k $700k to $799k to $799k $500k to $599k Highest Priced Sale

Lowest Sale $800k $800k to $699k $899k $899k $600k to #toPriced of Listings Highest $900k $900k to $799k $999k toPriced $999kSale $700k to of Listings $1M $1M toto$1.49M to#$1.49M $800k $899k $1.5M $1.5M to $1.99M to $900k to $999k$1.99M

80 2022 80 2022 421 421 6 298

2022 381 381 80 $289,025 1,146 127 127 421 5

$311,000 63 63 381 $85,313,025 5 20 20 127 $155,000

20232023 Detached 8 8

46 2023 46 2023 207 207 8 216

$338,000 65 65 405 $70,765,695 7 28 28 134 $177,000

$395,422,905 22 22 63 $495,000 $30,000 10 503 10 20

$338,082,178 16 16 65 $625,000 $58,500 4 411 4 28

10 1,674 10 10 0 0 6

3 43 1,400 1 1 4

$1,250,000 6 6 22

$1,510,500 4 4 16

Closed Sales By Price Range

$2M+$2M+ $1M to $1.49M

0 10

$1.5M to $1.99M $0 to $99k $2M+ $100k to $199k

0 0

0 2022 6 80

30 1 0

% Change % Change Attached 33.3% 33.3%

%10.7% Change 6.3% 6.3% -42.5% -19.6% 5.5%80.0% 5.5% -50.8%

$1,510,500

20.8%

Closed Sales By Town

-15.5% % Change % Change

Bridgewater Bridgewater Closed Sales By Town

71 71

59 59

-16.9% -16.9%

Broadway Broadway

90 90 2022 40 71 40

83 83 2023 36 36 59

-7.8% % -7.8% Change -10.0% -10.0% -16.9%

$329,840 98 98 109 6 20 134 20

$353,470 107 107 88 8 43 68

9.2%7.2% 9.2% -19.3% 0.0% -60.0% -60.0% -67.9%

$1,510,500 44 989

4.8%20.8% -15.5%

Detached Dayton Dayton Residential Bridgewater Elkton Elkton Broadway

Grottoes Grottoes # of Sales Dayton

20.8% -33.3% -33.3% -27.3% -16.4% -70.0% -70.0% -60.0%

Highest Priced Sale Timberville # of Listings

20.8% 20.8% -13.8% -15.5% -15.5% 95.0%

989 20232023

Median Price McGaheysville McGaheysville Elkton Median DOM Mt. Crawford Mt. Crawford Grottoes

95.0% -60.0% -60.0% 40.0% -18.3%

-13.8% 7.2%-13.8% 95.0% 0.0%95.0%

$1,510,500 $1,510,500 $267,316,483 989 989 $58,500

$1,250,000 20222022

8.7% 3.2% 3.2% 6.3% -17.1% 40.0% 40.0% 40.0% 5.5%14.2% -14.5% -27.3% -27.3% 3.2% 26.3%

100.0% 100.0% -33.3% 0.0%0.0% -70.0% % Change 100.0% 33.3% 0.0% -42.5%

0 2023

1,1711,171 of Listings # ofSale Listings $30,000 Lowest#Priced

Closed Closed Sales Sales By Town By Town July -16.4%August September October 1,171 # of November Listings December

%-42.5% Change %-42.5% Change -50.8% -50.8% 33.3% -27.5%

2023 405 405 46 $319,945 921 134 134 207 9

6 6 Median 848 #Median ofDOM SalesDOM $310,109,880 $267,316,483 $267,316,483 $ Volume $ Volume$310,109,880 $329,840 $353,470 Median Price $30,000 $30,000 $58,500 Lowest Lowest Priced Priced Sale Sale 6 6$58,500 Median DOM

$ Volume Timberville Timberville McGaheysville Lowest Priced Sale Mt. Crawford

109 109 90 2022 848 134 40 134

88 2023 88 83 705 43 43 36

$310,109,880 42 42 98 20$30,000

$267,316,483 44 44 107 8$58,500

$1,250,000 42 1,171

%-19.3% Change -19.3% -7.8% -16.9% -67.9% -67.9% -10.0%

-13.8% 4.8% 4.8% 9.2% 95.0% -60.0%

Closed Sales By Town

2022

2023

% Change

Bridgewater

-16.9%

Broadway

-7.8%

-10.0%

$200k to $299k

421

207

-50.8%

Dayton

$300k to $399k

381

405

6.3%

Elkton

109

-19.3%

$400k to $499k

127

134

5.5%

Grottoes

134

-67.9%

$500k to $599k

3.2%

McGaheysville

107

9.2%

$600k to $699k

40.0%

Mt. Crawford

-60.0%

$700k to $799k

-27.3%

Timberville

4.8%

$800k to $899k

-60.0%

$900k to $999k

-33.3%

$1M to $1.49M

-70.0%

$1.5M to $1.99M

100.0%

$2M+

0.0%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Harrisonburg-Rockingham Association of REALTORS® Multiple Listing Service

HARRISONBURG CITY

Harrisonburg is a vibrant city known for its diverse cultural scene and thriving downtown area. Harrisonburg combines academic excellence with a lively atmosphere, offering residents and visitors a mix of educational opportunities, outdoor recreation, and a welcoming community spirit.

Population: 51,158 Median Household Income: $67,484 Unemployment Rate: 2.8% Major Employers: James Madison University, Harrisonburg City Public Schools, Aramark Campus LLC, City of Harrisonburg Real Estate Taxes: $0.96 per $100 assessed value

Monthly Home Sales

January

February

March

April

Monthly Home Sales

May

June Detached

July

August

Attached

All Residential

Detached Residential

2022

2023

% Change

# of Sales

425

301

-29.2%

# of Sales

214

Median Price

$255,000

$282,000

10.6%

Median Price

$323,000

Median DOM

0.0%

Median DOM

$116,044,217

$89,864,334

-22.6%

$ Volume

$72,736,47

Lowest Priced Sale

$96,000

$100,000

4.2%

Lowest Priced Sale

$96,000

Highest Priced Sale

$700,000

$950,000

35.7%

Highest Priced Sale

$700,000

$ Volume

September October November December

2022

January January February February MarchMarch April April May May June June July July August August September September October October November November December December Detached Detached Attached Attached

All Residential

Detached Residential

All Residential All Residential

# of Sales # of Sales

Detached Detached Residential Residential

20222022

20232023

% Change % Change

425 425

301 301

-29.2% -29.2%

Median Median PricePrice $255,000 $255,000 Median Median DOMDOM

Monthly Home10.6% Sales $282,000 $282,000 10.6%

$ Volume $ Volume$116,044,217 $116,044,217

0.0%0.0%

$89,864,334 $89,864,334

-22.6% -22.6%

# of Sales # of Sales

20222022

20232023

% Change % Change

214 214

160 160

-25.2% -25.2%

$341,000 $341,000

5.6%5.6%

Median Median PricePrice $323,000 $323,000 Median Median DOMDOM

$ Volume $ Volume$72,736,475 $72,736,475

$58,949,263 $58,949,263

16.7% 16.7% -19.0% -19.0%

Lowest Lowest Priced Priced Sale Sale $96,000 $96,000

$100,000 $100,000

4.2%4.2%

Lowest Lowest Priced Priced Sale Sale $96,000 $96,000

$105,500 $105,500

9.9%9.9%

Highest Highest Priced Priced Sale Sale $700,000 $700,000

$950,000 $950,000

35.7% 35.7%

Highest Highest Priced Priced Sale Sale $700,000 $700,000

$950,000 $950,000

35.7% 35.7%

326 326

-27.4% -27.4%

224 224

180 180

-19.6% -19.6%

Closed Closed Sales Sales By Town By Town September October November December 2022 2022

2023 2023

% Change % Change

# of Listings # of Listings

449 449

Closed Closed Sales Sales By Price By Price Range Range January February March

Attached Residential April

20222022

Residential $0 toAttached $0 $99k to $99k

$100k $100k to $199k to $199k All Residential # of Sales $200k $200k to $299k to $299k

117 2022 117 159 210 159 2022 $199,200 92 92

Median $300k $300k to $399k to $399kPrice # ofDOM Sales Median $400k $400k to $499k to $499k

Median Price $ Volume $500k $500k to $599k to $599k Median DOM Lowest $600k $600k to $699k toPriced $699kSale $ Volume Highest Sale $700k $700k to $799k toPriced $799k Lowest Sale # Priced of Listings $800k $800k to $899k to $899k Highest Priced Sale $900k $900k to $999k to $999k of Listings $1M $1M to $1.49M to#$1.49M

5 33 425 33 $255,000 $43,307,742 15 15 64 4$97,500

$116,044,217 2$375,000 2 $96,000 225 0 0 0$700,000 0 0 449 0

May

June

July

20232023 0

Detached

55 2023 55 119 141 119 2023 $215,000 74 74

4 29 301 29 $282,000 $30,915,071 16 16 64 4$100,000

$89,864,334 2$575,000 2 $100,000 146 0 0 2$950,000 2

August

% Change % Change Attached

-100.0% -100.0% %-53.0% Change -53.0% -32.9% -25.2% -25.2% %-19.6% Change 7.9% -19.6% -29.2% -20.0% -12.1% -12.1% 10.6% -28.6% 6.7% 6.7% 2.6% 0.0%0.0% 0.0%

-22.6% 53.3% 0.0% 0.0% 4.2% -35.1% 0.0%0.0%

0 326 0

35.7% 200.0% 200.0% -27.4% 0.0%0.0%

Closed Sales By Price Range

$1.5M $1.5M to $1.99M to $1.99M

0.0%0.0%

$2M+$2M+

0 2022

0 2023

0.0%0.0% % Change

Closed Sales By Price Range

# of Listings # of Listings

#DIV/0! #DIV/0!

0 0 Detached Residential 0 0

#DIV/0! #DIV/0!

214 0

160 0

#DIV/0! #DIV/0!

# of0Sales0

Median0Price0

Median 0DOM0

0 2022 0

$323,000 0 0

0 2023 0

$341,000 0 0

%#DIV/0! Change #DIV/0! -25.2% 5.6%

#DIV/0! #DIV/0!

16.7% #DIV/0! #DIV/0!

$ Volume 0 0

$72,736,475 0 0

$58,949,263 0 0

Highest Priced Sale

$700,000

$950,000

35.7%

224

180

-19.6%

Lowest Priced Sale # of Listings

$96,000

$105,500

-19.0% #DIV/0! #DIV/0! 9.9%

Closed Sales By Town 2022

2023

% Change

$0 to $99k

-100.0%

#DIV/0!

$100k to $199k

117

-53.0%

#DIV/0!

$200k to $299k

159

119

-25.2%

#DIV/0!

$300k to $399k

-19.6%

#DIV/0!

$400k to $499k

-12.1%

#DIV/0!

$500k to $599k

6.7%

#DIV/0!

$600k to $699k

0.0%

#DIV/0!

$700k to $799k

0.0%

#DIV/0!

$800k to $899k

0.0%

$900k to $999k

200.0%

$1M to $1.49M

0.0%

$1.5M to $1.99M

0.0%

$2M+

0.0%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Harrisonburg-Rockingham Association of REALTORS® Multiple Listing Service

SHENANDOAH COUNTY

Shenandoah County is a haven for outdoor enthusiasts and those seeking a tranquil retreat. In the midst of natural beauty with its charming small towns, historic sites, and scenic landscapes, it is surrounded by the stunning Blue Ridge and Allegheny Mountains.

Population: 44,968 Median Household Income: $58,609 Unemployment Rate: 2.7% Major Employers: Valley Health, Shentel, Andros Foods North America, Carmeuse Lime & Stone Real Estate Taxes: $0.58 per $100 assessed value

Monthly Home Sales

January

February

March

Monthly Home Sales

April

May

June

Detached

July

August

October

November

December

Attached

All Residential

Detached Residential

2022

2023

% Change

# of Sales

778

572

-26.5%

# of Sales

612

Median Price

$280,000

$305,750

9.2%

Median Price

$300,000

Median DOM

25.0%

Median DOM

$235,541,737

$184,377,141

-21.7%

$ Volume

$199,863,1

Lowest Priced Sale

$40,000

$55,000

37.5%

Lowest Priced Sale

$40,000

Highest Priced Sale

$1,340,000

$900,000

-32.8%

Highest Priced Sale

$1,340,00

865

684

-20.9%

# of Listings

$ Volume

September

# of Listings

2022

696

January January February FebruaryMarchMarch April April May May June June

July July AugustAugust September September October October November November December December

Detached DetachedAttached Attached

All Residential

January

February

March

April

May

June

Detached

All Residential All Residential

# of Sales # of Sales All Residential

July

Attached

% Change % Change

778 778

572 572

-26.5% -26.5%

Highest Highest Priced Priced Sale Sale $1,340,000 $1,340,000 $ Volume $235,541,737 of Listings # ofSale Listings $40,000 865 865 Lowest#Priced

$900,000 $900,000 $184,377,141 684 684 $55,000 $900,000

March865

May 684

April

Attached Residential

$100k $100k to $199k to $199k

141 2022 141 2022 294 294 11 166

93 2023 93 2023 169 169 8 105

Lowest Sale $800k $800k to $699k $899k $899k $600k to #toPriced of Listings Highest $900k $900k to $799k $999k toPriced $999kSale $700k to

of Listings $1M $1M toto$1.49M to#$1.49M $800k $899k $1.5M $1.5M to $1.99M to $900k to $999k$1.99M

2022 206 206 141 $215,000 778 64 64 294 6

$280,000 32 32 206 $35,678,567 8 15 15 64$83,000

$235,541,737 4$435,000 4 32 $40,000 4 169 4 15 $1,340,000 43 3 4 44 865 0 0 3

2023 182 182 93 $203,000 572 67 67 169 6

$305,750 29 29 182 $23,144,080 10 8 8 67$90,000

$184,377,141 9$400,000 9 29 $55,000 5 85 141 2 92$900,000 684 0 0 5

Closed Sales By Price Range Closed Sales By Price Range

$2M+$2M+ $1M to $1.49M

$1.5M to $1.99M $0 to $99k $2M+ $100k to $199k

0 0

0 2022 11 141

20 00 0 0

0 2023

% Change % Change

467 467

-23.7% -23.7%

$280,000 $280,000 2023 13 13 467

-6.7% % -6.7% Change 62.5% 62.5% -23.7%

Median 8 8 #Median ofDOM SalesDOM 612 $ Volume $ Volume$199,863,170 $199,863,170 $161,233,061 $161,233,061 Median Price $300,000 $280,000 Lowest Lowest Priced Priced Sale Sale $40,000 $40,000 $55,000 Median DOM 8 13$55,000

-32.8%

Highest Priced Sale

% Change % Change Attached -27.3% -27.3%

%-11.7% Change -11.7% -34.0% -5.6% -26.5% 4.7%0.0% 4.7% -42.5% 9.2% -9.4% -9.4% -11.7% -35.1% 25.0% -46.7% -46.7% 4.7%8.4%

-21.7% 125.0% 125.0% -9.4% -8.0% 37.5% 25.0% 25.0% -46.7% -16.6%

-32.8% -33.3% -33.3% 125.0% -20.9% -100.0% -100.0% 25.0% 0.0%0.0% -33.3%

0.0%0.0% -100.0% % Change 0.0% -27.3% 0.0% -34.0%

20232023

612 612

Highest Highest Priced Priced Sale Sale $1,340,000 $1,340,000 $ Volume $199,863,170

%-34.0% Change %-34.0% Change -42.5% -42.5% -27.3% -36.7%

11 11

20222022

-32.8% -32.8% -21.7% -20.9% -20.9% 37.5% -20.9%August July

$0 toAttached $0 $99k to $99k Closed Sales By Price Range Residential

December

Median Median PricePrice $300,000 $300,000 2022

-21.7% -21.7% 9.2% 37.5% 37.5% 25.0%

June

20232023 Detached 8 8

$200k $200k toResidential $299k to $299k $0 toAll $99k # of Sales $300k $300k to $399k to $399k $100k to $199k Median Price

20222022

November

# of Sales # of Sales Detached Residential

Monthly $305,750 $305,750 Home 9.2%9.2% 2023 %Sales Change 10 10 25.0% 25.0% 572 -26.5%

$1,340,000

Closed Closed Sales Sales By Price By Price RangeRange

Detached Residential

October

Detached Detached Residential Residential

20232023

Median 8 8 #Median ofDOM SalesDOM 778 $ Volume $ Volume$235,541,737 $235,541,737 $184,377,141 $184,377,141 Median Price $280,000 $305,750 Lowest Lowest Priced Priced Sale Sale $40,000 $40,000 $55,000 Median DOM 8 10$55,000

# of Listings January February

September

20222022 Median Median PricePrice $280,000 $280,000 2022

Highest Priced Sale

August

of Listings # ofSale Listings $40,000 696 696 Lowest#Priced

$900,000 $900,000 $161,233,061 543 543 $55,000

$1,340,000

Closed Closed Sales Sales By Town By Town

696 December

-32.8% -32.8% -19.3% -22.0% -22.0% 37.5% -32.8%

20222022

Closed Sales By Town

543 20232023

-22.0% % Change % Change

BasyeBasye Closed Sales By Town

55 55

56 56

1.8%1.8%

Edinburg Edinburg

69 69 2022 21 55 21

69 69 2023 16 56 16

0.0%0.0% % Change -23.8% -23.8% 1.8%

Median DOM Strasburg Strasburg Mount Jackson $ Volume Toms Toms Brook New MarketBrook

$300,000 50 50 38 150 150 91 8 $199,863,170 17 17 50

$280,000 46 46 31 13 153 153 59 $161,233,061 29 29 46

-6.7% -8.0% -8.0% -18.4% 62.5% 2.0% 2.0% -35.2%

TomsHighest Brook Priced Sale Woodstock # of Listings

$1,340,000 17 105 696

$900,000 29 102 543

-32.8% 70.6% -22.0% -2.9%

September

# of Listings October November

$900,000

-19.3% -19.3% -6.7% 37.5% 37.5% 62.5%

Residential Fort Detached Valley Fort Valley Basye Maurertown Maurertown Edinburg

# of Sales Mount Mount Jackson Jackson Fort Valley Median Price New New Market Market Maurertown

Lowest Priced Sale Woodstock Woodstock Strasburg

38 2022 38 69 612 91 91 21

$40,000 105 105 150

31 2023 31 69 467 59 59 16

$55,000 102 102 153

%-18.4% Change -18.4% 0.0% -23.7% -35.2% -35.2% -23.8%

-19.3% 70.6% 70.6% -8.0% 37.5% -2.9% 2.0%-2.9%

Closed Sales By Town

2022

2023

% Change

Basye

1.8%

Edinburg

0.0%

Fort Valley

-23.8%

$200k to $299k

294

169

-42.5%

$300k to $399k

206

182

-11.7%

Maurertown

-18.4%

$400k to $499k

4.7%

Mount Jackson

-35.2%

$500k to $599k

-9.4%

New Market

-8.0%

$600k to $699k

-46.7%

Strasburg

150

153

2.0%

$700k to $799k

125.0%

Toms Brook

70.6%

$800k to $899k

25.0%

Woodstock

105

102

-2.9%

$900k to $999k

-33.3%

$1M to $1.49M

-100.0%

$1.5M to $1.99M

0.0%

$2M+

0.0%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Massanutten Association of REALTORS® - Bright Multiple Listing Service

PAGE COUNTY

Page County is renowned for its breathtaking scenery, including the renowned Luray Caverns and Shenandoah National Park. This charming county offers a perfect blend of outdoor adventure, historic sites, and a welcoming community. It is a sought-after destination for nature lovers and history enthusiasts alike.

Population: 23,750 Median Household Income: $53,168 Unemployment Rate: 3.1% Major Employers: Page County Schools, DNC P&R at Shenandoah, County of Page, Kontoor Brands Real Estate Taxes: $0.73 per $100 assessed value

Monthly Home Sales

January

February

March

April

Monthly Home Sales

May

June

Detached

July

August

October

November

December

Attached

All Residential

Detached Residential

2022

2023

% Change

# of Sales

273

241

-11.7%

# of Sales

252

Median Price

$265,000

0.0%

Median Price

$275,000

Median DOM

20.0%

Median DOM

$80,821,481

$74,791,944

-7.5%

$ Volume

$76,204,55

Lowest Priced Sale

$64,650

$47,900

-25.9%

Lowest Priced Sale

$64,650

Highest Priced Sale

$929,000

$1,375,000

48.0%

Highest Priced Sale

$929,000

319

323

1.3%

# of Listings

$ Volume

September

# of Listings

2022

291

January January February FebruaryMarchMarch April April May May June June

July July AugustAugust September September October October November November December December

Detached DetachedAttached Attached January

All Residential February

March

April

May

June

Detached

All Residential All Residential

# of Sales # of Sales All Residential

September

Attached

% Change % Change

273 273

241 241

-11.7% -11.7%

$265,000 $265,000 2023 12 12 241

0.0%0.0% % Change 20.0% 20.0% -11.7%

$74,791,944 $74,791,944 $265,000 $47,900 12$47,900

-7.5% 0.0%-7.5% -25.9% -25.9% 20.0%

$1,375,000 $1,375,000 $74,791,944 323 323 $47,900

48.0% -7.5%48.0% 1.3%1.3% -25.9%

$1,375,000

48.0%

Lowest Priced Lowest Priced Sale Sale $64,650 10$64,650 Median DOM $929,000 $929,000 Highest Priced Sale Highest Priced Sale $80,821,481 $ Volume 319 319 # ofSale Listings $64,650 of Listings Lowest#Priced $929,000

Closed Closed Sales Sales By Price By Price Range Range January February March

April

$0 toAttached $0 $99k to $99k Closed Sales ByResidential Price Range

319 20222022

Monthly Home Sales

May

Attached Residential 9

$100k $100k to $199k to $199k

55 2022 55 2022 All Residential $200k $200k to $299k to $299k 110 110 $0 to $99k 9 21 # of Sales 2022 $300k $300k to $199k $399k to $399kPrice 50 50 $100k to 55 $233,000 Median 273 # of Sales $400k $400k to $299k $499k to $499k 26 26 $200k to 110 4 Median DOM $265,000 Median Price $500k $500k to $399k $599k to $599k 9 9 $300k to 50 $4,616,930 $ Volume 10 Median DOM $600k $600k to $699k to $699k 7 7 $400kLowest to $499k 26 $120,000 Priced Sale $80,821,481 $ Volume $700k $700k to $799k to $799k 3 3 $500kHighest to $599k 9$280,890 Priced Sale $64,650 Lowest Priced Sale $800k $800k to $699k $899k to $899k 3 $600k to 73 28 # of Listings $929,000 Highest Priced Sale $900k $900k to $799k $999k to $999k $700k to 31 1 319 # of Listings $1M $1M toto$1.49M to $1.49M $800k $899k 30 0 $1.5M $1.5M to $999k $1.99M to $1.99M 0 0 $900k to Closed Sales By Price Range1

June

323 2023Detached 2023 8 8

July

August

1.3% % Change % Change Attached -11.1% -11.1%

38 2023 38 2023 102 102 8 26 2023 40 40 38 $246,390 241 24 24 102 9 $265,000 15 15 40 $6,401,620 12 7$185,000 7 24 $74,791,944 2 2 15 $265,540 $47,900 2 72 32 $1,375,000 22 2 323 21 1 20 0

%-30.9% Change %-30.9% Change -7.3% -7.3% -11.1% 23.8% % Change -20.0% -20.0% -30.9% 5.7% -11.7% -7.7% -7.7% -7.3% 125.0% 0.0% 66.7% 66.7% -20.0% 38.7% 20.0% 0.0%54.2% 0.0% -7.7% -7.5% -33.3% -33.3% 66.7%-5.5% -25.9% -33.3% -33.3% 0.0% 14.3% 48.0% 100.0% 100.0% -33.3% 1.3% 100.0% 100.0% -33.3% 0.0%0.0% 100.0%

Closed Sales By Price Range

Detached Residential

October

November

December

Detached Detached Residential Residential

20232023

10 10 Median 273 #Median ofDOM SalesDOM $80,821,481 $ Volume$80,821,481 $ Volume $265,000 Median Price

# of Listings

August

20222022 $265,000 Median Median PricePrice $265,000 2022

Highest Priced Sale

July

$2M+$2M+ $1M to $1.49M

0 00 2022

0 10 2023

$1.5M $0 to to $1.99M $99k $2M+ $100k to $199k

0.0% 0.0% 100.0% % Change 0.0% -11.1%

0.0% -30.9%

# of Sales # of Sales Detached Residential

20222022

20232023

% Change % Change

252 252

215 215

-14.7% -14.7%

$280,000 $280,000 2023 12 12 215

1.8%1.8% % Change 20.0% 20.0% -14.7%

$68,390,324 $68,390,324 $280,000 $47,900 12$47,900

-10.3% 1.8%-10.3% -25.9% -25.9% 20.0% 48.0% 48.0% -10.3%

$275,000 Median Median PricePrice $275,000 2022

10 10 Median 252 #Median ofDOM SalesDOM $76,204,551 $ Volume $ Volume$76,204,551 $275,000 Median Price Lowest Lowest Priced Priced Sale Sale $64,650 10$64,650 Median DOM $929,000 $929,000 Highest Highest Priced Priced Sale Sale $76,204,551 $ Volume 291 291 of Listings # ofSale Listings $64,650 Lowest#Priced Highest Priced Sale

$929,000

Closed Sales Sales By Town By Town September Closed October November December

$1,375,000 $1,375,000 $68,390,324 291 291 $47,900

0.0%0.0% -25.9%

$1,375,000

48.0%

# of Listings

291 20222022

291 20232023

0.0% % Change % Change

LurayLuray Closed Sales By Town

171 171

148 148

-13.5% -13.5%

Rileyville Rileyville

Shenandoah Shenandoah Luray Stanley Stanley Rileyville # of Sales Shenandoah Median Price Stanley Median DOM

11 11 2022 32 171 32 2022 57 57 11 252 32 $275,000 57 10

16 16 2023 40 148 40 2023 37 37 16 215 40 $280,000 37 12

45.5% %45.5% Change 25.0% 25.0% -13.5% % Change -35.1% -35.1% 45.5% -14.7% 25.0% 1.8% -35.1% 20.0%

$ Volume

Closed Sales By Town Detached Residential

$76,204,551

$68,390,324

-10.3%

Lowest Priced Sale

$64,650

$47,900

-25.9%

Highest Priced Sale

$929,000

$1,375,000

48.0%

291

0.0%

2022

2023

% Change

Luray

171

148

-13.5%

Rileyville

45.5%

# of Listings Closed Sales By Town

$200k to $299k

110

102

-7.3%

Shenandoah

25.0%

$300k to $399k

-20.0%

Stanley

-35.1%

$400k to $499k

-7.7%

$500k to $599k

66.7%

$600k to $699k

0.0%

$700k to $799k

-33.3%

$800k to $899k

-33.3%

$900k to $999k

100.0%

$1M to $1.49M

100.0%

$1.5M to $1.99M

0.0%

$2M+

0.0%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Massanutten Association of REALTORS® - Bright Multiple Listing Service

AUGUSTA COUNTY

Augusta County spans the scenic Shenandoah Valley and is characterized by its rolling hills and fertile valleys. The county is home to landmark wonders like the Blue Ridge Tunnel, Natural Chimneys, and Grand Caverns. Augusta County offers a blend of cultural richness, outdoor recreation, and a strong sense of community.

Population: 78,064 Median Household Income: $69,082 Unemployment Rate: 2.5% Major Employers: Augusta County Public Schools, Augusta Health, Hershey Chocolate of Virginia, Target Corporation Real Estate Taxes: $0.63 per $100 assessed value

Monthly Home Sales

January

February

March

April

Monthly Home Sales

May

June

Detached

July

August

October

November

December

Attached

All Residential

Detached Residential

2022

2023

% Change

# of Sales

829

707

-14.7%

# of Sales

796

Median Price

$320,000

$340,000

6.3%

Median Price

$320,000

Median DOM

0.0%

Median DOM

$297,407,207

$262,492,733

-11.7%

$ Volume

$287,536,1

Lowest Priced Sale

$25,000

$33,500

34.0%

Lowest Priced Sale

$25,000

Highest Priced Sale

$4,300,000

$2,200,000

-48.8%

Highest Priced Sale

$4,300,00

900

826

-8.2%

# of Listings

$ Volume

September

# of Listings

2022

851

January January February FebruaryMarchMarch April April May May June June

July July AugustAugust September September October October November November December December

Detached DetachedAttached Attached January

All Residential February

March

April

May

June

Detached

All Residential All Residential

# of Sales # of Sales All Residential

July

August

September

Attached

20232023

% Change % Change

829 829

707 707

-14.7% -14.7%

Highest Highest Priced Priced Sale Sale $4,300,000 $4,300,000 $ Volume $297,407,207

December

# of Sales # of Sales Detached Residential

Monthly $340,000 $340,000 Home 6.3%6.3% 2023 %Sales Change 6 6 0.0%0.0% 707 -14.7%

Median 6 6 #Median ofDOM SalesDOM 829 $ Volume $ Volume$297,407,207 $297,407,207 $262,492,733 $262,492,733 Median Price $320,000 $340,000 Lowest Lowest Priced Priced Sale Sale $25,000 $25,000 $33,500 Median DOM 6 6$33,500

November

Detached Detached Residential Residential

20222022 Median Median PricePrice $320,000 $320,000 2022

Detached Residential

October

20222022

20232023

% Change % Change

796 796

668 668

-16.1% -16.1%

$335,000 $335,000 2023 6 6 668

4.7%4.7% % Change 0.0%0.0% -16.1%

Median Median PricePrice $320,000 $320,000 2022

Median 6 6 #Median ofDOM SalesDOM 796 $ Volume $ Volume$287,536,102 $287,536,102 $248,092,808 $248,092,808 Median Price $320,000 $335,000 Lowest Lowest Priced Priced Sale Sale $25,000 $25,000 $33,500 Median DOM 6 6$33,500

-11.7% -11.7% 6.3% 34.0% 0.0%34.0% -48.8% -48.8% -11.7% -8.2%-8.2% 34.0%

Highest Highest Priced Priced Sale Sale $4,300,000 $4,300,000 $ Volume $287,536,102

of Listings # ofSale Listings $25,000 900 900 Lowest#Priced

$2,200,000 $2,200,000 $262,492,733 826 826 $33,500

Highest Priced Sale

$4,300,000

$2,200,000

-48.8%

March900

May 826

Closed Closed Sales Sales By Price By Price RangeRange

# of Listings January February

April

Attached Residential

June

July-8.2% August

%-35.4% Change %-35.4% Change -27.2% -27.2% -20.0% 18.2%

$0 toAttached $0 $99k to $99k Closed Sales By Price Range Residential

15 15

20232023 Detached 12 12

$100k $100k to $199k to $199k

82 2022 82 2022 261 261 15 33

53 2023 53 2023 190 190 12 39

$200k $200k toResidential $299k to $299k $0 toAll $99k # of Sales $300k $300k to $399k to $399k $100k to $199k Median Price # ofDOM Sales $400k $400k to $299k $499k to $499k $200k to Median Median Price $500k $500k to $399k $599k to $599k $300k to $ Volume Median DOM $600k $600k to $499k $699k toPriced $699k $400k to Lowest Sale $ Volume $700k $700k to $799k to $799k $500k to $599k Highest Priced Sale

20222022

2022 242 242 82 $295,000 829 113 113 261 7

$320,000 48 48 242 $9,871,105 6 30 30 113 $195,000

2023 220 220 53 $384,900 707 132 132 190 23

$340,000 42 42 220 $14,399,925 6 27 27 132 $140,000

$297,407,207 21 21 48 $499,000 $25,000 4 49 4 30

$262,492,733 14 14 42 $530,500 $33,500 4 69 4 27

9 49 900 0 0 1

8 48 826 2 2 2

$4,300,000 1 1 21

$2M+$2M+ $1M to $1.49M

$1.5M to $1.99M $0 to $99k $2M+ $100k to $199k

0 3

3 2022 15 82

2 1

-48.8% -48.8% -13.7% -11.0% -11.0% 34.0%

Highest Priced Sale

$2,200,000

-48.8%

$4,300,000

Closed Closed Sales Sales By Town By Town

# of Listings October November

851 December

20222022

757 20232023

-11.0% % Change % Change

Churchville Churchville Closed Sales By Town

42 42

35 35

-16.7% -16.7%

Craigsville Craigsville

13 13 2022 19 19 42

5 5 2023 14 35 14

-61.5% %-61.5% Change -26.3% -26.3% -16.7%

$320,000 25 25 79 19 19 32 6

$335,000 13 13 63 18 18 21 6

4.7% -48.0% -48.0% -20.3% 0.0% -5.3% -5.3% -34.4%

$2,200,000 119 25 119 47 757 47 10

-48.8% -17.4% -17.4% 8.7% -11.0% -14.5% -14.5% -23.1% -3.0%-3.0% -17.4%

Closed Sales By Town Detached Crimora Crimora Residential Churchville Fishersville Fishersville Craigsville

Greenville Greenville# of Sales Crimora

6.3% -12.5% -12.5% -9.1% 45.9% 0.0% -10.0% -10.0% 16.8% -28.2%

Median Price Grottoes Grottoes Fishersville Median DOM Lyndhurst Lyndhurst Greenville

63 63 5 2023 668 21 21 14

-48.8% 100.0% 100.0% -33.3% -8.2% -11.1% -11.1% 0.0%

Highest Priced Sale Stuarts Stuarts DraftDraft Mount Sidney # Verona Verona Mount Solon of Listings

$248,092,808 25 25 13 10$33,500 10 18

Weyers Weyers CaveCave Stuarts Draft

33 33 144

32 32 119

Verona

Weyers Cave Churchville

200.0% 200.0% 100.0% -66.7% -66.7% -11.1% % Change 200.0% -20.0% -66.7% -35.4%

1 2023 12

-11.7% -33.3% -33.3% -12.5% 6.3% 34.0% 0.0% 0.0% -10.0% 40.8%

79 2022 79 13 796 32 32 19

$287,536,102 23 23 25 13$25,000 13 19

$2,200,000 2 2 14

%30.5% Change -9.1% -9.1% -35.4% -14.7% 16.8% 16.8% -27.2% 228.6%

September

of Listings # ofSale Listings $25,000 851 851 Lowest#Priced

$2,200,000 $2,200,000 $248,092,808 757 757 $33,500

$ Volume Mount Mount Sidney Sidney Grottoes Lowest Priced Mount Mount SolonSolon Sale Lyndhurst

Closed Sales By Price Range

% Change % Change Attached -20.0% -20.0%

-13.7% -13.7% 4.7% 34.0% 0.0%34.0%

Closed Sales By Town

$4,300,000 144 23 144 55 851 55 13

%-20.3% Change -20.3% -61.5% -16.1% -34.4% -34.4% -26.3%

-13.7% 8.7% 8.7% -48.0% 34.0% -23.1% -23.1% -5.3%

-14.5% % Change -3.0% -16.7%

Craigsville

-61.5%

-27.2%

Crimora

-26.3%

2022 42

2023

$200k to $299k

261

190

$300k to $399k

242

220

-9.1%

Fishersville

-20.3%

$400k to $499k

113

132

16.8%

Greenville

-34.4%

$500k to $599k

-12.5%

Grottoes

-48.0%

$600k to $699k

-10.0%

Lyndhurst

-5.3%

$700k to $799k

-33.3%

Mount Sidney

8.7%

$800k to $899k

0.0%

Mount Solon

-23.1%

$900k to $999k

100.0%

Stuarts Draft

144

119

-17.4%

$1M to $1.49M

-11.1%

Verona

-14.5%

Weyers Cave

-3.0%

$1.5M to $1.99M

200.0%

$2M+

-66.7%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Greater Augusta Association of REALTORS® - Multiple Listing Service

STAUNTON CITY

Staunton is a picturesque city celebrated for its wellpreserved historic downtown. It features charming shops, vibrant art venues, the Shakespeare Theater, and Woodrow Wilson’s Presidential Library. Staunton seamlessly combines cultural richness with a welcoming atmosphere.

Population: 25,904 Median Household Income: $53,041 Unemployment Rate: 2.6% Major Employers: Mary Baldwin University, Best Buy, Cadence, Daikin Real Estate Taxes: $0.92 per $100 assessed value

Monthly Home Sales

January

February

March

April

Monthly Home Sales

May

June

Detached

July

August September October November December

Attached

All Residential

2022

2023

% Change

# of Sales

492

387

-21.3%

# of Sales

464

Median Price

$245,000

$259,900

6.1%

Median Price

$240,000

Median DOM

50.0%

Median DOM

$134,845,587

$111,777,923

-17.1%

$ Volume

$127,113,3

Lowest Priced Sale

$42,200

$46,892

11.1%

Lowest Priced Sale

$42,200

Highest Priced Sale

$1,850,000

$1,400,000

-24.3%

Highest Priced Sale

$1,850,00

$ Volume

Detached Residential

2022

January January February February MarchMarch April April May May June June July July August August September September October October November November December December

Detached DetachedAttached Attached

All Residential

Detached Residential

All Residential All Residential

# of Sales # of Sales

Detached Detached Residential Residential

20222022

20232023

% Change % Change

492 492

387 387

-21.3% -21.3%

Median Median PricePrice $245,000 $245,000 Median Median DOMDOM

Monthly Home Sales

$259,900 $259,900

$ Volume $ Volume$134,845,587 $134,845,587 $111,777,923 $111,777,923 Lowest Lowest Priced Priced Sale Sale $42,200 $42,200

$46,892 $46,892

Highest Highest Priced Priced Sale Sale$1,850,000 $1,850,000 # of Listings # of Listings

April

Median DOM $600k $600k to $699k to Priced $699k Lowest Sale $ Volume $700k $700k to $799k to Priced $799k Sale Highest Lowest Sale $800k $800k to $899k to $899k #Priced of Listings Highest $900k $900k to $999k toPriced $999kSale of Listings $1M $1M to $1.49M to#$1.49M

23 492 23 9

$245,000 12 12 $7,732,239 69 9$144,000

$134,845,587 2$390,000 2 0$42,200 0 44 $1,850,000 0 0 2 510 2

$ Volume $ Volume$127,113,348 $127,113,348 $105,821,120 $105,821,120

6.8%6.8% 50.0% 50.0% -16.8% -16.8%

Highest Highest Priced Priced Sale Sale$1,850,000 $1,850,000

May

June

181 181 21

2023 84$270,000 84 31 387 31 7

$1,400,000 $1,400,000

-24.3% -24.3%

466 466

421 421

-9.7%-9.7%

Closed Closed Sales Sales By Town By Town August September October November December 2022 2022 % Change % Change

2023 2023

% Change % Change

# of Listings # of Listings

July

Attached -36.4% -36.4%

-47.1% %-47.1% Change -19.6% -19.6% -25.0% % -1.2% Change -1.2% -2.8% -21.3% 34.8% 34.8% -22.2%

#DIV/0! #DIV/0!

Detached Residential 0 0

#DIV/0! #DIV/0!

0 2022 0

0 2023 0

%#DIV/0! Change #DIV/0!

# of 0Sales0

0 464 0

0 366 0

-21.1% #DIV/0! #DIV/0!

$259,900 12 12 $5,956,803 93 3$155,000

6.1% 0.0%-23.0% 0.0% 50.0% -66.7% -66.7% 7.6%

Median0Price0

0$240,000 0

0$256,250 0

6.8% #DIV/0! #DIV/0!

Median DOM 0 0

50.0% #DIV/0! #DIV/0!

$105,821,120 0 0

-16.8% #DIV/0! #DIV/0!

0$46,892 0 28 $1,400,000 0 0

Lowest Priced Sale

$42,200

$46,892

11.1%

-24.3% 0.0% 0.0%

Highest Priced Sale

$1,850,000

$1,400,000

-24.3%

2 449 2

-12.0% 0.0% 0.0%

# of Listings

466

421

-9.7%

$111,777,923 3$399,900 3

Closed Sales By Price Range

-17.1% 50.0% 50.0% 2.5% 11.1% 0.0% 0.0% -36.4%

$1.5M $1.5M to $1.99M to $1.99M

-100.0% -100.0%

$2M+$2M+

0 2022

0 2023

0.0%0.0% % Change

Closed Sales By Price Range

$256,250 $256,250

-24.3% -24.3%

64 2023 64

Median Price $500k $500k to $599k to $599k $ Volume

-17.1% -17.1%

-12.0% -12.0%

121 2022 121

# of DOM Sales $400k $400k to $499k to $499k Median

Median Median PricePrice $240,000 $240,000 Median Median DOMDOM

449 449

$100k $100k to $199k to $199k $300k $300k to $399k to $399kPrice Median

6.1%6.1%

50.0% 50.0%

$1,400,000 $1,400,000

20232023 Detached 7 7

2022 85$277,725 85

-21.1% -21.1%

11.1% 11.1%

11 11

225 225 28

% Change % Change

366 366

$46,892 $46,892

$0 to$0 $99k to $99k Attached Residential

All $200k $200k toResidential $299k to $299k # of Sales

20232023

464 464

Lowest Lowest Priced Priced Sale Sale $42,200 $42,200

Attached Residential 20222022

20222022

11.1% 11.1%

510 510

Closed Closed Sales Sales By Price By Price RangeRange January February March

# of Sales # of Sales

$ Volume 0 0

$127,113,348 0 0

Closed Sales By Town 2022

2023

% Change

$0 to $99k

-36.4%

#DIV/0!

$100k to $199k

121

-47.1%

#DIV/0!

$200k to $299k

225

181

-19.6%

#DIV/0!

$300k to $399k

-1.2%

#DIV/0!

$400k to $499k

34.8%

#DIV/0!

$500k to $599k

0.0%

#DIV/0!

$600k to $699k

-66.7%

#DIV/0!

$700k to $799k

50.0%

#DIV/0!

$800k to $899k

0.0%

$900k to $999k

0.0%

$1M to $1.49M

0.0%

$1.5M to $1.99M

-100.0%

$2M+

0.0%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Greater Augusta Association of REALTORS® - Multiple Listing Service

WAYNESBORO CITY

Waynesboro is nestled at the base of the Blue Ridge Mountains and exudes small-town charm with a growing cultural scene. Downtown you will find shops, restaurants, art galleries, and the historic Wayne Theatre. In 2023, Northrop Grumman announced the development of a new facility within the city.

Population: 22,808 Median Household Income: $47,238 Unemployment Rate: 2.6% Major Employers: Waynesboro City Schools, Mathers Construction Company, Berry Plastics, Virginia Panel Corporation Real Estate Taxes: $0.90 per $100 assessed value

Monthly Home Sales

January

February

March

April

Monthly Home Sales

May

June

Detached

July

August

October

November

December

Attached

All Residential

Detached Residential

2022

2023

% Change

# of Sales

413

369

-10.7%

# of Sales

366

Median Price

$262,000

$293,970

12.2%

Median Price

$259,250

Median DOM

-14.3%

Median DOM

$117,498,276

$112,172,317

-4.5%

$ Volume

$104,536,9

Lowest Priced Sale

$50,000

$21,000

-58.0%

Lowest Priced Sale

$50,000

Highest Priced Sale

$655,000

$875,000

33.6%

Highest Priced Sale

$655,000

447

426

-4.7%

# of Listings

$ Volume

September

# of Listings

2022

391

January January February FebruaryMarchMarch April April May May June June

July July AugustAugust September September October October November November December December

Detached DetachedAttached Attached

All Residential

Detached Residential

All Residential All Residential

# of Sales # of Sales

Detached Detached Residential Residential

20222022

20232023

% Change % Change

413 413

369 369

-10.7% -10.7%

Median Median PricePrice $262,000 $262,000 Median Median DOMDOM

# of Sales # of Sales

Monthly Sales12.2% $293,970 $293,970 Home 12.2%

$ Volume $ Volume$117,498,276 $117,498,276 $112,172,317 $112,172,317

20222022

20232023

366 366

343 343

-6.3%-6.3%

$295,100 $295,100

13.8% 13.8%

Median Median PricePrice $259,250 $259,250

-14.3% -14.3%

Median Median DOMDOM

-4.5%-4.5%

$ Volume $ Volume$104,536,989 $104,536,989 $104,020,137 $104,020,137

% Change % Change

0.0%0.0% -0.5%-0.5%

Lowest Lowest Priced Priced Sale Sale $50,000 $50,000

$21,000 $21,000

-58.0% -58.0%

Lowest Lowest Priced Priced Sale Sale $50,000 $50,000

$21,000 $21,000

-58.0% -58.0%

Highest Highest Priced Priced Sale Sale $655,000 $655,000

$875,000 $875,000

33.6% 33.6%

Highest Highest Priced Priced Sale Sale $655,000 $655,000

$875,000 $875,000

33.6% 33.6%

426 426

-4.7%-4.7%

391 391

0.0%0.0%

2023 2023

% Change % Change

# of Listings # of Listings

447 447

Closed Closed Sales Sales By Price By Price RangeRange January

February

March

April

May

Attached Residential

June

$0 to$0 $99k to $99k Attached Residential

20232023 Detached 8 8

$100k $100k to $199k to $199k

87 2022 87

48 2023 48

All $200k $200k toResidential $299k to $299k # of Sales

$300k $300k to $399k to $399kPrice Median # of DOM Sales $400k $400k to $499k to $499k Median Median Price $500k $500k to $599k to $599k $ Volume

Median DOM $600k $600k to $699k to Priced $699k Lowest Sale $ Volume $700k $700k to $799k to $799k Highest Priced Sale

20222022

165 165 47

2022 85$279,900 85 413 47 47 17

$262,000 18 18 $12,961,287 74 4$150,000

138 138 26

2023 104 104 $285,792 369 43 43 13

$293,970 24 24 $8,152,180 61 1$174,000

$117,498,276 0$480,000 0 $50,000 0 56 0

$112,172,317 2$458,000 2 $21,000 1 35 1

of Listings $1M $1M to $1.49M to#$1.49M

0 447 0

$1.5M $1.5M to $1.99M to $1.99M

$2M+$2M+

Lowest Sale $800k $800k to $899k to $899k #Priced of Listings Highest $900k $900k to $999k toPriced $999kSale

August

% Change % Change Attached 14.3% 14.3% -44.8% %-44.8% Change -16.4% -16.4% -44.7% % 22.4% Change 22.4% 2.1% -10.7% -8.5% -8.5% -23.5%

12.2% 33.3% 33.3% -37.1% -14.3% -75.0% -75.0% 16.0% -4.5% 200.0% 200.0% -4.6%

September

391 391

Closed Closed Sales Sales By Town By Town October

November

December

2022 2022

#DIV/0! #DIV/0!

Detached Residential 0 0

#DIV/0! #DIV/0!

0 2022 0

0 2023 0

%#DIV/0! Change #DIV/0!

# of 0Sales0

0 366 0

0 343 0

-6.3% #DIV/0! #DIV/0!

Median0Price0

0$259,250 0

0$295,100 0

13.8% #DIV/0! #DIV/0!

Median DOM 0 0

0.0% #DIV/0! #DIV/0!

$104,536,989 0 0

$104,020,137 0 0

-0.5% #DIV/0! #DIV/0!

$ Volume 0 0

Lowest Priced0 Sale0

0$50,000 0

0$21,000 0

-58.0% #DIV/0! #DIV/0!

0$875,000 0

-58.0% 100.0% 100.0% -37.5% 33.6% 0.0% 0.0%

Highest Priced0 Sale0

0$655,000 0

0$875,000 0

33.6% #DIV/0! #DIV/0!

0 426 0

0.0%-4.7% 0.0%

# of Listings 0 0

0 391 0

0.0% #DIV/0! #DIV/0!

0.0%0.0%

#DIV/0! #DIV/0!

0 2022

0 2023

0.0%0.0% % Change

0 0 Closed Sales By Town

0$655,000 0

Closed Sales By Price Range Closed Sales By Price Range

July

# of Listings # of Listings

0 2022

2023

% Change

$0 to $99k

14.3%

#DIV/0!

$100k to $199k

-44.8%

#DIV/0!

$200k to $299k

165

138

-16.4%

#DIV/0!

$300k to $399k

104

22.4%

#DIV/0!

$400k to $499k

-8.5%

#DIV/0!

$500k to $599k

33.3%

#DIV/0!

$600k to $699k

-75.0%

#DIV/0!

$700k to $799k

200.0%

#DIV/0!

$800k to $899k

100.0%

#DIV/0!

$900k to $999k

0.0%

#DIV/0!

$1M to $1.49M

0.0%

#DIV/0!

$1.5M to $1.99M

0.0%

#DIV/0!

$2M+

0.0%

Demographic Data Source: Weldon Cooper Center, US Census Bureau, Virginia Employment Commission Housing Data Source: Greater Augusta Association of REALTORS® - Multiple Listing Service

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