AUGUSTA COUNTY MARKET REPORT November 2017
Presented by:
K L I N E RMe aAl tYy
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Stuanton, Waynesboro, and Augusta County Units Sold
12 Month
12 Month
Year to Date
Residential Sales
Avg Sales Price
1,470
1,591
$197,253
+5.76%
+6.64%
+3.90%
City of Staunton
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Units Sold
12 Month
12 Month
Year to Date
Residential Sales
Avg Sales Price
368
402
$169,679
+2.22%
+6.07%
+7.88%
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City of Waynesboro Units Sold
12 Month
12 Month
Year to Date
Residential Sales
Avg Sales Price
340
364
$177,986
+12.96%
+15.19%
+6.61%
Augusta County
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Units Sold
12 Month
12 Month
Year to Date
Residential Sales
Avg Sales Price
762
825
$219,190
+4.53%
+3.51%
+2.23%
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Residential Sales By Month Augusta County, Including Staunton & Waynesboro 160
2015 2016
# of Units
140
2017
120
100
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What This Chart Shows: Residential home sales by month, since 2013. This chart helps show seasonal trends in home sales. Bottom Line: Residential sales remained steady in November, with 122 closed transaction in Augusta County. The local market continues to enjoy an increasing pace of sales despite limited inventory, which we expect to continue into 2018.
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Residential Properties Placed Under Contract Augusta County, Including Staunton & Waynesboro
# of Units
200
150
Buyers ratiďŹ ed contracts on 130 residential properties in November, indicating the Augusta County market is closing the year out with a bang. Buyer activity remains strong, and Sellers should expect to see good activity through the winter.
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The number of residential properties on which Buyers and Sellers entered into contracts each month. This is an excellent indicator of future sales.
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Bottom Line:
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Residential Sales, Past 12 Months Augusta County, Including Staunton & Waynesboro 1600
# of Units
1400
1200
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1000
What This Chart Shows: The past twelve months sales, for this month and each month since 2010. This is one of the best ways to see the true long term trend in the market. Bottom Line: The 12-month sales trend has been on a steady rise since its low point of 897 sales in May, 2011. The 12-month sales total at the end of November was 1591, and we expect the rate of increase to remain steady for the foreseeable future.
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Average and Median Sold Price Augusta County, Including Stuanton & Waynesboro $200000
Average Sold Price Median Sold Price
$190000
Price
$180000
$170000
$160000
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$150000
What This Chart Shows: The long term trend in average and median sales prices for homes. Bottom Line: While the average and median sales price took a dip in November, the overall trend remains positive, and the average sales price is nearly 4% higher than at this time last year. A 4% rate of increase is a very healthy, sustainable pace which hopefully will continue into 2018.