AUGUSTA COUNTY MARKET REPORT March 2016
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STAUNTON, WAYNESBORO & AUGUSTA COUNTY Units Sold Year to Date
254
-4.15%
12 Month Residential Sales
12 Month Average Sales Price
0.66%
2.89%
1,379
$190,755
*Differences indicated from March 2015 Greater Augusta Association of REALTORS速 statistics, as of March 31, 2016
STAUNTON Units Sold Year to Date
12 Month Residential Sales
12 Month Average Sales Price
4.48%
5.06%
5.08%
70
332
$161,286
*Differences indicated from March 2015 Greater Augusta Association of REALTORS速 statistics, as of March 31, 2016
WAYNESBORO Units Sold Year to Date
12 Month Residential Sales
12 Month Average Sales Price
56
292
$161,714
-9.68%
-6.71%
-0.19%
*Differences indicated from March 2015 Greater Augusta Association of REALTORS速 statistics, as of March 31, 2016
AUGUSTA COUNTY Units Sold Year to Date
128
-5.88%
12 Month Residential Sales
12 Month Average Sales Price
1.89%
2.94%
755
$214,945
*Differences indicated from March 2015 Greater Augusta Association of REALTORS速 statistics, as of March 31, 2016
SALES ACTIVITY THIS MONTH RESIDENTIAL SALES BY MONTH Augusta County, Including Staunton and Waynesboro Monthly Sales, 2013-2016
What This Chart Shows: Residential home sales by month, over the past 3 years. This chart helps show seasonal trends in home sales.
Bottom Line: Although first quarter sales are still below last year’s totals, the market rebounded nicely in March with 98 sales.
Source: Greater Augusta Association of REALTORS® Multiple Listing Service, 3/31/16
SALES TRENDS RESIDENTIAL UNITS SOLD YEAR TO DATE Augusta County, Including Staunton and Waynesboro March 31, 2016
What This Chart Shows: Total residential sales from January 1 until the date on this chart, for each of the past five years.
Bottom Line: Although the first quarter totals are lagging behind last year’s numbers, sales recovered strongly March and are generally in line with what we would expect at this point in the year. Source: Greater Augusta Association of REALTORSŽ Multiple Listing Service, 3/31/16
SALES TRENDS 12-MONTH RESIDENTIAL SALES Augusta County, Including Staunton and Waynesboro As of March 31
What This Chart Shows: Total sales for the last 12 months, as of the date on the chart. This is one of the best ways to see the true long term trend in the market.
Bottom Line: The pace of residential sales in Augusta County has been quite strong over the past 12 months, exceeding the prior 12 Month Sales’s total by a whopping 28%, and the 2012 total of 806 by 71%. Source: Greater Augusta Association of REALTORSŽ Multiple Listing Service, 3/31/16
PRICING AVERAGE AND MEDIAN PRICE, 12 MONTH SALES Augusta County, Including Staunton and Waynesboro February 29, 2016
What This Chart Shows: 12 months average and median sales prices as of the date on the chart.
Bottom Line:
The long term trend in home values has been steadily increasing at a moderate, sustainable pace with the current 12 month average nearly 3% higher than last year’s. The median price, probably the best measure of value, increased nearly 5% over last year, an impressive jump that is welcome news for Sellers. Source: Greater Augusta Association of REALTORSŽ Multiple Listing Service, 3/31/16
INVENTORY MONTHS SUPPLY OF INVENTORY Augusta County, Including Staunton and Waynesboro March 31, 2016
What This Chart Shows: Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales.
Bottom Line:
In terms of inventory, there is a 6.83 month “supply” of homes for sale at the current pace of sales, which is nearly the same of last month. A supply in the 5-6 month range is considered to be indicative of a healthy market, with neither a shortage, nor an oversupply of homes for sale.
Source: Greater Augusta Association of REALTORS® Multiple Listing Service, 3/31/16
MEET OUR REALTORS速
Minnie Stevenson Managing Broker 540-480-0648
Barbara Beverage 540-430-0919
Karen Carpenter 540-292-0352
Ed Davis 540-943-7410
Russ Davis 540-437-9503
Derek Flory 540-448-2702
Susan Gibson 540-487-1000
Lucy Harris 540-569-0778
Cody Persinger 540-292-9224
Jupie Wagner 540-294-3411
Tim Wilday 540-272-7278
Tammy Wiles 540-487-3044
2352 JEFFERSON HWY WAYNESBORO, VA 22980 FIRM PHONE NUMBER - 540.943.7410
Chad Gensel 540-910-0838
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