Williamsburg Home Sales – For August 2017

Williamsburg Home Sales | August 2017 | Williamsburg School District

Williamsburg Homes For Sale | Williamsburg Home Sales

Williamsburg Home Sales

Wow! Williamsburg Home Sales continues to be amazing!  Out of all the school districts we track, this is THE ONLY school district where home sales are seeing MORE than asking price.  Out of the last 3 months, all of them show homes are selling on average over 100% of asking price.  While it appears that number may be lower next month, NONE of the other school districts had just one month at 100% let alone three in a row.  Way to go!  At first I thought maybe there had been some new construction sneak into the area, however, none of the sales were new homes, they were all resales!

Another item to note are the average days on market.  It is now taking on average only 30 days for a home to sell in the district.  So far this year, that number has never been higher than 45 days.

What is curious is how much the average sale price has jumped over the last two months.  It is now $166,773.  In February, it was only $118,896.  That kind of jump usually indicates buyers are taking advantage of the market and are moving up to larger homes and/or larger pieces of property.  Either way, the upward trend in price is a good thing for home sellers.

All of this is going on while the number of sales has remained fairly consistent.  On average there are about 38 closings in any 6 month period, meaning there are about 6 closings in the average month.  Consistency like that is usually the sign of a very healthy market.


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Williamsburg School District Market Update (Each month is the previous 6 months totals & averages)

Active ListingsPending ListingsSold ListingsAvg Active PriceAvg Sold Price% of List
To Sale Price
Absorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market
Avg Days
On Market
January, 2017
February, 2017181241$230,600$118,89696.67%4.436
March, 2017171436$240,041$117,01796.46%5.1639
April, 2017171439$234,571$121,86596.04%4.841
May, 2017171237$235,535$126,39596.22%4.6834
June, 2017191433$233,349$136,709100.12%645
July, 201720840$221,272$165,326100.21%4.235
August, 2017231039$210,300$166,773100.01%5.030
September, 201727938$211,319$169,619100.26%5,728
October, 2017
November, 201726933$188,758$186.115100.64%6.328
December, 2017201228$177,255$155,66697.35%6.826