Williamsburg Home Sales | August 2017 | Williamsburg School District
Williamsburg Homes For Sale | 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 Listings | Pending Listings | Sold Listings | Avg Active Price | Avg Sold Price | % of List To Sale Price | Absorption Rate > 6 = Buyer's Market < 5 = Seller's Market | Avg Days On Market |
|
|---|---|---|---|---|---|---|---|---|
| January, 2017 | ||||||||
| February, 2017 | 18 | 12 | 41 | $230,600 | $118,896 | 96.67% | 4.4 | 36 |
| March, 2017 | 17 | 14 | 36 | $240,041 | $117,017 | 96.46% | 5.16 | 39 |
| April, 2017 | 17 | 14 | 39 | $234,571 | $121,865 | 96.04% | 4.8 | 41 |
| May, 2017 | 17 | 12 | 37 | $235,535 | $126,395 | 96.22% | 4.68 | 34 |
| June, 2017 | 19 | 14 | 33 | $233,349 | $136,709 | 100.12% | 6 | 45 |
| July, 2017 | 20 | 8 | 40 | $221,272 | $165,326 | 100.21% | 4.2 | 35 |
| August, 2017 | 23 | 10 | 39 | $210,300 | $166,773 | 100.01% | 5.0 | 30 |
| September, 2017 | 27 | 9 | 38 | $211,319 | $169,619 | 100.26% | 5,7 | 28 |
| October, 2017 | ||||||||
| November, 2017 | 26 | 9 | 33 | $188,758 | $186.115 | 100.64% | 6.3 | 28 |
| December, 2017 | 20 | 12 | 28 | $177,255 | $155,666 | 97.35% | 6.8 | 26 |
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