market indicators report · 2020. 10. 27. · waar market indicators report sep-20 indicator 25.9%...

MARKET INDICATORS REPORT

SEPTEMBER

2020

WAAR Market Indicators Report

Sep-20 Indicator

25.9% 413 Sales

20.1% 353 Pending Sales

21.4% 460 New Listings

6.9% $343,433 Average List Price

7.9% $341,078 Average Sales Price

6.1% $319,900 Median Sales Price

3.3% $148 Average Price Per Square Foot

35.8% $140.9 Sold Dollar Volume (in millions)

1.2% 99.6% Average Sold/Ask Price Ratio

30-YR Fixed 2.81 % -22.6% 42 Average Days on Market

15-YR Fixed 2.35 % -52.4% 15 Median Days on Market

5/1-YR ADJ. 2.90 % -22.8% 947 Active Listings

OCT 2005 OCT 2020 -29.8% 2.8 Months of Supply

October 15, 2020

YoY Chg

WAAR Market Dashboard

Key Market Trends: September 2020

INTE

REST

RATE

TRAC

KER

Sales growth resumed in much of the WAAR footprint this month; largestgains in James City County. Following flat sales last month, activity in theWAAR housing market rose sharply in September. There were 413 sales thismonth in the region, a 25.9% gain from a year ago. Most of the additional salesthis month occurred in James City County, which had a 56.4% spike in sales.

Pending sales continue to rise; single-family detached driving growth.There were 353 pending sales in September in the WAAR footprint, a 20.1%gain from last year. Most of the additional pending sales are of single-familydetached homes in New Kent (+75.8%) and James City (+41.2%) counties. Therise in these local markets reflects buyers who likely paused home searchesduring the early months of the on-going pandemic. Some local areas have beenslower to recover such as York County (-22.6%) and Williamsburg (-66.7%).

Sales prices continue to climb in most parts of the region; reflect tightinventory. The average sales price in September in the WAAR housing marketwas $341,078, up 7.9% from last year. Williamsburg led the region in price gain,with a 20.7% jump in the average sales price.

Overall inventory remains very low, however, new listings surged inSeptember as more sellers enter the market. The inventory of active listingsat the end of September was 22.8% lower than it was a year ago in the WAARarea. Despite this decline, new listings rose sharply this month, climbing 21.4%from last year, the largest increase in 3 years.

Sources: Virginia REALTORS®, data accessed October 15, 2020, Federal Reserve Bank of St. Louis 2

Report Index

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5

6

7

8

9

10

11

12

13

14

Average Sold to Ask Price Ratio ---------------------------------------------------------------------- 15

Average Days on Market ------------------------------------------------------------------------------- 16

Median Days on Market -------------------------------------------------------------------------------- 17

Active Listings ---------------------------------------------------------------------------------------------- 18

Months of Supply ----------------------------------------------------------------------------------------- 19

Area Overview - Total Market ------------------------------------------------------------------------- 20

Area Overview - Total Market YTD ------------------------------------------------------------------ 21

Area Overview - Single-Family Detached Market ---------------------------------------------- 22

Area Overview - Single-Family Detached Market YTD ---------------------------------------- 23

Area Overview - Townhome & Condo Market -------------------------------------------------- 24

Area Overview - Townhome & Condo Market YTD -------------------------------------------- 25

Sold Dollar Volume ---------------------------------------------------------------------------------------

Median Sales Price ---------------------------------------------------------------------------------------

Market Activity - WAAR Footprint --------------------------------------------------------------------

Total Market Overview ----------------------------------------------------------------------------------

Single-Family Detached Market Overview --------------------------------------------------------

Townhome & Condo Market Overview -----------------------------------------------------------

Sales -----------------------------------------------------------------------------------------------------------

Pending Sales ----------------------------------------------------------------------------------------------

New Listings ------------------------------------------------------------------------------------------------

Average List Price -----------------------------------------------------------------------------------------

Average Sales Price ---------------------------------------------------------------------------------------

Consumers Should Consult with a REALTOR®.Buying or selling real estate, for a majority of consumers, is one of the most important decisions they will make. Choosing a real estate professional continues to be a vital part of this process.

Identify a Professional to Manage the Procedure.REALTORS® are well-informed about critical factors that affect your specific market area – such as changes in market conditions, consumer attitudes and interest rates.

Are You Ready to Buy or Sell Real Estate? Contact an experienced REALTOR®.

3

Market Activity - WAAR Footprint

Jurisdiction % Chg

Charles City County -57.1%

James City County 56.4%

New Kent County 9.3%

Williamsburg -46.2%

York County 16.1%

WAAR 25.9%328 413

Total Sales

43 47

26 14

112 130

Sep-19 Sep-20

7 3

140 219

-57.1% +56.4%

+16.1%

-46.2%

+9.3%

Source: Virginia REALTORS®, data accessed October 15, 2020 4

Total Market Overview

Key Metrics Sep-19 Sep-20 YoY Chg YTD 2019 YTD 2020 YoY ChgSep-18 Sep-20

Sales 328 413 25.9% 2,942 3,167 7.6%

Pending Sales 294 353 20.1% 3,066 2,914 -5.0%

New Listings 379 460 21.4% 4,361 4,048 -7.2%

Average List Price $321,410 $343,433 6.9% $328,810 $342,938 4.3%

Average Sales Price $316,251 $341,078 7.9% $323,202 $338,877 4.8%

Median Sales Price $301,500 $319,900 6.1% $299,900 $315,000 5.0%

Average Price Per Square Foot $143 $148 3.3% $143 $150 4.9%

Sold Dollar Volume (in millions) $103.7 $140.9 35.8% $950.9 $1,074.3 13.0%

Average Sold/Ask Price Ratio 98.4% 99.6% 1.2% 98.4% 99.1% 0.7%

Average Days on Market 55 42 -22.6% 60 51 -14.1%

Median Days on Market 32 15 -52.4% 33 22 -33.3%

Active Listings 1,226 947 -22.8% n/a n/a n/a

Months of Supply 4.0 2.8 -29.8% n/a n/a n/a

2-year Trends


Single-Family Detached Market Overview


Sales 267 330 23.6% 2,458 2,617 6.5%

Pending Sales 243 284 16.9% 2,543 2,491 -2.0%

New Listings 334 380 13.8% 3,695 3,401 -8.0%




Average Price Per Square Foot $147 $149 1.5% $144 $151 5.0%

Sold Dollar Volume (in millions) $90.2 $120.8 33.9% $841.3 $943.6 12.2%




Active Listings 1,077 750 -30.4% n/a n/a n/a


2-year Trends


Townhome & Condo Market Overview


Sales 61 83 36.1% 484 550 13.6%

Pending Sales 51 69 35.3% 523 423 -19.1%

New Listings 45 80 77.8% 666 647 -2.9%




Average Price Per Square Foot $140 $135 -3.2% $138 $143 3.5%

Sold Dollar Volume (in millions) $13.5 $20.0 48.2% $109.6 $130.7 19.3%




Active Listings 149 197 32.2% n/a n/a n/a


2-year Trends


SalesSingle-Family Townhomes &

Month Detached YoY Chg Condos YoY Chg

Oct-19 245 0.0% 58 81.3%

Nov-19 216 7.5% 42 -2.3%

Dec-19 259 31.5% 57 96.6%

Jan-20 160 1.3% 33 17.9%

Feb-20 179 7.8% 38 8.6%

Mar-20 286 30.0% 69 19.0%

Apr-20 252 -3.4% 53 0.0%

May-20 273 -16.3% 42 -27.6%

Jun-20 376 -3.6% 76 49.0%

Jul-20 408 24.4% 82 43.9%

Aug-20 353 3.2% 74 -10.8%

Sep-20 330 23.6% 83 36.1%

5.6% 1.9% 23.6% 6.6% -22.1% 6.5% 12-month Avg 278 7.6% 59 20.2%

-13.3% 56.4% 36.1% 30.1% 72.2% 13.6%

September YTD

Historical Sales by Month

262 267330

39 61

83

0

50

100

150

200

250

300

350

400

450

Sep-18 Sep-19 Sep-20

3,1552458 2617

281

484550

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000


Single-Family DetachedTownhome & Condo

0

100

200

300

400

Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20

Single-Family Detached Townhome & Condo

YoY

Chg


Pending SalesSingle-Family Townhomes &


Oct-19 232 15.4% 42 100.0%

Nov-19 208 19.5% 45 25.0%

Dec-19 160 1.9% 34 25.9%

Jan-20 224 15.5% 35 -32.7%

Feb-20 242 21.0% 36 -7.7%

Mar-20 267 -13.6% 37 -43.9%

Apr-20 195 -36.1% 39 -36.1%

May-20 314 -19.1% 35 -47.0%

Jun-20 329 8.9% 61 17.3%

Jul-20 306 -8.7% 44 -39.7%

Aug-20 330 23.6% 67 6.3%

Sep-20 284 16.9% 69 35.3%

-3.3% 3.8% 16.9% 3.7% -23.0% -2.0% 12-month Avg 258 0.5% 45 -10.4%

-15.4% 54.5% 35.3% 20.9% 88.1% -19.1%

September YTD

Historical Pending Sales by Month

234 243284

3351

69

0

50

100

150

200

250

300

350

400


3,302

2,543 2,491

278

523 423

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000



0

100

200

300

400



YoY

Chg


New ListingsSingle-Family Townhomes &


Oct-19 306 -12.1% 80 48.1%

Nov-19 266 2.7% 64 8.5%

Dec-19 175 -6.4% 42 50.0%

Jan-20 376 13.9% 55 -36.8%

Feb-20 378 10.9% 81 28.6%

Mar-20 422 -6.0% 68 0.0%

Apr-20 329 -35.2% 64 -17.9%

May-20 372 -30.3% 63 -35.7%

Jun-20 377 -6.2% 75 -3.8%

Jul-20 390 -3.9% 70 -13.6%

Aug-20 377 -3.6% 91 33.8%

Sep-20 380 13.8% 80 77.8%

-5.3% 9.2% 13.8% 0.0% -28.8% -8.0% 12-month Avg 346 -7.6% 69 3.2%

0.0% -13.5% 77.8% 34.8% 72.1% -2.9%

September YTD

Historical New Listings by Month

306 334380

5245

80

0

50

100

150

200

250

300

350

400

450

500


5,187

3,695 3,401

387

666647

0

1,000

2,000

3,000

4,000

5,000

6,000



0

100

200

300

400

500

600



YoY

Chg


Average List PriceSingle-Family Townhomes &


Oct-19 $340,080 1.0% $255,669 7.5%

Nov-19 $356,294 5.2% $250,170 11.3%

Dec-19 $353,566 4.1% $239,504 10.5%

Jan-20 $354,151 14.8% $258,600 17.2%

Feb-20 $337,850 -8.5% $254,635 19.3%

Mar-20 $340,160 0.5% $231,495 3.3%

Apr-20 $363,001 7.3% $244,336 4.8%

May-20 $358,739 3.4% $241,251 5.4%

Jun-20 $380,809 5.8% $244,919 1.6%

Jul-20 $363,176 1.8% $220,579 -7.8%

Aug-20 $391,671 10.4% $240,520 4.7%

Sep-20 $368,604 7.5% $243,356 7.1%

-0.1% 7.1% 7.5% -0.7% 1.9% 4.7% 12-month Avg $359,008 4.3% $243,753 6.9%

2.8% -1.5% 7.1% 4.4% -0.9% 4.3%

September YTD

Historical Average List Price by Month

$320

,234

$342

,952

$368

,604

$230

,548

$227

,121

$243

,356

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


$341

,797

$348

,343

$364

,872

$231

,603

$229

,610

$239

,420

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000



YoY

Chg


Average Sales PriceSingle-Family Townhomes &


Oct-19 $333,894 0.7% $252,509 6.4%

Nov-19 $347,809 4.5% $246,335 10.6%

Dec-19 $349,671 5.0% $237,447 11.2%

Jan-20 $347,102 15.2% $254,658 18.1%

Feb-20 $347,102 -3.9% $253,635 20.1%

Mar-20 $338,064 1.4% $229,309 2.8%

Apr-20 $359,705 8.0% $241,766 6.4%

May-20 $355,014 3.9% $239,760 5.7%

Jun-20 $373,908 5.4% $240,991 1.1%

Jul-20 $359,027 2.8% $218,818 -7.4%

Aug-20 $385,805 10.9% $238,806 5.0%

Sep-20 $366,165 8.4% $241,332 8.9%

0.4% 7.0% 8.4% -0.5% 2.1% 5.3% 12-month Avg $355,272 5.1% $241,280 7.2%

2.7% -3.6% 8.9% 4.7% -1.1% 4.7%

September YTD

Historical Average Sales Price by Month

$315

,864

$337

,894

$366

,165

$229

,899

$221

,517

$241

,332

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


$335

,112

$342

,258

$360

,433

$228

,844

$226

,426

$237

,145

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000



YoY

Chg


Median Sales PriceSingle-Family Townhomes &


Oct-19 $299,950 -6.0% $231,958 -4.5%

Nov-19 $308,250 -0.6% $226,000 5.6%

Dec-19 $330,000 8.6% $240,000 6.7%

Jan-20 $328,950 15.4% $242,885 21.4%

Feb-20 $316,000 -3.4% $239,913 14.2%

Mar-20 $319,950 2.2% $224,700 5.8%

Apr-20 $337,000 7.0% $236,205 9.9%

May-20 $325,000 0.0% $231,950 7.6%

Jun-20 $341,750 2.2% $225,000 -9.6%

Jul-20 $338,000 2.4% $212,702 -5.4%

Aug-20 $353,000 13.0% $230,250 -1.0%

Sep-20 $340,000 6.6% $224,000 1.8%

-0.3% 6.7% 6.6% -0.2% 3.1% 5.5% 12-month Avg $328,154 3.8% $230,463 3.9%

10.7% -3.0% 1.8% 9.1% -1.3% 2.2%

September YTD

Historical Median Sales Price by Month

$299

,000

$319

,000

$340

,000

$226

,885

$220

,000

$224

,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


$310

,000

$319

,744

$337

,348

$225

,780

$222

,750

$227

,670

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



YoY

Chg


Sold Dollar Volume (in millions)

Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg

Oct-19 $81.8 0.7% $14.6 92.9%

Nov-19 $75.1 12.3% $10.3 8.0%

Dec-19 $90.6 38.1% $13.5 118.5%

Jan-20 $55.5 16.7% $8.4 39.1%

Feb-20 $59.7 -0.5% $9.6 30.4%

Mar-20 $96.7 31.9% $15.8 22.3%

Apr-20 $90.6 4.2% $12.8 6.4%

May-20 $96.9 -13.0% $10.1 -23.5%

Jun-20 $140.6 1.6% $18.3 50.6%

Jul-20 $146.5 27.9% $17.9 33.2%

Aug-20 $136.2 14.4% $17.7 -6.4%

Sep-20 $120.8 33.9% $20.0 48.2%

6.0% 9.0% 33.9% 10.3% -30.5% 12.2% 12-month Avg $99.3 12.9% $14.1 27.3%

-11.0% 50.7% 48.2% 44.3% 93.1% 19.3%

September YTD

Historical Sold Dollar Volume by Month (in millions)

$82.8 $90.2

$120.8

$9.0$13.5

$20.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0


$1,210.9

$841.3 $943.6

$56.7

$109.6$130.7

$0.0

$200.0

$400.0

$600.0

$800.0

$1,000.0

$1,200.0

$1,400.0



$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0



YoY

Chg


Average Sold to Ask Price RatioSingle-Family Townhomes &


Oct-19 98.3% -0.4% 98.6% -0.9%

Nov-19 98.1% -0.4% 98.1% -0.8%

Dec-19 98.9% 0.6% 99.1% 1.1%

Jan-20 98.2% 0.7% 98.4% 0.6%

Feb-20 98.9% 0.9% 99.7% 0.9%

Mar-20 99.4% 1.0% 98.9% -0.4%

Apr-20 99.3% 1.0% 98.8% 1.1%

May-20 99.2% 0.5% 99.3% 0.3%

Jun-20 98.8% 0.2% 98.3% -0.7%

Jul-20 99.2% 0.9% 99.1% 0.5%

Aug-20 98.9% 0.6% 99.3% 0.5%

Sep-20 99.7% 1.0% 99.2% 2.0%

0.8% -0.5% 1.0% 0.3% 0.1% 0.7% 12-month Avg 98.9% 0.5% 98.9% 0.3%

0.4% -2.4% 2.0% 0.4% -0.1% 0.5%

September YTD

Historical Average Sold to Ask Price Ratio by Month

99.1%

98.7%

99.7%99.6%

97.2%

99.2%

95.5%

96.0%

96.5%

97.0%

97.5%

98.0%

98.5%

99.0%

99.5%

100.0%


98.3% 98.4%

99.1%

98.7% 98.5%

99.0%

96.0%

96.5%

97.0%

97.5%

98.0%

98.5%

99.0%

99.5%

100.0%


Single-Family Detached

Townhome & Condo

95.0%

96.0%

97.0%

98.0%

99.0%

100.0%

101.0%



YoY

Chg


Average Days on MarketSingle-Family Townhomes &


Oct-19 61 20.2% 55 0.2%

Nov-19 64 3.0% 46 -26.4%

Dec-19 59 -10.3% 53 -26.6%

Jan-20 68 -17.0% 60 -24.2%

Feb-20 68 -8.4% 66 34.4%

Mar-20 52 -25.5% 51 -28.0%

Apr-20 57 -11.9% 42 -41.2%

May-20 50 -16.1% 55 -1.0%

Jun-20 53 2.7% 58 34.2%

Jul-20 49 -1.6% 45 -16.9%

Aug-20 41 -30.4% 50 17.9%

Sep-20 42 -20.7% 44 -29.9%

-13.1% -0.1% -20.7% -14.7% -1.5% -14.6% 12-month Avg 55 -10.6% 52 -13.0%

-23.8% 59.8% -29.9% -18.4% -0.1% -11.6%

September YTD

Historical Average Days on Market

53 53

4240

63

44

0

10

20

30

40

50

60

70

80

90


61 60

5157 57

51

0

10

20

30

40

50

60

70

80

90



0

30

60

90

120

150



YoY

Chg


Median Days on MarketSingle-Family Townhomes &


Oct-19 32 14.3% 30 46.3%

Nov-19 37 -7.5% 17 -60.5%

Dec-19 35 -30.0% 32 -5.9%

Jan-20 44 -21.6% 31 -54.1%

Feb-20 43 -12.2% 33 -5.7%

Mar-20 18 -50.0% 26 -33.3%

Apr-20 16 -51.5% 24 -46.7%

May-20 20 -31.0% 39 10.0%

Jun-20 27 12.5% 37 60.9%

Jul-20 24 -16.1% 29 -9.4%

Aug-20 14 -60.0% 31 63.2%

Sep-20 14 -54.8% 21 -38.2%

0.0% -6.1% -54.8% -13.5% 0.0% -34.4% 12-month Avg 27 -26.3% 29 -18.1%

-30.0% 142.9% -38.2% -33.3% 25.0% -22.9%

September YTD

Historical Median Days on Market

33 31

1414

34

21

0

10

20

30

40

50

60


32 32

21

28

35

27

0

10

20

30

40

50

60



0

30

60

90

120

150



YoY

Chg


Active ListingsSingle-Family Townhomes &


Oct-19 1,044 -7.2% 177 -17.7%

Nov-19 989 -8.5% 182 -10.3%

Dec-19 873 -8.7% 172 -5.0%

Jan-20 922 -5.1% 175 -9.8%

Feb-20 983 -5.2% 212 9.8%

Mar-20 1,031 -2.8% 218 16.6%

Apr-20 1,062 -7.2% 213 11.5%

May-20 965 -19.3% 210 4.0%

Jun-20 858 -26.4% 197 -8.8%

Jul-20 827 -25.2% 201 -1.5%

Aug-20 762 -30.9% 208 12.4%

Sep-20 750 -30.4% 197 32.2%

-12.3% -6.5% -30.4% 12-month Avg 922 -15.0% 197 1.8%

2.5% -27.3% 32.2%

September

Historical Active Listings by Month

1,152 1,077

750

205149

197

0

200

400

600

800

1,000

1,200

1,400

1,600


Townhome & CondoSingle-Family Detached

0

500

1,000

1,500

2,000

2,500



YoY

Chg


Months of SupplySingle-Family Townhomes &


Oct-19 4.0 -5.5% 3.5 -35.2%

Nov-19 3.8 -7.5% 3.6 -27.7%

Dec-19 3.3 -10.8% 3.2 -28.0%

Jan-20 3.5 -7.8% 3.3 -31.9%

Feb-20 3.7 -8.2% 3.9 -17.9%

Mar-20 3.8 -8.3% 4.0 -10.3%

Apr-20 3.9 -12.8% 3.9 -14.1%

May-20 3.6 -23.3% 3.9 -15.2%

Jun-20 3.2 -29.1% 3.5 -28.4%

Jul-20 3.0 -29.2% 3.5 -24.5%

Aug-20 2.8 -34.8% 3.6 -7.4%

Sep-20 2.8 -32.8% 2.8 -7.9%

-19.8% -4.3% -32.8% 12-month Avg 3.5 -17.8% 3.5 -21.6%

-0.2% -38.7% -7.9%

September

Historical Months of Supply by Month

4.4 4.2

2.8

5.0

3.02.8

0.0

1.0

2.0

3.0

4.0

5.0

6.0


Single-Family Detached

Townhome & Condo

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0



YoY

Chg


Area Overview - Total Market

Geography Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg

James City County 166 216 30.1% 140 219 56.4% $325,489 $353,066 8.5% $313,500 $324,900 3.6% 606 459 -24.3% 4.1 2.8 -32.0%

Williamsburg 23 18 -21.7% 26 14 -46.2% $271,445 $327,746 20.7% $248,000 $347,950 40.3% 75 61 -18.7% 4.1 2.9 -29.3%

York County 116 123 6.0% 112 130 16.1% $315,123 $320,075 1.6% $304,703 $305,695 0.3% 332 294 -11.4% 3.4 2.8 -18.2%

New Kent County 68 98 44.1% 43 47 9.3% $306,361 $356,731 16.4% $308,000 $327,500 6.3% 192 120 -37.5% 4.8 2.8 -41.7%

Charles City County 6 5 -16.7% 7 3 -57.1% $376,714 $193,000 -48.8% $259,000 $186,500 -28.0% 21 13 -38.1% 6.6 3.9 -41.2%

Months SupplyActive ListingsAverage Sales PriceSalesNew Listings Median Sales Price


Area Overview - Total Market YTD

Geography Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg Sep-19 Sep-20 % chg

James City County 2,038 1,973 -3.2% 1,417 1,550 9.4% $335,677 $355,405 5.9% $309,000 $325,000 5.2% 606 459 -24.3%

Williamsburg 251 245 -2.4% 172 200 16.3% $299,282 $282,919 -5.5% $237,750 $255,000 7.3% 75 61 -18.7%

York County 1,376 1,140 -17.2% 957 995 4.0% $322,418 $333,243 3.4% $307,425 $316,130 2.8% 332 294 -11.4%

New Kent County 645 639 -0.9% 366 390 6.6% $293,437 $322,058 9.8% $280,000 $314,921 12.5% 192 120 -37.5%

Charles City County 53 39 -26.4% 30 32 6.7% $259,225 $263,692 1.7% $203,950 $222,500 9.1% 21 13 -38.1%

New Listings YTD Sales YTD Average Sales Price TYD Active Listings YTDMedian Sales Price TYD


Area Overview - Single Family Detached Market


James City County 144 179 24.3% 117 172 47.0% $344,030 $381,457 10.9% $319,500 $343,750 7.6% 539 369 -31.5% 4.3 2.8 -35.8%

Williamsburg 17 13 -23.5% 14 9 -35.7% $327,038 $398,089 21.7% $267,500 $359,900 34.5% 55 36 -34.5% 4.3 2.9 -33.1%

York County 100 93 -7.0% 87 99 13.8% $342,496 $346,421 1.1% $334,500 $342,415 2.4% 275 220 -20.0% 3.5 2.8 -20.2%

New Kent County 67 90 34.3% 42 47 11.9% $308,418 $356,731 15.7% $308,000 $327,500 6.3% 187 112 -40.1% 4.8 2.8 -41.3%

Charles City County 6 5 -16.7% 7 3 -57.1% $376,714 $193,000 -48.8% $259,000 $186,500 -28.0% 21 13 -38.1% 6.6 3.9 -41.2%

New Listings Sales Average Sales Price Active Listings Months SupplyMedian Sales Price


Area Overview - Single Family Detached Market YTD


James City County 1,736 1,646 -5.2% 1,189 1,262 6.1% $355,242 $380,018 7.0% $325,000 $346,500 6.6% 539 369 -31.5%

Williamsburg 168 164 -2.4% 113 134 18.6% $342,244 $309,500 -9.6% $275,000 $290,000 5.5% 55 36 -34.5%

York County 1,106 932 -15.7% 768 805 4.8% $347,214 $359,153 3.4% $333,625 $344,000 3.1% 275 220 -20.0%

New Kent County 632 620 -1.9% 358 384 7.3% $295,463 $324,042 9.7% $282,193 $315,000 11.6% 187 112 -40.1%

Charles City County 53 39 -26.4% 30 32 6.7% $259,225 $263,692 1.7% $203,950 $222,500 9.1% 21 13 -38.1%

New Listings YTD Sales YTD Average Sales Price YTD Active Listings YTDMedian Sales Price YTD


Area Overview - Townhome & Condo Market


James City County 22 37 68.2% 23 47 104.3% $231,170 $249,167 7.8% $230,000 $215,000 -6.5% 67 90 34.3% 2.8 2.8 -1.1%

Williamsburg 6 5 -16.7% 12 5 -58.3% $206,586 $201,130 -2.6% $198,250 $175,000 -11.7% 20 25 25.0% 3.6 2.9 -18.9%

York County 16 30 87.5% 25 31 24.0% $219,864 $235,937 7.3% $204,500 $236,000 15.4% 57 74 29.8% 3.0 2.8 -8.8%

New Kent County 1 8 700.0% 1 0 -100.0% $220,000 $0 -100.0% $220,000 $0 -100.0% 5 8 60.0% 6.0 2.8 -53.1%

Charles City County 0 0 n/a 0 0 n/a $0 $0 n/a $0 $0 n/a 0 0 n/a 0.0 3.9 n/a

New Listings Sales Average Sales Price Active Listings Months SupplyMedian Sales Price


Area Overview - Townhome & Condo Market YTD


James City County 300 331 10.3% 228 288 26.3% $233,645 $248,439 6.3% $230,000 $235,500 2.4% 67 90 34.3%

Williamsburg 83 81 -2.4% 59 66 11.9% $216,997 $229,755 5.9% $219,900 $215,750 -1.9% 20 25 25.0%

York County 270 216 -20.0% 189 190 0.5% $221,661 $223,770 1.0% $211,000 $222,000 5.2% 57 74 29.8%

New Kent County 13 19 46.2% 8 6 -25.0% $202,800 $195,750 -3.5% $217,000 $207,500 -4.4% 5 8 60.0%

Charles City County 0 0 n/a 0 0 n/a $0 $0 n/a $0 $0 n/a 0 0 n/a

New Listings YTD Sales YTD Average Sales Price YTD Active Listings YTDMedian Sales Price YTD


market indicators report · 2020. 10. 27. · waar market indicators report sep-20 indicator 25.9%...

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