2016 Shenandoah Valley Annual Report

2016 is in the books and 2017 is underway. We are proud to present the 2016 Shenandoah Valley Annual Report. In today’s world, we know that you’re constantly inundated with data. Our Annual Report is designed to deliver you the data you need in an approachable and easy to understand manner so that you can make informed real estate decisions. We pride ourselves on being experts in our field and we hope you find this report to be a valuable resource in understanding the Shenandoah Valley real estate market.

2016 was an interesting year in the Shenandoah Valley real estate market. On the whole, total sales were down slightly across the region, but there were gains in the popular metros of Staunton and Waynesboro. This decline in sales is due in part to the decline in inventory levels were experienced this past year.  As we move into 2017, our marketplace is in an interesting position. Buyer demand remains strong, but limited inventory and uncertainty regarding interest rates seem to be giving some buyers, and potential sellers, hesitation. To learn more about how the Shenandoah Valley market performed last year, take a look at the highlights below and read the full 2016 Shenandoah Valley Annual Report here.

  • Total sales in Augusta County declined 2%
  • Median sales prices in Waynesboro rose more than 6%
  • Fishersville had the lowest average days on market at 82 days

Have questions about what this report means for you? Don’t hesitate to reach out to your Nest Broker to learn more.

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