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MARKET REPORT

FREDERICKSBURG

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2013 is the kind of year in real estate tha

wish could be repeated over-and-over. Low

rates, strong consumer condence, a fairly b

inventory, and relatively positive economic in

all contributed towards an extremely strong

the Fredericksburg real estate market.

Its now safe to say that the local and regio

estate market is now in full recovery modwas arguably the healthiest real estate mar

weve seen in 8 years. Total sales, median pr

days on market for sold properties were all

While inventory levels rose slightly, the inc

inventory was not enough to slow down co

condence.

As an area that encountered high short s

foreclosure inventory in the past, 2013 saw a

decrease in the number of distressed pro

for sale. We expect to see a further redu

short sales and foreclosures in 2014 as the

continues to improve.

With the continuation of low interest rates an

the effects of a strong 2013, consumer con

and sales should continue to grow steadily in

rising interest rate environment and some cha

mortgage lending rules may serve as speed

towards the continued recovery of our local

That being said, we believe the regional rea

market seems to have enough strength tothose potential concerns in 2014.

As always, we will continue to work hard to

our clients with the highest level of service a

relevant information to help you make inform

estate decisions.

Thanks again for your trust in Nest.

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Nest Realty:

2013 in Review

TOTAL

CLOSINGS:

913

Named #882in the annual

fastest-growing private Americancompanies list

TOTAL SALE$315,000,00

$275,000,000

$250,000,000

$225,000,000

$200,000,000

$175,000,000

$150,000,000

$125,000,000

$100,000,000

$75,000,000

$50,000,000

$25,000,000

2009 2010 2011 2012 2013

$28,085,866 $48,367,528

$80,779,303

$157,000,000

$315,000,0

ANNUAL TOTAL SALES VOLUME

ests agents and staff were a pleasure to work with and they

elivered results. They got our house under contract within two

onths and sold shortly thereafter. They were great!

- The King Family

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TOTAL SALES

2012 20132009 2010

4,000

4,100

4,200

4,300

4,400

4,500

4,600

FREDERICKSBURG AREA MSA

2011

4,178

4,587

4,514

4,2074,184

TREND

MONTHS OF INVENTORY

2012 20132009 2010

0

1

2

3

4

5

6

2011

4.07 4.10

5.375.43

4.88

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012 % 2011

4,184

200,000

86

229,045

222,844

4.88

932,379,159

-0.14%

10.00%

-16.28%

6.47%

7.05%

-16.60%

6.90%

4,178

220,000

72

243,860

238,556

4.07

996,686,006

SALES BY TYPE 2

AREA ANALYSIS FOR FREDERICKSBURG AREA MSA

Single Family 399

Condo 64

Attached 528

MEDIAN PRICE

2012 20132009 2010

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

2011

220,000

245,000

202,000

210,000

200,000

TREND

INVENTORY LEVELS

20122009 2010

800

1,000

1,200

1,400

1,600

1,800

2,000

2011

1,417

2,021

1,948

1,700

TREND

SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $50

2011

0% 25% 50% 75%

2012 9% 35% 32% 21%

11% 39% 30% 17%

2013 %

9.79%

11.36%

-9.72%

10.14%

10.56%

0.74%

21.38%

4,587

245,000

65

268,596

263,750

4.10

1,209,820,573

2013 5% 29% 33% 28%

*The Fredericksburg Area MSA consists of the City of Fredericksburg, Staord, Spotsylvania, Caroline, and King George counties. Data as of 1/14/14.

FLAT

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TOTAL SALES

2012 20132009 2010

100

12 5

150

175

200

225

250

CITY OF FREDERICKSBURG

2011

230 235231

198

230

TREND

MONTHS OF INVENTORY

2012 20132009 2010

3

4

5

6

7

8

9

2011

5.48 5.77

7.27

8.18

5.95

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012 % 2011

230

220,000

73

250,287

238,712

5.95

54,903,754

0.00%

14.77%

8.22%

10.07%

11.65%

-7.90%

11.65%

230

252,500

79

275,479

266,525

5.48

61,300,731

SALES BY TYPE 2

AREA ANALYSIS FOR CITY OF FREDERICKSBURG

Single Family 183

Condo 9

Attached 43

MEDIAN PRICE

2012 20132009 2010

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

$260,000

2011

252,500

259,900

225,000

239,000

220,000

TREND

INVENTORY LEVELS

20122009 2010

90

100

11 0

120

130

140

150

2011

105

140135

114

TREND

SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $50

2011

0% 25% 50% 75%

2012 13% 17% 36% 30%

21% 20% 32% 22%

2013 %

2.17%

2.93%

8.86%

5.34%

5.57%

5.29%

7.86%

235

259,900

86

290,185

281,360

5.77

66,119,552

2013 11% 17% 29% 34% 8%

FLAT

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TOTAL SALES

2012 20132009 2010

1,400

1,500

1,600

1,700

1,800

1,900

2,000

STAFFORD

2011

1,649

1,927

1,837

1,6941,670

TREND

MONTHS OF INVENTORY

2012 20132009 2010

0

1

2

3

4

5

6

2011

3.52 3.65

4.194.41

3.93

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012 % 2011

1,670

230,000

74

255,131

249,554

3.93

416,755,488

-1.26%

12.61%

-20.27%

7.81%

8.26%

-10.43%

6.90%

1,649

259,000

59

275,064

270,174

3.52

445,516,649

SALES BY TYPE 2

AREA ANALYSIS FOR STAFFORD

Single Family 1,57

Condo 55

Attached 299

MEDIAN PRICE

2012 20132009 2010

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$280,000

2011

259,000

284,363

229,000

243,900

230,000

TREND

INVENTORY LEVELS

20122009 2010

400

450

500

550

600

650

700

2011

483

641623

547

TREND

SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $50

2011

0% 25% 50% 75%

2012 4% 25% 38% 30%

7% 32% 33% 24%

2013 %

16.86%

9.79%

-1.69%

9.07%

9.45%

3.69%

27.91%

1,927

284,363

58

300,025

295,716

3.65

569,843,950

2013 2% 20% 35% 39% 6

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TOTAL SALES

2012 20132009 2010

1,300

1,400

1,500

1,600

1,700

1,800

1,900

SPOTSYLVANIA

2011

1,691

1,7441,812

1,707 1,707

TREND

MONTHS OF INVENTORY

2012 20132009 2010

0

1

2

3

4

5

6

2011

3.733.84

5.00

5.11

4.63

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012 % 2011

1,707

185,000

88

219,224

212,717

4.63

363,108,202

-0.94%

2.70%

-20.45%

2.97%

3.70%

-19.44%

2.73%

1,691

190,000

70

225,736

220,587

3.73

373,012,127

SALES BY TYPE 2

AREA ANALYSIS FOR SPOTSYLVANIA

Single Family 1,59

Condo 0

Attached 154

MEDIAN PRICE

2012 20132009 2010

$160,000

$170,000

$180,000

$190,000

$200,000

$220,000

$230,000

2011

190,000

224,000

190 ,0 00 190 ,0 00

185,000

TREND

INVENTORY LEVELS

20122009 2010

500

550

600

650

700

750

800

2011

526

756

726

659

TREND

SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $50

2011

0% 25% 50% 75%

2012 9% 44% 29% 14%

9% 46% 28% 13%

2013 %

3.13%

17.89%

-12.86%

12.63%

13.15%

2.95%

16.69%

1,744

224,000

61

254,241

249,590

3.84

435,284,143

2013 5% 35% 35% 20% 5

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MONTHS OF INVENTORY

2012 20132009 2010

4

5

6

7

8

9

10

2011

5.73

5.02

7.92

9.42

7.36

TREND

TOTAL SALES

2012 20132009 2010

275

300

325

350

375

400

425

2011

361

412

397

351

364

TREND

MEDIAN PRICE

2012 20132009 2010

$80,000

$90,000

$100,000

$120,000

$130,000

$140,000

$150,000

2011

137,500

148,000145,500 145,000

120,000

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012

361

137,500

120

162,156

155,936

5.73

56,292,965

2013 %

14.13%

7.64%

-26.67%

0.99%

1.23%

-12.39%

15.54%

412

148,000

88

163,758

157,860

5.02

65,038,265

Caroline

CAROLINE

MONTHS OF INVENTORY

2012 202009 2010

5

6

7

8

9

10

11

2011

6.326.

11.23

8.75 8.86

TREND

TOTAL SALES

2012 22009 2010

200

21 5

225

235

245

255

265

2011

247

2

237

257

213

TREND

MEDIAN PRICE

2012 20132009 2010

$215,000

$225,000

$235,000

$245,000

$255,000

$265,000

$275,000

2011

239,900

270,000

235,000 235,000

225,000

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012

247

239,900

93

249,597

245,196

6.32

60,563,535

2013 %

8.91%

12.55%

-1.08%

11.47%

11.49%

-2.85%

21.42%

269

270,000

92

278,232

273,363

6.14

73,534,663

King George

KING GEORGE

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LIVE WHERE YOU LOVE

Nest Realty went above and beyond to accommodate ou

needs. With their guidance and expertise we were able to

our dream home.

- Th e Dav

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MONTHS OF INVENTORY

2012 20132009 2010

0

0.5

1.0

1.5

2.0

2.5

3.0

2011

2.14

1.94

2.08

2.542.89

TREND

TOTAL SALES

2012 20132009 2010

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2011

6,0916,505

8,743

6,721

5,869

TREND

MEDIAN PRICE

2012 20132009 2010

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

$325,000

2011

274,990

309,900

207,000

249,000250,000

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012

6,091

274,990

49

309,001

305,330

2.14

1,859,765,951

2013 %

6.80%

12.70%

-20.41%

9.92%

10.19%

-9.35%

17.68%

6,505

309,900

39

339,656

336,449

1.94

2,188,602,677

Prince

PRINCE WILLIAM

MONTHS OF INVENTORY

2012 202009 2010

2

4

6

8

10

12

14

2011

7.40

6.0

12.14

10.51

9.79

TREND

TOTAL SALES

2012 22009 2010

300

325

350

375

400

450

475

2011

415

4

366 369370

TREND

MEDIAN PRICE

2012 20132009 2010

$160,000

$165,000

$170,000

$175,000

$180,000

$185,000

$190,000

2011

170,000

181,800

178,250 179,000

170,000

TREND

Median Price $

Days on Market

Avg. List Price $

Avg. Sale Price $

Months of Inventory

Total Volume $

Total Sales

2012

415

170,000

124

215,551

205,297

7.40

85,198,155

2013 %

10.84%

6.94%

-5.65%

1.25%

1.95%

-17.97%

13.00%

460

181,800

117

218,243

209,292

6.07

96,274,116

Orange

ORANGE

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800-325-6378 (NEST)

www.NestRealty.com