2013 nest realty fredericksburg annual report
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8/12/2019 2013 Nest Realty Fredericksburg Annual Report
1/11
MARKET REPORT
FREDERICKSBURG
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8/12/2019 2013 Nest Realty Fredericksburg Annual Report
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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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8/12/2019 2013 Nest Realty Fredericksburg Annual Report
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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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8/12/2019 2013 Nest Realty Fredericksburg Annual Report
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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
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