Charles Town Real Estate Market May 2014

Charles Town Real Estate Market May 2014

Charles Town Real Estate Market May 2014

Charles Town Real Estate Market May 2014What is going on with the real estate market in Charles Town, West Virginia? Here we take a look at some statistics from the month of May 2014 and compare them to the previous year to see how the market is comparing to 2013. Is the market improving in Charles Town? Is it staying the same? Let’s take a look at what’s going on in the Charles Town real estate market.

Highlights from the Charles Town Real Estate Market May 2014 report:

  • Median sold price: $284,900
  • Average sold price: $253,898
  • Units sold: 15
  • Average time on the market: 40 days
  • Average sold price to original list price ratio: of 97.7%
  • Of the 15 homes sold, 13 were detached and 2 were attached
  • There were 98 active listings

Comparisons to last year:

  • Median sold price increased 31.78% ($248,400 in May2013)
  • Average sold price increased 14.69% ($241,914 in May 2013)
  • The number of units decreased with 21 units sold in May 2013
  • Average time on the market in May 2013 was 30 days
  • The average sold price to original list price ratio has decreased with it being 98.6% in May 2013
  • Of the homes sold in May 2013, 18 were detached and 3 were attached
  • There was a 6.52% increase in active listings compared to last May

The chart below shows the median sold price for detached and attached homes over the past year.

The graph below shows the ratio of the original list price to the sold price over the past three months.  As you can see, sellers were able to get close to the amount that they originally listed their home at during the month of May.

The chart below shows the average days on the market over the past year. There was a distinct drop in the number of days that homes were on the market before they were sold in the month of May.

Recent Listings in Charles Town, WV

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Contact Linda’s Team at ERA Liberty Realty at (304) 725-1145 for information on homes sold in the Charles Town, West Virginia area.

Charles Town Real Estate Market May 2014