Charles Town Real Estate Market July 2014

Charles Town Real Estate Market July 2014

Charles Town Real Estate Market July 2014

Charles Town Real Estate Market July 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 July 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 is going on in the Charles Town real estate market July 2014.

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

  • Median sold price: $264,950
  • Average sold price: $257,185
  • Units sold: 26
  • Average time on the market: 50 days
  • Average sold price to original list price ratio: 97.7%
  • Of the homes sold, 6 were attached homes and 20 were detached
  • There were 114 active listings

Comparisons to July 2013:

  • Median sold price increased 29.28% ($204,950 in July 2013)
  • Average sold price increased 18.36% ($217,285 in July 2013)
  • The number of units decreased this year as there were 34 units sold in July 2013
  • Average time on the market decreased; in July 2013 it averaged 61 days
  • The average sold price to original list price ratio decreased slightly with it being 98.1% in July 2013
  • Of the homes sold in July 2013, 28 were detached and 6 were attached
  • There has been a 18.75% increase in active listings compared to last July

The chart below shows the number of new listings, new contracts, and sold properties over the past year in Charles Town, WV.

The median sold prices throughout the year are shown below.

The chart below shows the average number of days on the market for detached and attached homes over the past year.

Are you interested in buying or selling a home in the Charles Town, West Virginia area? We can help! Give The Linda Kilroy Team a call at (304) 725-1145 or fill out the form below and someone will contact you.

Don’t forget to check back in with us next month for our next real estate market update. We promise to always keep you in the know!

Charles Town Real Estate Market July 2014

Charles Town Real Estate Market July 2014