December 2014 Shepherdstown Real Estate Market Update

December 2014 Shepherdstown Real Estate Market Update

December 2014 Shepherdstown Real Estate Market Update

december 2014 shepherdstown real estate market update

Shepherdstown, West Virginia is a wonderful community located in the Eastern Panhandle of West Virginia. It is home to Shepherd University and has a variety of interesting attractions including the Rumsey Monument, Little House, and the Potomac River. If you are interested in purchasing a home in Shepherdstown, or you are just curious about how the real estate market is doing in the town, you have come to the right place. In this December 2014 Shepherdstown Real Estate Market Update, we will take a look at the market statistics that have just come out for the month of December. Let’s take a look at what is going on in Shepherdstown, West Virginia.

  • There were a total of 47 active listings in Shepherdstown during the month of December.
  • Of those 47 listings, there were two new listings that went on the market in December.
  • There were a total of 13 pending properties, which included any properties that were under contract or went under contract throughout the month.

Average sold price

The average sales price for the month of December saw a slight decrease from the previous year. As you can see in the chart above, the average sales price also took a little dip as we have entered the colder months and holiday season. This is a common trend this time of year. December 2014: $188,338 December 2013: 235,088 Decreased 19.89%

Number of units sold

December 2014: 8 December 2013: 8 Of the homes that were sold in December, one was an attached home and seven were detached homes. The attached average sales price was $192,000. The detached average sales price was $187,814.  

Average days on the market

In the chart above, you can see that the average days on the market has been decreasing the past couple of months. This is good news for sellers who are looking to sell their homes quickly. Compared to last December, the average days on the market greatly decreased as well. December 2014: 59 days December 2013: 99 days Decreased 40.40%  

Average list price (number of bedrooms)

December 2014 overall average list price: $197,038 December 2013 overall average list price: $240,575 Decreased 18.10% The average list price seems to have gone down this December, which means that buyers looking for a home in the Shepherdstown area may be able to find a home that suits their needs in a lower price range. Overall, the market in Shepherdstown seems to be doing fairly well. While there have been some decreases from last year around this time, the holiday season can be a little bit unpredictable. We are interested to see what the market statistics will look like next month, and we hope that you will keep a lookout for our future Market Update blog posts. December 2014 Shepherdstown Real Estate Market Update


december 2014 shepherdstown real estate market updateIf you have any questions about the market and what your Shepherdstown home might be worth, give The Linda Kilroy Team a call at (304) 725-1145. Their expert team of realtors can help advise you of what is going on with the market and how that might affect you as a buyer or seller. You can also fill out the form below and someone will contact you.

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December 2014 Shepherdstown Real Estate Market Update

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