Post-recession market finds its way back to Fredericksburg, VA and buyers and sellers attitudes are once again positive and feeling strong about getting back into the market. I moved here in 1992, way back when you could get to WDC in less then 45 mintues anytime of the day, “no kidding”, but I knew with the great prices, great homes, my new found haven would people coming from near and far to live the life near downtown Fredericksburg and it’s growing counties. I was right, by 1998 homes where taking off and by then I had my license and enjoyed my new found career as a realtor ,after 20 years in the mental health field. The love I had for helping people and homes, it was the right fit.
After the crumbling market almost a decade ago set the market on fire with home prices dropping like never before, and oh hell broke a lose with people losing their homes, jobs, business going bellu up making it hard for people to hold on to their savings, etc.
Six years forward and prices are rebounding back like the ones before the balloon burst wide open, foreclousers are less and less, home prices in the Fredericksburg, and surrounding counties are back to the average home sold for just over $284,000. This is a great improvement over the five-year home price average, which is great news for first time home buyers who has saved money, also the millennials are coming to the market with money to move up to a large single family home that the empty nesters has downsized to less home and more time for travel , and whatever they may want to do!
All signs, including price and affordability, inventory and consumer confidence, point to a return to normal for Fredericksburg , and surrounding counties , real estate and a stable market in 2016. I look forward to a strong market this year for my sellers , buyers, and renters. It does seem like this is not the best market for investors, but being the strong dedicated agent I am I will find the perfect property for you!
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