Springtime is here! Spring Break and Easter have passed, and now its time to see how the market is doing. Spring tends to be one of the busier times of the year, and today, we wanted to pull up and show readers how homes in Fredericksburg are selling. We will also be comparing this years data to last years, along with showing what is on the current market thru 4/4/2018.

Below is a chart showing the comparison between this year and last year, and a chart showing what is currently on the MLS. If there are any questions about the Residential Market in the City Limits of Fredericksburg, contact us! We would love to go in depth and help out however we can. All of this information was gathered from the Central Hill Country Board of Realtors MLS (Multiple Listing Services).

 

2017 vs 2018 Residential Sales in City Limits YTD thru 3/31

  2018 Stats 2017 Stats Percent Change
Avg Sold Price $345,947 $381,383 -9%
Avg SqFt 1805 1859 -3%
Avg $/SqFt $194.79 $204.89 -5%
Days on Market 144 134 7%
Total Homes Sold 41 51 -20%
Total Volume Sold $14,183,830 $19,450,530 -27%

 

Current Residential Listings in City Limits as of 4/4/2018

  Average Median
List Price $520,931 $399,000
SqFt 2212 2026
$/SqFt $241.69 $207.72
Days on Market 134 86

 

Of the 125 homes for sale now, there are 64 under $400K, or 51% of the listings. 2 homes are under $200K, which here in Fredericksburg, normally will go under contract quickly!

If you have any questions or want to buy or sell, give us a call or shoot us an email!