Local VA Housing Market

Check out the local housing report prepared by the Fredericksburg Area Association of REALTORS®. 

Look at the graphic below (found at https://www.faarmembers.com/market/) showing the statistics for the month of July 2020. Data show that the number of units sold and home price for each local county are still increasing, while days on the market is decreasing, due to low inventory. Because of the lower inventory, homes are selling faster, and for a higher sales price. Many homes are getting multiple offers!

In our local area, the housing market is still going strong. While the number of listings is down from previous years, homes are still selling quickly and buyers are looking for properties. It is a seller’s market, which drives up the home sale prices. Now may be the perfect time to sell your home in Virginia!

Colonial Beach, VA

Thinking of moving to beautiful Colonial Beach, Virginia? Here are some activities you can do if you decide to move to the area:

  1. The BEACH – Of course the main thing to do in this small town is to go to the beach! Lay in the sand, swim with friends and family, or fish on the pier.
  2. Visit local restaurants – Try dining locally. Visit places such as the Colonial Beach Brewing Company, the Riverboat on the Potomac, Dockside Tiki Bar and Grill, The Lighthouse Restaurant, and Wilkerson’s Seafood Restaurant.
  3. Get some outdoor exercise – Enjoy the fresh air and take a walk on the sidewalks around town or go for a bike ride. The Point is a perfect place to bike and get a nice beach view!

Colonial Beach is a smaller town, but there are plenty of things to keep you busy and relaxed. It is a very charming town and is a perfect place for photos. You can even get married or attend events on the beach. Check out Colonial Beach community information and homes for sale here, or Contact one of our agents about seeing homes for sale in the area and come see what life is like at the beach!

Second Home Getaway

Wouldn’t it be nice to have some weekend getaways? Consider purchasing a second home and take your family to visit when you are off from work. It would be relaxing to take trips to the lake or beach. You can get a second home anywhere that interests you. Where you choose to purchase is up to you, but some popular second home getaway choices in our local area are Lake Anna, Colonial Beach, and Virginia Beach!

To help with costs, consider renting out your second home when you are not there and use websites such as Airbnb, which is a marketplace to rent out vacation homes to people looking in the area. You can use the home for yourself whenever you need a getaway and can rent it out from time-to-time to help cover costs.

If you are interested in looking into a second home, contact one of our Berkshire Hathaway Home Services Select agents to help you get started!