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HOME BUYERS' LIBRARY

lenn harley
Lenn Harley, Broker Homefinders.com
Maryland and Virginia

Phone: 800-711-7988

ABOUT REAL ESTATE IN STAFFORD COUNTY, VIRGINIA

There are about 1023 detached single family homes listed for sale in Stafford County. Of this number, about 27 are bank owned properties that have been foreclosed and now offered for sale. They are listed for sale in the MLS along with all other resale properties and new home listings. Bank owned properties will be included in any tour of homes prepared by Homefinders agents.

Foreclosed properties are located throughout Stafford County real estate.
12 properties are in Fredericksburg.
1 property is in Falmouth.
14 properties are in Stafford.

There are 15 foreclosed homes in Stafford built 2000 or later.
There are 5 foreclosed homes in Stafford priced from $200,000 to $300,000.
There are 15 foreclosed homes in Stafford priced from $300,000 to $400,000.
There are 4 foreclosed homes in Stafford priced from $400,000 to $500,000.

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Stafford County real estate is very popular. A county that was once thought to be "too far" is now the first choice of Northern Virginia home buyers who realize that the VRE can be a faster commute from Frederickburg in Stafford County than a drive commute from Fairfax County or Prince William County.

Luxury homes in Stafford County have been constructed in golf course communities that offer tremendous value for this feature. Most new construction in Stafford County has centered in the Garrisonville area or along the VRE rail line. The
Stafford airport opened in 2001 has been a popular draw for businesses looking for an alternative to the more congested northern areas of Fairfax and Prince William.

Prices in Stafford are quite attractive. Homes with 4 bedrooms, 2 full baths and a 2 car garage constructed built in 2000 or later average around $500,000 which is about $100,000 less than homes in Prince William County and $400,000 less
than like homes in Fairfax County. Stafford also offers similar homes on larger lots than can be found in Fairfax or Prince William Counties.

Stafford County dates back to the mid 1600s and Historic Fredericksburg is a popular historic site.

Demographics

--Average Income Families
W/Children $76,387
--Average Age 33.1
--Percent Married 69.1
--Percent With Children 47.5
--Percent High School Graduates 69.1
--Percent College Graduates 47.5
--Average SAT Scores 1023
--Expenditures Per-Student $8,245
--Land Area 270.4 Square Miles
--County Population 94,446
--Population Density Per Sq. Mile 342
--Population Growth Rate (5 yrs) 2.9%

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Detailed demographic reports are provided to our buyer/clients.

STAFFORD COUNTY VA RESALE HOMES SOLD IN MARCH - A MARKET REPORT

SINGLE FAMILY HOMES IN STAFFORD COUNTY SOLD MARCH 1, 2007 THROUGH MARCH 30, 2007

Number of single family detached resale homes sales closed in March - 74
Lowest price home sold - Listed for $213,500, Sold for $231,000. This home was on the market for 159 days.
The seller also paid $1,150 buyer subsidy. This is a small home in FREDERICKSBURG, VA 22406, a 1056 square ft. Bungelow sold "as is".

The highest price home sold - Listed for $599,000, Sold for $600,000. This home was on the market for 131 days.
The seller also paid $10,000 buyer subsidy. The home is a 3336 square ft. home in FALMOUTH, VA 22405, a two story Colonial home on 3.25 acres.

The average home sold in Stafford County in March 2007 sold for $384,364 and is a two story home located on a half acre lot and was on the market for 120 days.

The report below shows the (1) List Price, (2) Sold Price, (3) Subsidy, (Days On the Market) for homes that settled for between $350,000 and $450,000.

OrigListPrice ClosePrice Subsidy DOMP
$525,000.00
$549,990.00
$475,000.00
$469,900.00
$467,000.00
$464,900.00
$469,900.00
$464,900.00
$489,000.00
$480,500.00
$439,999.00
$485,000.00
$469,900.00
$449,900.00
$499,000.00
$424,950.00
$429,900.00
$430,000.00
$439,000.00
$419,900.00
$439,900.00
$400,000.00
$415,000.00
$449,900.00
$449,950.00
$389,900.00
$440,000.00
$395,000.00
$379,900.00
$375,000.00
$379,900.00
$369,900.00
$374,900.00
$375,900.00
$379,900.00
$375,000.00
$359,900.00
$395,000.00
$350,000.00
$490,000.00
$450,000
$465,000
$460,000
$467,000
$445,000
$456,000
$432,000
$425,000
$422,500
$430,000
$427,900
$440,000
$430,000
$430,000
$425,000
$383,000
$424,900
$415,000
$420,000
$405,000
$409,900
$407,000
$405,000
$389,900
$380,000
$389,900
$345,000
$372,000
$375,000
$347,300
$375,000
$370,000
$365,000
$350,000
$367,000
$359,000
$355,000
$348,000
$350,000
$349,000
$13,500
$13,000
$10,000
$10,000
$0
$13,680
$8,000
$5,000
$0
$5,000
$0
$0
$16,800
$0
$15,000
$10,000
$0
$0
$15,000
$3,000
$10,000
$12,000
$10,000
$5,000
$9,700
$10,000
$0
$0
$13,000
$6,532
$15,400
$0
$10,000
$0
$22,000
$13,000
$12,500
$0
$10,000
$10,470
302
214
188
5
199
210
205
125
64
116
151
282
62
120
251
58
69
156
119
85
163
185
87
147
150
64
165
290
33
162
37
56
99
111
181
51
287
74
270
270

Prices for new homes in Stafford County are coming down and the prices for resale homes will continue to come down. The information above reflects the fact that Stafford County real estate market is a BUYERS' MARKET.

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