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Roanoke Metropolitan Statistical Area Market Conditions
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® The Long & Foster Market Conditions Report
54
Roanoke Metropolitan Area - September 2013
●
● The current median sale price was
12% higher than the same month last
year.
This September, the current median
sale price of $168,000 was similar to
the median sale price of last month.
Highlights
$1
37
,00
0
$1
51
,00
0
$1
54
,41
4
$1
69
,25
0
$1
25
,00
0
$1
30
,00
0
$1
39
,57
5 $1
61
,50
0
$1
56
,00
0
$1
76
,80
0
$1
61
,25
0
$1
53
,72
5
$1
50
,00
0
$1
48
,50
0
$1
55
,00
0
$1
46
,20
0
$1
40
,00
0
$1
49
,92
5
$1
55
,00
0
$1
63
,00
0
$1
65
,00
0
$1
69
,72
5
$1
74
,00
0
$1
68
,47
5
$1
68
,00
0
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
$168,5
00
$123,0
00
$221,0
00
$215,7
50
$126,0
00
$179,9
50
$106,9
75
$260,0
00
$195,5
00
$171,2
50
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Median Sale PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-18
%
-6%
-14
%
0%
-10
% -8%
3%
10
%
1%
19
%
4%
-10
%
9%
-2%
0%
-14
%
12
% 15
%
11
%
1%
6%
-4%
8% 1
0% 12
%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
Median Sale PricePercent Change Year/Year
® The Long & Foster Market Conditions Report
55
Roanoke Metropolitan Area - September 2013
21
4 23
6
21
1
21
0
15
6
20
1 22
2
22
9
27
8 29
4
24
4
31
4
23
4
28
6
24
5
20
1
19
3
21
8 23
3
30
7
36
4
35
4
34
5
35
0
29
6
0
50
100
150
200
250
300
350
400
Total Units Sold
79
73
39
24
17
101
86
47
33
26
0
20
40
60
80
100
120
140
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Total Units SoldOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 15% in total
units sold in September compared to
August.
This month's total units sold was
higher than at this time last year, an
increase of 26% versus September 2012.
Highlights5
%
24
%
15
%
9%
9%
19
%
12
%
-2%
4%
-1%
-8%
27
%
9%
21
%
16
%
-4%
24
%
8%
5%
34
%
31
%
20
%
41
%
11
%
26
%
-20%
-10%
0%
10%
20%
30%
40%
50%
Total Units SoldPercent Change Year/Year
® The Long & Foster Market Conditions Report
56
Roanoke Metropolitan Area - September 2013
0
50
100
150
200
250
300
350
400
Total Units Sold by Type
Detached Condo
267
90%
29
10%
Total Units Sold by TypeCurrent Month
Detached Condo
128
43%
119
40%
32
11%
9
3%
8
3%
Total Units Sold by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
20
40
60
80
100
120
140
160
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
57
Roanoke Metropolitan Area - September 2013
3,1
53
3,0
14
2,8
07
2,5
18
2,5
54
2,6
39
2,7
79
2,9
12
2,9
51
2,9
65
2,9
41
2,9
10
2,8
19
2,7
18
2,5
76
2,3
36
2,3
33
2,3
74
2,4
82
2,6
11
2,7
70
2,8
11
2,7
67
2,7
46
2,6
73
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Active Inventory
766
816
743
293
173
684
751
723
311
164
0
200
400
600
800
1,000
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Total Active InventoryOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-14
%
-13
%
-14
%
-15
%
-12
%
-10
%
-12
% -10
%
-11
%
-12
%
-13
% -11
% -11
%
-10
%
-8% -7
%
-9%
-10
%
-11
%
-10
%
-6% -5
%
-6%
-6% -5%
-17%
-15%
-13%
-11%
-9%
-7%
-5%
-3%
-1%
1%
Total Active InventoryPercent Change Year/Year
●
● Versus last September, the total
number of homes available was lower
by 146 units or 5%.
September's total active inventory of
2,673 units was 3% lower than the
previous month's supply of inventory.
Highlights
® The Long & Foster Market Conditions Report
58
Roanoke Metropolitan Area - September 2013
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Active Inventory by Type
Detached Condo
2,376
89%
297
11%
Total Active Inventory
by TypeCurrent Month
Detached Condo
947
35%
1,011
38%
331
12%
174
7%
210
8%
Total Active Inventory by
Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
59
Roanoke Metropolitan Area - September 2013
94
.6%
93
.4%
94
.1%
94
.2%
92
.9%
94
.2%
94
.2%
94
.8%
94
.7% 95
.1% 9
5.6
%
94
.8%
94
.5%
94
.6%
94
.6%
94
.3%
94
.3%
94
.1%
95
.3%
96
.0%
95
.7%
95
.7%
96
.4%
95
.0%
94
.6%
91.0%
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
Average Sale Price as a Percent of List Price
95.4
%
95.5
%
92.0
%
96.9
%
95.3
%
95.0
%
94.0
%
93.6
%
95.6
%
96.6
%
86.0%
88.0%
90.0%
92.0%
94.0%
96.0%
98.0%
100.0%
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Sale Price as % of List PriceOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago102 108
Down -6% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago94.6% 94.5%
Up 0.1% Vs. Year Ago
75%
80%
85%
90%
95%
100%
Average Sale Price as a Percent of List Price by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
105
116121
128
114
100
120117
123
114
108111
108
118117
99
114
126126
108109
99103
98102
50
60
70
80
90
100
110
120
130
140Days on Market
® The Long & Foster Market Conditions Report
60
Roanoke Metropolitan Area - September 2013$
34
,91
9
$4
3,2
41
$4
0,4
18
$4
1,0
42
$2
3,3
65
$3
0,6
57
$3
6,8
16
$4
0,9
20 $5
0,1
30
$6
3,2
41
$4
6,6
62
$6
2,3
55
$4
7,5
63
$5
2,5
80
$4
7,0
79
$3
6,3
06
$3
1,3
75
$3
8,6
45
$4
0,3
80
$5
6,4
95
$7
4,4
76
$7
7,9
59
$7
3,9
95
$7
9,1
28
$6
0,2
54
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
Total Dollar Volume SoldIn Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago$60,253,601 $47,562,786
Up 27% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago9.0 12.1
Down -25% Vs. Year Ago
14
.7
12
.8 13
.3
12
.0
16
.4
13
.1
12
.5
12
.7
10
.6
10
.1
12
.1
9.3
12
.1
9.5 1
0.5 1
1.6
12
.1
10
.9
10
.7
8.5
7.6 7.9 8.0
7.9
9.0
0
2
4
6
8
10
12
14
16
18
Months of SupplyCurrent Month's Active Inventory/Current Month's Unit Sales
●
●
Total volume sold this September was
27% greater than the same month one
year ago.
In September, there was 9.0 months of
supply available, compared to 12.1 in
September 2012. That was a decrease
of 25% versus a year ago.
Highlights
® The Long & Foster Market Conditions Report
61
Roanoke Metropolitan Area - September 20135
18
44
8
38
1
33
5
55
1
49
5
66
4
66
2
55
1
53
2
52
0
52
6
47
5
46
4
36
9
29
4
49
4 51
9
69
2 72
3
69
7
53
8 56
8
57
7
56
1
22
9
21
0
20
2
16
8
22
8
20
4
28
0
29
4
29
5
25
3 27
9
28
2
24
9
23
7
20
1
17
2
25
3
25
3
33
6 38
9
34
1
29
9 34
5
31
0
31
6
0
100
200
300
400
500
600
700
800
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago561 475
Up 18% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago316 249
Up 27% Vs. Year Ago
2.32.1
1.92.0
2.4 2.4 2.42.3
1.9
2.1
1.9 1.9 1.9 2.01.8
1.7
2.02.1 2.1
1.9
2.0
1.81.6
1.91.8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Supply/Demand RatioNumber of New Listings to New Contracts
145
164
86
43
34
179
165
93
72
44
0
50
100
150
200
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
New ListingsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
81
81
39
27
17
112
94
50
37
23
0
50
100
150
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
New ContractsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.8,
a decrease of 7% from September 2012.
Highlights
