Real Estate Market Update for 22611 (Berryville, VA)
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 32% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 400-thousand dollars. The number of units sold increased 17% year-over-year, and increased 56% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 22611 (Berryville, VA)
Area Information for 22611 (Berryville, VA)
  • Population: 8,967
  • Median Age: 45.98 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 5%
  • Population Density: 111/sq mi
  • Population Change Since 2000: 18.43%
  • Closest Airport: Washington Dulles International
  • Closest College: Shenandoah University
  • Closest Jr. College: Lord Fairfax Community College
  • Median Household Income: $79,264
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $275,175
  • Closest Major Sports Team: Hagerstown Suns (a)
  • Change Avg. Household Income Since 2000: 71.63%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 22611 (Berryville, VA)
Median Age: 45.98 Married: 53% Number of Households: 3,435 Households with Children: 831
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 22611 (Berryville, VA)

      School Name Distance Type Grades School Rating Parent Rating
      Clarke County High School 0.5 mi Public 9-12 3 4
      D G Cooley Elementary School 0.8 mi Public 4-5 1 0
      Johnson-williams Middle School 1.0 mi Public 6-8 3 0
      Keystone Christian Academy 4.4 mi Private PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 22611 (Berryville, VA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.