FAAR recently sent a letter to the Spotsylvania County Board of Supervisors expressing concerns about potential changes to the Annual Exempt Subdivision ordinance. President Randy Walther expressed concerns about reducing the number of allowable lots for annual...
The spring housing market is off to a swift start with April numbers posting considerable increases in units sold and total sold dollar volume coupled with modest price appreciation compared to April of 2023. Median home prices were up 3% from last year, settling at...
The local housing market showed surprising price growth in March despite persistent year-over-year demand decreases. Median price was up nearly 8% year-over-year coming in at $449,949 this March compared to $420,000 last year. Total sold volume remained static from...
Please see below for an update on an issue that the builders are tracking that could impact property owners trying to subdivide their lots. Spotsylvania County is looking to amend its subdivision ordinance that currently allows 1 division per year for up to 6 total...
The February real estate market continued the trend of increasing prices and falling demand, but also showed some promising signs for the those waiting for more inventory with a slight increase in active listings and a large increase in new listings compared to last...
The local housing market started the year out with a bang, racking up year-over-year increases in units sold and total dollar volume for the first time in nearly two years. January closed with approximately $153 million in total sales volume, an almost 8% increase...
