$109K  
On top of a 16.7% reduction in sales numbers this week to land at five homes sold over the last 30 days, the Colonial Beach market still shows an emerging trend downward overall. The median sales price dropped to $177,000 over the latest reporting period for Colonial Beach, down from $178,500. With a downward trend in sales numbers and 12 months of inventory still left to work through, Colonial Beach is a definite buyer's market.
Comments:

$214K  
The number of price cuts in the Colonial Beach market climbed to nine over the last 30 days, furthering a solid positive trend. Perhaps due to the decreases in list prices, sales increased to six homes sold. Prices are falling in Colonial Beach, and this period the median price of all sales fell from $186,750 to $178,500. Colonial Beach is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 10 months of remaining inventory.
Comments:

$109K  
The Colonial Beach market showed some weakness, with a record low four homes sold in the last 30 days. Sales showed a 20.0% decrease from the prior period, returning to a low not seen since December. In comparison, St. Charles led all other nearby municipalities with 59 sales. At the same time that sales reached a bottom, months of inventory rose to 16, its highest point since December. The downward trend in sales numbers and the high inventory indicate that Colonial Beach is still a definite buyer's market.
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$285K  
With 3,542 residents, Colonial Beach is a larger than average city in Virginia. Also, with a 13.2% increase over the last 10 years, its population is growing faster than other parts of the state. Colonial Beach is made up of homes that are relatively old with a median of 36 years. The top school in the city is Colonial Beach Elementary School.
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$545K  
A bump in the number of contracts in the Colonial Beach market over the last 30 days resulted the highest amount since August. 14 homes went under contract to go along with five completed sales. In comparison, St. Charles had 96 contracts executed in the same time frame, the most of all nearby municipalities. The median sales price climbed to $193,500 over the latest reporting period for Colonial Beach, up from $167,750. Colonial Beach is a definite buyer's market, thanks to a big 12 months of inventory to choose from and a pullback in sales.
Comments:

$214K  
Sales in the Colonial Beach market fell to six homes sold over the last 30 days, while the number of sellers reducing their list prices reached eight, which continues a recent upward trend in price reductions. Prices are falling in Colonial Beach, and this period the median price of all sales fell from $187,450 to $167,750. Colonial Beach is a definite buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
Comments:

$585K  
Home sales in the Colonial Beach market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 11.1% to eight homes sold over the last 30 days. Within the same time frame, St. Charles had 47 sales, the most of all cities in the area. Months of inventory continued a steady fall, trending downwards for eight weeks to reach seven months. Colonial Beach is a solid buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$695K  
This week saw another record in a three-week trend in sales growth for the Colonial Beach market. It resulted in nine homes selling over 30 days, which is a 12.5% jump from last week's number and also the highest amount since November. In comparison, St. Charles had 42 sales in the same time frame, the most of all nearby municipalities. Prices are rising in Colonial Beach, and the median sales price this period increased from $187,450 to $189,900.
Comments:

$585K  
Over the last 30 days, the Colonial Beach market had a lift in home sales with eight. But as sales edged up, the number of pending transactions continued to decline, with a total of seven contracts during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price in Colonial Beach stayed put this week at $187,450. Colonial Beach is still a definite buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:

$699K  
Colonial Beach has a much younger population than other areas in Virginia with a median age of 46 years. It is also somewhat affluent with a median income of $44,667 per household. The Colonial Beach market is primarily made up of detached houses, which currently account for 86% of the homes for sale in the area. The best school in the city is Colonial Beach Elementary School.
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