- Year-over-year median housing prices in the region dipped in September for the first time in more than two years, according to the Fredericksburg Area Association of Realtors (FAAR). The median sold price was $462,500, down from $472,000 in September 2024. That was just the second time in six years that the market has seen any year-over-year price drops. Despite that region-wide drop, several area localities had year-over-year price increases — including Caroline County, which experienced its record median price point at $405,000, a 13-percent increase year-over-year. Homes spent an average of 41 days on the market before receiving a ratified contract. Inventory continued to grow in September, finishing out the month with 1,333 active listings compared to 917 last year.
- FAAR Board of Directors member Phillip Blake said: “September continued August’s trend with signs of a normal fall market. Increasing inventory has given buyers more options, allowing them to search patiently while negotiating contingencies that offer them protection as they perform their due diligence. We continued to see sellers offering price improvements, as well as seller-paid concessions. There seems to have been an increase in buyer activity toward the end of September, coinciding with lower interest rates. All in all, September continued a welcoming trend towards normalcy returning to our market.”
- Here are locality-by-locality housing data for September:
- There were 60 homes sold in the past week in the Fredericksburg area, according to FAAR, including one home near the University of Mary Washington that went for $1.25 million. Check back weekly for the new list.
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Boot Barn recently opened in Central Park.
Here are among the businesses that have recently opened or are expected to open soon in Fredericksburg:
- Boot Barn at 1280 Carl D. Silver Parkway in Central Park (former Party City space)
- The Fearless Gluten-Free Cafe at 610 Caroline St. downtown
- Uptown Cheapskate at 2293 Carl D. Silver Parkway in the Wegmans building
- Computer Cave at 1255 Carl D. Silver Parkway in Central Park
- Total Massage & Bodywork at 2105 Plank Road, Suite 400 (new location)
- Smugglers Cafe at 604 Caroline St. downtown
- Mu Cha at 1005 Princess Anne St., second floor (former location of Bumblebee Fredericksburg)
- Cheeky’s on Kenmore Avenue in Fredericksburg is the subject of this week’s Biz Beat Clips video.
- Trolley Tours of Fredericksburg owner Heidi Bass is the guest on this week’s edition of the Biz Beat Banter podcast.
- Stafford-based moving, logistics and workplace-solutions company Hilldrup has integrated WeSolve Workplace Environments into the Hilldrup brand. Hilldrup had been operating WeSolve as a stand-alone subsidiary.
- Fredericksburg-based Home & Heart Health Inc. has been recognized by Newsweek as one of the top-300 home-healthcare agencies in the nation and one of only seven to make the list in Virginia. The business opened in 1997.
- Monday’s Architectural Review Board agenda offers a view of what the new Kilwins location will look like at 721 Caroline St. in downtown Fredericksburg. Kilwins is an ice cream/chocolate shop with several locations throughout the D.C. metro area.
Kilwins, a popular ice cream, fudge and candy shop, is in the works downtown.
- An Oct. 29 public hearing is scheduled before the Stafford Planning Commission regarding Texas-based Buc-ee’s proposal to build what would be its third Virginia location near the intersection of Interstate 95 and Courthouse Road.
- Another large data center campus is proposed in Spotsylvania. Plans for the “Massaponax Tech Campus” call for up to 6 million square feet of data center buildings on 589 acres of land between Summit Crossing Road, the railroad line, U.S 17 and Massaponax Church Road. A rezoning is required for the project.
Biz Beat Roundup runs every Wednesday and includes a roundup of business news from around the Fredericksburg region. Send submissions to: bill.freehling@fredericksburgfreepress.com
