Bluefield Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bluefield averaged
6.93%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.16% and
one month ago for the week of 2023-02-09, the
average rate was 6.45%.
Bluefield's average rate one year ago was 3.79%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.91%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Bluefield 30 Year Fixed Rate | 2023-03-16 | 6.93% |
Bluefield 30 Year Fixed Rate Refi | 2023-03-16 | 6.91% |
Bluefield 15 Year Fixed Rate | 2023-03-16 | 7.08% |
Bluefield 15 Year Fixed Rate Refi | 2023-03-16 | 6.42% |
Bluefield 30 Year FHA | 2023-03-16 | 6.28% |
Bluefield 30 Year FHA Refi | 2023-03-16 | 6.06% |
Bluefield 30 Year USDA | 2023-03-16 | 6.7% |
Bluefield 30 Year USDA Refi | 2023-03-16 | 6.05% |
Bluefield 30 Year VA | 2023-03-16 | 6.5% |
Bluefield 30 Year VA Refi | 2023-03-16 | 6.08% |
Bluefield Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Bluefield, WV-VA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Bluefield Average Closing Costs & Other Stats
Bluefield, WV-VA's 64 lenders originated 1,382
loans during 2022. The total origination value was $210,960,000, with an average loan value of
$152,648.
Bluefield's average closing costs are $4,537.
The top Bluefield lender as defined by loan originations is First Community Bank, with
82 loans originated. Their average total fees are
$3,282, which is $1,517
lower than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee Bluefield lenders (with over 10 loans originated) are
City National Bank of West Virginia ($1,496), Summit Community Bank, Inc. ($3,102), First Community Bank ($3,282), Truist ($3,710) and MOVEMENT MORTGAGE, LLC ($4,036).
The lowest rate Bluefield lenders (with over 10 loans originated) are
City National Bank of West Virginia (4.41%), First Community Bank (4.49%), QUICKEN LOANS, LLC (4.76%), Truist (4.80%) and MOVEMENT MORTGAGE, LLC (5.01%).
Bluefield, WV-VA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
First Community Bank | $52,630,000 | $35,520,000 | -32.5% | 16.8% |
Atlantic Union Bank | $31,340,000 | $27,875,000 | -11.1% | 13.2% |
QUICKEN LOANS, LLC | $30,945,000 | $16,100,000 | -48.0% | 7.6% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $12,235,000 | $12,685,000 | 3.7% | 6.0% |
MOVEMENT MORTGAGE, LLC | $14,325,000 | $11,955,000 | -16.5% | 5.7% |
ValleyStar Credit Union | $8,140,000 | n/a | 3.9% | |
Truist | $11,560,000 | $7,485,000 | -35.3% | 3.5% |
Summit Community Bank, Inc. | $13,670,000 | $7,425,000 | -45.7% | 3.5% |
New Peoples Bank, Inc. | $11,465,000 | $6,365,000 | -44.5% | 3.0% |
MCNB Bank and Trust Co. | $3,285,000 | $5,070,000 | 54.3% | 2.4% |
Mortgage Research Center, LLC | $5,025,000 | $4,780,000 | -4.9% | 2.3% |
Wells Fargo Bank | $2,680,000 | $4,035,000 | 50.6% | 1.9% |
City National Bank of West Virginia | $2,690,000 | $3,715,000 | 38.1% | 1.8% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $8,720,000 | $3,450,000 | -60.4% | 1.6% |
NATIONAL BANKSHARES, INC. | $2,130,000 | $3,155,000 | 48.1% | 1.5% |
Alcova Mortgage LLC | $2,860,000 | $2,745,000 | -4.0% | 1.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,380,000 | $2,660,000 | -21.3% | 1.3% |
Renasant Bank | $3,480,000 | $2,315,000 | -33.5% | 1.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,930,000 | $2,215,000 | -24.4% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $3,345,000 | $1,940,000 | -42.0% | 0.9% |
NAVY FEDERAL CREDIT UNION | $1,755,000 | $1,855,000 | 5.7% | 0.9% |
FIRST BANCORP, INC. | $3,340,000 | $1,675,000 | -49.9% | 0.8% |
TOWNE MORTGAGE COMPANY | $2,245,000 | $1,670,000 | -25.6% | 0.8% |
Blue Ridge Bank | $3,160,000 | $1,540,000 | -51.3% | 0.7% |
Farm Credit of the Virginias, ACA | $885,000 | $1,405,000 | 58.8% | 0.7% |
21ST MORTGAGE CORPORATION | $2,700,000 | $1,370,000 | -49.3% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $2,025,000 | $1,270,000 | -37.3% | 0.6% |
FREEDOM FIRST | $75,000 | $1,220,000 | 1,526.7% | 0.6% |
The Bank of Marion | $360,000 | $1,180,000 | 227.8% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $5,255,000 | $1,125,000 | -78.6% | 0.5% |
LOANDEPOT.COM, LLC | $4,390,000 | $1,075,000 | -75.5% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $1,905,000 | $1,045,000 | -45.1% | 0.5% |
Citizens Bank | $880,000 | $765,000 | -13.1% | 0.4% |
BROKER SOLUTIONS, INC. | $670,000 | $735,000 | 9.7% | 0.3% |
Celco Community Federal Credit Union | $690,000 | n/a | 0.3% | |
NEWREZ LLC | $535,000 | $665,000 | 24.3% | 0.3% |
BETTER MORTGAGE CORPORATION | $700,000 | $645,000 | -7.9% | 0.3% |
CALIBER HOME LOANS, INC. | $915,000 | $630,000 | -31.1% | 0.3% |
EASTMAN | $1,305,000 | $625,000 | -52.1% | 0.3% |
UNION HOME MORTGAGE CORP. | $615,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $1,560,000 | $610,000 | -60.9% | 0.3% |
Flagstar Bank, FSB | $55,000 | $605,000 | 1,000.0% | 0.3% |
Barrington Bank & Trust Company, N.A. | $1,555,000 | $580,000 | -62.7% | 0.3% |
Skyline National Bank | $455,000 | $580,000 | 27.5% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $160,000 | $575,000 | 259.4% | 0.3% |
Waterstone Mortgage Corporation | $575,000 | n/a | 0.3% | |
Paramount Residential Mortgage Group, Inc. | $215,000 | $525,000 | 144.2% | 0.2% |
CMG MORTGAGE, INC. | $510,000 | n/a | 0.2% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $140,000 | $480,000 | 242.9% | 0.2% |
Truliant Federal Credit Union | $1,310,000 | $440,000 | -66.4% | 0.2% |
Carrington Mortgage Services, LLC | $910,000 | $435,000 | -52.2% | 0.2% |
UNITED WHOLESALE MORTGAGE, LLC | $515,000 | $420,000 | -18.4% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $1,015,000 | $415,000 | -59.1% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $415,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $715,000 | $395,000 | -44.8% | 0.2% |
HANCOCK MORTGAGE PARTNERS, LLC | $145,000 | $375,000 | 158.6% | 0.2% |
The Huntington National Bank | $510,000 | $375,000 | -26.5% | 0.2% |
First Reliance Bank | $365,000 | n/a | 0.2% | |
EMBRACE HOME LOANS, INC. | $1,180,000 | $360,000 | -69.5% | 0.2% |
The First National Bank of Peterstown | $360,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $2,140,000 | $345,000 | -83.9% | 0.2% |
Virginia Credit Union, Inc. | $530,000 | $335,000 | -36.8% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $190,000 | $310,000 | 63.2% | 0.1% |
RESIDENTIAL BANCORP. | $305,000 | n/a | 0.1% | |
U.S. Bank | $635,000 | $295,000 | -53.5% | 0.1% |
First Federal Bank of the Midwest | $285,000 | n/a | 0.1% | |
Nations Lending Corporation | $355,000 | $285,000 | -19.7% | 0.1% |
Gateway First Bank | $95,000 | $260,000 | 173.7% | 0.1% |
GUARANTEED RATE, INC. | $105,000 | $255,000 | 142.9% | 0.1% |
CRESCENT MORTGAGE COMPANY | $245,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $245,000 | n/a | 0.1% | |
F & M BANK CORP. | $235,000 | n/a | 0.1% | |
NBKC BANK | $225,000 | n/a | 0.1% | |
FIRST COMMUNITY MORTGAGE, INC. | $425,000 | $220,000 | -48.2% | 0.1% |
SIRVA MORTGAGE, INC. | $215,000 | n/a | 0.1% | |
CBM Mortgage, Inc. | $290,000 | $200,000 | -31.0% | 0.1% |
NASA Federal Credit Union | $195,000 | n/a | 0.1% | |
HOME POINT FINANCIAL CORPORATION | $725,000 | $185,000 | -74.5% | 0.1% |
NFM, INC. | $85,000 | $185,000 | 117.6% | 0.1% |
Pinnacle Bank | $185,000 | n/a | 0.1% | |
Figure Lending LLC | $180,000 | n/a | 0.1% | |
GUARANTY HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
LOANPAL, LLC | $175,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $165,000 | n/a | 0.1% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $155,000 | n/a | 0.1% | |
Sierra Pacific Mortgage Company, Inc. | $385,000 | $155,000 | -59.7% | 0.1% |
The Federal Savings Bank | $155,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $170,000 | $150,000 | -11.8% | 0.1% |
NBH Bank | $150,000 | n/a | 0.1% | |
C & F Mortgage Corporation | $115,000 | $145,000 | 26.1% | 0.1% |
VAN DYK MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
Discover Bank | $170,000 | $140,000 | -17.6% | 0.1% |
EMM LOANS LLC | $135,000 | n/a | 0.1% | |
North State Bank | $135,000 | n/a | 0.1% | |
Pendleton Community Bank, Inc. | $95,000 | $135,000 | 42.1% | 0.1% |
SPRING EQ, LLC | $135,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | $125,000 | 0.0% | 0.1% |
First Guaranty Mortgage Corporation | $230,000 | $125,000 | -45.7% | 0.1% |
ZILLOW HOME LOANS, LLC | $125,000 | n/a | 0.1% | |
First United Corporation | $115,000 | n/a | 0.1% | |
INTERLINC MORTGAGE SERVICES, LLC | $115,000 | n/a | 0.1% | |
BANK OF LITTLE ROCK MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
EVERETT FINANCIAL, INC. | $105,000 | n/a | 0.0% | |
First-Citizens Bank & Trust Company | $85,000 | $105,000 | 23.5% | 0.0% |
LENDINGHOME FUNDING CORPORATION | $105,000 | n/a | 0.0% | |
Mars Bank | $105,000 | n/a | 0.0% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $165,000 | $105,000 | -36.4% | 0.0% |
NUMARK CREDIT UNION | $105,000 | n/a | 0.0% | |
Ally Bank | $105,000 | $95,000 | -9.5% | 0.0% |
M&T Bank | $135,000 | $95,000 | -29.6% | 0.0% |
Chicago Mortgage Solutions LLC | $240,000 | $85,000 | -64.6% | 0.0% |
PNC Bank | $110,000 | $85,000 | -22.7% | 0.0% |
STOCKTON MORTGAGE CORPORATION | $200,000 | $85,000 | -57.5% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $35,000 | $85,000 | 142.9% | 0.0% |
NEW DAY FINANCIAL, LLC | $525,000 | $75,000 | -85.7% | 0.0% |
United Bank | $1,705,000 | $75,000 | -95.6% | 0.0% |
Hometown Lenders, Inc. | $185,000 | $55,000 | -70.3% | 0.0% |
BancorpSouth Bank | $35,000 | n/a | 0.0% | |
United States Senate Federal Credit Union | $35,000 | n/a | 0.0% | |
Consolidated Federal Credit Union | $25,000 | n/a | 0.0% | |
DUPACO COMMUNITY | $125,000 | $25,000 | -80.0% | 0.0% |
Bluefield's top lender by overall market share is First Community Bank, with 16.8% market share. In second place, with 13.2%, is Atlantic Union Bank, having originated $27,875,000 in loans. In third place, with 7.6%, is QUICKEN LOANS, LLC, having originated $16,100,000 in loans. In fourth place, with 6.0%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $12,685,000 in loans. In fifth place, with 5.7%, is MOVEMENT MORTGAGE, LLC, having originated $11,955,000 in loans.
Bluefield Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Bluefield (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $125,350 (0.3%) | $172,362 (2.3%) | 0.00 | 528 |
2018-02-01 | $125,000 (0.0%) | $175,156 (3.5%) | 0.00 | 521 |
2018-03-01 | $119,900 (-5.3%) | $174,905 (-1.2%) | 0.00 | 521 |
2018-04-01 | $126,200 (-2.2%) | $178,630 (2.4%) | 0.00 | 506 |
2018-05-01 | $126,075 (0.9%) | $179,130 (5.8%) | 0.00 | 534 |
2018-06-01 | $125,000 (0.2%) | $182,753 (6.9%) | 0.00 | 558 |
2018-07-01 | $125,725 (0.7%) | $183,102 (6.0%) | 0.00 | 581 |
2018-08-01 | $129,900 (4.0%) | $183,130 (6.8%) | 0.00 | 591 |
2018-09-01 | $139,900 (11.9%) | $191,208 (10.1%) | 0.00 | 587 |
2018-10-01 | $134,900 (8.0%) | $188,064 (7.9%) | 0.00 | 589 |
2018-11-01 | $136,250 (9.0%) | $190,374 (9.3%) | 0.00 | 545 |
2018-12-01 | $134,500 (7.6%) | $192,089 (11.4%) | 0.00 | 518 |
2019-01-01 | $129,950 (3.7%) | $189,154 (9.7%) | 0.00 | 482 |
2019-02-01 | $129,900 (3.9%) | $186,266 (6.3%) | 0.00 | 464 |
2019-03-01 | $132,064 (10.2%) | $173,562 (-0.8%) | 0.00 | 482 |
2019-04-01 | $132,989 (5.4%) | $171,264 (-4.1%) | 0.00 | 506 |
2019-05-01 | $129,974 (3.1%) | $170,257 (-5.0%) | 0.00 | 527 |
2019-06-01 | $132,250 (5.8%) | $172,837 (-5.4%) | 0.00 | 551 |
2019-07-01 | $132,250 (5.2%) | $171,308 (-6.4%) | 0.00 | 582 |
2019-08-01 | $135,591 (4.4%) | $173,401 (-5.3%) | 0.00 | 578 |
2019-09-01 | $137,227 (-1.9%) | $176,392 (-7.8%) | 0.00 | 559 |
2019-10-01 | $138,318 (2.5%) | $178,387 (-5.2%) | 0.00 | 540 |
2019-11-01 | $135,000 (-0.9%) | $184,580 (-3.0%) | 0.00 | 505 |
2019-12-01 | $131,213 (-2.4%) | $183,554 (-4.4%) | 0.00 | 462 |
2020-01-01 | $129,900 (0.0%) | $181,884 (-3.8%) | 0.00 | 439 |
2020-02-01 | $129,975 (0.1%) | $185,268 (-0.5%) | 0.00 | 438 |
2020-03-01 | $134,500 (1.8%) | $190,542 (9.8%) | 0.00 | 420 |
2020-04-01 | $135,000 (1.5%) | $196,505 (14.7%) | 0.00 | 403 |
2020-05-01 | $135,900 (4.6%) | $201,865 (18.6%) | 0.00 | 365 |
2020-06-01 | $139,925 (5.8%) | $201,313 (16.5%) | 0.00 | 348 |
2020-07-01 | $139,050 (5.1%) | $210,227 (22.7%) | 0.00 | 326 |
2020-08-01 | $145,000 (6.9%) | $232,560 (34.1%) | 0.00 | 299 |
2020-09-01 | $149,900 (9.2%) | $241,094 (36.7%) | 0.00 | 293 |
2020-10-01 | $152,250 (10.1%) | $243,856 (36.7%) | 0.00 | 306 |
2020-11-01 | $149,900 (11.0%) | $229,978 (24.6%) | 0.00 | 303 |
2020-12-01 | $148,250 (13.0%) | $214,580 (16.9%) | 0.00 | 285 |
2021-01-01 | $149,900 (15.4%) | $220,386 (21.2%) | 0.00 | 260 |
2021-02-01 | $152,225 (17.1%) | $219,133 (18.3%) | 0.00 | 235 |
2021-03-01 | $152,450 (13.4%) | $220,941 (16.0%) | 0.00 | 213 |
2021-04-01 | $157,450 (16.6%) | $231,492 (17.8%) | 0.00 | 201 |
2021-05-01 | $142,900 (5.2%) | $240,173 (19.0%) | 0.00 | 203 |
2021-06-01 | $139,450 (-0.3%) | $246,183 (22.3%) | 0.00 | 185 |
2021-07-01 | $139,900 (0.6%) | $245,197 (16.6%) | 0.00 | 194 |
2021-08-01 | $139,675 (-3.7%) | $241,208 (3.7%) | 0.00 | 195 |
2021-09-01 | $139,000 (-7.3%) | $238,502 (-1.1%) | 0.00 | 190 |
2021-10-01 | $134,950 (-11.4%) | $222,296 (-8.8%) | 0.00 | 188 |
2021-11-01 | $139,900 (-6.7%) | $232,497 (1.1%) | 0.00 | 173 |
2021-12-01 | $139,900 (-5.6%) | $235,655 (9.8%) | 0.00 | 158 |
2022-01-01 | $139,950 (-6.6%) | $234,570 (6.4%) | 0.00 | 143 |
2022-02-01 | $148,750 (-2.3%) | $247,907 (13.1%) | 0.00 | 128 |
2022-03-01 | $149,200 (-2.1%) | $255,896 (15.8%) | 0.00 | 112 |
2022-04-01 | $149,900 (-4.8%) | $267,162 (15.4%) | 0.00 | 116 |
2022-05-01 | $153,450 (7.4%) | $260,756 (8.6%) | 0.00 | 133 |
2022-06-01 | $151,950 (9.0%) | $257,260 (4.5%) | 0.00 | 140 |
2022-07-01 | $149,450 (6.8%) | $258,847 (5.6%) | 0.00 | 160 |
2022-08-01 | $154,925 (10.9%) | $256,924 (6.5%) | 0.00 | 167 |
2022-09-01 | $164,000 (18.0%) | $263,894 (10.7%) | 0.00 | 165 |
2022-10-01 | $169,450 (25.6%) | $262,105 (17.9%) | 0.00 | 161 |
2022-11-01 | $159,000 (13.7%) | $244,564 (5.2%) | 0.00 | 158 |
2022-12-01 | $169,000 (20.8%) | $269,742 (14.5%) | 0.00 | 162 |
2023-01-01 | $168,000 (20.0%) | $273,081 (16.4%) | 0.00 | 141 |
2023-02-01 | $179,000 (20.3%) | $276,835 (11.7%) | 0.00 | 126 |
Bluefield's median listing price comes in at 0% of the national average.
Bluefield's average listing price for 2023-02-01 was $276,835, a difference of $28,928 (11.7%) versus the prior year and $3,754 versus the prior month.
For the 2023-02-01 period, Bluefield had 126 MLS listings, a difference of -15 listings (-11%) versus the prior month and -2 listings (-2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bluefield (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,652 sqft |
2018-02-01 | 0 days | 1,646 sqft |
2018-03-01 | 0 days | 1,646 sqft |
2018-04-01 | 0 days | 1,656 sqft |
2018-05-01 | 0 days | 1,664 sqft |
2018-06-01 | 0 days | 1,680 sqft |
2018-07-01 | 0 days | 1,676 sqft |
2018-08-01 | 0 days | 1,680 sqft |
2018-09-01 | 0 days | 1,725 sqft |
2018-10-01 | 0 days | 1,695 sqft |
2018-11-01 | 0 days | 1,680 sqft |
2018-12-01 | 0 days | 1,656 sqft |
2019-01-01 | 0 days | 1,656 sqft |
2019-02-01 | 0 days | 1,674 sqft |
2019-03-01 | 0 days | 1,659 sqft |
2019-04-01 | 0 days | 1,653 sqft |
2019-05-01 | 0 days | 1,663 sqft |
2019-06-01 | 0 days | 1,668 sqft |
2019-07-01 | 0 days | 1,686 sqft |
2019-08-01 | 0 days | 1,701 sqft |
2019-09-01 | 0 days | 1,701 sqft |
2019-10-01 | 0 days | 1,701 sqft |
2019-11-01 | 0 days | 1,689 sqft |
2019-12-01 | 0 days | 1,642 sqft |
2020-01-01 | 0 days | 1,664 sqft |
2020-02-01 | 0 days | 1,670 sqft |
2020-03-01 | 0 days | 1,697 sqft |
2020-04-01 | 0 days | 1,702 sqft |
2020-05-01 | 0 days | 1,750 sqft |
2020-06-01 | 0 days | 1,747 sqft |
2020-07-01 | 0 days | 1,742 sqft |
2020-08-01 | 0 days | 1,788 sqft |
2020-09-01 | 0 days | 1,829 sqft |
2020-10-01 | 0 days | 1,809 sqft |
2020-11-01 | 0 days | 1,771 sqft |
2020-12-01 | 0 days | 1,800 sqft |
2021-01-01 | 0 days | 1,818 sqft |
2021-02-01 | 0 days | 1,819 sqft |
2021-03-01 | 0 days | 1,860 sqft |
2021-04-01 | 0 days | 1,844 sqft |
2021-05-01 | 0 days | 1,800 sqft |
2021-06-01 | 0 days | 1,712 sqft |
2021-07-01 | 0 days | 1,728 sqft |
2021-08-01 | 0 days | 1,721 sqft |
2021-09-01 | 0 days | 1,755 sqft |
2021-10-01 | 0 days | 1,598 sqft |
2021-11-01 | 0 days | 1,744 sqft |
2021-12-01 | 0 days | 1,720 sqft |
2022-01-01 | 0 days | 1,648 sqft |
2022-02-01 | 0 days | 1,744 sqft |
2022-03-01 | 0 days | 1,814 sqft |
2022-04-01 | 0 days | 1,779 sqft |
2022-05-01 | 0 days | 1,801 sqft |
2022-06-01 | 0 days | 1,751 sqft |
2022-07-01 | 0 days | 1,716 sqft |
2022-08-01 | 0 days | 1,769 sqft |
2022-09-01 | 0 days | 1,746 sqft |
2022-10-01 | 0 days | 1,822 sqft |
2022-11-01 | 0 days | 1,785 sqft |
2022-12-01 | 0 days | 1,844 sqft |
2023-01-01 | 0 days | 1,809 sqft |
2023-02-01 | 0 days | 1,867 sqft |
Bluefield's median square footage for active listings during the 2023-02-01 period was 1,867 sqft. One year prior, the average listing was 1,744 sqft.
Bluefield, WV-VA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 894 | $142,120,000 | $158,971 |
Refi | 214 | $39,240,000 | $183,364 |
Cash Out Refi | 153 | $20,725,000 | $135,458 |
Other | 66 | $5,530,000 | $83,788 |
Home Improvement | 55 | $3,345,000 | $60,818 |
Bluefield's most frequently cited loan purpose was Home Purchase, with 894 originations. The 2nd most popular reason was Refi, with 214 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 385 | $52,955,000 | $137,545 |
4-5% | 304 | $47,580,000 | $156,513 |
3-4% | 299 | $55,415,000 | $185,334 |
6-7% | 140 | $17,140,000 | $122,429 |
2.5-3% | 76 | $13,590,000 | $178,816 |
7-8% | 55 | $7,065,000 | $128,455 |
<2.5% | 34 | $4,140,000 | $121,765 |
Over 8% | 33 | $2,375,000 | $71,970 |
During 2022, Bluefield's most frequently originated rate bucket was 5-6%, with 385 originations.
Loan Sizing (Bluefield, WV-VA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 623 | $86,975,000 | $139,607 |
$100,000 or less | 502 | $33,030,000 | $65,797 |
$200k-400k | 212 | $55,650,000 | $262,500 |
$400k-600k | 31 | $14,505,000 | $467,903 |
$600k-1000k | 8 | $6,060,000 | $757,500 |
$Over $1MM | 6 | $14,740,000 | $2,456,667 |
Bluefield's loan sizing saw the bucket of loans from $100k-200k with 623 originations, totaling $86,975,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 802 | $127,680,000 | $159,202 |
60-80% | 285 | $39,345,000 | $138,053 |
40-60% | 117 | $15,915,000 | $136,026 |
20-40% | 71 | $4,805,000 | $67,676 |
Under 20% | 28 | $1,050,000 | $37,500 |
Over 100% | 17 | $11,025,000 | $648,529 |
Bluefield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 802 originations, totaling $127,680,000 in origination value.