User87828_1_t Beth Paisley
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Many buyers are seeking more house for their money. It does however involve a longer commute if you have to drive toward D.C. New homes here are large and well appointed. You can also find nice more affordable homes in the well established sections of the county.

There are many homes to choose from! Sellers are understanding of the 'new' market conditions & are ready to sell. We are seeing an increase in viewings and contracts!

It's still very much a buyer's market in Frederick County/Winchester area. The prices in some areas have fallen because of the buyers playing hardball with the sellers and there is a lot of inventory for a potential purchaser to choose from.

Today's buyers are looking for homes that are ready to move into where they would have minimal work to do as far as repairs are concerned. Houses that have been upgraded are guaranteed to sell faster than those without upgrades. For example: Granite, stainless steel, freshly painted and hardwoods are the words the buyers want to hear.

It takes a strong realtor to negotiate well on behalf of a seller to get a good price for their home. In this market it is very important to market each home to their fullest potential.

In 2008, I have been selling my listings faster than most. I am looking for new clients to benefit from my high technology and strong customer service levels.

http://realtytimes.com/112/bpaisley

 
Report Date Spring 2008
Nearest Metro Area 
Buyers' or Sellers' Market More sellers than buyers
Average Time on Market More than 120 days
Market Trend Increasing
Housing Inventory Good supply - all prices
Average Home Prices $275,000
Compared to last year Down 15-20%
Prices As % of Asking Price 85-90%
Multiple Offers? Yes
Greatest Activity First Time Buyers
Housing Hot Spots Foreclosures are the hot spot. We are getting multiple offers and they are selling within days of going on the market.
Reason to Buy/Sell Job Growth
Other Comments Our market is much more active than the public thinks. They listen to all of the down play from the media. They do not realize that the worst areas are not here. Our job growth is wonderful so we do still have an active market.
 

In the first two months of the fourth quarter, 272 jobs were added to the payrolls of Frederick County. As

a result of these new jobs, the average monthly unemployment rate fell from 2.9% during the third

quarter to 2.8% for October and November. The strong employment climate may help to create demand

for home purchases. Favorable mortgage rates should augment this trend.

                                                  Q3' 07           Q4' 07           

Average Price                      $294,300      $277,600

# Homes on the Market     1,684            1,491

# Homes Sold                        198                219

# New Homes Built              102                57

Avg # of Days on Market  102                114

Posted by MRIS

 

Welcome to the top of Virginia! Winchester is located in the northern most part of Virginia, is rich in history is and rapidly growing in technology. Located in the Shenandoah Valley, Winchester played a major part in Civil War battles, is home to many apple orchards and packaging companies, and is the birthplace of country music legend Patsy Cline. These are just a few of the attractions that Winchester has to offer. 

Winchester is home of The Shenandoah Apple Blossom Festival, held annually during the first weekend in May. The festival, which has been celebrated for over 75 years, has attracted such celebrities as Lucille Ball, Mary Tyler Moore and Dan Aykroyd. 

The public schools in the Winchester and Frederick County areas are at the top of their class in both academics and sports. Over the past five years both the city and county high school athletic teams have competed at state competition. 

The real estate market in the Winchester area is booming and new subdivisions are being constructed everywhere to try and meet the demand. With the area's low homeowners taxes and close proximity to Washington DC--for people who work in the city but don't want to live there--everyone is discovering what a great place Winchester is. 

Request my Free Winchester Relocation Package. It's packed full of useful and important information about the Winchester, Virginia area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
 
Two choral ensembles from Shenandoah University will perform at 7 p.m. Friday as part of the Shenandoah Art Council's seventh annual Black History Month Celebration.

The Shenandoah Singers, an a cappella group, and Harambee, a gospel choir, will each perform as part of the Council's weekend performance series. Both are free and open to the public.

Shenandoah Singers is a vocal chamber ensemble designed for students interested in studying repertoire drawn from the popular music tradition. This select ensemble of 8 to 12 singers performs an eclectic repertoire of a cappella jazz, pop, and world music.

The program will last about an hour and will include a punch and cookie reception during intermission.

For more information on this event, call 667-5166 or e-mail info@shenarts.org

 

The concert is free to the public. There are no reserved seats, but tickets are required. They may be obtained at the box office or set aside for pickup before 6:45 p.m. Friday by calling 665-4569.

 
Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator - <$30K to >$500K Format

Frederick County, VA
From: 01/01/2008 to 01/31/2008                Statistics generated on: 02/06/2008

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop and
Ground Rent

Residential
  

Condo
Coop and
Ground Rent

of Units Sold
(No. of Units)

Under $30,000

0

0

0

0

0

0

1 -30 Days

9

$30,000-$39,000

0

0

0

0

0

0

31-60 Days

5

$40,000-$49,999

0

1

0

0

1

0

61 - 90 Days

6

$50,000-$59,999

0

0

0

0

0

0

91-120 Days

5

$60,000-$69,999

0

0

0

0

0

1

Over 120 Days

25

$70,000-$79,999

0

0

0

0

2

0

Total

50

$80,000-$89,999

0

0

0

0

0

0

$90,000-$99,999

0

0

0

0

3

0

Type of Financing
of Units Sold
(No. of Units)

$100,000-$119,999

1

0

1

0

5

0

$120,000-$139,999

0

0

0

1

8

2

Conventional

28

$140,000-$159,999

2

1

1

0

38

9

FHA

5

$160,000-$179,999

1

2

1

0

57

0

VA

1

$180,000-$199,999

0

7

1

0

102

1

Assumption

6

$200,000-$249,999

0

5

3

0

176

0

Cash

7

$250,000-$299,999

0

0

2

0

197

1

Owner Finance

2

$300,000-$399,999

1

3

13

0

232

0

All Other

1

$400,000-$499,999

0

1

1

0

103

0

Unreported

0

Over $500,000

0

0

1

0

107

0

Total

50

Totals

5

20

24

1

1031

14

Grand Totals

501045
  2008   2007   % Change
Total Sold Dollar Volume: $ 12,678,199$ 14,704,560 - 13.78 %
Average Sold Price:$ 253,564$ 277,445 - 8.61 %
Median Sold Price: $ 223,500$ 267,000 - 16.29 %
Total Units Sold: 5053 - 5.66 %
Average Days on Market:137126 8.73 %
Average List Price for Solds:$ 286,757$ 292,997 - 2.13 %
Avg Sale Price as a percentage of Avg List Price:88.42 % 94.69 %
Total Number of NEW listings
taken for the month: 232

Total Number of Properties   
marked Contract for the month: 49
Total Number of Properties   
marked Contingent for the month: 26

Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 75

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

 
Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator - <$30K to >$500K Format

Winchester City, VA
From: 01/01/2008 to 01/31/2008                Statistics generated on: 02/06/2008

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop and
Ground Rent

Residential
  

Condo
Coop and
Ground Rent

of Units Sold
(No. of Units)

Under $30,000

0

0

0

0

0

0

1 -30 Days

1

$30,000-$39,000

0

0

0

0

0

0

31-60 Days

2

$40,000-$49,999

0

0

0

0

0

0

61 - 90 Days

3

$50,000-$59,999

0

0

0

0

0

0

91-120 Days

0

$60,000-$69,999

0

0

0

0

0

0

Over 120 Days

5

$70,000-$79,999

0

0

0

0

0

0

Total

11

$80,000-$89,999

0

0

0

0

0

0

$90,000-$99,999

0

0

0

0

0

0

Type of Financing
of Units Sold
(No. of Units)

$100,000-$119,999

0

0

0

0

3

0

$120,000-$139,999

1

0

2

0

9

0

Conventional

9

$140,000-$159,999

0

0

0

0

10

0

FHA

0

$160,000-$179,999

0

0

0

0

15

0

VA

1

$180,000-$199,999

0

1

0

0

30

0

Assumption

0

$200,000-$249,999

1

1

0

0

41

0

Cash

1

$250,000-$299,999

0

1

3

0

51

0

Owner Finance

0

$300,000-$399,999

0

0

0

0

42

0

All Other

0

$400,000-$499,999

0

0

1

0

27

0

Unreported

0

Over $500,000

0

0

0

0

18

0

Total

11

Totals

2

3

6

0

246

0

Grand Totals

11246
  2008   2007   % Change
Total Sold Dollar Volume: $ 2,537,000$ 4,474,125 - 43.30 %
Average Sold Price:$ 230,636$ 263,184 - 12.37 %
Median Sold Price: $ 217,000$ 232,000 - 6.47 %
Total Units Sold: 1117 - 35.29 %
Average Days on Market:183112 63.39 %
Average List Price for Solds:$ 250,200$ 282,453 - 11.42 %
Avg Sale Price as a percentage of Avg List Price:92.18 % 93.18 %
Total Number of NEW listings
taken for the month: 55

Total Number of Properties   
marked Contract for the month: 4
Total Number of Properties   
marked Contingent for the month: 4

Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 8

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

 


When preparing to sell your home, it is useful to know how homebuyers respond when they look at a house. Very few people will buy a home because they are attracted by fantastic bathrooms. Buyers do react to bathrooms that are not cared for, however, because they view them as a reflection of the overall condition of the property.

Many buyers know that plumbing repairs potentially represent a major expense. They get nervous about dripping faucets, loose tiles, and running toilets. Your pre-marketing preparations should include making sure that your plumbing is working properly and that any cosmetic damage caused by former leaks has been repaired.

Keep the bathroom spotless while your home is on the market. Remove any traces of mold or mildew and scour away any build-up on the bathtub and basin. Re-caulk around the tub and shower, if necessary. A new shower curtain, bath mat, plush towels and scented soap can help give the buyer one more positive reason for liking your home! 

 http://www.bethsellswinchester.com/

 

1: Cut Costs
Home inspections generally cost between $300 and $400 in my area- If your buyer unknowingly purchases a home needing a new roof, that cost is passed entirely to him or her. However, if a home inspector determines a new roof is needed, at least part of that cost might be subtracted from the selling price of a home or split between the buyer and seller.

2: Great Learning Opportunity
Your buyer will find out quite a bit about the house he or she is buying and have a better idea of what maintenance areas need attention.  They should be able to follow the home inspector as they do their work. Often, home inspectors will describe what they're doing and talk about routine maintenance as they perform the inspection.

3: Build a Better Budget
Because a home-inspection report points out potential problems with a house, it can help your buyer's budget for upcoming repair expenses and prioritize work that needs to be done.

 

 
 
Real Estate Agent: Beth Paisley (Long and Foster/Webber and Associates)
Beth Paisley
Winchester, VA
More about me…
Long and Foster/Webber and Associates

Office Phone: (540) 450-3208
Cell Phone: (540) 327-2813
Email Me
Talking about the real estate market in Winchester, VA and surrounding Eastern Panhandle.


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