Real estate in Winchester, VA has only seen minor changes during the first three weeks of April. The trend for 2012 has been a decline in distressed properties and an increase in fair market properties. At the beginning of April, there were 582 available listings. Today, there are 580 available listings. That is a minor change, but it does hint at a slowing of the market.
Winchester has increased in foreclosures from 4 on April 1 to 7, three weeks later. That may seem like a small number, but it is a 43% increase in lender owned properties. Short sales in the city of Winchester have also increased by 1 from 11 on April 1st to 12 today.
Frederick County has seen a similar trend. Foreclosures are up 18% from 27 to 33. Short sales have followed an inverse trend from 43 to 40 from April 1 to April 21. Can a trend be forming? Is it a slower market? Is it an increase in distressed properties. It is hard to say at this point. Three weeks is a small view of the current market, but one thing it does show is that real estate in Winchester, VA has only seen minor changes during the month of April.
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