Real estate sales in Oakdale Crossing have mirrored much of the City of Winchester throughout 2012. This beautiful neighborhood has seen its share of foreclosures and short sales, but overall, the majority of it's 2012 sales were fair market sales. That's an improvement from the years since the market decline in 2008.
Of the 12 houses sold in Oakdale Crossing in 2012, 66% were fair market sales. There were 2 short sales and 2 foreclosures sold. That's encouraging as we enter into 2013. The neighborhood has been a very desirable place to live because of the beautiful homes and because of its proximity to just about everything.
When the market crashed in the Fall of 2008, there was wide concern within the Winchester real estate market that falling real estate prices would bring about neighborhood dis-repair and even blight, but the owners in Oakdale Crossing continued to maintain their properties. They didn't let a market reversal drag their neighborhood down like so many do in tough economic times. The owners kept their lawns mowed, their homes maintained and even though values dropped with all other local real estate, they didn't collapse to the level of some in the Winchester area.
Oakdale Crossing is on the bright side of the economic recovery. Homes are still highly coveted there, and it is still a beautiful and desirable place to live. If you're thinking about buying or selling in Oakdale Crossing, give your real estate pros at Cornerstone a call and we'll make that happen for you.