Winchester, VA Real Estate Market Update - 1st Quarter 2016

By
Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119
http://actvra.in/4Rfw

Winchester, VA Real Estate Market Update - 1st Quarter 2016

 

The Winchester, VA real estate market continued to post positive results in the first quarter of 2016. The sales volume in nearly unchanged from 2015, but the volume of distressed properties (short sales and foreclosures) have dropped significantly. 

The sales volume for the Winchester, VA real estate market in the first quarter Winchester, VA Real Estate Market Update - 1st Quarter 2016of 2016 was 313. The sales in the same period of 2015 was 314. The number of distressed properties in 2016 was 34, or 11%. During that same period in 2015, the distressed sales were 53, or 17%. 

Stephens City, VA had 24% of total Winchester / Frederick County, VA sales for the first quarter of 2016.

 

The number of sales in Frederick County, VA were 249 with the City of Winchester adding 64 to the area total. Frederick County, VA is broken up into numerous small communities with different zip codes. Stephens City, VA 22655 is one of the larger communities in Frederick County, VA. Stephens City, VA accounted for 75 of the total county sales which equates to 31% of total county sales, and it was 24% of the total Winchester - Frederick County, VA sales for the first quarter. 

The Stephens City area is a great location for commuters. It rests along Interstate 81. Interstate 81 is paralleled with Rt 11 which runs north and south through the valley. Another benefit of the Stephens City area is its easy access to Rt 66 which leads in the Metro DC area. The Stephens City community is minutes from the City of Winchester, Front Royal, Strasburg, Middletown and White Post. 

Even though Stephens City is growing at a rapid rate, it still offers a small town rural feel. When you're ready to buy a home in the Winchester - Frederick County, VA area, be sure to give Stephens City a look, and when you're ready to buy, give your Cornerstone Business Group, Inc., Realtor a call. We are your local real estate sales pros. 

Winchester, VA Real Estate Market Update - 1st Quarter 2016

 

This post was originally shared at www.winchestervarealestate.com;  Winchester, VA Real Estate Market Update - 1st Quarter 2016

 

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Mimi Foster
FALCON PROPERTY SOLUTIONS - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Interesting statistics, Mike. Does your MLS break out the 'distressed' properties for you?

May 01, 2016 02:00 AM #1
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I love seeing what other areas have in the way of prices and stats.  Thanks for sharing!

May 01, 2016 04:10 AM #2
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's really informative data for those interested in the Winchester, Virginia real estate market, Mike.  I especially like the look of the graph!

May 01, 2016 06:59 AM #3
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Mike - Nice market report for Winchester. It's always nice to see signs of market improvement like decreasing foreclosures.

May 01, 2016 09:14 AM #4
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Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Your Alexandria Virginia Real Estate Agent

Mike, real estate is looking good in Winchester VA. I've enjoyed seeing the comeback through your blog posts over the past few years. The amount of distressed properties sure has improved. Excellent market update!

May 01, 2016 11:08 PM #5
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Mike Cooper

Your Winchester, VA Real Estate Sales Pro
Winchester has a place for you! Call me.
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