2017 Real Estate Trend in Winchester-Frederick County, VA

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

2017 Real Estate Trend in Winchester-Frederick Coun2017 Real Estate Trend in Winchester-Frederick County, VAty, VA

The real estate trend in the Winchester-Frederick County, VA market shows a slow steady increase in 2016 over the 2015 market. That's good news for the 2017 real estate market. Eight out of twelve months in 2016 exceeded the market of 2015, which was also a move up from 2014.

What affects the market trend?

The only issue the 2016 market dealt was the election cycle. Whenever there is a contentious presidential election, the Winchester-Frederick County, VA market tends to become skittish close to voting day. The 2012 market followed that pattern, and 2016 did as well. Once the election was over, the market returned to its upward trend.

2017 Real Estate Trend in Winchester-Frederick County, VAIn most years, April through September trend up. January - March are still in the throes of cold days and less daylight. Buyers are still buying, but the numbers tend to be lower. After daylight savings time arrives in the Spring, the market resumes its upward march until the holiday season from Thanksgiving through New Years.

The market trend is in the numbers.

There were 1747 sales in 2016 and 1745 in 2015. That looks like a pretty stable market. The average days on the market were 76 in 2016 and 77 in 2015. Again, there is a consistent healthy trend forming.

The big difference in the two markets was in distressed properties. The 2016 trend in distressed properties was 7.4%. That is a great drop from the 2015 13.7%. That is a 45% drop in distressed property sales. Very few statistics inspire more hope for a healthy market than fair market sales. Fair market sales are less labor intensive for all parties and they get to closing with fewer hiccups.

If the trend continues, 2017 looks like a great year for real estate sales.

With the election behind the country, distressed properties on the decline and interest rates at historic lows, it's shaping up to be a great year.

When you're ready to buy or sell in the Winchester-Frederick County, VA real estate market, give Mike Cooper, at Cornerstone Business Group, Inc., a call. Mike is your local real estate sales pro.

This post was originally posted to www.winchestervarealestate.com: 2017 Real Estate Trend in Winchester-Frederick County, VA. #mikecoopersellshomes, #cornerstonehomesales, #winchesterhomesales, #yourlocalsalespros.

9. Jumpstart Challenge

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Virginia Frederick County Winchester
Groups:
Active Rain Newbies
Dedicated Bloggers
Diary of a Realtor
Addicted to Active Rain
Old Farts Club

Spam prevention
Show All Comments
Ambassador
3,473,063
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Not sure what is so special about your name - just can't tag it! Got to find out the reason and way for this for sure...

Love your fact-filled predictions of Winchester, VA and your observation of the election cycle, too. You are so detailed - what I'd call a 'C' personality on Disc profile.

 

Jan 18, 2017 08:14 PM #1
Ambassador
3,473,063
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

(And can’t believe that 2015 had 13.4% of distressed properties - now down to almost half of that!)

Great summary of your market in one sentence --

"With the election behind the country, distressed properties on the decline and interest rates at historic lows, it's shaping up to be a great year."

Jan 18, 2017 08:17 PM #2
Ambassador
3,473,063
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And as always, Mike, thanks for your participation in this contest.

Wishing you all the best in 2017.

Jan 18, 2017 08:17 PM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,247,885

Mike Cooper

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

Additional Information