The Winchester, VA real estate market continued its upward trajectory in October 2015.
Home sales increased 4% over September 2015. The real jump is from October 2014. There was a 16% increase over the same period one year ago. In like manner, September 2015 also had a 16% jump over September 2014.
The number of Winchester, VA homes sold in October 2015 came in at 156 which included 12% distressed property sales (foreclosures and short sales). The number of distressed sales has stayed consistent since August 2015. August, September and October all saw 11-12% distressed properties sales. That number is also consistent with August, September and October 2014 with a 12% average of distressed property sales.
The average sale price in October 2015 was $256596. That is a 16% jump in value over October 2014. There was a slight pull back in sales price of 4% from September 2015. The days on the market for October averaged 76 where September 2015 averaged 74. That is not a significant change. There are some shifting in numbers between 2014 and 2015. There are no radical negative shifts in number of sales, distressed properties or days on the market. That's good news for the local real estate market.
When you are ready to list your home, or buy a new home in the Winchester, VA real estate market, give your Cornerstone Business Group, Inc., agent a call. We are you local real estate sales pros.
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