Stephens City, VA real estate market had a good first quarter in 2016

The Stephens City, VA real estate market had a good first quarter in 2016. There were 75 homes sold with only 5% of them being distressed (short sale or foreclosures). The market is steadily returning to stability. The Stephens City, VA real estate market made up 24% of the homes sold in the Winchester / Frederick County, VA first quarter of 2016.

The minimum price a buyer paid for a home in Stephens City, VA in the first quarter of 2016 was $89900 and the maximum was $464,530. The average price was $235,343. The average corresponds to other areas of Frederick County, VA. The average days on the market was 77 with the minimum being 0 and the max being 549.

Of those sold, 28 had 3 bedrooms and 2 baths. Twenty-four had 4+ bedrooms and 2+ baths. Four had 2 bedrooms and 1 bath, and the remaining number fell into a mystical place we call "other."

What type of homes were sold? 

Homes sold the following categories:

• 32 - Colonials
• 19 - Ranchers
• 6   - Split Foyers
• 6   - Traditionals
• 2   - Cape Cods
• 2   - Contemporary
• 1   - Rambler
• 7   - Other (Townhouses, Condos, Manufactured Homes)

New construction has picked up in the Stephens City, VA real estate market. Most homes sold in the first quarter were previously owned homes, but the new home market is beginning to have its own revival. Stephens City, VA is close to numerous highways, making it a great place to live for easy access for commuters, shoppers, students and just about everyone else.

When you're ready to buy or sell in the Stephens City, VA real estate market, be sure to give your Cornerstone Business Group, Inc., agent a call. We are your local real estate pros.

Stephens City, VA real estate market had a good first quarter in 2016

This post was originally published on www.winchestervarealestate.com; Stephens City, VA real estate market had a good first quarter in 2016.