Winchester - Frederick County, VA Home Sales - August 2016

Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119

Winchester - Frederick County, VA Home Sales - August 2016

Winchester - Frederick County, VA home sales for August 2016 showed a lateral move and not an up or down move. Total home sales for July were 172 with August adding 175. The percentage of REO and short sales (distressed properties) were 7% across both months.

The average original list price to sale price for properties in August was 93.86%. July had a 94.90% original list price to sale price. The total days on the market was 59 in July and 53 in August. You can see how the data is near mirror image of each month.

The only negative change took place in the average sale price. The average sale price of July sales was $278,182, but August fell to $252,870. That might make some potential sellers nervous, but they shouldn't be. Homes are averaged from the lowest sales price to the highest sales price. Those numbers can vacillate quite a bit depending on where the majority of sales take place.

Location, location, location

The majority of the August sales were in the 22602 zip code of Winchester - Frederick County, VA Home Sales - August 2016Frederick County (62). Winchester City 22601 (41) followed that and then Stephens City, VA 22655 (33). The other communities in Frederick County made up the balance.

Of the 175 sales, 147 were detached single family homes, 24 were townhouses and 4 were labeled as "other". The average sale consisted of a 3 bedroom, 2.5 bathroom home. That was true of both months.

Different Seasons Bring Different Sales Number

The summer months tend to be a cooling off period for the Winchester - Frederick County, VA real estate market. If you think about what is happening in the summer months, you can see why things slow down a bit. Families are on vacation, kids are out of school and home shopping isn't a top priority. The market picks up in the second week of September, and it runs smoothly until the holiday season rolls around in November - December.

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


This post was originally published at www.winchestervarealestate,  Winchester - Frederick County, VA Home Sales - August 2016. #mikecoopersellshomes, #cornerstonehomesales, #winchesterhomesales, #yourlocalrealestatesalsespros.



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Virginia Frederick County Winchester
Dedicated Bloggers
Market Reports
Addicted to Active Rain
Advice for Sellers
Old Farts Club

Spam prevention
Show All Comments
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

This is already showing the subtle changes of the SHIFT that is already showing up in many markets in the US already.  Here goes the lean times once again. 

Sep 19, 2016 02:14 PM #1
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's good, easy to understand market information for the Winchester-Frederick County, VA home market, Mike!

Sep 20, 2016 05:33 AM #2
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Mike.  Word has it that today is a special day for someone.  Have any idea as to who that may be?  HAPPY BIRTHDAY

Sep 22, 2016 08:47 PM #3
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Mike Cooper ~ good morning, Mike, and happy, happy birthday. Enjoy your special day and hopefully everyone will spoil you like mad today.

Sep 22, 2016 11:25 PM #4
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?


Mike Cooper, GRI

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

Additional Information