Canter Estates, Stephens City, VA - Mid-Year Real Estate Update - 2018

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Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119

Canter Estates, Stephens City, VA - Mid-Year Real Estate Update - 2018

The Canter Estates, Stephens City, VA mid-year real estate update for 2018 shows a community that is hitting all the right notes. The numbers that need to be up are up and those that need to be down are down. The trajectory of the community is on an upward path and a great 2018.

Canter Estates, Stephens City, VA: Growing Average Home Sale Prices

The average home sale price for the first six months of 2018 was $372,074. That is a 5% iCanter Estates, Stephens City, VA - Mid-Year Real Estate Update - 2018mprovement from 2017 and a 19% increase in home sale prices since 2014. Each year since 2014, the average sale price has risen. The smallest rise was in 2015 at 1%, but increases have been from 4% in 2016 to 8% in 2018.

That's good news for homeowners who have waited for right time to list their homes. The continued good news coming out of the real estate market should bolster seller's confidence that now is a safe time to sell at a profit. The pains of the 2008 market collapse are no longer on the minds of homeowners, and that is justified. The new market is strong, steady and moving in the right direction. There are no whipsaw features built into it and sellers and buyers can enter the market with confidence that the market has reached a healthy place.

Canter Estates, Stephens City, VA: Distressed No More

One of the most encouraging numbers in the Canter Estates subdivision is the number of distressed properties that sold in the first six months of 2018. Distressed properties are made up of foreclosures and short sales. Canter Estates had zero (0) distressed sales the first six months of 2018. That is a pattern that has built for the past five years. The neighborhood has only had three in fives years. That is an incredible number when comparing Canter Estates to other Stephens City subdivisions.

One last number that is showing a good consistent pattern is days on the market. The average days on the market for the first six months of 2018 was 36. That is consistent with the past five years. Days on the market is an unusual marker for any market health survey. It can give a false view or a very right view of the market. There are many things that affect the DOM. Location, condition and price all affect the price and sale-ability of a home. If a home is in good condition, it's priced well and it's in a desirable area, it should sell quickly, and the Canter Estates DOM shows those three are right where they need to be.

When you're ready to buy or sell in the Canter Estates subdivision, give Mike Cooper a call. Mike is your local real estate sales pro.

 

This post was originally posted at www.winchestervarealestate.com: Canter Estates, Stephens City, VA - Mid-Year Real Estate Update - 2018 #mikecoopersellshomes, #cornerstonehomesales, #yourlocalrealestatesalespros.

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Mike - good market report for Canter Estates.  Sellers should contact you now.

Jul 12, 2018 12:35 PM #1
Rainmaker
2,282,544
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's important market data for real estate buyers and sellers in the Stephens City, Virginia vicinity, Mike!

Jul 12, 2018 03:01 PM #2
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Mike.  Thanks for the information and update about the Canter Estates real estate market in Stephens City, VA.

 

Jul 14, 2018 05:36 AM #3
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Excellent! Thank you for taking the time to prepare and share this information.  Buyers and seller need information like this to make informed decisions.  

Jul 15, 2018 07:07 AM #4
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Looks like all is well in Canter City, Mike Cooper. Great report and well presented. Great info for buyers and sellers in the area. 

Jul 15, 2018 04:14 PM #5
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Mike Cooper

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