Available Homes in Winchester, VA - March 23, 2012

By
Managing Real Estate Broker with Winchester Real Estate Sales, Cornerstone Business Group Inc 0225086119
http://actvra.in/xND

Market reports aren't always exciting or sexy, but they do give you a great snapshot of what's happening in a specific area at a specific time.  When the national news is giving buyers and sellers one view of the real estate market it can skewed very fast.  The reality is that all real estate is local.

The available homes for sale in Winchester, VA are increasing.  The current available listings total 563 at week three of March 2012.  Each week in the month of March has seen a change.  This week, inventory is up slightly, distressed properties dropped another 1.2% and prices are starting to stabilize, though not climbing radically.

Winchester City has 115 current available listingsOf that number, 11 are short sales and 4 are REOs.  Frederick County has 448 available listings with 45 short sales and 36 REOs.  The distressed properties in February 2012 were 18.8%.  In the first week of March that number fell to 18.2%.  By week three, the number of distressed properties have fallen to 17%.

The lower number of distressed properties, and the increase in inventory, isJumping man a good sign that those who were sitting on the fence waiting for the right time to sell have finally started jumping into the market. 

If you are thinking of selling your property this year, now might be a good time to call your Cornerstone Business Group, Inc., agent.  Things are moving, and you will want to get ahead of the crowd that evolves when the weather gets and stays warm.  Buyers are buying.  Sellers, if you're ready to sell, let's get together and see what we can make happen.

Available Homes in Winchester, VA - March 23, 2012

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Rainer
307,049
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

That's a great graph to show how fair market porpeties are blowing away short sales and reo's.

Mar 23, 2012 06:51 PM #1
Rainmaker
787,604
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

Thank you, Jennifer.  I had no idea until I did this report today.  I knew short sales and REOs were dropping, but I didn't realize how much.  Have a great weekend.

Mar 23, 2012 06:54 PM #2
Rainmaker
1,240,186
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

It sure sounds like those people are jumping in right now Mike. Yippee!

Mar 24, 2012 12:24 AM #3
Rainmaker
1,070,250
Lisa Von Domek
Lisa Von Domek & Associates LLC, Real Estate Broker/Associate with Real Living Real Estate Group www.LisaVon.com - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Good morning Mike,

Market reports are of most interest to those of us in the business, but consumers watch them as well.  Great information on your market, it is wonderful to see so many areas trending more strongly - especially as the mass media never seems to report the upswing!

Mar 24, 2012 04:27 AM #4
Rainmaker
787,604
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

They seem to be, Tom.  I didn't realize how quickly our distressed market was shrinking.  Yea!

So true, Lisa.  I'm glad to see some positive news here locally.  

Mar 24, 2012 04:29 AM #5
Rainmaker
282,436
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Hi Mike.  Thanks for the reminder that market report blogsg are important to consumers.  I resist doing them, I think in part because they're like the weather report -- the information has a short shelf life because tomorrow it will change.  That said, timely and accurate weather reports bring people back to a site to get the latest, time after time.  I supsect regular, predictable market updates will do the same.  

Here's one question I struggle with.  Should the market reports always be in the same format?  Or highlight something different every time?  I see AR bloggers who do it both ways.  What do you suggest?

Mar 24, 2012 06:30 AM #6
Rainmaker
1,080,482
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Great way to put it Mike. They are not sexy but yours is sure eye catching. Great stats, nice flash and good pictures. Have a great Saturday

Mar 24, 2012 06:32 AM #7
Rainmaker
787,604
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

Diane, I definitely mix it up.  I might focus on short sales one time, foreclosures the next or fair market numbers.  Then I might focus on days on the market with an explanation as to why a property may sit so long.  I try to keep it interesting.  I also try to add percentages into the report to show trends for those who are waiting or this or that to happen.  I do try to do a market report on a weekly basis because our market is constantly changing, and it gets me more Google juice.  

Thanks, Scott.  Raining in the valley today.  Now it feels more like March.  Have a great weekend.

Mar 24, 2012 08:23 AM #8
Rainmaker
57,401
Cari Dandy
Russ Lyon Sotheby’s International Realty - Scottsdale, AZ
Homes for Sale - Scottsdale AZ

Mike, I think that you almost make your market reports look sexy, lol! I wish our available homes for sale were increasing HERE in the Phoenix area!  Inventory is so low! Great job on your post, as usual. I always enjoy reading yours!

Mar 24, 2012 10:28 AM #9
Rainmaker
647,824
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Mike - Anyone interested in the Winchester area is going to find your real estate market report very helpful.  Nicely done!

Mar 24, 2012 11:22 AM #10
Rainmaker
787,604
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

Thanks, Cari.  We're up a little.  That's exciting, but I'm looking for more.  8-)

Thank you, Laura.  Have a great weekend.

Mar 24, 2012 11:37 AM #11
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Rainmaker
787,604

Mike Cooper

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