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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Virginia Frederick County Winchester
Groups:
"Whacked"!!!
VIRGINIA
Market Reports
Active Rain Newbies
2013MarketReports
Tags:
2012
va march 23
available homes in winchester

Comments 11 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
307,045
Jennifer Chiongbian
Real Estate Broker - NYC
Specializing in all types of Manhattan apts & townhouses

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

March 23, 2012 06:51 PM
Rainmaker
773,757
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

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.

March 23, 2012 06:54 PM
Rainmaker
1,186,194
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
General Contractor, Dry Rot and Water Damage
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366

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

March 24, 2012 12:24 AM
Rainmaker
1,022,690
Lisa Von Domek
....Experience Isn't Expensive.... It's Priceless!
Lisa Von Domek & Associates LLC, Real Estate Broker/Associate with Real Living Real Estate Group www.LisaVon.com

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!

March 24, 2012 04:27 AM
Rainmaker
773,757
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

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.  

March 24, 2012 04:29 AM
Rainmaker
278,729
Dianne Goode
Realtor/Broker
Raleigh Cary Realty

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?

March 24, 2012 06:30 AM
Rainmaker
1,047,408
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

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

March 24, 2012 06:32 AM
Rainmaker
773,757
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

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.

March 24, 2012 08:23 AM
Rainmaker
57,301
Cari Dandy
Homes for Sale - Scottsdale AZ
Russ Lyon Sotheby’s International Realty

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!

March 24, 2012 10:28 AM
Rainmaker
637,381
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Tahoe Real Estate Agent Helping Buyers and Sellers
Coldwell Banker, Tahoe City, CA (530) 414-1260

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

March 24, 2012 11:22 AM
Rainmaker
773,757
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

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

Thank you, Laura.  Have a great weekend.

March 24, 2012 11:37 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
773,757

Mike Cooper

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

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

" style="overflow:hidden;" seamless scrolling="no" id="custom-widget-content" onload="resizeIframe()">Your browser does not support iframe.