Oakdale Crossing, Winchester, VA First Quarter Market Report 2013

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

The Oakdale Crossing subdivision in Winchester, VA continues to see home sales in 2013, but the number of properties selling is starting to decline.  It's not because of the homes, but rather, it's because of the lack of homes.  Prices are stabilizing, and properties are selling closer to list. 

 

First quarter sales are down 75% from the same quarter in 2012.  One home came on the market in the first quarter.  One home was sold in the first quarter, and one home was pending during the first quarter.  The average days on the market for 2012 was 36, and the current average is 34.  The average price compared to list in 2012 was -6%.  In 2013, the price compared to list is -8%.  A portion of the sold properties in 2012 sold at or above list.

 

Properties sold in 2012 varied from 6 bedrooms, 4 baths to 3 bedrooms and 2.5 baths.  Prices followed similar differences from $425000 to $240800.  There are numerous types of homes in Oakdale Crossing.  There are sprawling single story homes and a wide variety of two story homes with a wide selection of exterior sidings. 

 

With the current lack of available listings in Oakdale Crossing, it is a good time to sell.  Low inventory means the opportunity for a more stable list and sale price.  Oakdale Crossing is a desirable subdivision on the east side of Winchester, VA.  It is close to routes 7, 50 and Interstate 81.  It is a commuters dream.  It is also close to schools and shopping.  If you're looking to sell, or if you're looking to buy in Oakdale Crossing of Winchester, VA, call Cornerstone Business Group, Inc., to get started today.  

Oakdale Crossing, Winchester, VA First Quarter Market Report 2013

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Rainmaker
528,690
Ed & Tracy Oliva
Arizona Agents
West USA Realty - Arizona

Mike this is some great Info for all in your area, keep up the good work and good luck with your business,  E

April 14, 2013 06:26 AM
Rainmaker
1,046,460
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Very nice market report Mike, i am seeing a similar trend with less homes for sale, the amount of sales is declining but I am seeing an oncrease in buyers who are looking but just not finding their dream home yet.

April 14, 2013 06:38 AM
Ambassador
1,110,664
Dick Greenberg
Northern Colorado Residential Real Estate
New Paradigm Partners LLC

Hi Mike - Nice market report. The problem with low inventory is pervasive, and causing buyers considerable distress everywhere. We're seeing prices trending upward because of it, but so far, that hasn't flushed out a significant number of new listings.

April 14, 2013 06:51 AM
Rainmaker
773,260
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

Thanks, Ed.

Scott, I'm seeing the same struggle with buyers.  I have two couples right now that have been thwarted at every turn.

Dick, our inventory is down.  We're seeing the inevitable bidding wars and frustrated buyers.

April 14, 2013 06:57 AM
Rainmaker
1,881,480
Roy Kelley
Roy and Dolores Kelley Photographs
Retired Real Estate Broker, Maryland Blogger

Good information on Oakdale Crossing.  Dolores and I have wondered if we should consider Winchester as a retirement location.

April 14, 2013 07:23 AM
Rainmaker
773,260
Mike Cooper
Your Winchester, VA Real Estate Pro
Winchester Real Estate Sales, Cornerstone Business Group Inc

Absolutely, Roy.  It was listed as one of the top 5 most affordable places to retire by the AARP a short while back. 

April 14, 2013 07:26 AM
Rainmaker
491,890
Amanda S. Davidson
Your Northern Virginia Realtor
Living A Dream Real Estate

Mike, great market report on Oakdale Crossing in Winchester Va. Lots of frustrated buyers here too, I haven't written a contract that wasn't at or above list price all year. Anyone considering selling their Oakdale Crossing home give Mike Cooper a call, he knows Winchester!

April 14, 2013 08:00 AM
Rainmaker
391,513
Kristine Ginsberg
Morris County, NJ Stager
Morris County, NJ: Elite Staging and Redesign, LLC

Mike - great job on Oakdale Crossing Winchester, Virginia market report. In my area it depends on the town. Some have an abundance of inventory and other, nearby towns have very few.  It also correlates with staging - the more competition the more jobs I get in those towns.

April 14, 2013 08:13 AM
Rainmaker
967,691
Michael Jacobs
Pasadena Real Estate Representation 818.516.4393
Coldwell Banker Residential Brokerage

Hi Mike -- sounds like a similiar situation as in our market -- we need inventory of properties!

April 14, 2013 09:01 AM
Ambassador
979,129
Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Mike, We still have plenty of inventory but that is likely to change into the summer.

April 14, 2013 08:12 PM
Rainmaker
998,327
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Hi Mike.  That is a serious decline - 75%.  Lack of inventory will have a dampening affect on sales numbers this year.

April 15, 2013 04:03 AM
Rainmaker
111,149
Ridhi Raheja
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan
Movement Mortgage (Illinois)

Great market report Mike .  This is a good information to the people in Oakdale Crossing in Winchester Va. Keep it up!

April 15, 2013 09:58 AM
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Rainmaker
773,260

Mike Cooper

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