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
532,062
Ed & Tracy Oliva
West USA Realty - Arizona - Pinetop Lakeside, AZ
Arizona Agents

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

Apr 14, 2013 06:26 AM #1
Rainmaker
1,097,289
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

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.

Apr 14, 2013 06:38 AM #2
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

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.

Apr 14, 2013 06:51 AM #3
Rainmaker
794,023
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

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.

Apr 14, 2013 06:57 AM #4
Rainmaker
1,992,698
Roy Kelley
Retired Real Estate Broker, Maryland Blogger - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

Apr 14, 2013 07:23 AM #5
Rainmaker
794,023
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

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

Apr 14, 2013 07:26 AM #6
Rainmaker
522,183
Amanda S. Davidson
Living A Dream Real Estate - Alexandria, VA
Your Northern Virginia Realtor

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!

Apr 14, 2013 08:00 AM #7
Rainmaker
391,565
Kristine Ginsberg
Morris County, NJ: Elite Staging and Redesign, LLC - Morris Plains, NJ
Morris County, NJ Stager

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.

Apr 14, 2013 08:13 AM #8
Rainmaker
1,026,352
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

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

Apr 14, 2013 09:01 AM #9
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Debbie Reynolds
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Apr 14, 2013 08:12 PM #10
Rainmaker
1,054,251
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

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

Apr 15, 2013 04:03 AM #11
Rainmaker
111,149
Ridhi Raheja
Movement Mortgage (Illinois) - Naperville, IL
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan

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

Apr 15, 2013 09:58 AM #12
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Rainmaker
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Mike Cooper

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