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
391,388
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
890,322
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
867,678
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
921,255
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Asociates

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
110,536
Ridhi Raheja
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loans
Prospect Mortgage Chicago, Glen Ellyn, Naperville 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
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Mike Cooper

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