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Mike Cooper's Blog

By Mike Cooper | Broker in Winchester, VA

Winchester, VA Real Estate Trends - April 21, 2012

Real estate in Winchester, VA has only seen minor changes during the first three weeks of April.  The trend for 2012 has been a decline in distressed properties and an increase in fair market properties.  At the beginning of April, there were 582 available listings.  Today, there are 580 available listings.  That is a minor change, but it does hint at a slowing of the market.

Winchester has increased in foreclosures from 4 on April 1 to 7, three Winchester, VA Real Estate Trends - April 21, 2012 weeks later.  That may seem like a small number, but it is a 43% increase in lender owned properties.  Short sales in the city of Winchester have also increased by 1 from 11 on April 1st to 12 today.

Frederick County has seen a similar trend.  Foreclosures are up 18% from 27 to 33.  Short sales have followed an inverse trend from 43 to 40 from April 1 to April 21.  Can a trend be forming?  Is it a slower market?  Is it an increase in distressed properties.  It is hard to say at this point.  Three weeks is a small view of the current market, but one thing it does show is that real estate in Winchester, VA has only seen minor changes during the month of April.

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Give me a call for all your real estate needs, and let's make something amazing happen. 

Mike Cooper @ Cornerstone Business Group, Inc., 888-722-6029

Real Estate Sales and Property Management


(Disclaimer:  All grammatical mistakes, punctuation breakdowns and misspellings are purely for your amusement and entertainment.  Feel free to cackle.)

 

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