300 Prestwick Lane, Stephens City, VA 22655


Large end unit townhouse with an open floor plan.

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Description 

$205,000
Townhouse
Main Features
3 Bedrooms
2 Bathrooms
1 Partial Bathroom
1 Unit
Interior: 1,937 sqft
Lot: 0.07 acre(s)
Location
300 Prestwick Lane
Stephens City, VA 22655
USA

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Mike Cooper Mike Cooper

Cornerstone Business Group, Inc.
(540) 722-6029
mikecooper@mris.com
http://www.cbginc.net

Listed by: Cornerstone Business Group, Inc.

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The Winchester, Virginia real estate market is showing signs of good health.

The Winchester, Virginia real estate market is showing signs of good health.  The arrow_graph_growth_1600_clr_11351first quarter of 2013 has had a radical decline in foreclosures and short sales compared to the first quarter 2012.  In the 2012 first quarter, 276 properties closed.  Of those properties, 50 were short sales and 76 were foreclosures.  That means 45.7% of that 2012 first quarter was made up of distressed properties.

The 2013 first quarter is painting a different picture.  Of the 271 properties that closed in the first quarter, only 82 were distressed properties.  That is only 30% of the overall properties were in that distressed category.  Short sales were down 52%, and foreclosures were down 24% in the first quarter.

Another positive note is that of the current available listings of 465 only show 9% distressed properties.  There are 26 short sales and 22 foreclosures.  This could mean two things for the local market.  One, the market is truly rebounding, foreclosures are legitimately dropping and fewer homeowners are having to sell at a short sale.  That might also signal that the job market is becoming stable again.

The second thing that the new market could mean is that people who have sat on the fence expecting the short sale and foreclosure market to continue are likely to miss a great opportunity to get a good deal.  Sellers are starting to take control of the local market again, and buyers are starting to get involved in bidding wars.  Sale prices are closing with smaller percentages +- of list, discounts are fading and the local inventory is shrinking.

The market may be truly recovering, but let’s give it another quarter or two to make sure of that optimistic hope.  The current signs all point that way.  This might be the year that sanity returns to the real estate market in Winchester, VA.

The Winchester, Virginia real estate market is showing signs of good health.

Listing Your Winchester, Virginia Home

If you’re thinking about listing your Winchester, Virginia home, now is the time.  Sellers in Winchester / Frederick County are starting to take control of the local real estate market again.  That doesn’t mean that prices have risen to 2005 levels, but they are no longer falling, and better yet, they are increasing.

When you list, you should consider a number of things:

  • Can the company you list with guarantee net proceeds from the sale?  Not really, but a good quality company will get the most money for your home.
  • Can the company you list with sell your house in a day?  Maybe.  Maybe not.  Things like condition, price, location, curb appeal, flexibility, ease of showings and other factors will contribute to your home sale.  Every home will sell at some price.  You want your home to sell at the best price.
  • Can the company you list with sell your home at 20-40% above the market?  Probably not.  That’s why it’s good to have a solid Comparative Market Analysis done before listing your home.  That way, you will know right away what your home is likely to sell for.  Some agents will promise the moon, but they can’t deliver it.

When you list with Cornerstone Business Group, Inc., I can promise you a number of things that set up apart.  I will promise:

  • An honest assessment of your home.  What does it need, if anything, to make it ready to sell?  I can promise you that I will give you a buyer’s view of your home.
  • A broad array of marketing tools.  One of the biggest shifts in the real estate market in the past few years is the advent of the Internet as a primary marketing tool.  In today’s market, 89% of all home buyers find their home on the Internet before they contact an agent.  I’ll make sure you have high Internet visibility.  My websites and the multiple listings service gives you 4 primary listing sites, but I also syndicate your listing to 60 other websites.  Your listing will also have its own website during the duration of the listing.
  • High quality photography of your home in its best light.  Pictures tell a story.  It’s important that your home be represented online with the best possible photographs possible.
  • Regular updates of activity on your listing.  Not all activity is in person.  Online views as well as inquiries contribute to a home’s sale.  I will make sure you are kept up to date by phone, email or text (whatever form fits into your lifestyle).
  • A network of buyers who my office is working with.  We market our properties first.  Then, if a buyer desires something else, we move out into the broader market.

Picking the right listing company can be the difference between a lonely home and a sold home.  When you’re ready to sell, contact me or your Cornerstone representative to get you started, and let’s kiss that house goodbye!

Listing Your Winchester, Virginia Home