Winchester, VA Real Estate Homes Sales for 2015

The Winchester, VA Real Estate Homes Sales for 2015 showed a considerable jump in overall home sales from 2014, but the pattern of sales followed an almost identical trend with 2014. 

There were 1717 real estate home sales in 2015 as contrasted with 1513 in 2014. That is a 12% improvement year to year. The number of distressed sales (short sales and foreclosures) were steady at 13% for the year. That is a minor drop from 2014 of 2%. The 2013 sales were basically equal to 2014 sales. The biggest change from 2013 to 2015 has been in distressed property sales. There has been a 35% drop in overall distressed property sales when comparing 2015 and 2013. 

 

 

2015 Sales

 

 

 

 

 

 

The shear number of fair market sales in the Winchester, VA real estate market is good news for buyers and sellers. Homes values are improving and neighborhoods that were once hard hit by foreclosures are not suffering from those value diminishing properties. 

Buyers can buy with confidence in the value of the property they are purchasing, and sellers can sell without suffering the losses once common in the post 2008 real estate collapse. There are plenty of reasons to be excited about the 2016 real estate market in Winchester, VA. Sales are up, distressed properties are down and interest rates are still low.

When you’re ready to sell your home, or when you’re ready to buy, be sure to give your Cornerstone Business Group, Inc., real estate agent a call. We are your local real estate sales pros. 

 

Winchester, VA Real Estate Market Update – November 2015

The Winchester, VA real estate market made its typical seasonal adjustment in Nov 2015 ChartNovember 2015. The total number of homes sold was 111 with 16.3% of them being distressed properties (foreclosures and short sales). The distressed sales were down .3% from the same period in 2014. The numbers show a consistent pattern year to year.

The only concern in the numbers from October to November 2015 is a 29% drop is overall sales. In 2014, there was also a drop, but it was only 13% showing a consistent seasonal change. What accounts for the 16% difference year to year? It may come back to inventory.

There are currently 735 homes available on the Winchester, VA real estate market. That number is still higher than a stronger local market would have. Excess inventory can create a small shift in the number of days buyers have to buy which creates a big difference in the number of homes sold. Homes are sitting on the market an average of 14 days longer than the same period just a year ago. Two weeks during a season where the weather is changing daily and daylight is limited can add up to less sales and longer days on the market. At this point, the market is following a consistent pattern with a few exceptions.