Canter Estates Subdivision, Stephens City, VA – Homes Sales – 2019

Canter Estates Subdivision, in Stephens City, VA, is a highly desirable and perfectly positioned subdivision in the Winchester-Frederick County, VA real estate market. It is located on the south-east side of Stephens City and just south of Winchester, VA. With access to Rt 66, Rt 50, Rt 522, Rt 7, Rt 340 and I81 just minutes away, it makes it the perfect place to live for commuters who are making the trek into the DC Metro area for work. The Winchester-Frederick area is a popular bedroom community for metropolitan commuters.

The neighborhood is made up of a variety of home styles, shapes and sizes. It is not a one- size-house fits all neighborhood that so many track-built neighborhoods reflect. It has a nice variety of home types with an equestrian flare. K Hovnanian and Ashbrooke Homes were two of the primary builders in the early stages of the subdivision.

Canter Estates Subdivision, Stephens City, VA - Homes Sales - 2019

The streets are named with different horse themes, such as: Clydesdale Dr, Corrall Dr, Brabrant Dr and Laredo Ct. The Winchester-Frederick-Clarke County areas are known for their horse farms. The streets of Canter Estates are a good reflection of those images.

Because of the high desirability of the neighborhood, residents rarely move. It has not been unusual to see a year where previously built home sales were in the single digits. When owners do decide to sell, home-buyers have to act fast to secure an available listing. There are currently three available homes for sale in Canter Estatesand one coming soon. There are also two pending sales.

Over the past six months, seven homes have sold in Canter Estates. The average sold property had four bedrooms and 2.5 baths. The average sold price was $334,399, and the average days on the market was 66. 

The neighborhood was hit heavily by the real estate downturn in the Fall of 2008, but it has shown incredible resilience. There has only been one foreclosure over the 2018-2019 real estate market thus far. The recession saw its greatest impact in 2010 and 2012, which each year had seven REOs. The recession came like a gentle wave, followed by a tidal-wave and then a quiet calm after the storm. That has been true of many neighborhoods in the area, but Canter Estates showed a much faster settling back into a healthy status than many. 

Canter Estates subdivision is part of the Stephens City, VA real estate market. Stephens City is part of the greater Winchester-Frederick. The Stephens City market boosts of 29% of total real estate sales in the area for 2018. When the size of the Stephens City market is factored in over the entire Winchester-Frederick County real estate market, that is incredible. No other area in the local market even comes close. 

Canter Estate home sales are healthy and growing and those who have had the privilege of buying in the community have been able to see their investments increase in value with time, while they enjoy the benefits of a great Frederick County neighborhood. 

When you’re ready to buy or sell in Canter Estates, give us a call. Cornerstone Business Group, Inc., is your local neighborhood sales pro for Canter Estates, Stephens City, VA

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Canter Estates, Stephens City, VA – Real Estate Year in Review – 2018

Canter Estates, Stephens City, VA – Real Estate Year in Review – 2018

Canter Estates, Stephens City, VA had a very good real estate year in 2018. The highly Canter Estates, Stephens City, VA - Real Estate Year in Review - 2018desirable community of homes had a 6.6% sales rate for the 2018 market year. The number of 2018 sales were a 16% increase over 2017. Ironically, 2018 was a -15% over 2016.

As the local markets began to heal from the 2008 recession, the percentage of change was all over the map. The 2018 market sales were 93% higher than 2015, but they were even higher over 2014. The percentage change over 2014 was 107%. That’s a pretty good sign of where the market was, and where it is today.

Canter Estates, Stephens City, VA: 2018 Sales by the Month.

I’m asked every year, “When is the best time to list my home.” My answer is basically, when you’re ready. Buyers buy all year-long. Let me show you what I mean. In Canter Estates, home sales have been consistent throughout the year.

As a matter of fact, home sale have done better in most cooler to cold months than in Canter Estates, Stephens City, VA - Real Estate Year in Review - 2018the warmer to hot months. Of the 29 sales, January, February, March and October made up 13 sales. That means 45% of total sales took place in the cooler to cold months. That blows a hole in the “list in the Spring because that is the best time to sell” theory. To be fair, April was also a very good month with 4 sales. If you add April to our list, those five months made up 59% of total sales. The warm months made up 38% of total sales for 2018.

Canter Estates, Stephens City, VA: Distressed Sales

Distressed sales still managed to show up in Canter Estates in 2018, but they were minor in comparison to the dog days of the recession. They did manage to be 6.9% of total sales. That number sounds huge until you learn that it was 2 out of 29 sales. That number does not show a trend or offer any form of caution about the future in Canter Estates.

Canter Estates, Stephens City, VA: Average Sales Price

The average home sale price in Canter Estates was $353,921. That was for a four bedroom – 3 bath (2.5 in most cases) home. For those considering a sale in the near to immediate future, that equates to $139.25 per square foot of value in your home. That number can help you learn what your home may sell for.

The average days on the market for a Canter Estates home was 60 days. Days on the market is an outlier number for most market updates. It can mean something, and it can mean absolutely nothing. There are so many factors that cause days on the market to be high or low that it is hard to use it as a precursor to a sale price.

A home can be priced to high, and it lingers on the market. A house can be in a less desirable place, and the days can add. A neighbor may have a barking dog that keeps a home in the market. A section of a street may have a high volume of teenagers who shoot basketball at all hours of the day and night. There are so many things that can influence days on the market that it is hard to use it when making an offer on a home.

The best advice for listing a home is to price it right, make sure it’s in great condition, keep it ready to show all the time, and trust the agent you hired to sell it. When you’re ready to sell your Canter Estates home, call me at Cornerstone Business Group, Inc., and I’ll put my decades of experience, my technological skills and my market understanding to work for you. Let’s have a great 2019 in Canter Estates.

 

Canter Estates, Stephens City, VA – Mid-Year Real Estate Update – 2018

Canter Estates, Stephens City, VA – Mid-Year Real Estate Update – 2018

The Canter Estates, Stephens City, VA mid-year real estate update for 2018 shows a community that is hitting all the right notes. The numbers that need to be up are up and those that need to be down are down. The trajectory of the community is on an upward path and a great 2018.

Canter Estates, Stephens City, VA: Growing Average Home Sale Prices

The average home sale price for the first six months of 2018 was $372,074. That is a Canter Estates, Stephens City, VA - Mid-Year Real Estate Update - 20185% improvement from 2017 and a 19% increase in home sale prices since 2014. Each year since 2014, the average sale price has risen. The smallest rise was in 2015 at 1%, but increases have been from 4% in 2016 to 8% in 2018.

That’s good news for homeowners who have waited for right time to list their homes. The continued good news coming out of the real estate market should bolster seller’s confidence that now is a safe time to sell at a profit. The pains of the 2008 market collapse are no longer on the minds of homeowners, and that is justified. The new market is strong, steady and moving in the right direction. There are no whipsaw features built into it and sellers and buyers can enter the market with confidence that the market has reached a healthy place.

Canter Estates, Stephens City, VA: Distressed No More

One of the most encouraging numbers in the Canter Estates subdivision is the number of distressed properties that sold in the first six months of 2018. Distressed properties are made up of foreclosures and short sales. Canter Estates had zero (0) distressed sales the first six months of 2018. That is a pattern that has built for the past five years. The neighborhood has only had three in fives years. That is an incredible number when comparing Canter Estates to other Stephens City subdivisions.

One last number that is showing a good consistent pattern is days on the market. The average days on the market for the first six months of 2018 was 36. That is consistent with the past five years. Days on the market is an unusual marker for any market health survey. It can give a false view or a very right view of the market. There are many things that affect the DOM. Location, condition and price all affect the price and sale-ability of a home. If a home is in good condition, it’s priced well and it’s in a desirable area, it should sell quickly, and the Canter Estates DOM shows those three are right where they need to be.

When you’re ready to buy or sell in the Canter Estates subdivision, give Mike Cooper a call. Mike is your local real estate sales pro.

 

Canter Estates Subdivision in Stephens City, VA – Real Estate Review – 2017

Canter Estates Subdivision in Stephens City, VA – Real Estate Review – 2017

The Canter Estates subdivision in Stephens City, VA had a solid real estate market in 2017. Like many of its neighboring subdivisions, all the right numbers are up, and the unwanted numbers are down. That is consistent with the broader Frederick County, VA real estate market.

Canter Estates Subdivision in Stephens City, VA: Good numbers

The good numbers in the Canter Estate subdivision are price, distressed properties and Canter Estates Subdivision in Stephens City, VA - Real Estate Review - 2017days on the market. The average home sale in 2017 was $330,386. That is a 4% increase in sales price. Where the average sales price really shines is in the growth over the past five years. There is a 12% improvement in average sales price from 2013.

Each year since 2013, the average sales price has inched its way into positive territory. The average sale price in 2013 was $290,836, $301,240 in 2014, $311,423 in 2015 and $316,874 in 2016. Each year since 2012, an incremental change has taken place that has helped the Canter Estates subdivision regain its prominent place as one of the most desirable neighborhoods in Stephens City, VA.

Homeowners who purchased before the 2008 recession are finally seeing their value come back to near pre-recession values. There is still improvements to be made before the subdivision completely returns to those days of sometimes inflated values, but as of January 1, 2018, the average home sale price is still 10% below the 2007 market average. The local real estate market took a 37% hit with the market collapse in 2008.

Canter Estates Subdivision in Stephens City, VA: More good numbers

Distressed properties are a sign of a market in trouble. The 2017 distressed properties in the Canter Estates subdivision was 12.5%. That is higher than the local market average, but it may be more of an anomaly than a trend. It may also be the last heaving of the past market collapse.

The 2016 distressed number was 3%. That is a below average number. Also, in 2015 Canter Estates Subdivision in Stephens City, VA - Real Estate Review - 2017there were no distressed properties. But from 2014 backward gives a view where the market went during the downturn and where it is today. Those numbers were:

  • 2014 – 14.3%
  • 2013 – 20%
  • 2012 – 46%
  • 2011 – 33%
  • 2010 – 56%
  • 2009 – 30%.

In those numbers, you can see the wild ride the neighborhood had during the down days of the recession. The 12.5% number for 2017 is consistent with the whiplash nature of distressed property sales in the Canter Estates subdivision, but the overall market has made monumental improvements in the past five years, and this neighborhood is no different in those improvements.

Days on the market have been consistent over the past five years with only slight deviations along the way. The 2017 average was 35 days. That is two days above 2016, but here again, it is nominal. There is no changing trend to point to while trying to form an opinion of effect.

Overall, the Canter Estates subdivision is a highly desirable neighborhood with beautiful large homes of many styles. It is close to multiple highways which make it a great place for commuters to live. It is also a sprawling neighborhood with large yards, sidewalks for evening strolls and quick access to shopping, schools and parks.

When you’re ready to buy or sell in the Canter Estates subdivision, give Cornerstone Business Group, Inc. a call. We are your local real estate sales pros and we’re here to help you succeed.

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