The Winchester / Frederick County, VA real estate market saw 150 sales in September 2015. Of those sales, 12% were distressed property sales. Six sales were short sales and 12 sales were foreclosures. The September number of total sales was down 17 sales from August, but that is consistent with the 2014 numbers. In 2014, September sales were 129 with a 13% distressed property sales.
The distressed property sales were up 3% from the previous 8 months, but the September 2015 number is consistent with the 2014 number. The Summer of 2013-2015 have followed similar patterns in the number of properties listed, sold and how many were distressed properties. The market appears to have found its equilibrium. There were no major market shifts through the end of the third quarter.
The Winchester / Frederick County, VA real estate market has settled into a consistent pattern that agents, buyers and sellers can use to make market decisions. The ebb and flow of the local real estate market has been basically the same for three years. That should bring some comfort to homeowners who are thinking of making a real estate move in the final quarter of 2015.
There is more good news for fourth quarter buyers. RealtyTrac recently released a study based on 32 million home sales over the past 15 years. They found that October is the best month to buy a home, followed by February, December and January. Monday and Friday were the best days of the week to buy, and October 8 is the single best day of the year to purchase a home. Buyers should not let cooler temperatures keep them from fulfilling their home buying dreams. They may just get a better deal in the Fall and Winter months. When that days rolls around, give your Cornerstone agent a call. We are your local real estate sales pros.