Canter Estates, Stephens City, VA Real Estate Year in Review – 2016

Canter Estates, Stephens City, VA Real Estate Year in Review – 2016

Canter Estates is on the east side of Stephens City, VA. It’s a highly desirable Canter Estates, Stephens City, VA Real Estate Year in Review - 2016neighborhood with a variety of housing styles. Custom builders, such as, KHovnanian and Ashbrooke Homes have shared in the construction of many, if not most of the homes built there.

The neighborhood boarders Rt 522 which is a connecting highway between Rt 66, Rt 50, I81, Rt 55 and Rt 340 which makes Canter Estates a commuter’s dream. Within a few minutes, a homeowner who commutes into the DC Metro area can be on a highway leading to their destination. It also gives southern and northern commuters the same advantage.

Canter Estates by the numbers

Canter Estates saw an incredible jump in home sales in 2016. Homes sales were up 142% from 2015 with 29. The previous year saw 12. Distressed properties have not had a major market impact over the 2015-2016 market years.

In a unique phenomenon, 18 of the 29 homes sold in the first 6 months. Eleven homes were sold from July through December. March and November saw no home sales. There is no simple explanation for those stats.

More good numbers

Canter Estates real estate did see some similarities with 2015. The average days on the market were 28 in 2016 and 32 in 2015. Also, the average sale price for 2016 was $304,732, and the average for 2015 was $302,383. These numbers show no real change.

The average sale in 2016 was a 4 bedroom – 2.5 baths home. Two of the 29 sales were homes constructed in 2016, but the average year of construction was 2004. New construction continues to appear on the Canter Estates landscape. Canter Estates gives buyers the advantage of feeling like they are living in a quiet comfortable rural area while having access to all city amenities within minutes.

If you’re in the market to buy or sell in this great neighborhood, give Mike Cooper a call. Mike is your local real estate sales pro.