Stephens City, VA Real Estate Market
The Stephens City, VA real estate market continued to grow in May 2016. Stephens City is jewel of Frederick County in its ability to set new market highs in numerous ways. The overall sales for May 2016 exceeded May 2015 by 17%.
The average days on the market has declined each month since June 2015. Currently, the average days on the market are 55. That is consistent with other communities in the Frederick County area. The only area that Stephens City hasn’t exceeded other areas is in the pricing trend. The 22603 zip code in the Winchester – Frederick County, VA area is climbing a little faster than the 22655 Stephens City, VA zip code.
Overall Sales Continue to Grow in the Stephens City, VA Real Estate Market
Over all sales for the Stephens City, VA real estate market were 46 for May 2016. May 2015 had 38 with a 9% volume of distressed sales (short sales and foreclosures). May 2016 had the same percentage of distressed sales. As the market reaches equilibrium, that 9% number has become the norm.
Average Price of Home Sales Continues to Increase
The average price for a sold property in the Stephens City, VA real estate market for May 2016 reached $255,679, slightly above May 2015. May 2015 averaged $253,289. That number is not substantial, but the steady growth in overall sales and lower days on the market is a good sign of things to come in the Stephens City, VA real estate market.
When you are ready to buy or sell a home in the Stephens City, VA real estate market, give your Cornerstone Business Group, Inc., real estate agent a call. We are your local real estate sales pros, and we make good things happen everyday!