Winchester – Frederick County, VA Home Sales – August 2016
Winchester – Frederick County, VA home sales for August 2016 showed a lateral move and not an up or down move. Total home sales for July were 172 with August adding 175. The percentage of REO and short sales (distressed properties) were 7% across both months.
The average original list price to sale price for properties in August was 93.86%. July had a 94.90% original list price to sale price. The total days on the market was 59 in July and 53 in August. You can see how the data is near mirror image of each month.
The only negative change took place in the average sale price. The average sale price of July sales was $278,182, but August fell to $252,870. That might make some potential sellers nervous, but they shouldn’t be. Homes are averaged from the lowest sales price to the highest sales price. Those numbers can vacillate quite a bit depending on where the majority of sales take place.
Location, location, location
The majority of the August sales were in the 22602 zip code of Frederick County (62). Winchester City 22601 (41) followed that and then Stephens City, VA 22655 (33). The other communities in Frederick County made up the balance.
Of the 175 sales, 147 were detached single family homes, 24 were townhouses and 4 were labeled as “other”. The average sale consisted of a 3 bedroom, 2.5 bathroom home. That was true of both months.
Different Seasons Bring Different Sales Number
The summer months tend to be a cooling off period for the Winchester – Frederick County, VA real estate market. If you think about what is happening in the summer months, you can see why things slow down a bit. Families are on vacation, kids are out of school and home shopping isn’t a top priority. The market picks up in the second week of September, and it runs smoothly until the holiday season rolls around in November – December.