The Winchester, VA Real Estate Market Review for 2012
By Mike Cooper, Broker VA,WV, Your Neighborhood Real Estate Sales Pro
(Cornerstone Business Group Inc)
The 2012 numbers are in and it's official. The Winchester, VA real estate market is improving. During the tenuous days of 2012, it was difficult at times to know which way things were heading, but the raw data now clears that up for us. The market is heading up! The completed real estate transactions for 2012 came in at 1333. That's a 4.8% increase from 2011. Of that number, 180 closings were short sales and 273 were foreclosures. Short sales were up from 2011 by 6%, but foreclosures showed an adverse relationship. The 2012 foreclosure rate was down 27%. That's good news for the market overall. The absence of foreclosures may signal that the worst is over. There were 375 properties sold as foreclosures in 2011. The market was still feeling the impact of the market collapse of ...
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