"SALES STATIC" is the continuing housing headline for the Northern Shenandoah Valley and Winchester. From August through October 2009 dropped slightly and then increased slightly.
The brightest spots continue to be the lower price ranges under $300,000 and especially under $200,000 that are popular with first time home buyers utilizing the $8000 in government tax rebates. Buyers are using the funds for closing costs, extra down payments or just for planned tax refunds scheduled next year.
The market remains stagnant for homes selling above $300,000 and sales are non-existent for homes price above $800,000…..there were just 2 sales between $700-799K.
There were 182 sales in August, 165 in September and just 170 in October. 110 of those October sales sold for less than $200,000, 41 were sold between $200 and $299K, while there were only 19 sales between $300 and $399K.
The annual year end 2008 report is available and generally shows declines in all categories from 2007. Call if you'd like copies of the annual reports. Many reports are also available in graph form. This Real Estate Trend Indicator Summary has been compiled from data generated by the Realtors® MLS System/MRIS for Clarke, Frederick & Warren Counties and the City of Winchester, Va combined. This is the general geographic market area covered by REALTOR members of the Blue Ridge Association of Realtors based in Winchester, Va. Only residential properties were included. The information is deemed reliable, but is not guaranteed. Send Roger Lamborne an email if you'd like a detailed copy of the current month's reports on the areas around Winchester Virginia. Email: roger@lamborne.com. We can also pull info for you by region, county or by zip code.
ZIP Codes: 22601, 22602, 22603, 22611, 22625, 22630, 22637, 22645, 22655, etc) Approximate Location Boundaries: Northern Shenandoah Valley, Clarke, Frederick, Warren, City of Winchester, Eastern Panhandle of West Virginia
Location Characteristics: Consisting of rolling hills and valleys running north/south between the Blue Ridge Mountains on the east & the higher Great North Mountain range on the west, the Shenandoah Valley generally runs from north to south from Harpers Ferry WV up the forks of the Shenanodah River. The valley is traversed by old Route 11, "the Great Wagon Road" that settlers used to migrate from eastern Pa, though Virginia to the Carolinas and TN.
This former Indian path formed the main migration route from the north beginning in the early 1700's. Now bisected by I-81, the Shenandoah Valley and the Winchester region is a thriving retail, commercial and light industrial crossroads with an active residential market and excellent schools, police and fire services.
About The Shenandoah Valley Home Team:
Roger Lamborne has 43 years of experience in real estate marketing & sales, construction and business management, He is licensed in Virginia & West Virginia as an Associate Broker affliated with MarketPlace Realty in historic old town Winchester. Roger is a REALTOR and an Accredited Buyer's Representative (ABR) & has been honored as the 2004 REALTOR of the Year selected from among almost 900 Virginia licensed Keller Williams Agents. He has also been inducted into the HALL OF FAME by the Blue Ridge Association of Realtors and has been recognized as a "TOP PRODUCER" by both the Blue Ridge and the Dulles Area Associations of Realtors. Active in his community, Roger is an ardent supporter of many non-profit orgainziations including the Winchester Shelter for Abused Women, Shenandoah University, Civitan, Kiwanis and Rotary fundraisers, and the North Mountain Fire Company. He is currently the 2009 President Elect and a Member of the Board of Directors of the Blue Ridge Association of Realtors and he is a former member of the Dulles Area Association Board of Directors.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
