Winchester VA Real Estate | Foreclosure Opportunity In Meadow Branch South


Winchester VA Real Estate, Homes For Sale In Winchester VA, Foreclosure For Sale In Winchester VA

1900 Melvor Lane Winchester, VA 22601 Offered For Sale At $349,900

  • 4 Bedrooms
  • 2.5 Bathrooms
  • 3,898 Sq Ft

Spacious and move-in ready! Beautiful 4 BR, 2.5 BA Colonial in MeadowBranch Subdivision featuring a gourmet kitchen, hardwood flooring, private master suite with two-sided fireplace & Jacuzzi tub. This property is eligible under the Freddie Mac First Look Initiative through April 30, 2014 whereby only owner/occupant offers will be considered.

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Winchester VA Community Events ~ Shenandoah Apple Blossom Festival


Old Town Winchester VA, Uncork The BloomEnjoy live entertainment, great food, spectacular Virginia wines, and wonderful company all weekend long, and join us to “Uncork the Bloom” at the United Bank Bloomin’ Wine Fest, the official kick-off of the 87th Shenandoah Apple Blossom Festival. This truly unique outdoor wine festival is situated on the historic downtown mall, Winchester’s original marketplace. There will be three distinctive wine gardens nestled between the buildings of the pedestrian mall.

Click Here For More Information On Apple Blossom Festivities

National Housing Report For February Data


RE/MAX National Housing Report
February 2014 HOUSING DATA

Weather, Inventory Push Home Sales Lower, Prices Higher

Year-Over-YearFebruary home sales slowed in February, while prices increased by double digits over last year. The RE/MAX National Housing Report, a survey of MLS data in 52 metropolitan areas, found the February results to be nearly identical to January. Just like January, the median home price rose 11.6% compared to the same month in 2013, and is now at $180,450. Home sales dropped by 8.8%, compared to January’s year-to-year loss of 7.1%. Unusually harsh winter storms impacted appraisals, inspections and closings. Even though inventory losses have been shrinking, low inventories in many metro areas had a negative impact on sales. Even at the rate of February sales, the corresponding Months Supply of inventory of 5.1 isn’t significantly below the 6.0 level of a market balanced between buyers and sellers. When measured on a year-to-year basis, February became the 11th consecutive month with fewer inventory losses than the previous month.

“A combination of severe weather and low inventories appears to have slowed February home sales. The improving economy, increasing new-home construction and significant pent-up demand should all be critical factors as we move into the traditionally stronger sales months of spring and summer. Sales during these months will determine the overall picture for 2014.”
Margaret Kelly, RE/MAX CEO

Transactions Year-Over-Year Change

In the 52 metro areas surveyed for the February report, home sales were down an average of 8.8% from February last year and remained roughly equivalent to January sales with just a 0.8% drop. February becomes only the third month in the last 32 months to experience a year-to-year sales decline. Although winter months normally record the lowest home sales of the year, unusually harsh weather disrupted numerous home sales in February. Of all 52 metro areas surveyed, 42 saw year-to-year sales decrease. Due to low inventories, many metros that saw the highest price increases also saw the largest drop in sales from last year.

HIGHEST SALES DECREASES 

  • Las Vegas, NV -22.0%
  • Detroit, MI -18.3%
  • Orlando, FL -15.9%
  • San Diego, CA -15.0%
  • San Francisco, CA -14.3%

TOP CITIES REPORTING DOUBLE DIGIT INCREASES

  • Detroit, MI +35.8%
  • San Francisco, CA +25.0%
  • Las Vegas, NV +24.1%
  • Atlanta, GA +20.3%
  • Los Angeles, CA +19.3%
  • Orlando, FL +17.4%

MEDIAN SALES PRICE

Year-Over-YearThe February RE/MAX National Housing Report found a Median Sales Price of $180,450, which was 4.3% higher than the Median Sales Price in January and 11.6% higher than the price seen in February last year. On a year-to-year basis, the Median Sales Price has now increased for 25 consecutive months. Low inventory has placed significant pressure on home prices throughout this period. Among the 52 metro areas surveyed, 44 reported higher sales prices than one year ago. Of those, 18 reported double-digit increases.

 

DAYS ON MARKET

Days on MarketFor all homes sold in February, the average Days on Market was 80, which was 5 days more than the average in January, but 9 days less than the average in February 2013. February marks the 21st consecutive month with an average Days on Market below 90. The low Days on Market average is associated with continued high demand and a reduced inventory of homes for sale. Days on Market is the number of days between when a home is first listed in an MLS and when a sales contract is signed.

MONTHS SUPPLY OF INVENTORY

Year-Over-YearThe national real estate market continues to be characterized by a low supply of homes for sale. However, year-to-year inventory losses continue to shrink. The inventory of homes for sale in February was just 2.4% less than January and 9.8% less than last February, when the year-to-year inventory loss was 29.2%. At the current rate of sales, there is a 5.1 Months Supply of inventory.
A supply of 6.0 is considered balanced.

VERY LOW MONTHS SUPPLY

  • Denver, CO 0.8
  • San Francisco, CA 1.3
  • Los Angeles, CA 2.5
  • San Diego, CA 2.5
  • Houston, TX 2.6
  • Boston, MA 2.7
  • Washington, DC 2.7

 

Warren County Real Estate ~ Home For Sale In Front Royal VA


Warren County Real Estate, Home For Sale In Front Royal VA459 East Criser Road Front Royal, VA
Offered For Sale At: $650,000

This substantial stone manor house has been a familiar landmark in Front Royal since antebellum days. The home boasts gorgeous wide plank hardwood floors, original (functioning) fireplaces, upgraded utilities & fixtures and all of the Southern Charm you could wish for. The property is sub-dividable for residential projects but is not approved for high density housing. Breathtaking views abound from almost anywhere on the 15.35 acres! Bring Your Checkbook ~ Don’t Miss Out On This One!

Contact Us Today For More Information

Winchester VA Community Information ~ First Friday In Old Town Winchester


Thanks to our friends at Old Town Winchester for this awesome reminder. Don’t miss out on the fun downtown! Check out the details below.

First Friday In Old Town Winchester VAOn the First Friday of every month, Old Town Winchester plays host to artists with special gallery events, musicians playing in restaurants and cafes, and many of our shops stay open late.  It is a great time to stroll our historic streets and a great place to meet new and favorite friends. Every month is something a little different.  First Fridays is sponsored by the Old Town Winchester Business Association, Shenandoah Arts Council, Virginia Commission of the Arts and the Old Town Development Board.  Check out the First Fridays in Old Town Winchester Facebook Page.

For questions or more information contact Jennifer Bell . E-Mail Jennifer

Date/Time: Friday, November 1st