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The short sale market in Winchester, VA is beginning to show signs of a slight decline.  When the real estate market took a hit in the Fall of 2008, REOs exploded onto the scene as the prominent available listings.  As the the market has shifted back and forth, REOs are declining and short sales are the primary distressed properties. 

Now, short sales in Winchester, VA have declined slightly, but they still make up 10% of the overall available listings. Between Winchester City and Frederick County, VA, distressed properties make up 17% of overall available listings in this third week of March.  The overall distressed listings in the Winchester/Frederick County are have declined 1.2% in the past week.  That's a good sign.

There are still opportunities available to buy a short sale or an REO at a great price, but they are slowly becoming a minor part of the local market.  Don't wait too long.  You might miss a great opportunity.  If you've been planning to take advantage of the high number of distressed listings in the Winchester, VA real estate market, you may want to call your Cornerstone Business Group, Inc., agent soon.  The tide is shifting, and before you know it, it will be a seller's market again.

Short Sales in Winchester, VA - March 2012