Blue Ridge Association of REALTORS® (BRAR)
Market Statistics November 2020
The overall number of new listings in November for the Blue Ridge Association of REALTORS® service area was down 33.6%, from October, which was a 10.6% increase from the number of new listings taken in November 2019. The number of Pending Sales dropped 16.6% from October, which was still an astounding 26.3% increase as compared to November 2019. Closed sales were down 1.8% from October, a 17.5% increase from November 2019. The median sales price was $305,000, which is 17.3% higher than in November of last year. The average length of time on the market was 25 days and the average sale price to the original list price was 99.1%.
Winchester City saw the number of new listings decrease by 18.2% from October, which was 8% more listings taken than in November of last year. The number of new pending contracts was down 20% from October, which was still a 16.7% increase when compared to November of last year. Closed sales were down 13.9% from October, which was a 18.4% decrease as compared to November of last year. The median sold price was $290,000 and the average length of time on the market was 24 days. The average list to sold price was 98.6%.
In Frederick County, the number of new listings was down 32.3% from October, which was 3.8% more listings taken as compared to November of last year. New pending contracts also dropped by 16.3% from October, still a 32.7% increase as compared to November of last year. Closed transactions increased 6.3% in November, which was a 28.8% improvement as compared to November of last year. The median sold price in Frederick County was $300,665 which is a 5.5% improvement compared to November last year. The average number of days on market 23 and the average sold to list to sale price ratio was 98.8%.
The number of new listings in Clarke County dropped 15.8% from October, also a 146.2% increase from November 2019. Pending sales were up 8.3% from October, still a 36.8% improvement over November of last year. The number of closed transactions increased 16.7% in November as compared to October, which was still a whopping 40% improvement over November of last year. The median sale price was $420,000 and the average length of time on the market was 39 days. The average sale to list price ratio was 97.0%.
The number of new listings in Loudoun County dropped 38% from October, a 20.2% increase over November 2019. Pending sales were down 13.3% from October, a 40.4% improvement over November 2019. Closed sales dropped by 15.5% from October, a 44.1% improvement from the number of closed transactions in November 2019. The median sale price was $560,000. The average length of time on the market was 13 days, with an average sale to list price of 100.4%.
Fairfax County saw a 36.9% decrease in the number of new listings from October, which was a 33.3% increase in the number of listings taken over November of last year. The number of pending sales was down 20.7% from October, a 28.3% increase over November 2019. Closed transactions were down 11.6% from October, which is still 32.1% more closed transactions than in November of 2019. The median sale price was $570,000 and the average length of time on the market was 19 days, with an average sale to list ratio of 99.9%.
COLONY REALTY OF WINCHESTER – 114 N Cameron St., Winchester, VA 22601
(540) 662-0323; Broker: John S. Scully, IV; Licensed in Virginia and West Virginia.
*All of the information herein is deemed to be reliable but is subject to errors, omissions and withdrawal from the market. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.