Blue Ridge Association of REALTORS® (BRAR)
Market Statistics December 2020
The overall number of new listings in December for the Blue Ridge Association of REALTORS® service area was down 25.5%, from November, which was a 4.1% decrease from the number of new listings taken in December 2019. The number of Pending Sales dropped 21.6% from November, which was still an astounding 31.1% increase as compared to December 2019. Closed sales were up 2.9% from November, a 17.4% increase from December 2019. The median sales price was $299,000, which is 2% lower than in December of last year. The average length of time on the market remained 25 days and the average sale price to the original list price was 99.6%.
Winchester City saw the number of new listings decrease by 14.8% from November, which was 4.5% more listings taken than in December of last year. The number of new pending contracts was down 17.9% from November, which was still a 64.3% increase when compared to December of last year. Closed sales were down 3.2% from November, which was a 7.1% increase as compared to December of last year. The median sold price was $232,500 and the average length of time on the market was 47 days. The average list to sold price was 97.9%.
In Frederick County, the number of new listings was down 25.7% from November, which was 2% more listings taken as compared to December of last year. New pending contracts also dropped by 26.7% from November, still a 31% increase as compared to December of last year. Closed transactions increased 6.6% in December, which was a 19.1% improvement as compared to December of last year. The median sold price in Frederick County was $292,073 which is a 7.4% improvement compared to December last year. The average number of days on market was 18 and the average sold to list to sale price ratio was 99.8%.
The number of new listings in Clarke County dropped 43.8% from November, also a 20% increase from December 2019. Pending sales were down 7.7% from November, still a 71.4% improvement over December of last year. The number of closed transactions increased 38.1% in December as compared to November, which was still a whopping 70.6% improvement over December of last year. The median sale price was $437,000 and the average length of time on the market was 18 days. The average sale to list price ratio was 98.8%.
The number of new listings in Loudoun County dropped 14.5% from November, a 32.5% increase over December 2019. Pending sales were down 30.3% from November, a 42.1% improvement over December 2019. Closed sales dropped by 0.8% from November, a 37.1% improvement from the number of closed transactions in December 2019. The median sale price was $542,000. The average length of time on the market was 17 days, with an average sale to list price of 100.2%.
Fairfax County saw a 27.9% decrease in the number of new listings from November, which was a 43.5% increase in the number of listings taken over December of last year. The number of pending sales was down 18.8% from November, a 42.3% increase over December 2019. Closed transactions were down 2% from November, which is still 27.2% more closed transactions than in December 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 99.4%.
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.