Blue Ridge Association of REALTORS® (BRAR)
During the month of October, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was down 10.6% from September, which was a 19.6% decrease from the number of new listings taken in October of 2020. The number of pending sales decreased 7.1% from September which was a 10.6% decrease from October of 2020. Closed sales were down 8.5% since September, with a 4.3% increase from October 2020. The median sold price was $325,000 which, in comparison to September was 1.5% lower than September, and well as 10.2% higher since last October. The average length of time on the market was 21 days and the average sale price to the original list price was 98.92%.
Winchester City
Winchester City saw the number of new listings decrease by 23.1.% from September, which was 9.1% fewer listings taken than in October of last year. The number of new pending contracts was down 15% from September, which was a 2.9% increase when compared to October of last year. Closed sales were up 11.6% from September, which was a 33.3% increase as compared to October of last year. The median sold price was $279,000 and the average length of time on the market was 18 days. The average list to sold price was 99.5%.
Frederick County
In Frederick County, the number of new listings was down 8% from September, which was 8.2% fewer listings taken as compared to October of last year. New pending contracts also dropped by 1.7% from September, still a 12.2% decrease as compared to October of last year. Closed transactions decreased by 4.8% in September, which was a 3.3% improvement as compared to October of last year. The median sold price in Frederick County was $410,000 which is a 3.5% decline compared to September but compared to October last year it increased by 14.8%. The average number of days on market was 14 and the average sold to list to sale price ratio was 101.1%.
Clarke County
The number of new listings in Clarke County dropped 41.9% from September, also dropped 52.6% from October 2020. Pending sales were down 30% from September, as well as 12.5% from October of last year. The number of closed transactions increased 8.3% in October as compared to September, which was still a whopping 44.4% improvement over October of last year. The median sale price was $404,950 and the average length of time on the market was 29 days. The average sale to list price ratio was 95%.
Loudoun County
The number of new listings in Loudoun County dropped 16.7% from September, and also dropped 21.4% since October 2020. Pending sales were up 1.6% from September, and dropped 4.3% since October 2020. Closed sales dropped by 11.1% from September, as well as 16.2% from the number of closed transactions in October of last year. The median sale price was $608,125. The average length of time on the market was 14 days, with an average sale to list price of 100.3%.
Fairfax County
Fairfax County saw a 15.4% decrease in the number of new listings from September, which was a 19.1% decrease in the number of listings taken over October of last year. The number of pending sales was up 10.5% from September, a 2.8% increase over October 2020. Closed transactions were down 3.7% from September, and decreased by 7.9% since October of last year. The median sale price was $620,000 and the average length of time on the market was 22 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.