Blue Ridge Association of REALTORS® (BRAR)
During the month of March, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was up 65.3% from February, which was a 15% decrease from the number of new listings taken in March 2021. The number of pending sales increased 41.5% from February which was a 7.1% decrease from March 2021. Closed sales were up 34.5% since February, with a 1.4% d increase from March 2021. The median sold price was $369,000 which, in comparison to February was 0.8% higher, as well as 11.8% higher since last March. The average length of time on the market was 24 days and the average sale price to the original list price was 100.5%.
Winchester City
Winchester City saw the number of new listings increase by 81% from February, which was 28.3% fewer listings taken than in March of last year. The number of new pending contracts was up 26.1% from February, and was down 34.1% from March of last year. Closed sales were up 26.1% from February which was a 34.1% decrease as compared to March of last year. The median sold price was $329,000 and the average length of time on the market was 20 days. The average list to sold price was 99.1%.
Frederick County
In Frederick County, the number of new listings was up 60.2% from February, which was 18.6% fewer listings taken as compared to March of last year. New pending contracts increased by 43% from February, and showed a 3.8% increase as compared to March of last year. Closed transactions increase by 28% since February, which was a 12.3% increase as compared to March of last year. The median sold price in Frederick County was $374,000 which is a 2.1% decrease compared to February and compared to March of last year it increased by 8.4%. The average number of days on market was 26 and the average sold to list to sale price ratio was 100.5%.
Clarke County
The number of new listings in Clarke County increased 3.6% from February, also increased 38.1% from March 2021. Pending sales were up 4.8% from February, as well as 15.8% from March of last year. The number of closed transactions increased 237.5% from February and decreased 3.6% since March of last year. The median sale price was $458,990 and the average length of time on the market was 17 days. The average sale to list price ratio was 100.8%.
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.