Blue Ridge Association of REALTORS® (BRAR)
During the month of July, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was equal to June, which was a 6.5% increase from the number of new listings taken in July 2021. The number of pending sales increased 7.3% from June which was a 19.8% decrease from July 2021. Closed sales were down 15.7% since June, with a 29.9% decrease from July 2021. The median sold price was $365,000 which, in comparison to June was 3.9% lower and 6.9% higher since last July. The average length of time on the market was 19 days and the average sale price to the original list price was 99.2%.
Winchester City
Winchester City saw the number of new listings decrease by 31.6% from June, which was 2.6% more listings taken than in July of last year. The number of new pending contracts increased by 36%, and was down 5.6% compared to July of last year. Closed sales were down 7.7% from June, which was a 47.8% decrease compared to July of last year. The median sold price was $342,500 and the average length of time on the market was 13 days. The average list to sold price was 99%.
Frederick County
In Frederick County, the number of new listings increased by 5.8% from June, which was 8% more listings taken as compared to July of last year. New pending contracts also increased by 1.4% from June, and showed a 19.8% decrease as compared to July of last year. Closed transactions decreased by 7.8% since June, which was a 24.4% decrease as compared to July of last year. The median sold price in Frederick County was $378,000 which is a 0.8% increase compared to June and compared to June of last year it increased by 10.1%. The average number of days on market was 20 and the average sold to list to sale price ratio was 99%.
Clarke County
The number of new listings in Clarke County decreased 39.3% from June and dropped 34.6% from July 2021. Pending sales were up 13.3% from June and decreased 39.3% as compared to July of 2021. The number of closed transactions decreased 58.6% from June and dropped 60% since July of last year. The median sale price was $477,500 and the average length of time on the market was 14 days. The average sale to list price ratio was 98.5%.
Loudoun County
The number of new listings in Loudoun County decreased 26.5% from June, and dropped 27% since July 2021. Pending sales were down 23.1% from June, and dropped 40.6% since July 2021. Closed sales decreased by 22.1% from June, and decreased 35.4% from July of last year. The median sale price was $685,000. The average length of time on the market was 12 days, with an average sale to list price of 99.5%.
Fairfax County
Fairfax County saw a 18.2% decrease in the number of new listings from June, which was a 19.1% decrease in the number of listings taken over July of last year. The number of pending sales was down 8.6% from June and decreased 26.2% since July 2021. Closed transactions were down 19.5% from June, and decreased by 30.6% since July of last year. The median sale price was $650,000 and the average length of time on the market was 13 days, with an average sale to list ratio of 100%.
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.