Blue Ridge Association of REALTORS® (BRAR)
During the month of September, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 13.3% lower than in August, which was a 25.3% decrease from the number of new listings taken in September 2021. The number of pending sales decreased 16.3% from August which was a 30.1% decrease from September 2021. Closed sales were down 12.5% since August, with a 27.9% decrease from September 2021. The median sold price was $362,500 which, in comparison to August was 5.4% lower and 9.8% higher since last September. The average length of time on the market was 27 days and the average sale price to the original list price was 96.1%.
Winchester City
Winchester City saw the number of new listings decrease by 10% from August, which was 7.7% fewer listings taken than in September of last year. The number of new pending contracts was stable, and was down 20% compared to September of last year. Closed sales were down 6.3% from August, which was a 30.2% decrease compared to September of last year. The median sold price was $317,000 and the average length of time on the market was 22 days. The average list to sold price was 96.9%.
Frederick County
In Frederick County, the number of new listings decreased by 17.6% from August, which was 28.4% fewer listings taken as compared to September of last year. New pending contracts decreased by 23.9% from August, and showed a 35.3% decrease as compared to September of last year. Closed transactions decreased by 29.1% since August, which is a 38.5% decrease as compared to September of last year. The median sold price in Frederick County was $380,000 which is a 1.9% decrease compared to August and a 9.4% increase compared to September of last year. The average number of days on market was 28 and the average sold to list to sale price ratio was 95.9%.
Clarke County
The number of new listings in Clarke County increased 8.7% from August and dropped 19.4% from September 2021. Pending sales were up 6.7% from August and decreased 46.7% as compared to September of 2021. The number of closed transactions increased 40% from August and dropped 12.5% since September of last year. The median sale price was $560,000 and the average length of time on the market was 30 days. The average sale to list price ratio was 93.4%.
Loudoun County
The number of new listings in Loudoun County decreased by 0.2% from August, and dropped 24.7% since September 2021. Pending sales were down 19.6% from August and dropped 36.2% since September 2021. Closed sales decreased 13.3% from August and decreased 35.2% from September of last year. The median sale price was $639,900. The average length of time on the market was 25 days, with an average sale to list price of 97.8%.
Fairfax County
Fairfax County saw an 11.2% increase in the number of new listings from August, which was a 27.2% decrease in the number of listings taken over September of last year. The number of pending sales was down 11.6% from August and decreased 34.5% since September 2021. Closed transactions were down 16.7% from August, and decreased by 31.4% since September of last year. The median sale price was $630,000 and the average length of time on the market was 24 days, with an average sale to list ratio of 97.8%.
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.