Blue Ridge Association of REALTORS® (BRAR)
During the month of November, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 22.5% lower than in October, which was a 17.3% decrease from the number of new listings taken in November 2021. The number of pending sales decreased 15.9% from October which was a 31.7% decrease from November 2021. Closed sales were down 6.4% since October, with a 37.4% decrease from November 2021. The median sold price was $367,500 which, in comparison to October was 5% higher and 8.2% higher since last November. The average length of time on the market was 34 days and the average sale price to the original list price was 96.9%.
Winchester City
Winchester City saw the number of new listings increase by 4.2% from October, which was 10.7% fewer listings taken than in November of last year. The number of new pending contracts decreased by 56.7% , and was down 55.2% compared to November of last year. Closed sales were down 32.3% from October, which was a 27.6% decrease compared to November of last year. The median sold price was $330,000 and the average length of time on the market was 40 days. The average list to sold price was 96.7%.
Frederick County
In Frederick County, the number of new listings decreased by 40% from October, which was 34.1% fewer listings taken as compared to November of last year. New pending contracts decreased by 11.5% from October, and showed a 25.8% decrease as compared to November of last year. Closed transactions decreased by 1% since October, which is a 39.4% decrease as compared to November of last year. The median sold price in Frederick County was $389,900 which is a 5.7% increase compared to October and an 11.4% increase compared to November of last year. The average number of days on market was 38 and the average sold to list to sale price ratio was 97%.
Clarke County
The number of new listings in Clarke County decreased 39.1% from October and increased by 40% from November 2021. Pending sales were down 35.7% from October and decreased 50% as compared to November of 2021. The number of closed transactions decreased 20% from October and dropped 57.1% since November of last year. The median sale price was $415,000 and the average length of time on the market was 24 days. The average sale to list price ratio was 94.9%.
Loudoun County
The number of new listings in Loudoun County decreased by 22.8% from October, and dropped 14% since November 2021. Pending sales were down 15.6% from October and dropped 37.2% since November 2021. Closed sales decreased 20.7% from October and decreased 48.6% from November of last year. The median sale price was $627,500. The average length of time on the market was 27 days, with an average sale to list price of 97%.
Fairfax County
Fairfax County saw a 26.9% decrease in the number of new listings from October, which was a 23.8% decrease in the number of listings taken over November of last year. The number of pending sales were down 13.5% from October and decreased 43% since November 2021. Closed transactions were down 6.3% from October, and decreased by 45% since November of last year. The median sale price was $627,582 and the average length of time on the market was 25 days, with an average sale to list ratio of 97.7%.
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.