Blue Ridge Association of REALTORS® (BRAR)
During the month of December, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 19.9% lower than in November, which was a 26.6% decrease from the number of new listings taken in December 2021. The number of pending sales decreased 27.4% from November which was a 39.6% decrease from December 2021. Closed sales were down .6% since November, with a 33% decrease from December 2021. The median sold price was $379,000 which, in comparison to November was 3.1% higher and 3.8% higher since last December. The average length of time on the market was 39 days and the average sale price to the original list price was 96.6%.
Winchester City
Winchester City saw the number of new listings decrease by 16% from November, which was 10.5% more listings taken than in December of last year. The number of new pending contracts increased by 92.3% , and was up 38.9% compared to December of last year. Closed sales were down 19% from November, which was a 32% decrease compared to December of last year. The median sold price was $375,000 and the average length of time on the market was 53 days. The average list to sold price was 93.3%.
Frederick County
In Frederick County, the number of new listings decreased by 1.2% from November, which was 31.6% fewer listings taken as compared to December of last year. New pending contracts decreased by 34.8% from November, and showed a 45.5% decrease as compared to December of last year. Closed transactions decreased by 4.1% since November, which is a 38.4% decrease as compared to December of last year. The median sold price in Frederick County was $375,000 which is a 3.8% decrease compared to November and a 2.4% increase compared to December of last year. The average number of days on market was 40 and the average sold to list to sale price ratio was 96.2%.
Clarke County
The number of new listings in Clarke County decreased 42.9% from November and decreased by 42.9% from December 2021. Pending sales were down 22.2% from November and decreased 50% as compared to December of 2021. The number of closed transactions increased 8.3% from November and dropped 13.3% since December of last year. The median sale price was $490,000 and the average length of time on the market was 25 days. The average sale to list price ratio was 95.9%.
Loudoun County
The number of new listings in Loudoun County decreased by 38.9% from November, and dropped 40.7% since December 2021. Pending sales were down 25.7% from November and dropped 30.9% since December 2021. Closed sales increased 0.9% from November and decreased 39.1% from December of last year. The median sale price was $616,500. The average length of time on the market was 30 days, with an average sale to list price of 97.2%.
Fairfax County
Fairfax County saw a 36.5% decrease in the number of new listings from November, which was a 31.3% decrease in the number of listings taken over December of last year. The number of pending sales were down 25.3% from November and decreased 34.5% since December 2021. Closed transactions were down 10% from November, and decreased by 43.2% since December of last year. The median sale price was $615,000 and the average length of time on the market was 30 days, with an average sale to list ratio of 96.9%.
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.