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 22.4% lower than in August, which was a 20.9% decrease from the number of new listings taken in September 2022. The number of pending sales decreased 12.2% from August which was a 13.4% decrease from September 2022. Closed sales were down 17.1% since August, with a 15.7% decrease from September 2022. The median sold price was $386,570 which, in comparison to August was 5.1% lower and 6.6% more than last September. The average length of time on the market was 30 days and the average sale price to the original list price was 98.2%.
Winchester City
Winchester City saw the number of new listings increase by 2.7% from August, which was 5.6% more listings taken than in September of last year. The number of new pending contracts increased by 47.4% since August, and was down 12.5% compared to September of last year. Closed sales were down 33.3% from August, which was 33.3% less compared to September of last year. The median sold price was $347,445 and the average length of time on the market was 38 days. The average list to sold price was 94.8%.
Frederick County
In Frederick County, the number of new listings decreased 16% from August, which was 16% less listings taken as compared to September of last year. New pending contracts decreased by 12.1% since August, and showed a 5.6% decrease as compared to September of last year. Closed transactions decreased by 18.6% since August, which is a 6.3% decrease as compared to September of last year. The median sold price in Frederick County was $399,990 which is a 7% decrease compared to August and a 5.3% increase compared to September of last year. The average number of days on market was 31 and the average sold to list to sale price ratio was 98.3%.
Clarke County
The number of new listings in Clarke County decreased 31.6% from August and decreased by 48% from September 2022. Pending sales decreased 43.5% since August and decreased 18.8% compared to September 2022. The number of closed transactions was stable from August and was 19% less compared to September of last year. The median sale price was $574,990 and the average length of time on the market was 27 days. The average sale to list price ratio was 97.2%.
Loudoun County
The number of new listings in Loudoun County decreased by 8.3% from August and dropped 29.4% since September 2022. Pending sales were down 11.1% from August and down 15.6% since September 2022. Closed sales decreased 24.9% from August and decreased 24.9% from September of last year. The median sale price was $688,850. The average length of time on the market was 17 days, with an average sale to list price of 100.6%.
Fairfax County
Fairfax County saw a 6.1% decrease in the number of new listings from August, which was a 36.7% decrease in the number of listings taken over September of last year. The number of pending sales were down 8.6% from August and decreased 14.6% since September 2022. Closed transactions were down 24.5% from August and decreased by 21% since September of last year. The median sale price was $650,000 and the average length of time on the market was 14 days, with an average sale to list ratio of 100.2%.
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.