Blue Ridge Association of REALTORS® (BRAR)
During the month of October, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 5.5% higher than in September, which was an 11.7% decrease from the number of new listings taken in October 2022. The number of pending sales decreased 9.6% from September which was a 13.3% decrease from October 2022. Closed sales were down 9.3% since September, with a 6.4% decrease from October 2022. The median sold price was $396,000 which, in comparison to September was 2.4% higher and 13.2% more than last October. The average length of time on the market was 28 days and the average sale price to the original list price was 98.1%.
Winchester City
Winchester City saw the number of new listings decrease by 44.7% from September, which was 12.5% less listings taken than in October of last year. The number of new pending contracts decreased by 28.6% since September, and was down 33.3% compared to October of last year. Closed sales were up 35% from September, which was 12.9% less compared to October of last year. The median sold price was $367,500 and the average length of time on the market was 16 days. The average list to sold price was 97.7%.
Frederick County
In Frederick County, the number of new listings increased 15.56% from September, which was 5.9% less listings taken as compared to October of last year. New pending contracts decreased by 8.8% since September, and showed a 10.6% decrease as compared to October of last year. Closed transactions decreased by 1.9% since September, which is a 5.1% increase as compared to October of last year. The median sold price in Frederick County was $400,000. The average number of days on market was 31 and the average sold to list to sale price ratio was 97.8%.
Clarke County
The number of new listings in Clarke County increased 15.4% from September and decreased by 34.8% from October 2022. Pending sales increased 61.5% since September and increased 50% compared to October 2022. The number of closed transactions decreased 29.4% from September and was 20% less compared to October of last year. The median sale price was $594,995 and the average length of time on the market was 23 days. The average sale to list price ratio was 99.6%.
Loudoun County
The number of new listings in Loudoun County decreased by 1% from September and dropped 12.2% since October 2022. Pending sales were down 2.9% from September and down 2.9% since October 2022. Closed sales decreased 2.3% from September and decreased 16.5% from October of last year. The median sale price was $665,000. The average length of time on the market was 16 days, with an average sale to list price of 99.6%.
Fairfax County
Fairfax County saw a 7.6% decrease in the number of new listings from September, which was a 24.5% decrease in the number of listings taken over October of last year. The number of pending sales were down 0.6% from September and decreased 4.4% since October 2022. Closed transactions were up 3% from September and decreased by 5.7% since October of last year. The median sale price was $660,000 and the average length of time on the market was 17 days, with an average sale to list ratio of 99.8%.
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.