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 30.5% less than in November, which was a 23.5% decrease from the number of new listings taken in December 2022. The number of pending sales decreased 24.4% from November which was a 14.3% increase from December 2022. Closed sales were down 20.1% since November, with a 20.6% decrease from December 2022. The median sold price was $400,000 which, in comparison to November was 2.6% higher and 5.5% more than last December. The average length of time on the market was 40 days and the average sale price to the original list price was 97%.
Winchester City
Winchester City saw the number of new listings decrease by 34.8% from November, which was 28.6% less listings taken than in December of last year. The number of new pending contracts decreased by 39.1% since November, and was down 44% compared to December of last year. Closed sales were down 10% from November, which was 5.9% more compared to December of last year. The median sold price was $394,999 and the average length of time on the market was 44 days. The average list to sold price was 94.3%.
Frederick County
In Frederick County, the number of new listings decreased 34% from November, which was 17.5% less listings taken as compared to December of last year. New pending contracts decreased by 24.8% since November, and showed a 31.7% increase as compared to December of last year. Closed transactions decreased by 17.9% since November, which is a 16.1% decrease as compared to December of last year. The median sold price in Frederick County was $405,000. The average number of days on market was 44 and the average sold to list to sale price ratio was 96.6%.
Clarke County
The number of new listings in Clarke County decreased 44.4% from November and decreased by 37.5% from December 2022. Pending sales decreased 37.5% since November and increased 42.9% compared to December 2022. The number of closed transactions decreased 16.7% from November and was up 42.9% compared to December of last year. The median sale price was $420,000 and the average length of time on the market was 52 days. The average sale to list price ratio was 92.9%.
Loudoun County
The number of new listings in Loudoun County decreased by 24.4% from November and dropped 2.8% since December 2022. Pending sales were down 11.2% from November and up 6% since December 2022. Closed sales decreased 1.6% from November and decreased 7.7% from December of last year. The median sale price was $670,000. The average length of time on the market was 22 days, with an average sale to list price of 98.9%.
Fairfax County
Fairfax County saw a 30.1% decrease in the number of new listings from November, which was a 25.6% decrease in the number of listings taken over December of last year. The number of pending sales were down 11.9% from November and decreased 6.8% since December 2022. Closed transactions were down 15% from November and decreased by 18.4% since December of last year. The median sale price was $670,000 and the average length of time on the market was 21 days, with an average sale to list ratio of 98.9%.
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.