Blue Ridge Association of REALTORS® (BRAR)
During the month of January, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 50% more than in December, which was an 11.9% decrease from the number of new listings taken in January 2023. The number of pending sales increased 30.1% from December which was a 2.7% increase from January 2023. Closed sales were up 2.9% since December, with a 32.4% increase from January 2023. The median sold price was $365,000 which, in comparison to December was 8.8% lower and 12.3% more than last January. The average length of time on the market was 48 days and the average sale price to the original list price was 96%.
Winchester City
Winchester City saw the number of new listings increase by 93.3% from December, which was 163.6% more listings taken than in January of last year. The number of new pending contracts increased by 107.1% since December, and was up 38.1% compared to January of last year. Closed sales were down 16.7% from November, which was stable compared to January of last year. The median sold price was $365,000 and the average length of time on the market was 40 days. The average list to sold price was 94.2%.
Frederick County
In Frederick County, the number of new listings increased 34.8% from December, which was 11.9% less listings taken as compared to January of last year. New pending contracts increased by 16.5% since December, and showed a 3.2% decrease as compared to January of last year. Closed transactions increased by 7.7% since December, which is a 37.7% increase as compared to January of last year. The median sold price in Frederick County was $367,450. The average number of days on market was 50 and the average sold to list to sale price ratio was 96%.
Clarke County
The number of new listings in Clarke County increased 100% from December and decreased by 28.6% from January 2023. Pending sales increased 50% since December and increased 36.4% compared to January 2023. The number of closed transactions decreased 20% from December and was up 200% compared to January of last year. The median sale price was $452,500 and the average length of time on the market was 36 days. The average sale to list price ratio was 95.3%.
Loudoun County
The number of new listings in Loudoun County increased by 69.2% from December and dropped 6.3% since January 2023. Pending sales were up 29.6% from December and down 2% since January 2023. Closed sales decreased 26% from December and increased 15.6% from January of last year. The median sale price was $670,000. The average length of time on the market was 25 days, with an average sale to list price of 99.3%.
Fairfax County
Fairfax County saw an 82.7% increase in the number of new listings from December, which was a 10.5% decrease in the number of listings taken over January of last year. The number of pending sales were up 12.3% from December and decreased 12.3% since January 2023. Closed transactions were down 16.3% from December and decreased by 5.4% since January of last year. The median sale price was $650,000 and the average length of time on the market was 26 days, with an average sale to list ratio of 99.3%.
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.