Blue Ridge Association of REALTORS® (BRAR)
During the month of March, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 47.8% more than in February, which was a 30.6% increase from the number of new listings taken in March 2023. The number of pending sales increased 28.9% from February which was a 14.6% increase from March 2023. Closed sales were up 24.7% since February, with a 3.8% decrease from March 2023. The median sold price was $423,982 which, in comparison to February was 1.9% higher and 12.5% more than last March. The average length of time on the market was 45 days and the average sale price to the original list price was 97.8%.
Winchester City
Winchester City saw the number of new listings increase by 140% from February, which was 5.9% more listings taken than in March of last year. The number of new pending contracts increased by 45.5% since February, and was down 3% compared to March of last year. Closed sales were down 3.8% from February and was stable compared to March of last year. The median sold price was $316,000 and the average length of time on the market was 32 days. The average list to sold price was 97.7%.
Frederick County
In Frederick County, the number of new listings increased 34.4% from February, which was 36.6% more listings taken as compared to March of last year. New pending contracts increased by 12.3% since February, and showed a 27% increase as compared to March of last year. Closed transactions increased by 37.2% since February, which is an 8.3% increase as compared to March of last year. The median sold price in Frederick County was $432,495. The average number of days on market was 48 and the average sold to list to sale price ratio was 97.5%.
Clarke County
The number of new listings in Clarke County increased 50% from February and decreased was stable compared to March 2023. Pending sales increased 63.6% since February and decreased 21.7% compared to March 2023. The number of closed transactions increased 66.7% from February and was down 16.7% compared to March of last year. The median sale price was $450,000 and the average length of time on the market was 51 days. The average sale to list price ratio was 95.9%.
Loudoun County
The number of new listings in Loudoun County increased by 28.5% from February and dropped 10.4% since March 2023. Pending sales were up 26.3% from February and down 6.7% since March 2023. Closed sales increased 34.5% from February and decreased 2.7% from March of last year. The median sale price was $750,000. The average length of time on the market was 14 days, with an average sale to list price of 101.4%.
Fairfax County
Fairfax County saw a 19.8% increase in the number of new listings from February, which was a 13.6% decrease in the number of listings taken over March of last year. The number of pending sales were up 44.6% from February and increased 2.4% since March 2023. Closed transactions were up 18% from February and decreased by 14.8% since March of last year. The median sale price was $739,999 and the average length of time on the market was 14 days, with an average sale to list ratio of 102.6%.
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.