Blue Ridge Association of REALTORS® (BRAR)
During the month of July, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 5.6% more than in June, which was a 19.8% increase from the number of new listings taken in July 2023. The number of pending sales decreased 3.5% from June which was a 2.5% increase from July 2023. Closed sales were down 4.7% since June, with a 17.8% increase from July 2023. The median sold price was $410,000 which, in comparison to June was 1.8% lower and 6.1% more than last July. The average length of time on the market was 34 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 72% from June, which was 65.4% more listings taken than in July of last year. The number of new pending contracts decreased by 2.6% since June, and increased 32.1% compared to July of last year. Closed sales were down 2.9% from June and was 65% more compared to July of last year. The median sold price was $365,000 and the average length of time on the market was 25 days. The average list to sold price was 99.2%.
Frederick County
In Frederick County, the number of new listings increased 7.6% from June, which was 15.6% more listings taken as compared to July of last year. New pending contracts decreased by 1.5% since June, and showed a 4.4% decrease as compared to July of last year. Closed transactions decreased by 12.8% since June, which is a 5.1% decrease compared to July of last year. The median sold price in Frederick County was $440,000. The average number of days on market was 43 and the average sold to list to sale price ratio was 98%.
Clarke County
The number of new listings in Clarke County increased 69.2% from June and was 10% more compared to July 2023. New pending sales decreased 41.2% since June and decreased 16.7% compared to July 2023. The number of closed transactions decreased 40.9% compared to June and was up 30% compared to July of last year. The median sale price was $340,000 and the average length of time on the market was 22 days. The average sale to list price ratio was 98.2%.
Loudoun County
The number of new listings in Loudoun County decreased by 4.2% from June and increased 8.1% since July 2023. Pending sales were down 7% from June and was down 2.9% since July 2023. Closed sales decreased 2.9% from June and increased 22.4% from July of last year. The median sale price was $746,437. The average length of time on the market was 15 days, with an average sale to list price of 100.6%.
Fairfax County
Fairfax County saw a 3.6% decrease in the number of new listings from compared to June, which was a 4.7% increase in the number of listings taken over July of last year. The number of pending sales were down 16% from June and decreased 3.1% since July 2023. Closed transactions were up 2.3% from June and increased by 17.2% since July of last year. The median sale price was $734,000 and the average length of time on the market was 15 days, with an average sale to list ratio of 100.7%.
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.