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 7.4% less than in September, which was a 17.9% increase from the number of new listings taken in October 2023. The number of pending sales decreased 13.3% from September which was a 31.4% increase from October 2023. Closed sales were up 3.2% since September, with a 27.3% increase from October 2023. The median sold price was $389,000 which, in comparison to August was 4% lower and 1.8% less than last October. The average length of time on the market was 36 days and the average sale price to the original list price was 97.5%.
Winchester City
Winchester City saw the number of new listings decrease by 6.9% from September, which was 28.6% more listings taken than in October of last year. The number of new pending contracts decreased by 28.9% since September, and increased 35% compared to October of last year. Closed sales were up 17.9% from September and was 22.2% more compared to October of last year. The median sold price was $350,000 and the average length of time on the market was 31 days. The average list to sold price was 94.7%.
Frederick County
In Frederick County, the number of new listings decreased 11.9% from September, which was 11% more listings taken as compared to October of last year. New pending contracts decreased by 13.2% since September, and showed a 34.4% increase as compared to October of last year. Closed transactions decrease 12.7 compared to September, which is a 20.4% increase compared to October of last year. The median sold price in Frederick County was $390,000. The average number of days on market was 39 and the average sold to list to sale price ratio was 98%.
Clarke County
The number of new listings in Clarke County was decreased 6.3% compared to September and was stable to October 2023. New pending sales increased 25% since September and decreased 28.6% compared to October 2023. The number of closed transactions increased 25% compared to September and was down 16.7% compared to October of last year. The median sale price was $450,000 and the average length of time on the market was 25 days. The average sale to list price ratio was 99%.
Loudoun County
The number of new listings in Loudoun County decreased by 14.8% from September and increased 2.2% since October 2023. Pending sales were down 5.7% from September and was up 28.3% since October 2023. Closed sales increased 19% from September and increased 36.6% from October of last year. The median sale price was $725,000. The average length of time on the market was 26 days, with an average sale to list price of 99.3%.
Fairfax County
Fairfax County saw an 8.8% decrease in the number of new listings from compared to September, which was a 3.8% increase in the number of listings taken over October of last year. The number of pending sales were down 4.8% from September and increased 14.6% since October 2023. Closed transactions were up 4.7% from September and increased by 12.6% since October of last year. The median sale price was $725,000 and the average length of time on the market was 18 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.