Blue Ridge Association of REALTORS® (BRAR)
Market Statistics April 2021
The overall number of new listings in April for the Blue Ridge Association of REALTORS® service area was down 1.9%, from March, which was a 18.8% increase from the number of new listings taken in April 2020. The number of Pending Sales increased 10.9% from March, which was a 21.8% increase as compared to April 2020. Closed sales were up 22.8% from March, a 12.1% increase from April 2020. The median sales price was $312,000, which is 11.8% higher than in April of last year. The average length of time on the market was 18 days and the average sale price to the original list price was 101.3%.
Winchester City saw the number of new listings decrease by 17% from March, which was still 12% less listings taken than in April of last year. The number of new pending contracts was up 2.3% from March, which was a 45.2% increase when compared to April of last year. Closed sales remained the same from March, which was an 18.5% increase as compared to April of last year. The median sold price was $270,500 and the average length of time on the market was 31 days. The average list to sold price was 101.6%.
In Frederick County, the number of new listings were down 7.4% from March, which was 26.6% more listings taken as compared to April of last year. New pending contracts also increased by 11.5% from March, a 12.2% increase as compared to April of last year. Closed transactions increased 34.9% in March, which was a 3.6% increase as compared to April of last year. The median sold price in Frederick County was $320,000 which is an 8.5% improvement compared to April last year. The average number of days on market 18 and the average sold to list to sale price ratio was 100.9%.
The number of new listings in Clarke County increased 76.2% from March, a 54.2% increase from April 2020. Pending sales also increased 26.3% from March, an 11.1% decline over April of last year. The number of closed transactions decreased 39.3% in March as compared to April, which was a 10.5% decrease over April of last year. The median sale price was $420,000 and the average length of time on the market was 25 days. The average sale to list price ratio was 101.4%.
The number of new listings in Loudoun County increased 6.8% from March, a 50.8% increase over April 2020. Pending sales were down 1.9% from March, a 69.5% increase over April 2020. Closed sales increased 39.4% from March, a 47.1% improvement from the number of closed transactions in April 2020. The median sale price was $606,000. The average length of time on the market was 10 days, with an average sale to list price of 103.8%.
Fairfax County saw a 23.9% increase in the number of new listings from March, which was a 68.9% increase in the number of listings taken over April of last year. The number of pending sales were up 3.5% from March, a 64.6% increase over April 2020. Closed transactions were up 19.3% from March, which is still 40.1% more closed transactions than in April of 2020. The median sale price was $634,745 and the average length of time on the market was 12 days, with an average sale to list ratio of 103%.
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.