Blue Ridge Association of REALTORS® (BRAR)
During the month of April, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 2.6% higher than in March, which was a 35.3% decrease from the number of new listings taken in April 2022. The number of pending sales decreased 0.4% from March which was a 29.7% decrease from April 2022. Closed sales were down 11.9% since March, with a 29.9% decrease from April 2022. The median sold price was $375,000 which, in comparison to March was 0.5% lower and 6.8% more than last April. The average length of time on the market was 30 days and the average sale price to the original list price was 98.2%.
Winchester City
Winchester City saw the number of new listings decrease by 6.4% from March, which was 32.8% less listings taken than in April of last year. The number of new pending contracts decreased by 2.3% , and was down 32.3% compared to April of last year. Closed sales were down 20.3% from March, which was 47.9% less compared to April of last year. The median sold price was $327,500 and the average length of time on the market was 29 days. The average list to sold price was 97.3%.
Frederick County
In Frederick County, the number of new listings was stable compared to March, which was 38.8% less listings taken as compared to April of last year. New pending contracts were also stable compared to March, and showed a 33.9% decrease as compared to April of last year. Closed transactions decreased by 8.3% since March, which is a 38.3% decrease as compared to April of last year. The median sold price in Frederick County was $381,450 which is a 4.6% decrease compared to March and a 9.8% increase compared to April of last year. The average number of days on market was 33 and the average sold to list to sale price ratio was 97.7%.
Clarke County
The number of new listings in Clarke County increased 5.6% from March and decreased by 38.7% from April 2022. Pending sales were stable compared to March and up 15% compared to April 2022. The number of closed transactions increased 5.6% from March and was 26.7% more compared to April of last year. The median sale price was $603,595 and the average length of time on the market was 31 days. The average sale to list price ratio was 96.9%.
Loudoun County
The number of new listings in Loudoun County decreased by 2.2% from March, and dropped 47.7% since April 2022. Pending sales were up 7.3% from March and dropped 32.2% since April 2022. Closed sales increased 16.7% from March and decreased 33.4% from April of last year. The median sale price was $700,250. The average length of time on the market was 16 days, with an average sale to list price of 101.7%.
Fairfax County
Fairfax County saw a 11.1% decrease in the number of new listings from March, which was a 51.8% decrease in the number of listings taken over April of last year. The number of pending sales were up 11.4% from March and decreased 28.9% since April 2022. Closed transactions were up 3.5% from March and decreased by 34.7% since April of last year. The median sale price was $700,000 and the average length of time on the market was 14 days, with an average sale to list ratio of 102%.
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.