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 1% less than in March, which was a 26.1% increase from the number of new listings taken in April 2023. The number of pending sales increased 3.1% from March which was an 18.7% increase from April 2023. Closed sales were up 15.3% since March, with a 25.9% increase from April 2023. The median sold price was $409,000 which, in comparison to March was 3.5% lower and 9.1% more than last April. The average length of time on the market was 28 days and the average sale price to the original list price was 99.7%.
Winchester City
Winchester City saw the number of new listings increase by 38.9% from March, which was 35.1% more listings taken than in April of last year. The number of new pending contracts increased by 31.3% since March, and was up 40% compared to April of last year. Closed sales were up 12% from March and was 55.6% more compared to April of last year. The median sold price was $382,495 and the average length of time on the market was 36 days. The average list to sold price was 99.4%.
Frederick County
In Frederick County, the number of new listings decreased 4.2% from March, which was 30.9% more listings taken as compared to April of last year. New pending contracts decreased by 6.2% since March, and showed a 19.1% increase as compared to April of last year. Closed transactions increased by 14.4% since March, which is a 35% increase as compared to April of last year. The median sold price in Frederick County was $428,790. The average number of days on market was 32 and the average sold to list to sale price ratio was 99.5%.
Clarke County
The number of new listings in Clarke County increased 5.6% from March and was stable compared to April 2023. Pending sales increased 16.7% since March and decreased 8.7% compared to April 2023. The number of closed transactions decreased 13.3% from March and was down 31.6% compared to April of last year. The median sale price was $450,000 and the average length of time on the market was 30 days. The average sale to list price ratio was 100.6%.
Loudoun County
The number of new listings in Loudoun County increased by 25.6% from March and increased 15% since April 2023. Pending sales were up 19.2% from March and up 3.6% since April 2023. Closed sales increased 26.2% from March and increased 5.2% from April of last year. The median sale price was $778.200. The average length of time on the market was 15 days, with an average sale to list price of 101.5%.
Fairfax County
Fairfax County saw a 25.7% increase in the number of new listings from March, which was a 22.2% increase in the number of listings taken over April of last year. The number of pending sales were up 17.2% from March and increased 7.7% since April 2023. Closed transactions were up 41.6% from March and increased by 16.5% since April of last year. The median sale price was $750,000 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.