Blue Ridge Association of REALTORS® (BRAR)
Market Statistics August 2021
During the month of August, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was up 8.6% from July 2021, which was a 17.6% increase from the number of new listings taken in August of 2020. The number of pending sales increased 8.2% from July which was a 0.8% decrease from August of 2020. Closed sales were up 1.9% since July, with a 7.6% decrease from August 2020. The median sold price in August was $349,000 which, in comparison to July was 2.2% higher, as well as 16.3% higher since last August. The average length of time on the market was 14 days and the average sale price to the original list price was 100.2%.
Winchester City saw a significant increase in new listings by 34.2% compared to July, as well as an increase of 59.4% since last August. The number of new pending contracts was up 30.6% from July, which was a 34.3% increase since August of last year. Closed sales decreased by 23.9% since July, which was also a 23.9% decrease since August of 2020. The median sold price was $280,000 while the average length of time on the market was 14 days. The average list to sold price ratio was 98.9%.
In Frederick county, the number of new listings were up 3.7& from July and 12.1% from August of last year. New pending contracts also increased by 3.3% from July and increased 4.4% as compared to August 2020. Closed transactions since July increased by 4.1% and declined by 5.8% since last year. The median sold price was $350,000 which was a 2% increase since July and a 9.6% increase since August of last year. The average number of days on the market was 10, and the average sold to list price ratio was 100.6%.
And finally, in Clarke County this August, the number of new listings were up 23.1% from July, which was an incredible increase of 77.8% more listings since August of last year. New pending contracts were down 7.1% since July, and 10.3% since August of 2020. Closed transactions decreased 23.3% since July, and since August 2020, decreased 20.7%. The median sold price in Frederick County was $455,000 which was a 13.8% increase since last year. The average number of days on the market was 14, and the average sold to list price ratio was 98.4%.
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.