Blue Ridge Association of REALTORS® (BRAR)
During the month of August, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 18.6% lower than in July, which was a 20.2% decrease from the number of new listings taken in August 2021. The number of pending sales decreased 2.3% from July which was a 27.5% decrease from August 2021. Closed sales were up 16.9% since July, with a 19.6% decrease from August 2021. The median sold price was $383,000 which, in comparison to July was 4.9% higher and 9.7% higher since last August. The average length of time on the market was 22 days and the average sale price to the original list price was 97.7%.
Winchester City
Winchester City saw the number of new listings increase by 2.6% from July, which was 21.6% fewer listings taken than in August of last year. The number of new pending contracts decreased by 5.9%, and was down 31.9% compared to August of last year. Closed sales were up 33.3% from July, which was an 8.6% decrease compared to August of last year. The median sold price was $316,000 and the average length of time on the market was 18 days. The average list to sold price was 95.9%.
Frederick County
In Frederick County, the number of new listings decreased by 21.3% from July, which was 18% fewer listings taken as compared to August of last year. New pending contracts decreased by 2.7% from July, and showed a 24.5% decrease as compared to August of last year. Closed transactions increased by 21.5% since July, which was an 11.7% decrease as compared to August of last year. The median sold price in Frederick County was $387,500 which is a 2.5% increase compared to July and a 10.7% increase compared to August of last year. The average number of days on market was 21 and the average sold to list to sale price ratio was 98%.
Clarke County
The number of new listings in Clarke County increased 35.3% from July and dropped 28.1% from August 2021. Pending sales were down 11.8% from July and decreased 42.3% as compared to August of 2021. The number of closed transactions increased 25% from July and dropped 34.8% since August of last year. The median sale price was $469,000 and the average length of time on the market was 27 days. The average sale to list price ratio was 96.8%.
Loudoun County
The number of new listings in Loudoun County decreased 17.3% from July, and dropped 28.2% since August 2021. Pending sales were up 10.2% from July, and dropped 33.1% since August 2021. Closed sales decreased 1.8% from July and decreased 34.1% from August of last year. The median sale price was $660,000. The average length of time on the market was 16 days, with an average sale to list price of 97.9%.
Fairfax County
Fairfax County saw a 24.9% decrease in the number of new listings from July, which was a 32.1% decrease in the number of listings taken over August of last year. The number of pending sales was down 7.8% from July and decreased 30.6% since August 2021. Closed transactions were down 1.8% from July, and decreased by 26.6% since August of last year. The median sale price was $635,000 and the average length of time on the market was 18 days, with an average sale to list ratio of 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.