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 2.8% higher than in July, which was an 11.6% decrease from the number of new listings taken in August 2022. The number of pending sales decreased 10.9% from July which was a 17.4% decrease from August 2022. Closed sales were up 12.5% since July, with an 11% decrease from August 2022. The median sold price was $407,500 which, in comparison to July was 5.5% higher and 6.4% more than last August. The average length of time on the market was 29 days and the average sale price to the original list price was 99.1%.
Winchester City
Winchester City saw the number of new listings increase by 42.3% from July, which was 7.5% less listings taken than in August of last year. The number of new pending contracts decreased by 32.1% since July, and was down 40.6% compared to August of last year. Closed sales were up 50% from July, which was 6.3% less compared to August of last year. The median sold price was $359,950 and the average length of time on the market was 17 days. The average list to sold price was 97.4%.
Frederick County
In Frederick County, the number of new listings decreased 10.9% from July, which was 17.6% less listings taken as compared to August of last year. New pending contracts decreased by 15.3% since July, and showed an 18.3% decrease as compared to August of last year. Closed transactions decreased by 5.1% since July, which is a 18.4% decrease as compared to August of last year. The median sold price in Frederick County was $429,900 which is a 10.5% increase compared to July and a 10.9% increase compared to August of last year. The average number of days on market was 31 and the average sold to list to sale price ratio was 99.6%.
Clarke County
The number of new listings in Clarke County decreased 5% from July and decreased by 17.4% from August 2022. Pending sales increased 91.7% since July and increased 53.3% compared to August 2022. The number of closed transactions increased 70% from July and was 13.3% more compared to August of last year. The median sale price was $510,000 and the average length of time on the market was 20 days. The average sale to list price ratio was 98.8%.
Loudoun County
The number of new listings in Loudoun County increased by 0.2% from July and dropped 23.1% since August 2022. Pending sales were down 18.4% from July and down 23.7% since August 2022. Closed sales increased 12.7% from July and decreased 13.3% from August of last year. The median sale price was $686,000. The average length of time on the market was 15 days, with an average sale to list price of 100.2%.
Fairfax County
Fairfax County saw a 5.2% decrease in the number of new listings from July, which was a 24.9% decrease in the number of listings taken over August of last year. The number of pending sales were down 14.5% from July and decreased 17.4% since August 2022. Closed transactions were up 5.7% from July and decreased by 12.8% since August of last year. The median sale price was $715,000 and the average length of time on the market was 16 days, with an average sale to list ratio of 100.8%.
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.