Blue Ridge Association of REALTORS® (BRAR)
During the month of November, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was down 9.6% from November, which was a 8.6% increase from the number of new listings taken in December of 2020. The number of pending sales decreased 17.9% from November which was a 6.6% decrease from December of 2020. Closed sales were down 7.1% since November, with a 7.8% decrease from December 2020. The median sold price was $365,000 which, in comparison to November was 7.4% higher, as well as 22.1% higher since last December. The average length of time on the market was 25 days and the average sale price to the original list price was 95.5%.
Winchester City
Winchester City saw the number of new listings decrease by 32.1% from November, which was 17.4% fewer listings taken than in December of last year. The number of new pending contracts was down 37.9% from November, which was a 21.7% decrease when compared to December of last year. Closed sales were down 13.8% from November, which was a 16.7% decrease as compared to December of last year. The median sold price was $260,000 and the average length of time on the market was 37 days. The average list to sold price was 94.3%.
Frederick County
In Frederick County, the number of new listings was down 4.9% from November, which was 15.8% more listings taken as compared to December of last year. New pending contracts also dropped by 11.3% from November, and showed no increase or decrease as compared to December of last year. Closed transactions decreased by 5.6% since November, which was a 6.8% decrease as compared to December of last year. The median sold price in Frederick County was $366,200 which is a 4.6% increase compared to November and compared to December of last year it increased by 25%. The average number of days on market was 20 and the average sold to list to sale price ratio was 100.3%.
Clarke County
The number of new listings in Clarke County increased 40% from November, also dropped 22.2% from December 2020. Pending sales were down 22.2% from November, as well as 41.7% from December of last year. The number of closed transactions decreased 46.4 % from November and decreased 48.3% since December of last year. The median sale price was $535,000 and the average length of time on the market was 25 days. The average sale to list price ratio was 99.9%.
Loudoun County
The number of new listings in Loudoun County dropped 11.4 % from November, and also dropped 15.3% since December 2020. Pending sales were down 32.5% from November, and dropped 23.8% since December 2020. Closed sales dropped by 14.7% from November, as well as 15.9% from the number of closed transactions in December of last year. The median sale price was $622,500. The average length of time on the market was 20 days, with an average sale to list price of 100.4%.
Fairfax County
Fairfax County saw a 29.6% decrease in the number of new listings from November, which was a 19.8% decrease in the number of listings taken over December of last year. The number of pending sales was down 35% from November, decreased 17.1% since December 2020. Closed transactions were down 12.8% from November, and decreased by 3% since December of last year. The median sale price was $600,000 and the average length of time on the market was 26 days, with an average sale to list ratio of 99.3%.
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.