Market Statistics – February 2020

Blue Ridge Association of REALTORS® (BRAR)

Market Statistics February 2020

Overall, the number of new listings in February for the Blue Ridge Association of REALTORS® service area rose by 12.5% from 2019, with closed sales showing an increase of 53%, and the number of listings under contract up by 32.2% over the same time last year. The median sales price $261,000. The average length of time on the market was 70 days and the average sale price to the original list price was 96.4%.

 

Winchester City saw an increase in the number of new listings by 73.9% over February 2019, and the number of pending contracts had an overwhelming increase of 116.7%. Closed sales rose 53.3% from 2019 with a median sold price of $245,000. The average length of time on the market was 42 days, with an average sold to original list price at 96.4%.

 

In Frederick County, the number of new listings was up 10.7% over February last year, with a 13.4% increase in the number of pending contracts and a whopping 34.2% increase in closed transactions for 2019 versus the same time last year. The median sold price in Frederick County was $255,000, which is a slight drop from January’s median. The average number of days on market rose to 75 and the average sold to list price ratio was 96.8%.

 

The number of new listings was up 22.7% in Clarke County for February from 2019, with an increase of 56.3% in pending sales. The number of closed transaction was up 70% over the same period last year. Median sale price dropped to $318,500, down 16%. Average length of time on the market was 93 days, with an average sale to list ratio of 97.2%.

The number of new listings was remained fairly consistent with just a 0.4% increase in Loudoun County, with an 8.7% increase in the number of pending sales. Closed transactions rose 11.6% over February 2019.  Median sale price was $493,750, a 5.3% increase over February last year. Average length of time on the market was 27 days, with an average sale to list ratio of 99.3%.

Fairfax County saw the number of new listings rise in February with a 12.4% increase over last year, with a 12.8% increase in the number of pending sales. Closed transactions were up 9.1% over February 2019 and the median sale price was $560,000, a 13.7% increase. Average length of time on the market was 29 days, with an average sale to list ratio of 99.4%.

 

 

 

COLONY REALTY OF WINCHESTER

114 N Cameron St., Winchester, VA 22601

(540) 662-0323

John S. Scully, IV, Principal Broker

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.