Blue Ridge Association of REALTORS® (BRAR)
During the month of February, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 7.2% lower than in January, which was a 17.8% decrease from the number of new listings taken in February 2022. The number of pending sales increased 9.9% from January which was a 2.4% decrease from February 2022. Closed sales were up 44.4% since January, with a 5.5% decrease from February 2022. The median sold price was $370,000 which, in comparison to January was 13.8% higher and 1.1% more than last February. The average length of time on the market was 44 days and the average sale price to the original list price was 98.1%.
Winchester City
Winchester City saw the number of new listings increase by 109.1% from January, which was 9.5% more listings taken than in February of last year. The number of new pending contracts increased by 42.9% , and was down 30.4% compared to February of last year. Closed sales were up 20% from January, which was stable compared to February of last year. The median sold price was $312,500 and the average length of time on the market was 42 days. The average list to sold price was 95.9%.
Frederick County
In Frederick County, the number of new listings increased by 1% from January, which was 17.1% less listings taken as compared to February of last year. New pending contracts increased by 1.1% from January, and showed a 15.8% decrease as compared to February of last year. Closed transactions increased by 34.4% since January, which is an 11.8% decrease as compared to February of last year. The median sold price in Frederick County was $393,660 which is a 13.8% increase compared to January and a 3.1% increase compared to February of last year. The average number of days on market was 50 and the average sold to list to sale price ratio was 98.1%.
Clarke County
The number of new listings in Clarke County increased 21.4% from January and decreased by 39.3% from February 2022. Pending sales were up 72.7% from January and down 9.5% compared to February 2022. The number of closed transactions increased 100% from January and was stable compared to February of last year. The median sale price was $551,137 and the average length of time on the market was 40 days. The average sale to list price ratio was 98.2%.
Loudoun County
The number of new listings in Loudoun County decreased by 8.4% from January, and dropped 39% since February 2022. Pending sales were up 10.9% from January and dropped 33.4% since February 2022. Closed sales increased 42.7% from January and decreased 23.9% from February of last year. The median sale price was $630,000. The average length of time on the market was 32 days, with an average sale to list price of 98.7%.
Fairfax County
Fairfax County saw a 5.2% increase in the number of new listings from January, which was a 41.1% decrease in the number of listings taken over February of last year. The number of pending sales were up 5.6% from December and decreased 34.1% since February 2022. Closed transactions were up 25.7% from January and decreased by 25.6% since February of last year. The median sale price was $620,000 and the average length of time on the market was 31 days, with an average sale to list ratio of 99.1%.
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.