Blue Ridge Association of REALTORS® (BRAR)
During the month of January, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 19.9% more than in January, which was a 13.9% increase from the number of new listings taken in February 2023. The number of pending sales increased 13.6% from January which was a 0.5% increase from February 2023. Closed sales were up 13.3% since January, with a 3.8% increase from February 2023. The median sold price was $415,950 which, in comparison to January was 14% higher and 12.4% more than last February. The average length of time on the market was 52 days and the average sale price to the original list price was 96.9%.
Winchester City
Winchester City saw the number of new listings decrease by 48.3% from January, which was 34.8% less listings taken than in February of last year. The number of new pending contracts decreased by 24.1% since January, and was down 26.7% compared to February of last year. Closed sales were up 73.3% from January, which was 44.4% more compared to February of last year. The median sold price was $384.950 and the average length of time on the market was 34 days. The average list to sold price was 96.6%.
Frederick County
In Frederick County, the number of new listings increased 40.4% from January, which was 22.5% more listings taken as compared to February of last year. New pending contracts increased by 41.3% since January, and showed a 35.4% increase as compared to February of last year. Closed transactions increased by 2.4% since January, which is a 4.9% increase as compared to February of last year. The median sold price in Frederick County was $421,499. The average number of days on market was 54 and the average sold to list to sale price ratio was 96.7%.
Clarke County
The number of new listings in Clarke County increased 20% from January and decreased by 29.4% from February 2023. Pending sales decreased 26.7% since January and decreased 42.1% compared to February 2023. The number of closed transactions decreased 25% from January and was up 12.5% compared to February of last year. The median sale price was $575,000 and the average length of time on the market was 54 days. The average sale to list price ratio was 92%.
Loudoun County
The number of new listings in Loudoun County decreased by 2.8% from January and dropped 0.6% since February 2023. Pending sales were up 14.8% from January and up 1.5% since February 2023. Closed sales increased 18.9% from January and decreased 3.6% from February of last year. The median sale price was $686,070. The average length of time on the market was 18 days, with an average sale to list price of 101%.
Fairfax County
Fairfax County saw a 23.6% increase in the number of new listings from January, which was a 5.2% increase in the number of listings taken over February of last year. The number of pending sales were up 14.3% from January and decreased 5% since February 2023. Closed transactions were up 32.8% from January and decreased by 0.1% since February of last year. The median sale price was $683,800 and the average length of time on the market was 21 days, with an average sale to list ratio of 101%.
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.