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 30.2% higher than in December, which was a 12.1% increase from the number of new listings taken in January 2022. The number of pending sales increased 52.9% from December which was a 4.7% decrease from January 2022. Closed sales were down 38.3% since December, with a 42.2% decrease from January 2022. The median sold price was $325,000 which, in comparison to December was 14.2% lower and 5.1% less than last January. The average length of time on the market was 39 days and the average sale price to the original list price was 95.8%.
Winchester City
Winchester City saw the number of new listings decrease by 47.6% from December, which was 45% less listings taken than in January of last year. The number of new pending contracts decreased by 16% , and was down 19.2% compared to January of last year. Closed sales were down 11.8% from December, which was a 40% decrease compared to January of last year. The median sold price was $300,000 and the average length of time on the market was 22 days. The average list to sold price was 100.1%.
Frederick County
In Frederick County, the number of new listings increased by 26.3% from December, which was 5.2% more listings taken as compared to January of last year. New pending contracts increased by 58.3% from December, and showed a 4.4% increase as compared to January of last year. Closed transactions decreased by 34.4% since December, which is a 39% decrease as compared to January of last year. The median sold price in Frederick County was $345,900 which is a 7.8% decrease compared to December and a 3.2% decrease compared to January of last year. The average number of days on market was 37 and the average sold to list to sale price ratio was 96.2%.
Clarke County
The number of new listings in Clarke County increased 75% from December and increased by 7.7% from January 2022. Pending sales were up 57.1% from December. The number of closed transactions decreased 69.2% from December and dropped 60% since January of last year. The median sale price was $437,245 and the average length of time on the market was 69 days. The average sale to list price ratio was 79.9%.
Loudoun County
The number of new listings in Loudoun County increased by 75.6% from December, and dropped 10.1% since January 2022. Pending sales were up 40.1% from December and dropped 18.9% since January 2022. Closed sales decreased 40.9% from December and decreased 31.2% from January of last year. The median sale price was $653,456. The average length of time on the market was 37 days, with an average sale to list price of 96.8%.
Fairfax County
Fairfax County saw a 51.9% increase in the number of new listings from December, which was a 18.4% decrease in the number of listings taken over January of last year. The number of pending sales were up 38.8% from December and decreased 18.1% since January 2022. Closed transactions were down 27.8% from December, and decreased by 32.4% since January of last year. The median sale price was $610,000 and the average length of time on the market was 35 days, with an average sale to list ratio of 97.1%.
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.