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 47.6% more than in December, which was a 7% increase from the number of new listings taken in January 2024. The number of pending sales decreased 3.5% from December which was a 6.8% decrease from January 2024. Closed sales were down 30% since December, with a 4.2% increase from January 2024. The median sold price was $419,000 which, in comparison to December was 3.7% less and 14.8% more than January 2024. The average length of time on the market was 35 days and the average sale price to the original list price was 97%.
Winchester City
Winchester City saw the number of new listings increase by 25% from December, which was 31% less listings taken than in January of last year. The number of new pending contracts decreased 12.9 compared to December, and decreased 6.9% compared to January of last year. Closed sales were down 8% from December and was 53.3% more compared to January of last year. The median sold price was $389,900 and the average length of time on the market was 34 days. The average list to sold price was 97%.
Frederick County
In Frederick County, the number of new listings increased 53.2% from December, which was 36% more listings taken as compared to January of last year. New pending contracts increased by 7.4% since December, and showed a 10.9% increase as compared to January of last year. Closed transactions decreased 36.6% compared to December, which is a 7.1% decrease compared to January of last year. The median sold price in Frederick County was $439,750. The average number of days on market was 38 and the average sold to list to sale price ratio was 97.3%.
Clarke County
The number of new listings in Clarke County decreased 16.7% compared to December and decreased 50% compared to January 2024. New pending sales decreased 12.5% since December and decreased 25% compared to January 2024. The number of closed transactions decreased 60.9% compared to December and was down 25% compared to January of last year. The median sale price was $655,000 and the average length of time on the market was 23 days. The average sale to list price ratio was 97.2%.
Loudoun County
The number of new listings in Loudoun County increased by 72.7% from November and decreased 6.2% since January 2024. Pending sales were up 9.8% from December and was down 9.4% since January 2024. Closed sales decreased 32.5% from December and increased 17.1% from January of last year. The median sale price was $691,000. The average length of time on the market was 28 days, with an average sale to list price of 99.6%.
Fairfax County
Fairfax County saw a 66.9% increase in the number of new listings from compared to December, which was a 7.2% decrease in the number of listings taken over January of last year. The number of pending sales were up 6.9% from December and decreased 10.7% since January 2024. Closed transactions were down 33.7% from December and increased by 7.3% since January of last year. The median sale price was $700,000 and the average length of time on the market was 28 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.