Blue Ridge Association of REALTORS® (BRAR)
During the month of July, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 7.7% lower than in June, which was a 30% decrease from the number of new listings taken in July 2022. The number of pending sales decreased 2% from June which was a 9.5% decrease from July 2022. Closed sales were down 11.1% since June, with a 7.6% decrease from July 2022. The median sold price was $386,250 which, in comparison to March was 3.4% lower and 5.8% more than last July. The average length of time on the market was 30 days and the average sale price to the original list price was 99.7%.
Winchester City
Winchester City saw the number of new listings decrease by 31.6% from June, which was 33.3% less listings taken than in July of last year. The number of new pending contracts decreased by 12.5% since June, and was down 17.6% compared to July of last year. Closed sales were down 35.5% from June, which was 16.7% less compared to July of last year. The median sold price was $300,000 and the average length of time on the market was 33 days. The average list to sold price was 97.2%.
Frederick County
In Frederick County, the number of new listings decreased 13% from June, which was 27.2% less listings taken as compared to July of last year. New pending contracts decreased by 7.4% since June, and showed a 6.2% decrease as compared to July of last year. Closed transactions increased by 7.1% since June, which is a 4.6% increase as compared to July of last year. The median sold price in Frederick County was $389,000 which is a 6.9% decrease compared to June and a 2.9% increase compared to July of last year. The average number of days on market was 28 and the average sold to list to sale price ratio was 100.5%.
Clarke County
The number of new listings in Clarke County increased 11.1% from June and increased by 17.6% from July 2022. Pending sales decreased 40% since June and decreased 29.4% compared to July 2022. The number of closed transactions decreased 56.5% from June and was 16.7% less compared to July of last year. The median sale price was $479,997 and the average length of time on the market was 14 days. The average sale to list price ratio was 103.6%.
Loudoun County
The number of new listings in Loudoun County decreased by 14.3% from June and dropped 36.6% since July 2022. Pending sales were up 5.1% from June and up 3% since July 2022. Closed sales decreased 23.1% from June and decreased 24.5% from June of last year. The median sale price was $710,000. The average length of time on the market was 11 days, with an average sale to list price of 101.1%.
Fairfax County
Fairfax County saw a 14.6% decrease in the number of new listings from June, which was a 40.6% decrease in the number of listings taken over July of last year. The number of pending sales were down 2.8% from June and decreased 10.9% since July 2022. Closed transactions were down 20.7% from June and decreased by 19% since July of last year. The median sale price was $702,000 and the average length of time on the market was 13 days, with an average sale to list ratio of 101.3%.
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.