Blue Ridge Association of REALTORS® (BRAR)
During the month of June, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was down 6% from May, which was a 16.1% decrease from the number of new listings taken in June 2021. The number of pending sales decreased 10.5% from May which was a 28.5% decrease from June 2021. Closed sales were down 12.5% since May, with a 20.5% decrease from June 2021. The median sold price was $380,000 which, in comparison to May was 4.1% higher, as well as 11.8% higher since last June. The average length of time on the market was 17 days and the average sale price to the original list price was 101%.
Winchester City
Winchester City saw the number of new listings increase by 62.9% from May, which was 9.5% fewer listings taken than in June of last year. The number of new pending contracts was equal to May, and was down 54.5% compared to June of last year. Closed sales were down 25.7% from May, which was a 38.1% decrease compared to June of last year. The median sold price was $327,500 and the average length of time on the market was 6 days. The average list to sold price was 101.5%.
Frederick County
In Frederick County, the number of new listings were down 8.6% from May, which was 17.3% fewer listings taken as compared to June of last year. New pending contracts also dropped by 2% from May, and showed a 22.6% decrease as compared to June of last year. Closed transactions decreased by 10.2% since May, which was an 18% decrease as compared to June of last year. The median sold price in Frederick County was $375,000 which is a 1.3% decrease compared to May and compared to June of last year it increased by 7.6%. The average number of days on market was 20 and the average sold to list to sale price ratio was 100.1%.
Clarke County
The number of new listings in Clarke County decreased 26.3% from May and dropped 3.4% from June 2021. Pending sales were down 53.1% from May and decreased 42.3% as compared to June of 2021. The number of closed transactions decreased 12.1% from May and increased 11.5% since June of last year. The median sale price was $529,990 and the average length of time on the market was 18 days. The average sale to list price ratio was 102.9%.
Loudoun County
The number of new listings in Loudoun County increased 5.3% from May, and dropped 11.2% since June 2021. Pending sales were down 15.8% from May, and dropped 31% since June 2021. Closed sales decreased by 1.1% from May, and decreased 26.2% from June of last year. The median sale price was $690,000. The average length of time on the market was 8 days, with an average sale to list price of 101.6%.
Fairfax County
Fairfax County saw a 1.4% increase in the number of new listings from May, which was an 18% decrease in the number of listings taken over June of last year. The number of pending sales was down 23% from April and decreased 32.6% since June 2021. Closed transactions were down 9% from May, and decreased by 28.7% since June of last year. The median sale price was $685,000 and the average length of time on the market was 10 days, with an average sale to list ratio of 102%.
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.