Blue Ridge Association of REALTORS® (BRAR)
During the month of March, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 28.9% higher than in February, which was a 35.9% decrease from the number of new listings taken in March 2022. The number of pending sales increased 13% from February which was a 22.1% decrease from March 2022. Closed sales were up 34.6% since February, with a 5.4% decrease from March 2022. The median sold price was $377,000 which, in comparison to February was 1.9% higher and 2.2% more than last March. The average length of time on the market was 46 days and the average sale price to the original list price was 98.3%.
Winchester City
Winchester City saw the number of new listings increase by 47.8% from February, which was 10.5% less listings taken than in March of last year. The number of new pending contracts increased by 10% , and was up 13.8% compared to March of last year. Closed sales were up 38.9% from February, which was 25% more compared to March of last year. The median sold price was $369,900 and the average length of time on the market was 45 days. The average list to sold price was 99.2%.
Frederick County
In Frederick County, the number of new listings increased by 20.6% from February, which was 37.6% less listings taken as compared to March of last year. New pending contracts increased by 19.8% from February, and showed a 29.4% decrease as compared to March of last year. Closed transactions increased by 32.9% since February, which is an 8.4% decrease as compared to March of last year. The median sold price in Frederick County was $400,000 which is a 1.6% increase compared to February and a 7% increase compared to March of last year. The average number of days on market was 48 and the average sold to list to sale price ratio was 98.5%.
Clarke County
The number of new listings in Clarke County increased 5.9% from February and decreased by 37.9% from March 2022. Pending sales were up 21.1% from February and up 4.5% compared to March 2022. The number of closed transactions increased 125% from February and was 33.3% less compared to March of last year. The median sale price was $554,995 and the average length of time on the market was 62 days. The average sale to list price ratio was 95.5%.
Loudoun County
The number of new listings in Loudoun County increased by 42.7% from February, and dropped 39.8% since March 2022. Pending sales were up 37.4% from February and dropped 29.4% since March 2022. Closed sales increased 33.2% from February and decreased 36.5% from March of last year. The median sale price was $720,000. The average length of time on the market was 20 days, with an average sale to list price of 100.2%.
Fairfax County
Fairfax County saw a 45.8% increase in the number of new listings from February, which was a 38.1% decrease in the number of listings taken over March of last year. The number of pending sales were up 34.1% from February and decreased 30.1% since March 2022. Closed transactions were up 38.3% from February and decreased by 31.7% since March of last year. The median sale price was $662,000 and the average length of time on the market was 20 days, with an average sale to list ratio of 101.2%.
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.