Blue Ridge Association of REALTORS® (BRAR)
During the month of May, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was up 4.1% from April, which was a 6.8% decrease from the number of new listings taken in May 2021. The number of pending sales decreased 14.1% from April which was a 22.8% decrease from May 2021. Closed sales were up 15.5% since April, with a 4.1% decrease from May 2021. The median sold price was $365,000 which, in comparison to December was 4% higher, as well as 6.3% higher since last May. The average length of time on the market was 12 days and the average sale price to the original list price was 101.6%.
Winchester City
Winchester City saw the number of new listings decrease by 14.6% from April, which was 10.3% fewer listings taken than in May of last year. The number of new pending contracts was down 37.5% from April, and was down 26.5% compared to May of last year. Closed sales were up 16.7% from April, which was a 2.8% decrease compared to May of last year. The median sold price was $292,200 and the average length of time on the market was 7 days. The average list to sold price was 100.9%.
Frederick County
In Frederick County, the number of new listings were up 4% from April, which was 4.1% fewer listings taken as compared to May of last year. New pending contracts also dropped by 15.5% from April, and showed a 22.2% decrease as compared to May of last year. Closed transactions decreased by 3.1% since April, which was a 1.9% decrease as compared to May of last year. The median sold price in Frederick County was $380,000 which is a 9.4% increase compared to April and compared to May of last year it also increased by 3.3%. The average number of days on market was 10 and the average sold to list to sale price ratio was 101.7%.
Clarke County
The number of new listings in Clarke County increased 22.6% from April and dropped 5% from May 2021. Pending sales were up 60% from April and stayed the same compared to May of 2021. The number of closed transactions increased 120% from April and increased 32% since May of last year. The median sale price was $540,000 and the average length of time on the market was 10 days. The average sale to list price ratio was 100.5%.
Loudoun County
The number of new listings in Loudoun County decreased 2.9% from April, and dropped 10.4% since May 2021. Pending sales were down 2.5% from April, and dropped 24.3% since May 2021. Closed sales increased by 10.2% from April, and decreased 15.1% from May of last year. The median sale price was $698,910. The average length of time on the market was 6 days, with an average sale to list price of 103.4%.
Fairfax County
Fairfax County saw a 6.6% decrease in the number of new listings from April, which was a 16.8% decrease in the number of listings taken over May of last year. The number of pending sales was down 1.5% from April and decreased 21.1% since May 2021. Closed transactions were up 15.2% from April, and decreased by 11.3% since May of last year. The median sale price was $715,500 and the average length of time on the market was 8 days, with an average sale to list ratio of 104.3%.
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.