Market Statistics – October 2020

Blue Ridge Association of REALTORS® (BRAR)

Market Statistics October 2020

The overall number of new listings in September for the Blue Ridge Association of REALTORS® service area was up 14.5%, from September, which was a 15.2% increase from the number of new listings taken in October 2019. The number of Pending Sales raised 5.2% from September, which was still an astounding 27.9% increase as compared to October 2019. Closed sales were down 12.8% from September, a 20.2% increase from October 2019. The median sales price was $295,000, which is 22.9% higher than in October of last year. The average length of time on the market was 29 days and the average sale price to the original list price was 99.3%.

 

Winchester City saw the number of new listings decrease by 21.4% from September, which was 28.3% fewer listings taken than in October of last year. The number of new pending contracts was up 2.9% from September, which was a 2.9% increase when compared to October of last year. Closed sales were up 2.9% from September, which was an impressive 20% increase as compared to October of last year. The median sold price was $274,250 and the average length of time on the market was 42 days. The average list to sold price was 99.4%.

 

In Frederick County, the number of new listings was up 11.7% from September, which was 18.9% fewer listings taken as compared to October of last year. New pending contracts also increased by 11.8% from September, still a 33.3% increase as compared to October of last year. Closed transactions dropped 12.3% in September, which was a 18.2% improvement as compared to October of last year. The median sold price in Frederick County was $299,999, which is a 20% improvement compared to October last year. The average number of days on market 28 and the average sold to list to sale price ratio was 100%.

 

The number of new listings in Clarke County increased 81.0% from September, also the number of new listings remained the same from October 2019. Pending sales were up 26.3% from September, still a 84.6% improvement over October of last year. The number of closed transactions dropped 33.3% in September as compared to October, which decreased 5.3% over October of last year.  The median sale price was $469,950 and the average length of time on the market was 31 days. The average sale to list price ratio was 97.1%.

 

 

The number of new listings in Loudoun County increased 0.7% from September, a 19.2% increase over October 2019. Pending sales were down 9.3% from September, a 35.3% improvement over October 2019. Closed sales dropped by 5.3% from September, a 40.7% improvement from the number of closed transactions in October 2019. The median sale price was $542,000. The average length of time on the market was 16 days, with an average sale to list price of 100.1%.

 

 

Fairfax County saw a 1.8% decrease in the number of new listings from September, which was a 36.7% increase in the number of listings taken over October of last year. The number of pending sales was up 0.5% from September, a 30.4% increase over October 2019. Closed transactions were up 1.8% from September, which is 28.2% more closed transactions than in October of 2019. The median sale price was $585,000 and the average length of time on the market was 16 days, with an average sale to list ratio of 100.3%.

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.

www.colonysells.com

*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.