Blue Ridge Association of REALTORS® (BRAR)
During the month of October, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was 5.5% lower than in September, which was a 21.1% decrease from the number of new listings taken in October 2021. The number of pending sales decreased 9.7% from September which was a 32.1% decrease from October 2021. Closed sales were down 18.3% since September, with a 35.6% decrease from October 2021. The median sold price was $349,950 which, in comparison to September was 3.5% lower and 7.7% higher since last October. The average length of time on the market was 29 days and the average sale price to the original list price was 97.1%.
Winchester City
Winchester City saw the number of new listings decrease by 33.3% from September, which was 20% fewer listings taken than in October of last year. The number of new pending contracts decreased by 6.3% , and was down 11.8% compared to October of last year. Closed sales were up 3.3% from September, which was a 35.4% decrease compared to October of last year. The median sold price was $280,000 and the average length of time on the market was 29 days. The average list to sold price was 93.6%.
Frederick County
In Frederick County, the number of new listings increased by 3.1% from September, which was 22.9% fewer listings taken as compared to October of last year. New pending contracts decreased by 3.7% from September, and showed a 34.6% decrease as compared to October of last year. Closed transactions decreased by 12.5% since September, which is a 33.8% decrease as compared to October of last year. The median sold price in Frederick County was $369,000 which is a 2.9% decrease compared to September and a 12.7% increase compared to October of last year. The average number of days on market was 32 and the average sold to list to sale price ratio was 98.1%.
Clarke County
The number of new listings in Clarke County decreased 8% from September and increased by 27.8% from October 2021. Pending sales were down 12.5% from September and decreased 33.3% as compared to October of 2021. The number of closed transactions decreased 28.6% from September and dropped 42.3% since October of last year. The median sale price was $513,000 and the average length of time on the market was 30 days. The average sale to list price ratio was 101.5%.
Loudoun County
The number of new listings in Loudoun County decreased by 20.4% from September, and dropped 28.1% since October 2021. Pending sales were down 15.6% from September and dropped 47% since October 2021. Closed sales decreased 12.1% from September and decreased 36% from October of last year. The median sale price was $653,950. The average length of time on the market was 24 days, with an average sale to list price of 98.1%.
Fairfax County
Fairfax County saw a 22.5% decrease in the number of new listings from September, which was a 33.3% decrease in the number of listings taken over October of last year. The number of pending sales were down 11.2% from September and decreased 38.6% since October 2021. Closed transactions were down 13.7% from September, and decreased by 38.6% since October of last year. The median sale price was $640,000 and the average length of time on the market was 25 days, with an average sale to list ratio of 98%.
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.