Blue Ridge Association of REALTORS® (BRAR)
Market Statistics September 2021
During the month of August, the overall number of new listings for the Blue Ridge Association of REALTORS® service area was down7.4%, which was a 3% increase from the number of new listings taken in September of 2020. The number of pending sales decreased 13.2% from August which was a 1.3% increase from September of 2020. Closed sales were down 2.4% since August, with a 0.6% decrease from September 2020. The median sold price in August was $330,000 which, in comparison to July was 5.4% lower, as well as 8.2% higher since last September. The average length of time on the market was 22 days and the average sale price to the original list price was 99.2%.
Winchester City saw a significant decrease in new listings by 23.5% compared to August, as well as an decrease of 7.1% since last September. The number of new pending contracts was down 14.9% from August, which was a 17.6% increase since September of last year. Closed sales increased by 22.9% since August, which was also a 22.9% decrease since September of 2020. The median sold price was $297,000 while the average length of time on the market was 14 days. The average list to sold price ratio was 99.5%.
In Frederick county, the number of new listings were down 5.7% from August and up 1.7% from September of last year. New pending contracts also decreased by 11.2% from August and increased 3.7% as compared to September 2020. Closed transactions since August increased by 1.7% and increased by 11.7% since last year. The median sold price was $347,500 which was a 0.7% decrease since August and a 9.4% increase since September of last year. The average number of days on the market was 24, and the average sold to list price ratio was 99.4%.
And finally, in Clarke County this September, the number of new listings were down 3.1% from August, which was an incredible increase of 47.6% more listings since September of last year. New pending contracts were up 15.4% since August, and 57.9% since September of 2020. Closed transactions increased 4.3% since August, and since September 2020, decreased 11.1%. The median sold price in Frederick County was $405,495 which was a 10.9% decrease since last year. The average number of days on the market was 27, and the average sold to list price ratio was 97.2%.
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.