Market Statistics – October 2019

Blue Ridge Association of REALTORS® (BRAR)
Market Statistics October 2019

Overall, the number of new listings in October for the Blue Ridge Association of REALTORS® service area increased by 3% from 2018, with closed sales showing an increase of 7.9% from 2018 and the number of listings under contract was up by 0.3%. The median sales price dropped from $260,000 to $259,000, which is a 0.4% decrease since last year. The average length of time on the market was 43 days and the average sale price to the original list price was 96.1%.

 

In Frederick County, the number of new listings was up 2.4% over last year, with a 3.5% increase in the number of pending contracts and a whopping 12.5% increase in closed transactions for 2019 versus the same time last year. The median sold price in Frederick County was $250,000, which was a 0.7% increase over last year. Average days on market was 42 and the average sold to list price ratio was 96.9%.

 

Clarke County saw the number of new listings drop 4.1% from last year, while the number of pending contracts decreased 12% and the number of closed sales dropped by 8.5%. The median sold price also decreased in October to $368,372, down 2.3% from last year. Average length of time on the market was 31 days, with an average list to sale price of 94.9%.

 

Warren County saw an increase of 6.3% in new listings and a decrease of 0.2% in pending sales, while the number of closed transactions was up by 8.4%. The median sale price was $230,000, up 2.8% over last year. The average number of days until contract was 53 and the average list to sale price ratio was 95.2%.

 

The number of new listings was down 3.2% in Loudoun County, with a decrease of 4.8% in pending sales. The number of closed transaction was up however, with an increase of 1.1% from 2018. Median sale price rose to $495,000, a 4.2% increase over last year. Average length of time on the market was 30 days, with an average sale to list ration of 98.2%.

 

Jefferson County, WV saw a 4.5% increase in the number of new listings over last year, with a slight drop in the number of pending contracts of 0.4%. The number of closed transactions was up 8.8% over last year, with a 9.9% increase since September. The median sale price was $257,000, which was a 6.1% improvement over 2018. Average days on market was 63 and the list to sale price was 95.1%.

 

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.