Charlottesville Real Estate Talk

head_left_image

Albemarle County VA Real Estate Market Report - July 2011

Albemarle County VA Real Estate Market Report - July 2011

This Albemarle County market report will focus on the sales of single family detached homes.

July 2010 average list price $491,057.
July 2011 average list price $420,684.

July 2010 average sale price $467,966.
July 2011 average sale price $408,711.

July 2010 median sold price $354,000.
July 2011 median sold price $365,500.

graph of Albemarle County home sales

July 2010 %sold/list 95.29%.
July 2011 %sold/list 97.15%.

July 2010 average continual days on market 145.
July 2011 average continual days on Market 106.

Graph of Albemarle County sales and inventory

1/1/2010 - 7/31/2010, 444 Albemarle County homes sold.
1/1/2011 - 7/31/2011, 435 homes sold on the Albemarle County real estate market.

The figures are a bit of a mixed bag.  The good news is the drop in days on market and the median sold price is up this month, but before we get too excited we would need to see this continue.  Sales are down slightly over the same period last year, but we must remember that last year had the tax credit driving sales. Also it is good to note that this is vacation time and historically sales are lower at this time of year.  We would hope to see stronger sales in September as children return to school and parents get back to concentrating on their home search.  In addition, it is important to look at the trend over time to get more perspective.  Over all the Albemarle County real estate market remains flat.

The above figures are from the mls and while they are deemed to be correct they are not guaranteed.

post divider

Contact Pam Dent, e-PRO, SRES, SFR, President Blue Ridge Chapter Women's Council of Realtors, Montague Miller & Company, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.

Licensed to sell real estate in Virginia.

View all of the Charlottesville Virginia homes for sale.

View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.

Tech Savvy Agent Badge facebook button linkedin twitter icon

Copyright 2011 by Pam Dent, all rights reserved "Albemarle County VA Real Estate Market Report - July 2011".

 

 

 

0 comments • Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms • August 04 2011 02:15PM

Albemarle County VA Real Estate Market Report - February 2011

This Albemarle County VA real estate market report will examine the sales of single family detached homes during February 2011.

February 2010 average list price $480,377.
February 2011 average list price $378,660.

February 2010 average sale price $442,559.
February 2011 average sale price $357,947.

February 2010 median sold price $386,255.
February 2011 median sold price $334,500.

February 2010 %sold/list 92.12%.
February 2011 %sold/list 94.52%.

Graph of Albemarle County home sales

1/1/2020 - 2/28/2010 homes sold - 67.
1/1/2011 - 2/28/2011 homes sold - 73.

graph of Albemarle sales and inventory

The above figures are from the mls and while they are assumed to be correct, they are not guaranteed.

 

 

1 comment • Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms • March 02 2011 10:35PM

What Price Homes Are Selling In Albemarle County VA?

What price homes are selling in Albemarle County Virginia?

The graph below shows home sales in Albemarle County for the current year to date.  As you can see 78% of the homes that have sold this year sold for under $500,000.  In addition the largest number of sales were in the $200,000 - $399,999 price range.

This is a graph that I created for some clients to illustrate what is happening in our local real estate market.  If you have a specific County or even a neighborhood that you would like to see a report of, let me know.

graph of Albemarle County sales prices

 As you would imagine it is very important to make sure that your Albemarle County home is well priced to sell in todays market.  We still have a lot of inventory on the market and it is the aggressively priced homes that have the best chance of selling.

 

 

2 comments • Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms • November 16 2010 07:44PM

Albemarle County VA Real Estate Market Report - June 2010

This Albemarle County real estate market report focuses on the sale of single family detached homes during June 2010.

June 2009 average list price $483,289.
June 2010 average list price $470,092.

June 2009 average sale price $455,580.
June 2010 average sale price $451,744.

June 2009 median sold price $375,000.
June 2010 median sold price $372,000.

June 2009 %list/sold 94.26%.
June 2010 %list/sold 96.09%.

Last year from 1/1/2009=6/30/2009, 260 homes sold on the Albemarle County real estate market.  During the same time frame 352 homes sold.  this represents an increase of 30.85%.

graph of Albemarle Home Sales

As you can see May and June saw the largest number of contracts closing that we have had this year.  We can attribute this to the First Time Homebuyers tax credit.  Most of the Realtors that I have spoken to have experienced a slowdown in showings of their listings after the end of April.  We will see how the real estate recovery proceeds without the $8000 tax credit to drive sales.

The above figures are from the mls and while they are presumed correct, they are not guaranteed.

 

 

 

0 comments • Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms • July 01 2010 11:17PM