Charlottesville Real Estate Talk

Albemarle County VA Real Estate Market Report - October 2011

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

October 2010 average list price $744,446.
October 2011 average list price $422,777.

October 2010 average sale price $718,213.
October 2011 average sale price $403,453.

October 2010 median sold price $364,250.
October 2011 median sold price $331,049.

October 2010 average coninuous days on market 160 days.
October 2011 average continuous days on market 135 days.

October 2010 %sold/list 96.47%.
October 2011 %sold/list 95.42%.

1/1/2010 - 11/1/2010, 599 homes sold on the Albemarle County real estate market.
1/1/2011 - 11/1/2011, 624 homes Albemarle County homes sold.

If you look at these numbers you can see that we don't have anything to get overly excited about.  Overall sales are stable as compared with last year and are even up slightly.  Median sold price is down as we would expect, and days on market has come down a bit.  However we are still a low way from a balanced market.  The Albemarle County real estate market is still very much a buyers market.  With the low prices, high inventory offfering lots of choices and historically low interest rates, if you are in the position to buy, now is a great time.

Lets see how Albemarle County home sales compare with the rest of Central Virginia.

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.

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

Albemarle County VA Real Estate Market Report - August 2011

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

August 2010 average list price $456,808.
August 2011 average list price $471,141.

August 2010 average sale price $434,627.
August 2011 average sale price $448,217.

August 2010 median sold price $338,500.
August 2011 median sold price $366,250.

August 2010 %sold/list 95.14%.
August 2011 %sold/list 95.13%.

1/1/2010 - 8/31/2010, 503 Albemarle County homes sold.
1/1/2011 - 8/31/2011, 514 homes sold on the Albemarle County real estate market.

As you can see their has not been a great deal of change in the volume of Albemarle County home sales when you compare this year with 2010.  However there are a couple of bright points in this report.  We are happy to see the increase in median sold price as compared with August of 2010.  Also sales in August of this year are up over last August.  And finally I am glad to see August home sales have increased over July's low point.  We still have too much active inventory on the Albemarle County real estate market.  Home sales are closely tied to the overall economy and like many other businesses we need to see a return of consumer confidence so that purchasers can take advantage of the low interest rates and great home prices.

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

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.

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

This Albemarle County VA real estate market report focuses on the sale of detached homes during October 2010.

October 2009 average list price $554,497.
October 2010 average list price $809,338.

October 2009 average sold price $482,949.
October 2010 average sold price $780,759.

October 2009 median sale price $352,500.
October 2010 median sale price $392,250.

October 2009 %sold/list 87.09%.
October 2010 %sold/list 96.46%.

From 1/1/2009 - 10/31/2009, 540 homes sold on the Albemarle VA real estate market.  During the same time frame in 2010, 590 Albemarle homes sold.

The October numbers are very interesting and to be frank at this point I am not sure if they are an aberation or a trend.  It will be interesting to see where the next few months figures are going.

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