Charlottesville Real Estate Talk

Charlottesville VA Real Estate Market Report - July 2011

This Charlottesville VA real estate market report will examine the sales of single family detached homes in the city of Charlottesville.

July 2010 average list price $348,831.
July 2011 average list price $382,857.

July 2010 average sale price $323,393.
July 2011 average sale price $357,442.

July 2010 median sold price $310,100.
July 2011 median sold price $260,000.

July 2010 %sold/list 92.70%.
July 2011 %sold/list 93.36%.

July 2010 average continuous days on market 200.
July 2011 average continuous days on market 147.

1/1/2010 - 7/31/2010, 167 Charlottesville homes sold.
1/1/2011 - 7/31/2011, 154 homes sold on the Charlottesville real estate market.

As you can see from the graphs of the Charlottesville real estate market, we had a little uptick in sales during June, but otherwise sales have remained flat.  We are happy to see the lower days on market numbers.  Properly priced homes are selling.  We can see from the much lower median sale price that buyers are more comfortable purchasing homes in this lower price range.  We can also see that sales are lagging behind spring and summer of 2010, but we should remember that those sales were largely driven by the tax credit which expired at the end of June 2010.  Sales could very well end up even with 2010 as they are spread more evenly throughout the year.

View the Charlottesville Homes For Sale.

The above figures are from the mls and while they are presumed 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 "Charlottesville VA Real Estate Market Report".

Charlottesville VA Real Estate Market Report Attached Homes - April 2011

This Charlottesville VA real estate market report focuses on the sales of townhouses and attached homes in the city of Charlottesville and surrounding Albemarle County.

April 2010 average list price $243,846.
April 2011 average list price $224,854.

April 2010 average sale price $243,991.
April 2011 average sale price $220,682.

April 2010 median sold price $221,307.
April 2011 median sold price $234,500.

April 2010 %sold/list 100.05%.
April 2011 %sold/list 99.68%.

1/1/2010 - 4/30/2010 Charlottesville townhouses sold - 68.
1/1/2010 - 4/30/2011 Charlottesville attached homes sold - 71.

Sales of attached homes on the Charlottesville real estate market have been all over the place the last few months.  March townhouse sales were up as we would expect at the start of the spring market.  What we would not expect was the drop in sales in April.  Spring is historically our strongest market and we would hope to see sales steadily increasing over the spring months.  Unfortunately so far that is not the case.  Hopefully May and June will see more positive sales figures.  The 40 pending sales in April should translate to better sales figures for May.

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

Copyright 2011 by Pam Dent all rights reserved "Charlottesville VA Real Estate Market Report Attached Homes - April 2011".

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This Charlottesville VA real estate market report examines the sale of single family detached homes in the city of Charlottesville during March 2011.

March 2010 average list price $334,484.
March 2011 average list price $287,330.

March 2010 average sale price $316,258.
March 2011 average sale price $275,111.

March 2010 median sold price $334,285.
March 2011 median sold price $292,450.

March 2010 %sold/list 94.55%.
March 2011 %sold/list 95.74%.

1/1/2010 - 3/31/2010 homes sold 17.
1/1/2011 - 3/31/2011 homes sold 13.

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

This Charlottesville VA real estate market report will look at the sales of attached homes and townhouses in the city of Charlottesville and surrounding Albemarle County during February 2011.

February 2010 average list price $216,137.
February 2011 average list price $264,234.

February 2010 average sale price $207,206.
February 2011 average sale price $257,633.

February 2010 median sold price $211,500.
February 2011 median sold price $252,433.

February 2010 %sold/list 95.86%.
February 2011 %sold/list 97.50%.

1/1/2010 - 2/28/2010 townhouses sold - 25.
1/1/2011 - 2/28/2011 townhouses sold - 30.

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

This Charlottesville VA real estate market report will examine the sale of single family detached homes in the city of Charlottesville duriing January 2011.

January 2010 average list price $281,215.
January 2011 average list price $295,300.

January 2010 average sale price $264,876.
January 2011 average sale price $277,445.

January 2010 median sold price $210,000.
January 2011 median sold price $260,000.

January 2010 %sold/list 94.19%.
January 2011 %sold/list 93.95%.

January 2010 homes sold - 13.
January 2011 homes sold - 11.

We see that sale prices are up in Charlottesville as compared with January of 2010.  However the median sold prices are down from November and December, so we will have to wait to see where this is trending.  I am not sure that we have a large enough number of sales to really be able to attach a lot of significence to the prices.  Home sales in the city of Charlottesville were down in 2010 compared with 2009; I hope that we will begin to see a turn in the right direction in February.

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

Albemarle County VA Real Estate Market Report - January 2011

This Charlottesville VA real estate market report examines the sales of single family detached homes in the city of Charlottesville during November 2010.

November 2009 average list price $344,841.
November 2010 average list price $619,576.

November 2009 average sale price $331,485.
November 2010 average sale price $558,721.

November 2009 median sold price $315,000.
November 2010 median sold price $260,000.

November 2009 %sold/list 96.12%.
November 2010 %sold/list 90.17%.

From 1/1/2009 - 11/31/2009, 279 homes sold on the Charlottesville VA real estate market.  During the same period this year 234 Charlottesville homes sold.

Sales for the year to date are up over 2009 in most areas of Central Virginia except for in the city of Charlottesville.  If we look at the above figures, I would pay more attention to the November 2010 median sold figures rather than the average sale figure. 

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

Albemarle County VA Real Estate Market Report - November 2010

Fluvanna County VA Real Estate Market Report - November 2010

Greene County VA Real Estate Market Report - November 2010

Louisa County VA Real Estate Market Report - November 2010

Charlottesville VA Real Estate Market Report Condominiums - November 2010

Charlottesville VA Real Estate Market Report Attached Homes - November 2010

This Charlottesville VA real estate market report focuses on the sale of attached homes in the city of Charlottesville and surrounding Albemarle County during October 2010.

October 2009 average list price $320,192.
October 2010 average list price $222,671.

October 2009 average sale price $307,328.
October 2010 average sale price $221,465.

October 2009 median sold price $240,325.
October 2010 median sold price $219,462.

October 2009 %sold/list 95.98%.
October 2010 %sold/list 99.45%.

From 1/1/2009 - 10/31/2009, 337 attached homes sold on the Charlottesville real estate market.  During the same period 266 Charlottesville attached homes sold.

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

This Charlottesville VA real estate market report will examine the sale of single family detached homesin the city of Charlottesville during July 2010.

July 2009 average list price $311,819.
July 2010 average list price $363,725.

July 2009 average sale price $296,651.
July 2010 average sale price $336,960.

July 2009 median sold price $270,000.
July 2010 median sold price $275,000.

July 2009 %sold/list is 95.13%.
July 2010 %sold/list is 92.64%.

From 1/1/2009 - 7/31/2009, 186 homes sold on the Charlottesville real estate market.  During the same period in 2010, 159 Charlottesville homes sold.

As you can see so far this year fewer homes have sold in the city of Charlottesville that sold last year. This is one of the few areas that has not seen an increase in sales.  Like the other areas we have seen a drop in sales during July.  This was not a surprise with the end of the First Time Homebuyers Tax Credit.

This Charlottesville VA real estate market report focuses on the sales of single family detached homes in Charlottesville Virginia during May 2010.

May 2009 average list price $413,731
May 2010 average list price $321,119

May 2009 average sale price $388,826
May 2010 average sale price $320,581

May 2009 median sold price $299,000
May 2010 median sold price $274,000

May 2009 %sold/list 93.98%
May 2010 %sold/list 94.95%

Last year from 1/1/2009-5/31/2009, 87 homes sold on the Charlottesville real estate market.  During the same time period in 2010 the same number of homes have sold. 

As we can see prices are down this year and sales have not picked up in the city.  All of the surrounding counties have seen an increase in sales activity over 2009.  We would hope to see a comparable increase in Charlottesville home sales over last year during the coming months.

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

This Charlottesville VA real estate market report will focus on the sale of single family detached homes in the city of Charlottesville during February 2010.

5 Charlottesville homes sold during February 2010.  They sold for an average price of $263,500 after spending an average of 87 days on the market.  The homes sold for an average of 96% of the list price.

 12 Charlottesville homes had contracts that closed in January 2010.  The homes had an average sale price of $271,200 and an average DOM of 88.  They sold for an average of 94% of the list price.

 13 homes sold in Charlottesville VA during December 2009.  They  sold for an average price of $279,538.  The homes were on the market for an average of 68 days and sold for an average of 92% of the list price.

Today 3/3/2010, there are 196 Charlottesville homes for sale.  The homes are listed for an average price of $$379,064 with a median of $$299,250.  They have been on the market for an average of 171 days so far.

Looking at the graphs the one thing that jumps out at me is the fact that so many more new homes are coming on the market than being sold.  This is good new for buyers as they continue to have a lot of inventory to choose from.  However is you are a seller, it means that there is a lot of competition and your home will need to be in the best condition as well as being priced competitively in order to be the one that sells.

So far this year 17 homes have sold on the Charlottesville real estate market.  During the same time frame in 2009 from 1/1/2009 - 2/28/2009, 24 Charlottesville homes sold.  This is a decline in sales of -29.16% this year to date.

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

Albemarle County VA Real Estate Market Report

Fluvanna County VA Real Estate Market Report