This Charlottesville VA real estate market report examines the sales of condominiums in the city of Charlottesville and the surrounding Albemarle County in January 2011.
January 2010 average list price $296,568.
January 2011 average list price $186,426.
January 2010 average sale price $234,100.
January 2011 average sale price $179,070.
January 2010 median sold price $155,250.
January 2011 median sold price $169,900.
January 2010 %sold/list 78.93%.
January 2011 %sold/list 96.96%.
January 2010 condos sold - 8.
January 2011 condos sold - 11.
The good news for the Charlottesville condominium market is that inventory is going down. The bad news is that it still has quite a ways to go. We still have over a year's worth of inventory. However we are trending in the right direction. Hopefully that will continue on into the year to come.
The above figures are from the mls and while they are presumed to be correct, they are not guaranteed.
