Charlottesville Real Estate Talk

Charlottesville VA Real Estate Market Report Condominiums - May 2011

This Charlottesville real estate market report will focus on the sales of condominiums in the city of Charlottesville and the surrounding county of Albemarle.

May 2010 average list price $165,520.
May 2011 average list price $180,928.

May 2010 average sale price $166,664.
May 2011 average sale price $172,185.

May 2010 median sold price $153,000.
May 2011 median sold price $160,000.

May 2010 %sold/list 100.69%.
May 2011 %sold/list 97.07%.

1/1/2010 - 5/31/2010, 71 Charlottesville condos sold.
1/1/2011 - 5/31/2011, 60 condominiums sold on the Charlottesville real estate market.

The good news is that prices are up from last year, but the bad news is that the sales of condominiums on the Charlottesville Virginia real estate market are down when compared with last year.  We still have quite a few nonwarrantable condo projects.  It is pretty impossible to get financing to purchase a condo in one of these neighborhoods.  It takes a cash buyer to purchase one of these homes.

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

Copyright 2011 by Pam Dent, all rights reserved "Charlottesville VA Real Estate Market Report Condominiums - May 2011".

Charlottesville VA Real Estate Market Report - Albemarle County Land - April 2011.

This Charlottesville VA real estate market report focuses on the sales of unimproved land and lots in Albemarle County during April 2011.

April 2010 average list price $960,299.
April 2011 average list price $257,000.

April 2010 average sale price $676,500.
April 2011 average sale price $250,000.

April 2010 median sold price $105,000.
April 2011 median sold price $250,000.

1/1/2010 - 4/30/2010 Albemarle land sales 29.
1/1/2011 - 4/30/2011 Albemarle land sales 19.

There is a huge inventory of Albemarle County raw land listed on the Charlottesville VA real estate market.  You can see from the graph that land sales are extrememly slow.  The slow down in new construction has impacted the sales of land.  Many builders are not building spec houses and very few new subdivisions are being started.  If your dream is to build a new home exactly how you would like it, now may be the time to get a great price on a lot or parcel of land.

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 - Albemarle County Land - April 2011".

This Charlottesville VA real estate market report will look at the sale of attached homes and townhouses during March 2011.

March 2010 average list price $232,038.
March 2011 average list price $213,728.

March 2010 average sale price $225,761.
March 2011 average sale price $206,821.

March 2010 median sold price $200,000.
March 2011 median sold price $211,603.

March 2010 %sold/list 97.29%.
March 2011 %sold/list 96.76%.

1/1/2010 - 3/31/2010 townhouses and attached homes sold - 46.
1/1/2011 - 3/31/2011 townhouses and attached homes sold - 56.

We can see that sales for the first quarter this year are up from last year as is the median price of the homes sold during March.  The downside is the fact that there is still way too much inventory on the market; as a matter of fact at the current rate of sales there is over two years of inventory for sale.  This translates to opportunity for anyone who wants to purchase a Charlottesville townhouse or attached home.

The above figures are from the mls and while they are presumed to be 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 during February 2011.

February 2010 average list price $267,400.
February 2011 average list price $277,040.

February 2010 average sale price $254,111.
February 2011 average sale price $258,900.

February 2010 median sold price $257,500.
February 2010 median sold price $160,000.

February 2010 %sold/list 95.03%.
February 2011 %sold/list 93.45%.

1/1/2010 - 2/28/2010 homes sold - 9.
1/1/2011 - 2/28/2011 homes sold - 5.

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

This Charlottesville VA real estate market report will examine the sales of attached homes and townhouses in the city of Charlottesville and the surrounding Albemarle County during December 2010.

December 2009 average list price $244,262.
December 2010 average list price $223,441.

December 2009 average sale price $240,887.
December 2010 average sale price $225,449.

December 2009 median sold price $238,630.
December 2010 median sold price $239,000.

December 2009 %sold/list 98.61%.
December 2010 %sold/list 100.89%.

During 2009, 406 attached homes sold on the Charlottesville real estate market.  During 2010, only 304 Charlottessville townhouses sold.  As you can see the sales of attached homes declined from 2009.  Many of the townhomes that did sell have been new construction, which explains the over 100% sold/list ratio.

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

Albemarle County VA Real Estate Market Report - December 2010

Charlottesville VA Real Estate Market Report - December 2010 

Fluvanna County VA Real Estate Market Report - December 2010

Greene County VA Real Estate Market Report - December 2010

Louisa County VA Real Estate Market Report - December 2010

Charlottesville VA Real Estate Market Report Condominiums - Decembeer 2010

This Charlottesville Virginia real estate market report will examine the sales of single family detached homes in the city of Charlottesville over the year of 2010.

2009 average list price $326,995.
2010 average list price $352,484.

2009 average sale price $311,021.
2010 average sale price $331,133.

2009 median sold price $263,950.
2010 median sold price $270,000.

2009 %sold/list 95.11%.
2010 %sold/list 93.94%.

2009 average days on market - 100.
2010 average days on market - 110.

2009 year end inventory - 213 homes.
2010 year end inventory - 223 homes.

2009 Charlottesville homes sold - 292.
2010 Charlottesville homes sold - 253.

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 - 2010 Yearend

Fluvanna County VA Real Estate Market Report - 2010 Yearend

Greene County VA Real Estate Market Report - 2010 Yearend

Louisa County VA Real Estate Market Report - 2010 Yearend

Charlottesville VA Real Estate Market Report Condominiums - 2010 Yearend

Charlottesville VA Real Estate Market Report Attached Homes - 2010 Yearend

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

December 2009 average list price $302,769.
December 2010 average list price $458,847.

December 2009 average sale price $279,538.
December 2010 average sale price $398,164.

December 2009 median sold price $280,000.
December 2010 median sold price $310,000.

December 2009 %sold/list 92.32%.
December 2010 %sold/list 86.77%.

During 2009, 292 homes sold on the Charlottesville Virginia real estate market and during 2010 only 253 Charlottesville homes sold.  The city sales figures for 2010 are the opposite of the rest of the Central Virginia areas.  The total number of sales are down from 2009, but the prices of the homes that have sold are up.

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

Albemarle County VA Real Estate Market Report - December 2010

Fluvanna County VA Real Estate Market Report - December 2010

Greene County VA Real Estate Market Report - December 2010

Louisa County VA Real Estate Market Report - December 2010

Charlottesville VA Real Estate Market Report Condominiums - Decembeer 2010

Charlottesville VA Real Estate Market Report Attached Homes - December 2010

Glenmore is one of the premier Charlottesville golf communities.

Glenmore is a gated community of beautiful homes set among rolling hills.  At the heart of the neighborhood is the excellent golf course.  There is a variety of home styles, sizes and prices.

Currently there are 42 Glenmore homes for sale ranging in price from $439,000 to $2,750,000.

There are not any Glenmore homes under contingent contract at this time.

Today 3 homes in Glenmore have contracts pending, priced from $689,900 - $799,000.

So far for the year to date 16 Glenmore homes had contracts that closed.  The homes ranged in sale price from $465,000 - $1,210,000.

Search Glenmore homes for sale

This Charlottesville VA real estate market report examines the sales of condominiums in Charlottesville Virginia and Albemarle County during May 2010.

May 2009 average list price $164,866.
May 2010 average list price $152,862.

May 2009 average sale price $148,177.
May 2010 average sale price $153,893.

May 2009 median sold price $130,000.
May 2010 median sold price $153,000.

May 2009 %sold/list 89.87%.
May 2010 %sold/list 100.67%.

Last year from 1/1/2009-5/31/2009, 36 condos sold on the Charlottesville-Albemarle real estate market.  This year during the same time period 63 condominiiums sold.  this is an increas in sales of 75%. 

The increase in condo sales can largely be attributed to investors with cash jumping into the local condo market and buying up the foreclosures that have come on the market.  As a result of the tightening of the financing regulations on condos it has been hard for many buyers to obtain financing for a condominium purchase.  If you are looking for a condominium to purchase, you will want to ask your Realtor to check on which condo projects are FHA approved.

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