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".
