This Fluvanna County VA Real Estate Market Report - August 2009 will focus on the sale of single family detached homes in Fluvanna County during the month of August.
25 Fluvanna County homes sold during August for an average sale price of $229,304. The homes had been listed for an average of $234,550 and sold after being on the market for an average of 107 days. They sold for an average of 97.76% of the list price.
In the month of July 21 Fluvanna homes had contracts that closed. The average sale price was $271,224, with an average list price of $285,845 and an average DOM of 147. The homes sold for an average of 94.88% of the list price.
26 homes sold on the Fluvanna County real estate market during June for an average of $203,003. They had been listed for an average of $204,919 and were on the market an average of 150 days. They sold for an average of 99.06% of the list price.
Today September 6, 2009 there are 280 Fluvanna County VA homes for sale. These homes are listed for an average of $303,759 with a median of $200,750. They have been on the market for an average of 154 days so far.
To get an overall picture of what is happening in the Fluvanna Real Estate Market we should also look at the year to date stats as compared with last year. Between 1/1/2008 - 9/1/2008, 225 homes sold in Fluvanna County VA; however during the same time frame this year only 160 Fluvanna County homes were sold. This represents a decline in sales of -28.9%.
As you can see sales activity in Fluvanna continues to be flat. At the current rate of sales there is 12.4 months of inventory on the Fluvanna County real estate market. We have a ways to go before we reach a balanced market which is considered to be a 6 months inventory. Hopefully we will see a strong September as first time homebuyers do not have much time left in which to take advantage of the $8,000 Tax Credit which expires on November 30. It is important to remember that the contract on a home must close by the Nov. 30 date. In order to allow enough time for closing it is necessary to have the home under contract by the end of September. It is currently taking about 45-60 days to get a contract through to closing.
Figures are from the mls and while they are presumed correct are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, 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.
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Copyright © 2009 by Pam Dent, all rights reserved, "Fluvanna County VA Real Estate Market Report - August 2009".