This Fluvanna County VA real estate market report examines the sales of single family detached homes in Fluvanna County Virginia during May 2010.
May 2009 average list price $288,566
May 2010 average llist price $241,627
May 2009 average sale price $273,404
May 2010 average sale price $239,851
May 2009 median sold price $235,000
May 2010 median sold price $219,857
May 2009 %sold/list 94.74%
May 2010 %sold/list 99.26%
In 2009 from 1/1/2009-5/31/2009, 90 Fluvanna County homes sold. During the same time period in 2010, 100 homes sold on the Fluvanna County real estate market. This is an 11% increase in sales for this year so far.
As we would expect we see a rise in pending home sales in April as a result of the expiring First Time Homebuyers Tax Credit. With the tax credit no longer in effect, there were not as many homes pending in May. It remains to be seen how much the first time homebuyers have been driving the improvement in the real estate market that we have seen over the first half of 2010. The other thing that is apparent is the drop in home prices or at least the price of homes that are selling. Hopefully the lower home prices and the extraordinarily low interest rates that we are seeing plus the large selection of homes for sale will continue to be seen by buyers as a good reason to purchase a home.
The above figures are from the mls and while they are deemed correct, are not guaranteed.