Charlottesville Real Estate Talk

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Louisa County VA Real Estate Market Report - January 2011

This Louisa County VA Real Estate Market Report focuses on the sale of single family detached homes during January 2011.

January 2010 average list price $257,220.
January 2011 average list price $136,088.

January 2010 average sale price $282,105.
January 2011 average sale price $131,811.

January 2010 median sold price $285,554.
January 2011 median sold price $94,000.

January 2010 %sold/list 109.67%.
January 2011 %sold/list 96.85%.

graph of Louisa County home sales January

January 2010 homes sold - 4.
January 2011 homes sold - 9.

Louisa sale and inventory graphs

As you can see from the above graph Louisa County sales have stayed stable throughout the fall and into January.  Unfortunately they have been lower than during the fall of 2010.  It is also apparent that the prices of the homes that are selling is down considerably from a year ago.  It is not fair to assume from those figures that home values have fallen that much.  Rather the majority of the homes that sold in Louisa County in January were foreclosures which sold at a discounted price.

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

 

 

1 comment • Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms • February 05 2011 07:20PM

Louisa County VA Real Estate Market Report - February 2010

graph of Louisa County home salesThis Louisa County VA real estate market report looks at the sales of single family detached homes during February 2010.

8 Louisa County homes sold in February 2010.  The homes sold for an average price of $255,967.  They were on the market for an average of 120 days and sold for an average of 100% of the list price.

3 homes sold in Louisa County VA during January.   The average sale price was $291,474 with an average DOM of 214 days.  The homes sold for 114% of the list price.

16 Louisa County homes had contracts that closed in December of 2009.  They sold for an average of $262,015 after being on the market for an average of 197 days.  They sold for an average of 98% of the list price.

 

Today 3/6/2010 there are 167 Louisa County homes for sale.  They are listed for an average price of $444,299 with a median of $225,000.  The homes have been on the market for 182 days so far.

From 1/1/2010 - 2/28/2010, 10 homes sold on the Louisa County real estate market.  During the sale time period in 2009 7 homes sold in Louisa County.

In February 2009, 6 Louisa County homes sold.
In February 2010, 8 Louisa County homes sold.

In February 2009 the average list price was $289,602
In February 2010 the average list price was $256,411.

In February 2009, the average sale price was $290,880.
In February 2010, the average sale price was $255,967.

In February 2009 there were 270 homes listed for sale on the Louisa County real estate market.
In February 2010 there were 177 homes listed for sale on the Louisa County real estate market.

Home sales in Louisa County Virginia are slowly picking up.  At the same time the prices of the homes that are on the market have dropped.  Inventory is down as compared with 2009, but we still need to see it drop a lot more before Louisa County sees a balanced market.

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

 

 

 

 

0 comments • Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms • March 06 2010 08:57PM