This Albemarle County Real Estate Market Report will focus on the sales of single family detached homes during July of 2009.
90 Albemarle County homes sold during July. The average sale price was $519,792. The homes had been listed at an average price of $575,253 and were on the market for an average of 123 days. They sold for an average of 90.36% of the list price.
Lets compare with June when 66 Albemarle homes had contracts that closed. The average slae price was $458,922 with an average list price of $485,915 and an average DOM of 97. The homes sold for an average of 94.44% of the list price.
In May, 2009, 70 homes sold in Albemarle County. The average sale price was $423,798 and the median was $451,393. They were on the market for an average of 133 days and sold for an average of 993.89% of the list price.
We will also compare the year to date sales for 2008 with those for 2009. From 1/1/2008-7/1/2008, 442 Albemarle County homes sold; however during the same time frame this year only 349 homes sold in Albemarle. This translates to a -21% decline in salesin the Albemarle County VA real estate market. Even though this still sounds like a lot we are moving in the right direction. In June when we looked at the year to date sales figures we were -29% behind the 2008 sales, but the strong July sales figures have decreased the deficit to 21%.
Today, 8/3/2009 there are 649 Albemarle County VA homes for sale. The average list price is $938,918 with a median of $450,000. The homes have been on the market for an average of 163 days so far.
The above figures are from the mls and while they are presumed correct they 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, "Albemarle County VA Real Estate Market Report - July 2009."
