Charlottesville Real Estate Talk

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Charlottesville VA Real Estate Market Report - April 2011

Charlottesville VA Real Estate Market Report - April 2011

This Charlottesville market report focuses on the sales of single family detached homes in the city of Charlottesville during April 2011.

April 2010 average list price $303,414.
April 2011 average list price $262,446.

April 2010 average sale price $287,100.
April 2011 average sale price $247,900.

April 2010 median sold price $258,500.
April 2011 median sold price $250,000.

April 2010 %sold/list 94.62%.
April 2011 %sold/list 94.45%.

graph of Charlottesville April home sales

1/1/2010 - 4/30/2010 homes sold - 67.
1/1/2011 - 4/30/2011 homes sold - 55.

graph of Charlottesville April sales & inventory

As you can see from the graphs the sales in the Charlottesville real estate market are down compared with last year.  At the same time inventory continues to rise.  We currently have 235 Charlottesville homes actively listed for sale.  At the April sales rate this translates to 15.6 months of inventory on the market.  Prices continue to drop, interest rates remain low and buyers have a large selection to choose from.  We will have to see if we get some improvement during May and June.

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

Copyright 2011 by Pam Dent all rights reserved "Charlottesville VA Real Estate Market Report - April 2011".

 

 

 

Charlottesville VA Real Estate Market Report Attached Homes - July 2009

This Charlottesville VA Real Estate Market Report will examine the sales of attached homes in Charlottesville and Albemarle County during July 2009. 

44 Charlottesville-Albemarle County attached homes had contracts that closed during July.  The average sale price was $246,187.  The homes had been on the market for an average of 112 days and sold for an average of 97.92% of the list price.

59 attached homes in the Charlottesville real estate market sold during June 2009.  The average sale price was $239,302 after an average of 73 days on the market.  The homes sold for an average of 98.10% of the list price.

41 Charlottesville VA attached homes had contracts that closed during May.  They sold for an average of $248,284, with an average DOM of 89, and sold for an average of 99.60% of the list price.

From 1/1/2008-8/1/2008, 218 attached homes sold in Charlottesville and Albemarle county, however 223 Charlottesville VA attached homes sold during the same time frame this year.  This represents an increase in attached home sales of 2.3% for the year to date.

Today 8/17/2009 there are 193 Charlottesville VA attached homes for sale.  The average list price is $263,969, with a median of $239,900.  These homes have been on the market for an average of 161 days so far.

As you can see attached home sales remain the bright spot on the Charlottesville Virginia real estate market.  This is the only area in the Central Virginia that has seen an increase in sales for the year to date as compared with 2008.  At the same time we have seen an increase in sales during June and July in almost all sectors over the previous months this year, so we remain cautiously optomistic.

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

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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.

View all of the Charlottesville Virginia homes for sale.

View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate. 

 

Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville Real Estate Market Report Attached Homes - July 2009".