This Lake Monticello real estate market report will focus on the sales of single family detached homes in Lake Monticello during june 2009.
13 Lake Monticello homes sold during June 2009. The average sale price was $204,646. The homes had been on the market for an average of 137 days and sold for an average of 97.48% of the list price.
In May 10 homes sold at the Lake. The average sale price was $245,750, with an average DOM of 102. They sold for an average of 94.85% of the list price.
18 Lake Monticello homes had contracts that closed during April. The average sale price was $208,336. The homes were on the market for an average of 116 days and sold for an average of 96.10% of the list price.
Lets compare the sales for the year to date in 2008 with the sales from the same period this year. From 1/1/2008-7/1/2008, 104 homes sold at Lake Monticello; however during the same time frame in 2009 only 65 Lake Monticello homes sold. This represents a decline in sales of -37.5%.
Today 7/21/2009 there are 143 Lake Monticello homes for sale. They are listed for an average price of $270,679 and have been on the market for an average of 134 days so far. The inventory needs to be bought down quite a bit before we will see anything near a return to a balanced Lake Monticello real estate market. Since there are only a couple more months for first time home buyers to be able to take advantage of the tax credit, hopefully we will see some strong sales of the lower priced homes throughout the summer.
The above 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.
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, "Lake Monticello Real Estate Market Report - June 2009".
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.
