Charlottesville Real Estate Talk

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Louisa County VA Real Estate Market Report - April 2011

Louisa County VA Real Estate Market Report - April 2011

This Louisa County VA real estate market report focuses on the sales of single family detached homes in Louisa County during the month of April 2011.

April 2010 average list price $220,209.
April 2011 average list price $164,429.

April 2010 average sale price $211,844.
April 2011 average sale price $160,672.

April 2010 median sold price $206,500.
April 2011 median sold price $142,270.

April 2010 %sold/list 96.2%
April 2011 %sold/list 97.71%.

graph of Louisa County home sales

1/1/2010 - 4/30/2010 Louisa County homes sold - 48.
1/1/2011 - 4/30/2011 Louisa homes sold - 43.

graph of Louisa County home sales & inventory

As we can see Louisa County home prices have fallen considerably this year.  We also see that first quarter sales of Louisa County homes are down as compared with the previous year.  However we should bear in mind that the First Time Homebuyer Tax Credit was driving sales duing this time period in 2010 and then sales slowed for the remainder of the year.  As we get farther into this year we may see sales numbers begin to even out.  No matter what, it is fair to say that home sales on the Louisa County real estate market remain flat overall even though we saw a slight upturn in April.

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

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