Charlottesville Real Estate Talk

his Lake Monticello Real Estate Market Report will focus on the sales of single family homes at The Lake during April 2009.

The Lake Monticello golf course community is a gated community in Fluvanna County Virginia with a 350 acre lake at its center.  The neighborhood is within an easy commute of Charlottesville Virginia.

During April 2009, 17 Lake Monticello homes sold for an average sale price of $208,744.  The homes were on the market for an average of 106 days and sold for an average of 95.85% of the list price.

In April 2009, we also saw 17 Lake Monticello homes sell.  The average sale price was $215,806, with an average DOM of 111.  The homes sold for an average of 96.27% of the list price.

There are currently 151 Lake Monticello homes for sale.  They are listed for an average price of $276,904 with a median of $239,900 and have been on the market for an aberage of 131 days so far.

If we look at the sales figures for the first part of last year from 1/1/2008-5/1/2008 and compare them with the same time frame in 2009, we will see that 53 Lake Monticello homes sold in the beginning of 2008 but only 40 homes sold during the same time in 2009.  This represents a -24.5% drop in sales so far this year.

These figures are from the mls and while they are deemed 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

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 - April 2009."

First published on Charlottesville Real Estate Talk.

The largest of the Charlottesville golf communities is Lake Monticello.  This gated community is lake a little city with several thousand homes.  Lake Monticello is located in Fluvanna County about a 20 minute drive from Charlottesville Virginia.

The Lake Monticello golf course is a semi private 18 hole par 72 course that was designed for all skill  levels of players.  To accomodate the various levels there are championship, mens, seniors and ladies tees.  According to the LMOA website "the fairways are open, but there are out of bounds, woods and/or water on every hole."  Group or individual lessons are available.

A 350 acre lake is at the heart of the Lake Monticello neighborhood.  The lake is perfect for boating, fishing and water skiing.  There are also 5 beaches for swimming.

The Lake Monticello clubhouse is ideal for meetings and events.  There is also dining at the club.  In addition both the pool and the proshop include snack bars.

Other sports amenities are a basketball court, playgrounds, horseshoe courts and a soccer of softball field.

The Lake Monticello golf community has 131 homes for sale as of today March 24, 2009.  These homes range in price from $129,900 to $998,900 and go from 912 sq ft to 5000 sq ft.  Of these 10 are Lake Monticello golf homes.  These homes with golf course views range from $184,500 to $429,900.  Also 9 Lake Monticello homes for sale are waterfront homes.  These are priced from $238900 to $998,900.

These Charlottesville golf homes offer a price range and a homestyle for everyone.  This is definately not a community of cookie cutter homes.  There is a wide range of architectural styles and also home sizes.

Although Lake Monticello is 20 minutes from Charlottesville Virginia, this does not mean that you have to drive that far to shop.  Just outside the gates to The Lake there are a variety of shops including a grocery store, pharmacy, hardware store, fitness center, garden center and several restaurants among others.

If you are searching for a home in a Charlottesville golf community, Lake Monticello may offer the perfect home for sale.

Charlottesville Golf Communities - Glenmore

Charlottesville Golf Communities - Farmington

Charlottesville Golf Communities - Spring Creek

Charlottesville Golf Communities - Old Trail

Charlottesville Golf Communities - Keswick Estates

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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

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 Golf Communities - Lake Monticello".

First published on Charlottesville Real Estate Talk.

Charlottesville VA first time homebuyers should consider a Lake Monticello home.  Many first time homebuyers have gotten frustrated searching for an affordable home in Charlottesville VA and Albemarle County.  However if they are willing to just go a little farther out into Fluvanna County they can often find more home for the money and also a larger selection of homes in their price range.

Lake Monticello, which is located in Fluvanna County, has a large selection of well priced homes for a Charlottesville VA first time homebuyer to choose from.  There are currently 84 Lake Monticello homes for sale listed at under $250,000.  In addition 42 of those homes are for sale for between $129,000 and $200,000.

At Lake Monticello in addition to a wide range of prices a Charlottesville first time homebuyer will be able to enjoy all of the amenities of living at the lake.  Lake Monticello is a gated community located in the heart of Fluvanna County, but still an easy commute to Charlottesville VA.  This neighborhood is built around a 350 acre lake which is perfect for boating and sswimming.  The community also offers a golf course, pool, clubhouse with dining, tennis and a playground.  There is no other place in the Charlottesville VA area where a first time homebuyer can purchase an affordable home in a community that offers so many extras.

If you are a Charlottesville VA first time homebuyer this is the perfect time to jump into the real estate market.  Lake Monticello offers a large selection of affordable homes for sale, interest rates are still at all time lows, and you can take advantage of the first time homebuyer tax credit. 

Charlottesville VA first time homebuyers plus a Lake Monticello home - what a perfect combination!

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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

  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 homes, events and real estate. 

 Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville VA First Time Homebuyers Consider Lake Monticello".

As I drove out to my listing at Lake Monticello at 5 Patriot Lane, I was struck by how pretty the Lake was even in the winter.

Lake Monticello is a large gated community in Fluvanna County.  At the heart of this neighborhood is a 350 acre lake suitable for boating and swimming.  The community also includes a clubhouse with dining, golf, tennis, pool and playground.  Today even though it was cold many people were out walking and biking.

The homes at Lake Monticello are offered in a wide price range.  Currently listed homes start at $137,500 and go up to $998,900.  With 137 homes on the market at this time, there is truly something to please every taste and pocketbook.

An example of an affordable home is 5 Patriot Lane.  This 3 bedroom 3 bath home has with 1960 finished square feet and 728 sq. ft. for you to finish, is listed at $220,000 offering a lot of space for the money.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at  434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

  To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

 Visit my website  Jump into Greener Pastures or read my other blog Charlottesville Horse Farms and Country Homes.

Have you always dreamed of having a waterfront home, but you can't afford to have two residences?  You might want to consider buying a home at Lake Monticello in Fluvanna County, Virginia.  Lake Monticello is a 350 acre lake that is perfect for boating and water sports.  In addition the community has a golf course, clubhouse with dining, tennis, playground.  The Lake is about 20 minutes outside of Charlottesville, Virginia, but that doesn't mean that you have to go that far to shop.  Just outside of the Lake there are several shopping centers which contain, among other shops, a grocery store, pharmacy, hardware store, gym, several restaurants, flower shop, nursery and garden center, jewelery store, pizza.  Homes at Lake Monticello are available in a variety of price ranges and styles.  At the moment there are 149 homes actively listed for sale, ranging in price from $147,108-$998,900, with a median of $235,000.  Of these homes 9 are waterfronts.  The waterfront homes that are currently listed range in price from $239,900-$998,900 with a median of $429,400.  You will also find a variety of home styles from ranch, to traditional colonial to contemporary.

With the large inventory of homes to choose from there is something for everyone.  Take a tour of Lake Monticello and see how you could enjoy the Lake lifestyle.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at  434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

  To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

 Visit my website  Jump into Greener Pastures or read my blogs Charlottesville Real Estate Talk and Charlottesville Horse Farms and Country Homes

Open House Sunday December 7, 1:00 - 4:00pm

5 Patriot Lane, Lake Monticello, Palmyra, VA   $220,000

Don't miss the chance to tour this spacious home at Lake Monticello.  This 3 bedroom, 3 full bath home,  offers so much room for the money!  1,960 finished square feet and another 728 for you to finish.  The home has a bright open floor plan with a split bedroom design.  The large family room sports a gas fireplace and wet bar.  You will also enjoy the fully fenced back yard.

Directions from the main gate:  right on Jefferson, left on Possom, right on Patriot, home on the left.  Bring the ad from the Daily Progress to get in the gate.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at  434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

  To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

 Visit my website  Jump into Greener Pastures or read my blogs Charlottesville Real Estate Talk and Charlottesville Horse Farms and Country Homes.

The last area that we will consider in our market reports this month is the sale of detached homes in Lake Monticello.  The Lake is a gated community centered areound a 350 acre lake located in the heart of Fluvanna County just outside of Albemarle County and Charlottesville Virginia.

In October of 2008, 6 homes had contracts pending in Lake Monticello.  The average list price was $251,267 and the median was $234,000.  They had been on the market for an average of 88 days. 

There were not any homes with contracts pending in the month of October.

18 Lake Monticello homes had contracts that closed in October of 2008.  They sold for an average price of $263,275 and had been listed for an average price of $273,128.  The median was $236,325, with an average days on market of 89.  The homes sold for an average of 96.39% of the list price.

As of November 1, 2008, 170 homes are actively listed on the market in Lake Monticello.  The average list price is $263,100, with a median of $239,000 and they have been on the market for an average of 145 days.

Compare the above figures with those from September.  In September of 2008 13 Lake Monticello homes had contingent contracts.  They were listed for an average price of $261,638 and a median of $249,000.  They were on the market for an average of 108 days.

7 homes had contracts pending.  Their average list price was $260,243 and the median was $255,000 with an average of 140 days on the market.

In September of 2008, 14 homes sold at Lake Monticello.  The average sales price was $252,814 and they had been listed for an average price of $263,627, with a median of $211,750.  The homes were on the market for an average of 99 days and sold for an average of 95.90% of the list price.

Lets also look at the figures of homes that sold in October last year.  In October 2008, 20 Lake Monticello homes sold for an average sales price of $274,063.  The homes had been listed for an average price of $282,525 and the median was $243,750.  They were on the market for an average of 67 days and sold for an average of 97% of the list price.

This year to date in the period ranging from January 1, 2008 - October 31, 2008, 176 homes sold in Lake Monticello.  In 2007, to date 245 homes sold.  This is a decline in Lake Monticello home sales of -28% for the year to date.

As you can see from these figures, fewer homes are selling, they are staying on the market longer and they are selling for less.  Therefore if you do need to sell in the current market it is necessary to price your home very agressively, and have it in perfect condition.  Also it is important for you to hire a Realtor who has a strong internet persence to capture the 85% of buyers who are starting their home search on line.

On the other hand if you are buying a home in the Central Virginia realestate market, you have a wonderful opportunity to find the perfect home at a great price.  Inventory is high, offering many choices, interest rates are low and many sellers are ready to negotiate.

The above figures are courtesy of the mls and while they are deemed accurate, they are not guaranteed.

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ontact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

Visit my other blog Charlottesville Horse Farms and Country Homes for more information on Lake Monticello, Charlottesville area homes and the Central Virginia real estate market.

If you are looking for a spooky activity to celebrate Halloween and want to contribute to a worthy charity the same time, don't miss the Haunting at Pleasant Grove.  The newly reVAMPED trail walk will be held on Halloween night from dark-midnight.  This event will benefit The Children's Miracle Network.  Admission is $6 or $5 with a studen ID.  It is not recommended for children under 12.  Concellisons will be available.

Pleasant Grove is located in Fluvanna County on route 53 between Palmyra and Lake Monticello.

Come join in the fun and have a scary good time.!

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Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

For more information on Fluvanna County and Charlottesville, Virginia and local real estate visit my other blog at Charlottesville Horse Farms and Country Homes.

Price reduced to $220,000!

5 Patriot Lane, Lake Monticello, Palmyra, Virginia

3 Bedrooms, 3 Baths, 1960 fin sq ft./780 unfinished, 0.34 ac., built in 1999

 You will be amazed at the space offered by this Lake Monticello home with a bright, open floor plan.  The main floor has a split bedroom design with a master and attached bath and two additional bedrooms and bath.  The main floor also includes the kitchen, living room and dining room.  You will enjoy the terrace level with a huge recreation room with wet bar and gas fireplace, full bath and an additional large area for you to finish or use as storage.  There is a fully fenced, private backyard.

The Lake Monticello community is built around a 350 acre lake which is perfect for boating, swimming and fishing.  The community offers the additional amenities of a clubhouse and dining room, golf course, pool, tennis and playground.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

Visit my website Jump into Greener Pastures or read my blogs Charlottesville Real Estate Talk and Charlottesville Horse Farms and Country Homes.

This post will prestent an overview of last month's real estate activity in Lake Monticello.  The beginning of the month is the perfect time to consider what is happening in the Lake Monticello real estate market.

In September 2008, 13 Lake Monticello homes had contingent contracts.  The average list price was $261,638 and the median was $249,000.  The homes were on the market for an average of 108 days.

2 homes had pending contracts with an average list price of $222,400.  They were on the market for an average of 183 days.

In September of 2008, 13 Lake Monticello homes sold.  The average sales price was $235,338 and they had been listed for an average price of $243,452.  The median was $206,000 and they were on the market for an average of 102 days.  The homes sold for an average of 96.67% of the list price.

For comparison lets look at the home sales from August.  In August 2008 18 homes sold in Lake Monticello.  The average sales price was $239,722, with an average list price of $252,400 and a median of $223,750.  The homes sold for an average of 94.98% of the list price and were on the market for an average of 104 days.

There are currently 170 homes actively listed on the Lake Monticello real estate market.  The average list price is $268,690 and the median is $239,900.  They have been on the market for an average of 135 days.

Lets also look at the figures from last year.  In September 2007, 14 Lake Monticello homes sold for an average sales price of $235,854.  The average list price was $242,021 and the median was $219,828.  The homes had been on the market for an average of 80 days and sold for an average of 97.45% of the list price.

Figures are from the mls and while deemed accurate are not guaranteed.

What can we deduce from these figures?  Number one, just as in the rest of the Central Virginia area, there is a lot of inventory on the market.    This translates into a wide range of choices for buyers.  If you are a seller it is important to make sure that your home is in perfect condition to ensure that your home will "out shine" all of the other homes in the same price range.   Buyers are looking for a deal in this market and the homes that are selling are priced agressively.  Also on average homes are staying on the market longer than they were at this time a year ago.  Many properties that have been on the market for a long time may have had significant price reductions.  There are opportunities right now to find the perfect home at a great price.
If you are selling a home it is crucial in this market to make sure that your home is priced properly.  I would be happy to do a cma on your home and discuss with you what your home could bring in today's market.  Also since 85% of all buyers are starting their home search on line it is important to choose an agent who has a strong internet presence.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at    434 960-0161   , pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

Visit my website Jump into Greener Pastures or read my blogs Charlottesville Real Estate Talk and Charlottesville Horse Farms and Country Homes.