This Charlottesville Virginia Condominium Real Estate Market Report for March 2009 will examine the sales of condos in Charlottesville and Albemarle County.
During the month of March 2009, 3 Charlottesville VA. condos sold. The average sale price was $114,667 and the average list price was $123,000. The homes had been on the market for an average of 170 days and sold for 93.22% of the list price.
For comparison we will look at the Charlottesville real estate market condo sales for February 2009. 4 Condos sold for an average price of $134,476 with an average list price of $149,725 and an average DOM of 206. The condos sold for an average of 89.82% of the list price.
Today, April 8, 2009 there are 231 Charlottesville Virginia condominiums for sale listed in the local mls. The average list price is $250,271, with a median of $192,200 and they have been on the market for an average of 172 days so far.
If we examine the condo sales in Charlottesville VA for the year from 1/01/2008 - 4/2/2008 compared with the sales from the same period this year, we see that 39 condos sold in 2008. However only 12 Charlottesville condos sold in the same timeframe this year. This represents a decline of -69.2% in condo sales for the year to date.
These figures are courtesy of the local mls and while they are deemed to be correct are not guaranteed.
Charlottesville Virginia Real Estate Market Report - March 2009
Albemarle County Real Estate Market Report - March 2009
Fluvanna county Real Estate Market Report - March 2009
Louisa County Real Estate Market Report - March 2009
Central Virginia Real Estate Market Reports - February 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, 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 Virginia Condominium Real Estate Market Report - March 2009".
First published on Charlottesville Real Estate Talk.
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.
Pam, Obviously, the price decline has leveled off - excellent report - I'm going to start using graphs - I hope mine will be as good as yours. Karen
Pam I hope the market continues to improve in your area!
Your graphs Pam are great! Very professional posts!
Karen - The graphs are relatively easy. Your market reports are so complete; graphs will send them over the top.
Thanks Bill. I hope so too.
Judy - I have just started doing the graphs and ma pleased with them.
We are looking for a condominium, 2 bedrooms, 2 baths, if it is above the first level, the building must have elevators. We ae both retired, and would like to relocate in Charlottesville. Or between Charlottesville.
Hi Tony - Several possiblitlies in Charlottesville that might work for you come to mind right away. If you would like to share your contact information, I am happy to discuss with you the various condos in the area that might meet your needs. Thanks for stopping by my blog.