This post will focus on the Louisa County real estate market report for March 2009. We will examine the sales of single family detatched homes in Louisa County Virginia.
During March 2009, 11 Louisa County homes sold. The average sale price was $229,086. The homes had been listed for an average of $234,736 and the median was $223,000. The homes were on the market for an average of 29 days and sold for an average of 97.59% of the list price.
Lets compare this with the home sales in Louisa County during February 2009. 6 Louisa County homes sold for an average price of $290,881. They had been listed for an average price of $289,603, with a median of $237,913, and an average DOM of 53. The homes sold for an average of 100.44% of the list price.
Today April 16, 2009 there are 240 Louisa County homes for sale. They are listed for an average price of $307,183 and the median is $239,900. The homes have been on the market for an average of 176 days so far.
The last group of figures that we will look at in our analysis of the Louisa County real estate market is the comparison of year to date sales from 2008 to 2009. In the period from 1/1/2008-4/16/2008, 54 Louisa county homes sold. During the same period this year, there were only 23 homes sold in Louisa. This represents a decline in sales of -57.4%.
Numbers are courtesy of the CAAR mls and while they are presumed accurate 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
Charlottesville Virginia Real Estate Market Report Condominiums - 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, "Louisa County 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.
I am seeing the same type of sales here. Sales tend to be at the lower level in pricing. Very interesting.
Pam as usual another great analysis of what is happening in your neck of the woods in Real Estate!
Great post Pam. Maybe I should have you make a presentation and explanation of the market report at our next meeting.
Jim - I'm not sure if that is because the majority of the people buying right now are 1st time homebuyers and that is who is able to buy right now or because that is where many of the foreclosures are and people are looking for a deal. Probably a little of both.
Thanks Bill. I'm having fun making the graphs.
Dave - Thank you. I would be happy to present at a meeting. Can't do the May meeting - I have to be on the radio that morning.