This Greene County VA real estate market report will focus on the sales of detached single family homes during April 2009.
Greene County is located just north of Albemarle County which surrounds Charlottesville Virginia. Many people live in Greene County because of its easy commuting distance to Charlottesville. This is particularly convenient if their job location is along the 20 north corridor such as NGIC.
In April 2009, 12 Greene County VA homes sold. The average sale price was $259,617. The homes were on the market for an average of 144 days and sold for an average of 98.19% of the list price.
In March 2009, there were also 12 Greene County homes with contracts that closed. They sold for an average of $267,783. The average DOM was 87 days and the homes sold for an average of 95.58% of the list price.
As you can see, March and April 2009 had the same number of contracts that closed. To see the latest trends in the Greene County real estate market it is necessary to look at the contingent and pending figures. The graph shows that the number of homes that went under contract in Greene County increased in the month of April. In addition, if you look at graph of sales by median price, you will see that in April buyers were more comfortable buying in a lower price point than they were earlier in the year.
Today, May 16, 2009 there are 197 Greene County VA homes for sale at an average list price of $334,388. The median price is $261,000 and the homes have been on the market for an average of 140 days.
To see the total picture of the Greene County VA real estate market we should compare the sales figures for the year to date with last years year to date figures. In 2008 during the time frame from 1/1/2008-5/1/2008, 56 Greene County homes sold; however in the same time frame this year only 32 homes sold in Greene County VA. This represents a decline of -42.9% in home sales so far this year.
These figures are from the mls and while they are deemed accurate are not guaranteed.
Albemarle County Real Estate Market Report - April 2009
Charlottesville Virginia Real Estate Market Report - April 2009
Charlottesville VA Real Estate Market Report Condos - April 2009
Charlottesville VA Real Estate Market Report Attached Homes - April 2009
Fluvanna County Real Estate Market Report - April 2009
Louisa VA Real Estate Market Report - April 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.
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Copyright © 2009 by Pam Dent, all rights reserved, "Greene County VA Real Estate Market Report - April 2009".
First published on Charlottesville Real Estate Talk.
Yikes a 43% decline in home sales is pretty significant. Hope things start to get better soon.
Thanks Bill. May has been seeing more activity in our area. We'll see how the next set of market reports looks.