This Albemarle County VA real estate market report will focus on the sales of single family detached homes in Albemarle County Virginia during the month of May 2009.
During May 2009, 67 Albemarle County homes sold. The average sale price was $428,169. The homes were on the market for an average of 136 days and sold for an average of 93.71% of the list price.
For comparison we will look at the figures from April 2009. 38 Albemarle homes had contracts that closed in April. The average sale price was $599,980. The homes were on the market for an average of 118 days and sold for an average of 89.75% of the list price.
To go back a little further, in March 2009, 37 homes sold in Albemarle County VA. The average sale price was $576,340. The average DOM was 142 and the homes sold for an average of 96.56% of the list price.
To get the best picture of what is happening in the local real estate market we should also compare the home sales for the year to date with those from the same period during 2008. Last year from 1/1/2008-6/1/2008, 258 Albemarle County VA homes sold. In the same time frame this year 196 homes sold in the Albemarle County real estate market. This represents a decline of -24.0% in sales so far this year.
There are currently 703 Albemarle County VA homes for sale. The homes are listed for an average price of $911,629 with a median of $449,900. The homes have been on the market for an average of 153 days so far.
We are seeing an increase in activity in the Albemarle County spring real estate market. However we need to see a considerable reduction in inventory before we get back to a balanced market.
Figures are from the mls and while they are deemed correct are not guaranteed.
Charlottesville VA Real Estate Market Report - May 2009
Charlottesville VA Real Estate Markte Report Condominiums - May 2009
Charlottesville VA Real Estate Market Report Attached Homes - May 2009
Fluvanna County VA Real Estate Market Report - May 2009
Louisa County VA Real Estate Market Report - May 2009
Greene County VA Real Estate Market Report - May 2009
Lake Monticello Real Estate Market Report - May 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, 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, "Albemarle County VA Real Estate Market Report - May 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, 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.
