We finally have some good news about the Charlottesville Virginia real estate market.
You have probably been hearing this year about how the national real estate market is improving. However it has really been May this year before I started feeling it in the Charlottesville-Albemarle area.
Below you will find a graph of the year to date sales data for single family detached homes in Charlottesville VA and Albemarle County.
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory |
| January | 2009 | 29 | $418,159 | $399,138 | 95.45% | 122.0 | 800 | 27.59 |
| February | 2009 | 48 | $466,982 | $433,480 | 92.83% | 137.0 | 806 | 16.79 |
| March | 2009 | 53 | $482,902 | $466,885 | 96.68% | 150.0 | 882 | 16.64 |
| April | 2009 | 58 | $528,756 | $477,917 | 90.39% | 129.0 | 966 | 16.66 |
| May | 2009 | 95 | $441,121 | $414,267 | 93.91% | 125.0 | 1009 | 10.62 |
| June | 2009 | 113 | $412,161 | $391,464 | 94.98% | 97.0 | 964 | 8.53 |
| July | 2009 | 128 | $498,170 | $454,019 | 91.14% | 113.0 | 972 | 7.59 |
| Total | 524 | $464,036 | $433,881 | 93.50% | 124.7 | 914 | 15.29 | |
If you study the graph you will see that the months of inventory that we have on the market has decreased from 27 months worth of inventory in January to 7.5 months of inventory in July. The peak season in our local real estate market is traditionally the spring, but this year is different. As you can see we have had the highest number of monthly sales in August this year. The number of Charlottesville VA homes sold have been the highest in May, June and July this year. The sales have steadily improved during those months. Judging from the way that my phone has been ringing, I think we will continue to see improvement in the Charlottesville Virginia real estate market in August as well.
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.
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Copyright © 2009 by Pam Dent, all rights reserved, "Good News For The Charlottesville VA Real Estate Market".
