This Albemarle County real estate market report will examine the sales of single family detached homes during February 2010.
34 Albemarle County homes sold during February 2010. The average sale price was $451,455. The homes had been on the market for an average of 165 days and sold for an average of 92% of the list price.
27 Albemarle County homes had contracts that closed in January 2010. The homes had an average price of $371,240 after an average of 165 days on the market. They sold for an average of 93% of the list price.
53 homes in Albemarle County VA sold during the month of December 2009. They had an averagle sale price of $711,108 and an average DOM of 126. The homes sold for an average of 94% of the list price.
Today, 3/2/2010, there are 546 Albemarle County homes for sale. They are listed for an average price of $972,335 and a median of $445,000. The homes have been on the market for an average of 165 days so far.
This year so far 58 homes have sold on the Albemarle County real estate market. During 2009 during January and February 54 Albemarle County homes sold. This is an increase in sales of 7.4% over the same time period last year.
Albemarle County home sales are typical of the winter real estate market. We would expect to see home sales down during January and February, and the record snowfalls have not helped. We can also see an increase in new listings coming on the market as we move nearer to the spring real estate market. At the sale time we very much need to see more of the inventory sold down.
Above figures are from the mls and while they are presumed accurate they are not guaranteed.
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I love your market reports. Nice use of the graphs!