This Charlottesville VA market report focuses on the sales of condominiums in Charlottesivlle VA and Albemarle County during February 2010.
7 Charlottesvlle condos sold during February 2010. The average sale price was $199,357 with an average DOM of 186. They sold for an average of 93% of the list price.
8 Charlottesville condominiums sold during the month of January. The homes sold for an average of $234,100 after being on the market for an average of 162 days. They sold for an average of 79% of the list price.
10 Charlottesville Virginia condos had contracts that sold during December 2009. They sold for an average of $212,940. The condos were on the market for an average of 115 days and sold for an average of 96% of the list price.
Today 3/7/2010, there are 190 Charlottesville condominiums for sale. They are listed for an average price of $233,368 with a medium of $144,000. The homes have been on the market for an average of 201 days so far.
This year from 1/1//2010 - 2/28/2010, 15 Charlottesville condos sold. Last year during the same time frame 10 Charlottesville condominiums sold.
In February 2009, 5 Charlottesville condos sold.
In February 2010, 7 Charlottesville condos sold.
In February 2009 the average list price was $171,260.
In February 2010 the average list price was $213,557.
In February 2009, the average sale price was $152,581.
In February 2010, the average sale price was $199,357.
In February 2009, the average days on market was 168.
In February 2010, the average days on market was 186.
In February 2009, there were 229 condos listed on the Charlottesville real estate market.
In February 2010, there were 213 condos listed on the Charlottesville real estate market.
Due to the mortgage regulations it remains difficult to obtain financing on units in many condo projects. We are also seeing a few local condo projects with several foreclosures on the market. As a result of the financing regulations many of those condos are being bought up by investors with cash.
The above figures are courtesy of the mls and while they are presumed to be correct are not guaranteed.
Albemarle County VA Real Estate Market Report
Charlottesville VA Real Estate Market Report
Fluvanna County VA Real Estate Market Report
Louisa County Real Estate Market Report
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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Pam Both units sold and average sales price up over the same period in 2009 - that's the kind of trend we need
There are statistics and statistics. The "average sales price up trend" can mean many things. In this market I have to believe that the interpretation of this statistic is that much more expensive properties sold, probably at a discount from the year prior, since we all know the condo market is in the sewer unlike the single detached housing which is in the toilet.