This Albemarle County VA real estate market report focuses on the sale of single family detached homes in Albemarle County during August 2010.
August 2009 average list price $511,929.
August 2010 average list price $412,169.
August 2009 average sale price $476,397.
August 2010 average sale price $396,737.
August 2009 median sold price $356,647.
August 2010 median sold price $332,630.
August 2009 %sold/list 93.05%.
August 2010 %sold/list 96.25%.
From 1/1/2009 - 8/31/2009, 450 homes sold on the Albemarle County real estate market. During the same time period in 2010, 489 Albemarle County homes sold.
It is very apparent that the first time home buyers tax credit strongly encouraged buyers to put homes under contract in the spring, hence the large amount of June closings. As a result many buyers who might have waited until summer to buy, purchased in the spring. Therefore although we see an increase in sales for the year to date over 2009, we see a big slow down in July and August. Normally we experience a strong fall real estate market. Hopefully we will see a pick up in activity this year as well although nationally we seem to be seeing a lack of consumer confidence in the economy as a whole.
The above figures are from the mls and while they are presumed to be correct are not guaranteed.
Charlottesville VA Real Estate Market Report - August 2010
Fluvanna County VA Real Estate Market Report - August 2010
Greene County VA Real Estate Market Report - August 2010
