As you know all real estate is local; therefore if you are interested in buying or selling in a particular area it is important to stay informed as to what is happening in the local real estate market. Listed below is a summary of the real estate activity in the City of Charlottesville for the month of June, 2008.
There were 60 homes sold in June ranging in price from $130,000-$925,000. They were on the market an average of 104 days.
This is down from the total of 133 homes sold in May, one of the prime spring sales months.
There were 91 contingent homes in the same period ranging from $109,000-$864,000.
76 homes had contracts pending ranging from $95,000-$775,000.
Also there were 343 active listings on the market priced from $85,000-$2,895,000.
In the entire area there are 1057 active listings at this time with an average days on market of 150 days.
Pam Dent, e-Pro, SRES
Real Estate III
Charlottesville, VA
434 960-0161
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