In the Charlottesville, Virginia area we still have a buyer's market. The number of homes sold in July of 2008 is down in comparison with the number of homes sold in July of 2007. The following is the market report of the sales of detached homes in July for Albemarle County.
In July of 2008 64 homes were under contingent contract for an average list price of $433,469, a median price of $391,700 and an average days on market of 116.
There were 16 homes pending at an average price of $451,513, a median price of $489,500 and 11 days on the market.
77 homes sold in July for an average sales price of $521,194, and a median price of $438,000 after an average of 134 days on the market. These homes sold for an average of 93.75% of the list price.
At this time there are 708 detached homes actively on the Albemarle County, Virginia real estate market. The average list price is $983,820, with a median price of 498,750 and they have been on the market an average of 160 days.
In July of 2007 we saw 60 homes go under contingent contract with an average list price of $542,466 and a median price of $471,700. The average days on market was 107.
There were 42 homes pending at an average list price of $609,414, a median price of $482,475 and an average days on market of 109.
99 homes sold for an average list price of $513,445, a median price of $399,900, and an average days of market of 84. The sale price is an average of 96.07 of the list price.
Sales are continuing to be slow, and inventory is high providing buyers with a lot of choices. It is a great time to buy.
Information from CAAR MLS, deemed correct but not guaranteed.
If you would like to search all of the homes for sale in the Charlottesville area click here.
Please contact me if you have questions about the Charlottesville, Virginia real estate market. If you are buying or selling let me put my local knowledge and attention to detail to work for you.
Pam Dent, e-PRO, SRES
Real Estate III
Charlottesville, Virginia
434 960-0161
Jump into Greener Pastures
Charlottesville Horse Farms and Country Homes
