This post will focus on what happened in the Greene County Virginia real estate market in August 2008. Greene County lies north of Charlottesville, Virginia along route 29. Greene County homes are a popular choice for people relocating and planning to work at NGIC, GE Fanoc or in Charlottesville itself.
In August 2008, 13 Greene County homes were under contingent contract. The average list price was $270,792 and the median was $249,900. The average days on market was 107.
3 homes were under pending contracts with an average list price of $225,633 and a median of $249,000, averaging 189 days on market.
In August 2008, 5 Greene County homes sold. The average sold price was $266,500, the average list price was $279,720 and the median was $279,999. They were on the market for an average of 185 days and sold for an average of 95.27% of the list price.
There are currently 204 homes actively listed in the Greene County real estate market. they are listed for an average price of $423,544 and a median of $299,000. They have been on the market for an average of 148 days.
In July 2008, 16 Greene County homes sold. The average sale price was $268,150, with an average list price of $281,138 and a median price of $273,750. They were on the market of an average of 161 days and sold for an average of 95.38% of the list price.
Compare these numbers with the Greene County home sales in August of 2007. At that time 22 homes sold in Greene County Virginia. They sold for an average price of $301,868, and had been listed for an average price of $313,764. The median was $299,950, the average days on market was 80 and they sold for an average of 96.21% of the list price.
If you look at these figures, you can see that the Greene County real estate market is softer than it was in 2007. Fewer homes are selling and they are selling for less money. The homes are also selling for a lower percentage of the list price.
What does this mean for the consumer? If you are thinking about buying in Greene County, the timing couldn't be better. There is a lot of inventory which translates into a lot of choices. Interest rates are low and many homes have been on the market for a long time so sellers may be ready to deal. I would be happy to help you with your home search and talk with you about how we can find you the best home at the best price.
If you need to sell at this time, it is important to make sure that your home is the one that buyers will want over all of the others listed in the same price range. Competitively priced homes are still selling. Therefore it is important to price your home correctly from the beginning. I would be happy to perform a free CMA to give you an idea of what your home might bring in todays Fluvanna County real estate market. Location, condition and marketing are other important factors that infulence home sales. I would be happy to talk with you about a strategy to make sure that your home will be the one that sells.
Search the all of the Greene County homes curently for sale.
Information obtained from the CAAR mls and while deemed correct is not guaranteed.
Pam Dent, e-Pro, SRES, NHD
Real Estate III
Charlottesville, VA
434 960-0161
Charlottesville Homes
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