Albemarle County VA Horse Farms – Real Estate Market Report July 2010

This Albemarle County Va real estate market report will look at the sales of farms of 10 acres and up during the month of July 2010.

July 2009 average list price $4,881,666.
July 2010 average list price $1,184,975.

July 2009 average sale price $3,866,666.
July 2010 average sale price $1,057,750.

July 2009 median sold price $3,200,000.
July 2010 median sold price $1,237,500.

July 2009 %sold/list 79.20%.
July 2010 %sold/list 89.26%.

July 2009 months inventory at the current rate of sales 44.66 months.
July 2010 months inventory at the current rate of sales 33.50 months.

From 1/1/2009, 21 farms sold on the Albemarle County real estate market.  During the same time frame in 2010, 26 Albemarle farms sold.  Currently there are 134 properties of 10 acres and up actively listed for sale on the Albemarle County market.  This is not the portion of our market that has been selling.  However, I have begun to get inquiries about horse properties again, but more of those are for mini farms or the lower priced offerings.

Information is from the mls and while it is presumed to be correct it is not guaranteed.