This Albemarle County VA real estate market report will focus on the sales of Albemarle County farms for the year 2010. For the purpose of this blog a farm will be considered a property with at least 10 acres.
2009 average list price $2,017,431.
2010 average list price $1,456,000.
2009 average sale price $1,728,710.
2010 average sale price $1,341,308.
2009 median sold price $1,100,000.
2010 median sold price $870,000.
2009 %sold/llist 85.68%.
2010 %sold/list 86.47%.
2009 farm sales – 38.
2010 farm sales – 39.
As you can see from the above figures Albemarle County farm sales have remained flat but the price that buyers are willing to pay has dropped considerably.
The above figures are from the mls and while they are presumed to be correct they are not guaranteed.