If you are interested in buying or selling a farm in the Charlottesville, Virginia area it is important that you are up to date on what is happening in the local real estate market. There are often many opportunities to hear about what the activity is in the Charlottesville, Virginia residential market, but what is happening with farms for sale?
In the month of June in the total Charlottesville Area Association of Realtors market area one new farm came on the market. It is priced at $1,250,000.
There were not any farms with pending or contingent contracts.
Two farms sold with an average list price of $8,225,000 and an average sold price of $6,300,000. The average days on market was 252. They sold at an average of 76% of list price.
There are currently 22 farms actively on the market in the entire Charlottesville area as of today July 4, 2008. The average list price is $2,873,927 and the median sales price is $1,645,000. The average days on market is 187.
At the June rate of sales there is about an 11 month inventory of farms on the market in the Charlottesville, Virginia area.