Albemarle County market report Archives

Albemarle County VA Real Estate Market Report – November 2011

This Albemarle County real estate market report will focus on the sale of single family detached homes. We will look at the November real estate activity and see how it compares with the activity over the past two years.

As we look at the total sales figures from this year so far compared with 2010 we will see that there is little difference. This years sales total is up very sllightly and prices are generally down. Month to month we have seen a volatile market that has gone up and down following the economic and political news. We still need to see a significant reduction in inventory so that we can reach a balanced market.

Charlottesville and Central Virginia January 2009 Market Reports

Anyone who either owns a home, is thinking of buying a home, or is thinking of selling a home is interested in what is going on in the local real estate market. This post will contain links to my collection of posts on the activity in the Charlottesville and Central Virginia area real estate market during January of 2009.

Albemarle County January 2009 Market Report

Charlottesville, Virginia January 2009 Market Report

Fluvanna County January 2009 Market Report

Louisa County January 2009 Market Report

Albemarle County Condos and Townhomes January 2009 Market Report

Charlottesville Condos and Townhomes January 2009 Market Report

Contact

Pam Dent

, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, [email protected], to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

Visit my website Jump into Greener Pastures or read my other blog Charlottesville Real Estate Talk for more information on Charlottesville homes, events and real estate.

Albemarle County Virginia Year End Market Report

The beginning of a new year is an appropriate time to assess what happened in the local real estate market over the past year. In this post we will compare the sales of single family detached homes in Albemarle County, Virginia during 2008 as a whole and compare those sales with the sales in 2007.

In 2007 in Albemarle County 866 homes sold for an average sale price of $494,924. The average list price was $514,964 and the homes sold for an average of 96.11% of the list price. In 2007 there was an average of 10.83 months of inventory on the market.

In 2008 in Albemarle County 657 homes sold. The average sale price was $522,491 and the average list price was $556,417. The homes sold for an average of 93.90% of the list price and the average DOM was 121.3. There was an average of 14.67 months of inventory on the market.

This represents a decline in sales of 24.14% from 2007. In addition you can see that homes are staying on the market longer and are also selling for a lower percentage of the list price. However, unlike what we would expect the average sale and list prices have gone up.

If you would like more information on the local real estate market and insite on how this might affect your home, either call or email me and I would be happy to speak with you.

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Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, [email protected], to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

Visit my website Jump into Greener Pastures or read my other blog Charlottesville Real Estate Talk

Central Virginia September 2008 Market Reports

The beginning of the month is the perfect time to reflect on what has been happening in the area real estate markets. Listed below are links to reports on the various Central Virginia real estate markets.

If you have any questions on the reports and what they may mean regarding your sale or purchase of a Central Virginia home, I would be happy to talk with you.

Albemarle Country September 2008 Market Report

Charlottesville, Virginia September 2008 Market Report

Fluvanna County, Virginia September 2008 Market Report

Louisa County, Virginia September 2008 Market Report

Lake Monticello September 2008 Market Report

Greene County, Virginia September 2008 Market Report

Charlottesville Area Condos September 2008 Market Report

Charlottesville-Albemarle Year To Date Market Report

Central Virginia Homes Year To Date Market Report

Albemarle County Horse Farms – August Market Report for Albemarle Farms

Its the beginning of a new month, and time to take a look at what the current trends are in the Albemarle County real estate market. In this report we will take a look at what happened regarding sales of farms in Albemarle County, Virginia. This report will track properties that were listed as farms in the CAAR mls.

In August of 2008 there were not any farms with contingent or pending contracts.

4 Albemarle County farms were sold in August of 2008. The average sold price was $5,587,250, with an average list price of $6,524,750 and a median of $7,250,000. The farms had been on the market for an average of 154 days and sold for an average of 85.63% of list price.

There are currently 23 farms actively listed on the Albemarle County real estate market. The average list price is $2,868,283 and the median is $2,200,00. They have been on the market for an average of 195 Days.

In July of 2008 1 Albemarle County farm sold. The sales price was $14,600,000 and the list price had been $13,900,000. It had been on the market for 39 days and sold for 105% of the list price.

In August of 2007 1 farm sold in Albemarle County for $1,350,000. It had been listed for $1,485,000, was on the market for 49 days and sold for 90.91% of the list price.

As you can see from these figures the market for farms in Albemarle County has been soft for the past year and this trend continues. If you are considering buying, this would be a very good time to find a great value for your money. There is alot to choose from, interest rates are low and many farms have been on the market for a long time. Give me a call and I would be happy to go over the inventory with you to help locate that perfect Central Virginia horse property.

If you are thinking about selling, I would hold off unless you absolutely have to sell now. If you do need to sell, it is important to price the property right in the beginning. Agressively priced farms are getting shown. I would be happy to do a free CMA to help determine what would be the best price for your property in today's market.

Search all of the Albemarle County Farms currently on the market.

Albemarle County VA Real Estate Market Report – November 2011

Albemarle County VA Real Estate Market Report – November 2011

Charlottesville and Central Virginia January 2009 Market Reports

Albemarle County Virginia Year End Market Report

Central Virginia September 2008 Market Reports

Albemarle County Horse Farms – August Market Report for Albemarle Farms

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Albemarle County VA Real Estate Market Report – November 2011

Areas of Expertise

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Contact Pam