Charlottesville Farms Real Estate Market Report – 2011
This post will examine the sales of Charlottesville farms over the past year. For the purpose of this report we will consider properties over 15 acres.
2010 average list price $1,887,107.
2011 average list price $1,439,348.
2010 average sale price $1,663,847.
2011 average sale price $1,286,576.
2010 median sold price $1,112,500.
2011 median sold price $750,000.
2010 average continuous days on market 361.
2011 average continuous days on market 243.
2010 %sold/list 88.16%.
2011 %sold/list 89.38%.
2010 months inventory 47.07.
2011 months inventory 32.52.
In 2010, 26 Charlottesville farms sold.
In 2011, 38 Charlottesville farms sold.
There is a lot to like in these numbers. Obviously we still have way too many months inventory, but we are trending in the right direction. One of the other figures to compare is the difference in the median sold price between the two days. This could tell us that prices are down which we know is the case across the board in real estate, but it may be more of an indicator of the price range that is selling. Purchasers are looking for value right now and buyers of Charlottesville farms are no exception.
Copyright 2011 by Pam Dent all rights reserved “Charlottesville Farms Real Estate Market Report – 2011“.