The following is the market report for sales of country homes in Albemarle County, Virginia for July 2008.  For our purposes a country home has 3-10acres.

In July in Albemarle County there were 11 country homes with a contingent contract.  The average list price was $592,323 and the median price was $660,000.  They averaged 113 days on the market.

2 homes had a pending contract.  The average list price and the median price was $315,950.  The average days on market was 158.

In July 2008 12 country homes sold in Albemarle County.  The average list price was $844,392 and the average sold price was $773,963.  The median price was $599,500 and the average days on market was 69.  The ratio of sold price to list price was 91.66%.

There are currently 133 active listings of country homes in Albemarle County with the average list price of $780,441 and a median price of $549,885.  They have been on the market for an average of 170 days.

To see what is happening in the market in June 2008 there were 11 sales of country homes which had been on the market for an average of 92 days.  They sold for an average of 97.25% of the list price.

Information obtained from CAAR MLS, and is deemed correct but not guaranteed.

Check back next month for the August market report to see what the trend is in the Albemarle County  real estate market.  If you would like to read market reports of the sales of detached homes, condos and townhomes in Charlottesville, Albemarle, Fluvanna and Louisa go to my other blog www.CharlottesvilleRealEstateTalk.com.

Click here to search all of the homes for sale in the Charlottesville and central Virginia real estate market.