The following is the July 2008 market report for farm sales in the Louisa, Fluvanna and Albemarle County real estate markets.
In July of 2008 in Fluvanna County there were not any farms contingent, pending or sold. At this time there are currently 3 active farm listings priced at an average price of $538,300 and a median price of $525,000 with an average days on market of 150.
There were not any farms contingent, pending or sold in Louisa County in July as well. At this time there are 2 farm listings that are actively on the market with an average list price of $1,839,000 and an average days on market of 347.
In Albemarle County in the month of July there were not any farms contingent or pending but one farm sold. The farm was listed at $13,900,000 and sold for $14,600,000 after 39 days on the market.
Currently there are 23 farms actively listed in Albemarle County with an average list price of $2,662,413 and a median of $1,495,000. They have been on the market for an average of 197 days.
In June 2 farms sold in Albemarle for an average list price of $8,225,000 and an average sold price of $6,300,000. They had been on the market for an average of 252 days and they sold for an average of 76.60% of the sale price.
This information was obtained from the CAAR MLS and is considered accurate but not guaranteed.
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Pam Dent
Real Estate III
434 960-0161
Jump into Greener Pastures
Charlottesville Real Estate Talk
Licensed to sell real estate in Virginia
Pam Dent