This Louisa VA real estate market report will focus on the sale of single family detached homes during April 2009.

8 Louisa County homes sold in April 2009.  The average sale price was $180,325.  The homes had been on the market for an average of 161 days and sold for an average of 94.90% of the list price.

Lets compare this with the sales of homes in Louisa VA during the month of March.  During March 2009, 11 Louisa homes sold for an average price of $229,086.  The average DOM was 29 and the homes sold for an average of 97.59% of the list price.

There are currently 215 Louisa VA homes for sale listed in the mls.  The average list price is $317,274 and the median is $245,000.  The homes have been on the market for an average of 184 days so far.

To complete our study of the Louisa County real estate market lets examine the year to date sales as compared with the same period last year.  In 2008 during the time frame from 1/1/2008-5/1/2008, 62 Louisa County homes sold; during the same period this year only 26 homes sold in the Louisa VA real estate market.  This represents a drop in sales of -58.1% so far this year.

Looking at these figures and graphs we can see both good new and bad news.  The good new is that we saw an increase in activity in the Louisa County real estate market during April as evidenced by the total increase in pending and contingent contracts in April.  However, if you look at the graph of sales by median price, you will see that the price point where buyers are comfortable buying in has gone down.  This is good for sellers who either have a lower priced home to sell or are in the position to be negotiable.  As you can also see there is still a lot of inventory on the market and it will have to sell down quite a bit before we are back to a stable market.  Hopefully the increase in activity is just the start and will continue over the spring and summer.

These figures are from the mls and while they are presumed accurate are not guaranteed.

Albemarle County Real Estate Market Report - April 2009

Charlottesville Virginia Real Estate Market Report - April 2009

Charlottesville VA Real Estate Market Report Condos - April 2009

Charlottesville VA Real Estate Market Report Attached Homes - April 2009

Fluvanna County Real Estate Market Report - April 2009

Greene County VA Real Estate Market Report - April 2009

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 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.

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Copyright © 2009 by Pam Dent, all rights reserved, "Louisa VA Real Estate Market Report - April 2009".

First published on Charlottesville Real Estate Talk.