Before I start my usual market reports this month, I thought I would share some sales and inventory statistics with you so that we can look at the overall trends in the Charlottesville VA and Albemarle County real estate market.
Sales and Inventory History
Friday, July 03, 2009
Category - Residential / PropType: Detached / Area: 01, 05
| Month |
Year |
Monthly Sales |
Avg ListPrice |
Avg Sale Price |
% Diff Sell/list |
Avg DOM |
Curr Inventory |
Months Inventory |
| January |
2006 |
86 |
$470,044 |
$457,490 |
97.33% |
82.0 |
546 |
6.35 |
| February |
2006 |
93 |
$483,421 |
$474,033 |
98.06% |
76.0 |
641 |
6.89 |
| March |
2006 |
113 |
$424,964 |
$423,674 |
99.70% |
81.0 |
747 |
6.61 |
| April |
2006 |
114 |
$439,065 |
$431,954 |
98.38% |
78.0 |
855 |
7.50 |
| May |
2006 |
155 |
$431,015 |
$426,985 |
99.06% |
59.0 |
955 |
6.16 |
| June |
2006 |
205 |
$463,570 |
$454,685 |
98.08% |
55.0 |
978 |
4.77 |
| July |
2006 |
155 |
$438,783 |
$431,068 |
98.24% |
67.0 |
954 |
6.15 |
| August |
2006 |
144 |
$515,571 |
$496,912 |
96.38% |
77.0 |
935 |
6.49 |
| September |
2006 |
78 |
$527,744 |
$513,346 |
97.27% |
78.0 |
980 |
12.56 |
| October |
2006 |
83 |
$484,038 |
$463,625 |
95.78% |
88.0 |
930 |
11.20 |
| November |
2006 |
103 |
$631,620 |
$598,559 |
94.77% |
104.0 |
861 |
8.36 |
| December |
2006 |
72 |
$553,946 |
$529,611 |
95.61% |
100.0 |
796 |
11.06 |
| |
| Total |
|
1401 |
$488,648 |
$475,162 |
97.24% |
78.8 |
848 |
7.83 |
| |
| January |
2007 |
57 |
$468,250 |
$448,318 |
95.74% |
102.0 |
760 |
13.33 |
| February |
2007 |
59 |
$403,778 |
$395,346 |
97.91% |
110.0 |
783 |
13.27 |
| March |
2007 |
95 |
$431,987 |
$416,971 |
96.52% |
103.0 |
878 |
9.24 |
| April |
2007 |
112 |
$463,986 |
$449,955 |
96.98% |
101.0 |
980 |
8.75 |
| May |
2007 |
159 |
$464,782 |
$451,769 |
97.20% |
80.0 |
1027 |
6.46 |
| June |
2007 |
196 |
$464,162 |
$451,827 |
97.34% |
68.0 |
1022 |
5.21 |
| July |
2007 |
144 |
$455,017 |
$439,179 |
96.52% |
72.0 |
998 |
6.93 |
| August |
2007 |
133 |
$550,351 |
$531,777 |
96.63% |
97.0 |
975 |
7.33 |
| September |
2007 |
71 |
$452,118 |
$435,097 |
96.24% |
105.0 |
991 |
13.96 |
| October |
2007 |
78 |
$540,264 |
$512,898 |
94.93% |
100.0 |
974 |
12.49 |
| November |
2007 |
71 |
$413,044 |
$395,137 |
95.66% |
95.0 |
940 |
13.24 |
| December |
2007 |
77 |
$493,501 |
$472,664 |
95.78% |
123.0 |
876 |
11.38 |
| |
| Total |
|
1252 |
$466,770 |
$450,078 |
96.42% |
96.3 |
934 |
9.92 |
| |
| January |
2008 |
60 |
$487,611 |
$464,255 |
95.21% |
118.0 |
840 |
14.00 |
| February |
2008 |
60 |
$530,688 |
$501,568 |
94.51% |
132.0 |
881 |
14.68 |
| March |
2008 |
73 |
$389,507 |
$371,417 |
95.36% |
129.0 |
951 |
13.03 |
| April |
2008 |
88 |
$440,946 |
$417,420 |
94.66% |
123.0 |
1028 |
11.68 |
| May |
2008 |
120 |
$441,232 |
$417,155 |
94.54% |
110.0 |
1024 |
8.53 |
| June |
2008 |
140 |
$424,786 |
$405,606 |
95.48% |
95.0 |
1011 |
7.22 |
| July |
2008 |
139 |
$496,461 |
$469,054 |
94.48% |
113.0 |
982 |
7.06 |
| August |
2008 |
101 |
$428,019 |
$412,333 |
96.34% |
104.0 |
966 |
9.56 |
| September |
2008 |
74 |
$448,799 |
$429,235 |
95.64% |
116.0 |
962 |
13.00 |
| October |
2008 |
59 |
$583,915 |
$532,563 |
91.21% |
109.0 |
968 |
16.41 |
| November |
2008 |
43 |
$620,926 |
$572,598 |
92.22% |
107.0 |
929 |
21.60 |
| December |
2008 |
57 |
$572,835 |
$537,012 |
93.75% |
130.0 |
860 |
15.09 |
| |
| Total |
|
1014 |
$488,810 |
$460,851 |
94.28% |
115.5 |
950 |
12.75 |
| |
| January |
2009 |
29 |
$418,159 |
$399,138 |
95.45% |
122.0 |
801 |
27.62 |
| February |
2009 |
47 |
$471,386 |
$437,171 |
92.74% |
135.0 |
806 |
17.15 |
| March |
2009 |
54 |
$496,089 |
$474,906 |
95.73% |
150.0 |
882 |
16.33 |
| April |
2009 |
58 |
$528,756 |
$477,917 |
90.39% |
129.0 |
973 |
16.78 |
| May |
2009 |
93 |
$441,291 |
$414,423 |
93.91% |
127.0 |
1031 |
11.09 |
| June |
2009 |
95 |
$405,237 |
$383,979 |
94.75% |
87.0 |
1035 |
10.89 |
| |
| Total |
|
376 |
$460,153 |
$431,256 |
93.72% |
125.0 |
921 |
16.67 |
| |
| Total |
2006-2009 |
4043 |
$476,095 |
$454,337 |
95.43% |
104.0 |
913 |
12.00 |
Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month.The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales".This reflects how many months it would take to sell out of inventory at the current months rate of sale.
There is a lot of information in this report. We can see that the average list and average sale prices are down from last year. In addition the homes are selling for a lower percentage of the list price. Not surprisingly days on market has gone up. For this year so far overall the graph tells us that there is 16.67 months of inventory on the market. However if you look at the figures for May and June even though there are more homes on the market the number of sales is way up. We haven't seen that many sales since August of 2008. In addition even though there are more homes on the market there is only 10.8 months of inventory on the market in the Month of June. Hopefully this is the start of a trend and we will see a steady rise over the rest of the year, although as you can see the peak selling months in the Charlottesville real estate market are April - August.
Figures are from the mls and while they are presumed correct they are not guaranteed.
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, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville VA Real Estate Market Sales And Inventory History".
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