The sale of attached homes and townhouses is the bright spot in the Charlottesville VA real estate market.  This attached homes real estate market report focuses on the sale of townhouses in Charlottesville and Albemarle County during August 2009.

38 Charlottesville townhomes sold in August.  The average sale price was $228,472 after being listed for an average of $229,103.  The homes sold for an average of 99.72% of the list price after spending an average of 130 days on the market.

In July 2009, 55 attached homes sold in Charlottesville and Albemarle for an average sale price of $246,140 with an average list price of $248,919.  They were on the market for an average of 94 days and sold for 98.88% of the list price.

During June 60 townhouses sold for an average sale price of $238,480 and had been listed for an average of $243,193.  Their average DOM was 73, and they sold for an average of 98.06% of the list price.

Today, September 9, 2009 there are 187 Charlottesville VA attached homes for sale.  They are listed at an average price of $257,301 with a median of $239,000 and have been on the market for an average of 176 days so far.

Looking at the big picture of the Charlottesville VA real estate market for attached homes, we see that from 1/1/2008-9/1/2009, 243 attached homes sold on the Charlottesville-Albemarle real estate market.  However this year in the same time period 27  5 Charlottesville townhouses have sold.  This is an increase in sales of 13.2%.

The Charlottesville VA attached homes market is the only sector of the Central Virginia real estate market that has seen an increase in home sales in 2009 as compared with 2008.  There are several reasons for the strong sales of townhouses.  One of the biggest driving factors is affordability.  Many of the townhome projects are in the price range that appeals to first time homebuyers.  In addition with the difficulty of obtaining financing to buy a condo, we are probably seeing buyers who might have been tempted in the past by the condo offerings joining the ranks of townhouse buyers.  Many of the new attached home projects offer upgrades that detached homes cannot offer at a comparable price.  Finally attached homes are frequently being built in convenient close-in locations.  Whatever the reason, it is refreshing to see at least one sector of the real estate market strongly picking up.

The above figures are from the mls and while they are deemed correct 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.  Email Pam Dent.

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Copyright © 2009 by Pam Dent, all rights reserved, "The Bright Spot In The Charlottesville VA Real Estate Market - Attached Homes Market Report - August 2009".