This Louisa County VA real estate market report will examine the sales of single family detached homes during August 2009 in Louisa County Virginia.

17 homes sold in Louisa County during the month of August.  The average sale price was $272,530 with an average list price of $281,932.  The homes had been on the market for an average of 148 days and sold for an average of 96.67% of the list price.

In July 22 Louisa County homes sold with an average sale price of $244,667 and an average list price of $253,723 after being on the market for an average of 165 days.  They sold for an average of 96.43% of the list price.

In June 17 Louisa County homes had contracts that closed.  The average sale price was $196,226 and the average list price was $205,572.  The homes were on the market for an average of 136 daysand sold for an average of 95.45% of the list price.

Today September 27, 2009 there are 195 Louisa County VA homes for sale on the Louisa County real estate market.  The average list price is $359,589 with a median of $244,500.  The homes have been on the market for an average of 175 days so far.

Examining the year to date sales as compared with 2008 will give us more information regarding the trend of the Louisa County real estate market.  Between 1/1/2008 and 9/1/2008, 234 homes sold in Louisa County, but during the same period this year only 184 homes sold.  This represent a decline in sales of -21.4%.

If we go by the August rate of sales, it would take 12.45 months to sell the inventory that is on the market.  6 months of inventory represents a balanced market, so the Louisa County real estate market has quite a ways to go toward recovery.  If you do not need to sell right now, it would be best to wait.  If you do have to sell right away, pricing and condition are crucial.

The above figures are from the mls and while they are assumed 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, "Louisa County VA Real Estate market Report - August 2009".