This Albemarle County real estate market report is a special request and will focus on sales of luxury homes priced at over $1,000,000.

Yesterday a reader of my market reports called me and requested information on home sales in Albemarle County for homes priced at over $1,000,000.  So this report is for her.  If you have a specific price range, subdivision, or area that you would like a market report on, I would be happy to make one for you.

In September in the over 1 million dollar price range there were not any homes sold in Albemarle County.

In August, 5 Albemarle County luxury homes sold.  The average sale price was $1,640,500.  The homes had been on the market for an average of 202 days and sold for an average of 86.94% of the list price.

In July 4 luxury homes had contracts that closed.  The homes sold for an average of $3,150,000 and had been on the market for an average of 371 days.  They sold for an average of 80.15% of the list price.

And in June, 3 Albemarle County homes sold in the over $1 million price range.  The average sale price was $1,155,000 with an average DOM of 20 days.  They sold for an average of 88.24% of the list price.

Today there are 125 Albemarle County luxury homes for sale.  They are listed for an average list price of $3,239,437 with a median of $1,695,000 and have been on the market for an averge of 278 days so far.

This year to date 27 luxury homes have sold in the Albemarle County Real Estate Market.  This represents a decline in sales of -32.5% from the sale period last year. 

These figures are from the mls and while they are assumed to be 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.  Email Pam Dent.

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 Copyright © 2009 by Pam Dent, all rights reserved,  "Albemarle County Real Estate Market Report - Luxury Homes".