This Greene County VA Real Estate Market Report examines the sale of single family detached homes in Greene County during the month of September as compared with the sales from previous months.
19 Greene County homes sold during September for an average sale price of $227,712. The homes had been on the market for an average of 110 days and sold for an average of 99.38% of the list price.
In August 2009, 18 Greene County homes had contracts that closed. The homes had an average sale price of $272,053, after being on the market for an average of 70 days. They sold for an average of 97.96% of the list price.
20 homes sold in Greene County during the month of July. They had an average sale price of $268,582, an average DOM of 114 and had sold for an average of 97.68% of the list price.
Today, 10/18/2009, there are 161 Greene County VA homes for sale. They are listed for an average of $352,542 and a median of $279,000. The homes have been on the market for an average of 142 days so far.
During the time frame of 1/1/2009-10/2/2009, 132 Greene County homes sold. This represents a decline in sales in the Greene County real estate market of -7.0% as compared with the same period in 2008.
As you can see from the graph Greene County home sales have been holding fairly steady for the past three months. However the sales price has declined steadily over the past three months. Whether this represents an actual decline in home values or merely the fact that consumers are more comfortable buying in a lower price range is something that will take more time to determine as we watch the figures through the next several months. At the September rate of sales we have 9.79 months of inventory listed for sale on the Greene County real estate market. Since a balanced market is 6 months of inventory, you can see that we remain in a buyers market.
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.
View all of the Charlottesville Virginia homes for sale.
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Copyright © 2009 by Pam Dent, all rights reserved, "Greene County VA Real Estate Market Report - September 2009'.
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Looks like a healthy enough market, I'm sure your numbers are down from 2 yers ago, like the rest of us.
I read Adam's blog, NEW GROUP - Market Reports about the new group, Market Reports - and it makes perfect sense to me that we leave comments for one another, to help with promoting each others market reports in the search engines.
John