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Charlottesville VA Real Estate Market Report Attached Homes - November 2009

By
Real Estate Agent with Gayle Harvey Real Estate, Inc.

This Charlottesville VA real estate market report examines the sales of attached homes and townhouses in Charlottesville and Albemarle County during November of 2009.

33 Charlottesville town houses sold during November.  They sold for an average price of $226,400 after spending an average of 135 days on the market.  The homes sold for an average of 98.24% of the list price.

25 attached homes sold in Charlottesville in October 2009.  The average sale price was $307,329.  The town homes were on the market for an average of 126 days and sold for an average of 95.98% of the list price.

In September 27 Charlottesville attached homes had contracts that closed.  The homes sold for an average of $267,900 and had an average DOM of 70 days.  They sold for an average of 99.85% of the list price.

graph of Charlottesville sales of attached homes

Graph of Charlottesville attached home sales by median price

Today, 12/18/2009, there are 148 Charlottesville town houses for sale.  The average list price is $262,658 and the median is $229,945.  They have been on the market for an average of 208 days so far.

So far this year from 1/1/2009 - 12/1/2009, 363 attached homes have sold on the Charlottesville VA real estate market.  This is an increase in sales of 19.0% over the same period in 2008.

The sales of town houses is the strongest segment of the local real estate market.  The majority, by far, of the attached home sales have been in the $150,000 - $300,000 price range.  Town houses have proven to be an affordable and popular choice for first time homebuyers taking advantage of the $8,000 tax credit.  In addition, this segment of the market has probably benefited from the difficulty in obtaining comdominium financing.  Going by the November rate of attached home sales there is 5.42 months of inventory of town homes on the Charlottesville market. 

The above figures are from the mls and while they are deemed correct, they are not guaranteed.

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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.

 

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 Reports Attached Homes - November 2009".

 

 

 

 

 

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