Albemarle County VA Real Estate Market Report - August 2011
This Albemarle County real estate market report will examine the sales of single family detached homes.
August 2010 average list price $456,808.
August 2011 average list price $471,141.
August 2010 average sale price $434,627.
August 2011 average sale price $448,217.
August 2010 median sold price $338,500.
August 2011 median sold price $366,250.
August 2010 %sold/list 95.14%.
August 2011 %sold/list 95.13%.
1/1/2010 - 8/31/2010, 503 Albemarle County homes sold.
1/1/2011 - 8/31/2011, 514 homes sold on the Albemarle County real estate market.
As you can see their has not been a great deal of change in the volume of Albemarle County home sales when you compare this year with 2010. However there are a couple of bright points in this report. We are happy to see the increase in median sold price as compared with August of 2010. Also sales in August of this year are up over last August. And finally I am glad to see August home sales have increased over July's low point. We still have too much active inventory on the Albemarle County real estate market. Home sales are closely tied to the overall economy and like many other businesses we need to see a return of consumer confidence so that purchasers can take advantage of the low interest rates and great home prices.
The above figures are from the mls and while they are deemed to be correct they are not guaranteed.
Contact Pam Dent, e-PRO, SRES, SFR, President Blue Ridge Chapter Women's Council of Realtors, Montague Miller & Company, 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 2011 by Pam Dent all rights reserved "Albemarle County VA Real Estate Market Report - August 2011".
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