2011 Charleston WV Real Estate Market virtually unchanged over 2010. Charleston is the capital city of West Virginia, and the county seat of Kanawha. The Charleston area market is home to over 51,000 residents within the city limits and over 300,000 in the metro area.
Historically, the Charleston WV real estate market has been fairly stable, not given to wild ups and downs other markets experience. 2011 was no different.
1232 listings completed escrow in 2011. This was a loss of only 10 over the 1242 homes sold in 2010. The last two years failed to reach the high point 2009 saw with 1326 sales.
DAYS ON THE MARKET
How quickly your house sales is one of the most important thing to a home seller, aside from how much money their house is going to sell for. Since 2009, the days on the market for Charleston WV homes have seen minimal change. 2011 was the highest with 92 being the average. The year prior to last, was the lowest with homes taking only 84 days to go under contract.
Show me the money! That is THE most important area when it comes to home sales. Charleston WV home sellers want to get the most out of their home to apply to the next home or phase in their life. The final sale price fluctuated the most out of the three categories. In 2011, the average home sale price dipped $2,614 from the prior year. While this is a slide down, it is a big gain from 2009 when the average Charleston WV home sold for $128,822. This is a $5844 increase.
In summary, the data provided shows that the housing market for Charleston, WV is fairly stable and not given to wild fluctuations and was virtually unchanged over the previous year.