Charlottesville Farms Real Estate Market Report - Yearend 2011

This post will examine the sales of Charlottesville farms over the past year. For the purpose of this report we will consider properties over 15 acres.

2010 average list price $1,887,107.
2011 average list price $1,439,348.

2010 average sale price $1,663,847.
2011 average sale price $1,286,576.

2010 median sold price $1,112,500.
2011 median sold price $750,000.

2010 average continuous days on market 361.
2011 average continuous days on market 243.

2010 %sold/list 88.16%.
2011 %sold/list 89.38%.

2010 months inventory 47.07.
2011 months inventory 32.52.

In 2010, 26 Charlottesville farms sold.
In 2011, 38 Charlottesville farms sold.

graph of 2011 sales and inventory Charlottesville farms

There is a lot to like in these numbers.  Obviously we still have way too many months inventory, but we are trending in the right direction.  One of the other figures to compare is the difference in the median sold price between the two days.  This could tell us that prices are down which we know is the case across the board in real estate, but it may be more of an indicator of the price range that is selling.  Purchasers are looking for value right now and buyers of Charlottesville farms are no exception.

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.

Licensed to sell real estate in Virginia.

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.

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Copyright 2011 by Pam Dent all rights reserved "Charlottesville Farms Real Estate Market Report - Yearend 2011".

 

 

 

3 Comments on Charlottesville Farms Real Estate Market Report - Yearend 2011

FEB
02
2012
1,327,681 Points 68 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Pam  Inventory stable and sales up seems like a positive place to be
9:08am • #1
1,568,286 Points 278 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Great job on the report Pam. Your hard work and dedication really shows on how you have made this report. I really like the way on how you paid attention up to the smallest details. Sales and inventory are looking great based on your report. That's good. We wish you well and more success this 2012. Best of luck.
11:16pm • #2
FEB
08
2012
880,778 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Pam I think it is great to look back year over year at the market stats as it really gives you a handle of what has happened in your market!
7:54am • #3


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Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms (Gayle Harvey Real Estate, Inc.) Ambassador_large

Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms

Charlottesville, VA

More about me…

Gayle Harvey Real Estate, Inc.

Address: 2025 Woodbrook Ct., Charlottesville, VA, 22901

Office Phone: (434) 960-0161

Cell Phone: (434) 960-0161

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