Albemarle County VA Real Estate Market Report - August 2012

This Albemarle County real estate market report will examine the sale of single family detached homes during August 2012.

August 2011 average list price $462,027.
August 2012 average list price $576,748.

August 2011 average sale price $439,757.
August 2012 average sale price $533,709.

August 2011 median sold price $352,000.
August 2012 median sold price $346,000.

1/1/2011-9/1/2011, 525 Albemarle County homes sold. 
1/1/2012-9/1/2012, 596 homes sold on the Albemarle County real estate market.

A lot of good things have been happening in the Albemarle County real estate market this year.  things have definately been turning around, maybe not as fast or dramatically as we would wish, but it is improving.  Sales are up, inventory is down and prices are stabilizing.  In August of last year we had 10 months of inventory on the market, but in August of this year the absorption rate is down to 8.46 months.  This is still a buyers makert but the Alblemarle County real estate market is trending in the right direction.

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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 2012 by Pam Dent, all rights reserved "Albemarle County VA Real Estate Market Report - August 2012".

 

 

 

 

 
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4 Comments on Albemarle County VA Real Estate Market Report - August 2012

SEP
18
1,030,137 Points 67 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Many of the June/July listings that did not sell are now on the rental market and they are catching the new-hires for the large retail comples at Hydraulic/29 North - those businesses are staffing up from vacant space throughout the area and attracting new residents....WHEW!
4:31am • #1
SEP
22
1,327,581 Points 68 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Pam  It's pretty much the same story in Prince William as it is in Albemarle - good for all involved buying and selling
11:44am • #2
SEP
25
227,635 Points 6 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Interesting that our average list and sales prices are down from last year, but the median sales price is increasing.  
9:09am • #3
OCT
02
374,842 Points 2 Featured Posts Localism Sponsor Outside Blog

Wallace - It does seem like the rental market is strong right now.

Karen -  Things are definately looking up.

Catherine - I agree.

 
6:41pm • #4


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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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