The following are the market statistics for the year to date in Albemarle County.  If we compare this years closed sales to date with last year's it is readily apparent that the market has definatley not picked up yet in this area.  From this data it is fair to say that it is definately still a buyer's market and it might be a good time to make an offer on a home.  With sales this slow it is very important that your home be in excellent condition and priced well in order to sell.

Sold price                         Last year                   This year                   Last year vs this year 

$0           -$99,999                   0                                2                                     0.0%

$100,000 -$149,999                 12                             14                                     17%

$150,000-$199,999                  97                             18                                    -81%

$200,000 -$249,999                 64                             39                                    -39%

$250,000 -$299,999                 76                             40                                    -47%

$300,000 -$349,999                 55                             31                                    -44%

$350,000 -$399,999                 46                             39                                    -15%

$400,000 -$449,999                 22                             17                                    -23%

$450,000 -$499,999                 16                             18                                    -13%

$500,000 -$549,999                 12                              7                                     -42%

$550,000 -$599,999                 18                              8                                     -56%

$600,000 -$699,999                 32                             18                                     -44%

$700,000 -$799,999                 21                              5                                      -76%

$800,000 -$899,999                  7                               3                                      -57%

$900,000 -$999,999                  3                               4                                       33% 

$1,000,000 -$1,499,999           15                              11                                     -27% 

$1,500,000 -$1,999,999            2                               3                                        50%

$2,000,000 -above                   1                                2                                      100%

Total                                     499                             279                                  -44.1%

These figures are for 011/2007-5/22/2007 of last year and 01/01/2008-5/22/2008 of this year.

Pam Dent, e-PRO, SRES
Real Estate III
Charlottesville, VA
www.JumpintoGreenerPastures.com
www.Charlottesville.virginiablogpage.com