Below is the June market report for the entire Charlottesville Association of Realtors real estate market.  I will also be breaking the report down into specific areas and neighborhoods in following posts.  Be on the lookout for the section of the market that you are interrested in.  This report includes all kinds of residential properties: detached homes, attached homes, condos, and farms.

In June 192 new properties came on the market at an average list price of $474,362 and a median of $339,450.

There were 94 contingent contracts at an average list price of $407,357 and a median price of $326,200.

33 contracts were pending with an average list price of $512,966 and median of $298,000.

122 homes sold with an average list price of $500,850 and an average sold price of $453,052 with a median of $298,000.  The average days on market was 94.  These homes sold at an average of 90.46% of list price.
This compares to 110 homes sold in May of 2008 with an average list price of $424,348, average sales price of $402,340 and median of  $303,908 with an average of 99 days on market.  These homes sold at an average of 94.81% of list price.

As of today July 4 there are 1079 properties actively on the market in the area with an average list price of $779,978 and a median price of $379,950.

Pam Dent, e-PRO, SRES
Real Estate III
Charlottesville, VA
 434 960-0161 
www.JumpintoGreenerPastures.com
www.CharlottesvilleHorseFarmsandCountryHomes.com