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June Market Data for Albemarle County

This post will keep you up to date on what happened in the Albemarle County real estate market in June. Albemarle County surrounds the city of Charlottesville and is one of the most beautiful areas in Virginia. These figures track the real estate activity for detached single family homes in the past month of June.

There were 79 contingent contracts on homes ranging from $104,000- $1,500,000.

91 homes had pending contracts with list prices ranging from $129,900-$2,500,000.

77 homes sold in June for an average price of $452,930 and a median price of $375,000. They sold for an average of 95.38% of list price and had an average of 79 days on the market. This compares with 73 homes sold in Albemarle County in the month of May 2008.

There are 719 active listings ranging in price from $84,500-$18,000,000.

With the current number of homes on the market and judging by the May sales rate there is approximately 9.33 month of inventory so it is still very much a buyers market.

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

Posted by Pam Dent -Charlottesville, Albemarle,VA horse farms, residential, country homes on 07/05/2008 09:56 PM

Comments (2)

real estate market, charlottesville, virginia, albemarle county, homes, listings, buyers

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2 Comments on June Market Data for Albemarle County

Wow...79 contingent contracts...that's wild

07/05/2008 10:38 PM

by Larry Bettag - Cherry Creek Mortgage

Larry - Those two or three contingents that came on the hotsheet every day didn't seem like much until you see the total for the month. But we still have over 9 months worth of inventory on the market.

07/06/2008 09:07 AM

by Pam Dent -Charlottesville, Albemarle,VA horse farms, residential, country homes (Real Estate III)

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