This Charlottesville Virginia Real Estate Market Report Condos will focus on the sale of condos in Charlottesville Virginia and Albemarle County during February 2009.
6 Charlottesville Virginia condos had contingent contracts during February 2009. The average list price was $169,292, with a median of $156,425 and an average DOM of 221.
There were not any condos with contracts pending during February 2009.
3 Condos sold on the Charlottesville Virginia real estate market during February 2009. The average sale price was $129,302. The homes had been listed at an average price of $133,300 and the median was $140,000. The homes had been on the market for an average of 58 days and sold for an average of 97.0% of the list price.
Lets look at how February's figures compare with the condo sales from January of 2009.
2 Charlottesville-Albemarle condos had contingent contracts during January 2009. The average list price was $155,000 and the average DOM was 36.
2 condos had contracts pending with an average list price of $127,450 and an average days on market of 95.
During January 2009, 3 Charlottesville condos sold. The average sale price was $194,000. The condos had been listed at an average price of $204,600 and the median was $214,000. The homes were on the market for an average of 3 days and sold for an average of 94.82% of the list price.
Currently there are 142 Charlottesville Virginia condos for sale in the Charlottesville Virginia Albemarle County real estate market.
The average list price is $229,156 with a median of $179,175. The homes have been on the market for an average of 185 days so far.
Lets also look at how the codo sales so far this year compare with the sales from the same period last year. During the timeframe from 1/1/2008 to 3/7/2008, 30 Charlottesville Virginia condos sold. During the same period in 2009, only 9 condos sold on the Charlottesville Virginia real estate market. This represents a decline of -70.0% in condo sales for this year to date.
The statistics show us that the sales of condos are extremely slow this year so far. The majority of the sales that we are seeing are in the lowest price ranges, particularly in the $100,000-$150,000 price range. This appears to be the area of the market where buyers are comfortable at this time. It could also be reflective of some of the sales of foreclosures that have come on the market.
These figures are from the local mls and while they are deemed correct they are not guaranteed.
Charlottesville Virginia Real Estate Report Townhomes - February 2009
Charlottesville Virginia and Central Virginia Real Estate Market Reports - January 2009
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
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.
Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville Virginia Real Estate Market Report Condos - February 2009".
Comments(3)