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Charlottesville Real Estate Market--Which Way Are We Headed?
Well, here it is, FALL!
October 3rd and my kids are already talking about snow!
Me? I'm just glad there's lots of football to watch!
But, in between all the family pleasantries and weekend-football-overeating, I save some time to keep the pulse of our local Charlottesville real estate market.
And, of course, the one question I get asked almost every day: How IS the Charlottesville real estate market?
So, here is my analysis:
First, I'm actually going to limit this discussion just to the County that surrounds Charlottesville-->Albemarle County, and I WON'T include the actual City of C'ville. Different market, different blog.
I'll also only talk about detached single family homes, so no townhomes, condos, attached homes, etc.
Currently, in Albemarle County, there are-
Single Family Homes for sale = 678Prices range from $49,900 to $13,995,000Average price (this number is an aproximation because CAAR MLS cannot acurately analyze over 500 listings at a time) = $364,995# of this 678 total over $1 million dollars = 124Average Days on Market (DOM) = 182# of Charlottesville Foreclosures = 22# of this 678 that are Short Sales = 18Since April 1st of this year:
Total Homes that have sold = 508Prices ranging from $42,000 ... more
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