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Albemarle County Virginia- October market Report
Its the beginning of a new month and the perfect time to evaluate what has been going on in the local Albemarle County real estate market.  We have been hearing on the national news a lot about the state of the real estate market, but how does Albemarle County compare?
The following data is for single family detached homes in Albemarle County, Virginia.
In October 2008, 31 Albemarle County homes were under contingent contracts.  The average list price was $702,938 and the median was $349,248 with an average of 153 days on the market.
12 homes had pending contracts.  Their average list price was $1,119,563 and the median was $462,450.  They were on the market for an average of 98 days.
In October 2008, 33 Albemarle County homes sold.  The average sales price was $637,347, with an average list price of $709,451, and a median of $432,500.  They were on the market for an average of 138 days and sold for an average of 89.84% of the list price.
Currently there are 715 homes actively listed in Albemarle County.  The average list price is $968,151, the median is $500,000 and they have been on the market an average of 176 days.
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