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Albemarle County Real Estate Market Report - February 2009
This Albemarle County real estate market report will cover the sales of detatched homes in Albemarle County Virginia during February 2009.  I am frequently asked "how is the real estate market?"  In order to see what is happening with local home sales we must examine the available data.
In February 2009, 40 Albemarle County homes had contingent contracts.  The average list price was $558,775, with a median of $374,450 and an average days on market of 114.
8 homes had contracts pending.  The average list price was $611,545 and the median was $560,000.  The homes were on the market for an average of 66 days.
22 homes were sold on the Albemarle County real estate market during February 2009.  The homes sold for an average of $518,535.  They had been listed at an average price of $560,423, with a median of $336,000, and were on the market for an average of 166 days.  The homes sold for an average of 92.53%.
Lets look at the Albemarle County home sales from January of 2009 to get a sense of where we are going.
In January 2009, 30 Albemarle County homes were under contingent contracts.  The average list price was $500,047 and the ... more

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