Lake Monticello Real Estate Market Report - July 2009

This Lake Monticello real estate market report will focus on the sales of single family homes in Lake Monticello during July 2009.

12 Lake Monticello homes had contracts that closed during July.  The average sale price was $286,683, with an average DOM of 87.  The homes sold for 95.63 percent of the list price on average.

13 homes sold in Lake Monticello during June 2009 for an average sale price of $204,646 after spending an average of 137 days on the market.  They sold for an average of 97.48% of the list price.

10 Lake Monticello homes sold during May of this year.  The average sale price was $245,750; they were on the market for an average of 102 days and sold for an average of 94.85% of the list price.

During the period from 1/1/2008-8/1/2008, 127 homes sold at The Lake; however, in the same time period this year only 79 Lake Monticello homes sold.  This repressents a decline in sales of -37.8%.

Today 8/16/2009, there are 142 Lake Monticello homes for sale.  The average list price is $268,805, with a median of $229,900.  The homes have been on the market for an average of 132 days so far.

Of the 12 homes that sold in July on the Lake Monticello real estate market, 6 were priced under $200,000, and 4 were priced between $212,000 and $300,000.  Two waterfronts sold for $619,000 and $750,000.  Two of the homes that sold in July were foreclosures.

The above figures are from the mls and while they are presummed to be correct they are not guaranteed.

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, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.  Email Pam Dent.

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 Copyright © 2009 by Pam Dent, all rights reserved, "Lake Monticello Real Estate Market Report - July 2009".