This Albemarle County real estate market report examines the sales of single family detached homes during April 2010.
April 2009, average list price $668,492.00
April 2010, average list price $547,905.00
April 2009, average sale price $599,979.00
April 2010, average sale price $475,156.00
April 2009, median sold price $315,000
April 2010, median sold price $360,000
April 2009, Albemarle County homes sold for 89.75% of the list price
April 2010, Albemarle County homes sold for 92.96% of the list price
From 1/1/2009-4/30/2009, 134 Albemarle County homes sold. During the same time frame in 2010, 158 Albemarle County homes sold. This represents a 17.91% increase in sales this year.
We are seeing an upswing in sales this spring in the Albemarle County real estate market; however when we look at the graph it is evident that the sales are in no way keeping with the new homes that are coming on the market. Our market is improving, but it will be interesting to see if we can keep improving with the end of the $8000 tax credit.
The above figures are from the mls and while they are presumed correct they are not guaranteed.
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