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Albemarle County VA Real Estate Market Report - July 2010

By
Real Estate Agent with Gayle Harvey Real Estate, Inc.

This Albemarle County VA real estate market report focuses on the sales of single family detached homes during July 2010.

July 2009 average list price $542,954.
July 2010 average list price $496,708.

July 2009 average sale price $493,979.
July 2010 average sale price $473,251.

July 2009 median sold price $353,000.
July 2010 median sold price $359,000.

July 2009 % sold/list 90.98%.
July 2010 % sold/list 95.27%.

graph of Albemarle County home sales

From 1/1/2009 - 7/31/2009, 376 homes sold on the Albemarle County real estate market.  During the same period in 2010, 439 Albemarle County homes sold.

As we can see from the graph June saw the largest number of homes with contracts that closed.  This was probably due to homes closing that were eligible for the $8,000 tax credit.  July has seen a drop in real estate activity, but that is also a month when many people are on vacation.  We would hope to see increased activity in September. 

 

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