The following is the report of the activity in the Charlottesville, Virginia real estate market for July, 2008.
In July 38 homes were under contingent contract in Charlottesville, Virginia. The average list price was $302,855 and the median price was $247,840. The average days on market was 98.
12 homes were pending at an average list price of $310,258 and a median price of $294,000. They were on the market for an average of 182 days.
68 homes sold in Charlottesville in July with an average list price of $324,799 and an average sales price of $307,817. The median price was $290,500 and they had been on the market for an average of 128 days. The homes sold for an average of 94.77% of list price.
There are currently 351 homes actively listed in the Charlottesville, Virginia real estate market. They are listed at an average price of $351,004 and a median of $299,000. They have been listed for an average of 138 days.
To compare, in June of this year 71 homes sold in Charlottesville, Virginia. The average list price of these homes was $339,104 and they sold for an average price of $326,510. The median was $286,000, with an average days on market of 111. The homes sold for an average of 96.29% of the list price.
At the current rate of sales it is apparent that it is still very much a buyers market. The large inventory combined with the continued low interest rates make for a very good time to buy.
Information from CAAR MLS, deemed correct, but not guaranteed.
Click here to search all of the homes on the market in the Charlottesville, Virginia real estate market.
Pam Dent, e-PRO, SRES, NHD
Real Estate III
Charlottesville, Virginia
434 960-0161
www.JumpintoGreenerPastures.com
www.CharlottesvilleHorseFarmsandCountryHomes.com
Comments (0)Subscribe to CommentsComment