We are starting a new month and it is the perfect time to look at what has been going on over the past month in the Charlottesville, Virginia real estate market. The following market report will deal with the sales of single family homes, condos and townhomes in the city of Charlottesville.
In September, 2008 26 Charlottesville homes had contingent contracts. The average list price was $301,996 and the median was $257,200. The homes were on the market for an average of 168 days.
8 Charlottesville homes had pending contracts. The average list price was $262,538 and the median was $269,700. They were on the market for an average of 161 days.
In September, 2008 45 Charlottesville, homes sold. The average sales price was $257,153, the average list price was $270,224 and the median was $215,000. The homes were on the market for an average of 59 days and sold for an average of 95.16% of the list price.
Lets compare these figures with August, 2008 when 49 homes sold for an average sales price of $284,243, an average list price of $284,243, and a median price of $256,250. They were on the market for an average of 81 days and sold for an average of 95.01% of the list price.
For further comparison lets look at the sales of Charlottesville homes in August of last year. In August of 2007, 47 Charlottesville homes were sold. The average sales price was $324,871 and the average list price was $332,177. The median was $299,000 and the homes were on the market for an average of 100 days. The homes sold for an average of 97.80 percent of the list price.
Currently there are 325 homes actively listed in the Charlottesville, Virginia market. The average list price is $350,529 and the median is $299,000. They have been on the market for an average of 149 days.
As you can see from these figures it is still very much a buyers market. There is a lot of inventory to chose from and homes are selling on average for 2 1/2% less of their asking price than they were a year ago. With the length of time that many of these homes have been on the market, you may be able to get your dream home for a very good price. If you are considering selling, it is very important to price your home properly. I would be happy to perfom a cma on your home to give you an idea of what your home may bring in today's market.
Information obtained from mls and while believed accurate is not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.