Fluvanna County, Virginia Market Report - October 2008

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

This week we are continuing to examine what happened in the Central Virginia real estate market during the month of October.  This post will focus on the sales figures of single family detached homes in Fluvanna County, Virginia.

In October 2008, 12 Fluvanna County homes had contingent contracts.  The average list price was $313,333.00 and the median was $244,450.  The homes had been on the market for an average of 115 days.

4 Fluvanna homes had contracts pending.  Their average list price was $298,688, with a median of $230,425 and an average days on market of 140.

In October 2008, 26 homes sold in Fluvanna County for an average sales price of $257,161.  They had been listed at an average price of $264,774 and the median was $234,982.  The homes had been on the market for an average of 97 days and they sold for an average of 97.12% of the list price.

On November 1, 2008, 335 Fluvanna homes are actively listed for sale at an average list price of $302,933 and a median of $250,000.  So far they have been on the market for an average of 161 days.

To further see what is going on in the Fluvanna real estate market, we should compare these figure with the sales in September of 2008.

13 Fluvanna homes had contingent contracts in September 2008.  The average list price was $261,638, the median was $249,000, and days on market was 108.

In September 14 homes had contracts pending with an average list price of $255,312 and a median of $249,000.  They were on the market for an average of 129 days.

20 Fluvanna County homes sold in September 2008.  The average sales price was $251,906, and the average list price was $259,301.  The median was $223,750 and the had been on the market for an average of 113 days.  They had an average of 113 days on the market.

We should also consider the home sales from last year.  In October 2007, 35 Fluvanna County homes sold.  The average sales price was $301,706, the average list price was $306,002, with a median of $266,740.  They were on the market for an average of 95 days and sold for an average of 98.60% of the list price.

In addition let's look at the sales that have take place this year to date.  From January 1, 2008 - October 31, 2008 270 homes sold in Fluvanna County.  During the same time period in 2007 379 homes sold.  This is a decline in sales of -28%.

As you can see from these figures if you do have to sell your home at this time it is important to price your home aggressively and to have it in the best possible condition so that it will be the one that stands out from the competition.  In sddition with 85% of homebuyers now starting their search online it is necessary to hire an agent who has a strong internet presence.  If you are buying, you may have the opportunity of a lifetime.  With the high inventory of homes on the market you have a lot of choices, interest rates have remained low, and many sellers have become more negotiable.  You may be able to purchase that dream home at a great price.

Figures are from the mls, and while deemed accurate are not guaranteed.

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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.

 

For more information on Charlottesville, and Central Virginia real estate news and events visit my other blog at Charlottesville Horse Farms and Country Homes.

 

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