Fluvanna County Real Estate Market Report January 2009

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

This Fluvanna County real estate market report will look at the sales of Fluvanna County detatched homes in January 2009.  Fluvanna County adjoins Albemarle County to the east and is an an easy commute to both Charlottesville and Richmond, Virginia.sold sign

11 Fluvanna County homes had contingent contracts during January 2009.  The average list price was $175,445, with a median of $179,000, and an average of 118 days on the market.

5 homes had contracts pending.  The homes were listed for an average of $212,900 and had a median of $174,900 with an average DOM of 161.

In January 2009, 4 homes sold in Fluvanna County with an average sale price of $403,650.  The homes had been listed for an average price of $428,225 and had a median of $397,000.  The homes had been on the market for an average of 192 days.  The homes sold for an average of 94.26% of the list price.

As of today, February 3, 2009, 285 homes are actively listed on the Fluvanna County real estate market.  The average list price is $308,767 and the median is $255,000.  The homes have been on the market for an average of 167 days.

For comparison lets look at the figures from last month.

In December 2008, 7 Fluvanna homes had contingent contracts.  The average list price was $318,528 and the median was $220,000.  The homes were on the market for an average of 114 days.

8 Fluvanna County homes had contracts pending.  The average list price was $318,528 and the median was $338,850 with an average days on market of 154.

In December 2008, 18 Fluvanna County homes had contracts that closed.  The average sale price was $234,089.  The homes had been listed for an average price of $243,661 and the median was $195,350.  They were on the market for an average of 167 days and sold for an average of 96.07% of the list price.

Lets also compare the current real estate activity with what was going on at this time last year.

In January 2008, 17 homes sold in Fluvanna County.  They sold for an average price of $277,700.  The homes had been listed at an average price of $287,029 and the median was $255,000.  They were on the market for an average of 97 days and sold for an average of 96.75% of the list price.

What do these figures tell us?  One thing that we can see is that the median price of the pending and contingent homes in January is down from the homes that went under contract in December.  This does not mean that the homes values have dropped this far, but rather shows us what consumers are willing to spend at this time.  It may also reflect the sales of foreclosures which have come into the market.  We can also see that the overall sales numbers are very flat.  With the large amount of inventory still on the market, we will have to see a major rise in sales to buy down this inventory before we will have a return to a stable market.  It is still a great time to buy with lots of homes to choose from, historically low interest rates, many sellers who are ready to negotiate, and foreclosures on the market offering some good deals.

If you would like to talk about the Fluvanna County real estate market and how it would impact your particular situation,  I would be happy to speak with you.  If you are considering selling your home in this market, with 85% of homebuyers beginning their search on line, be sure that you hire an agent who has a major internet presence.

Figures are from the local mls and while they are deemed accurate they 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.

 Visit my website  Jump into Greener Pastures or read my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville homes, Charlottesville horse farms, events and real estate.

 

Copyright © 2009 by Pam Dent, all rights reserved, "Fluvanna County Real Estate Market January 2009.

 

 

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Rainmaker
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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Pam good work keeping consumers in your area informed of what is going on in the market.

Feb 03, 2009 01:48 PM #1
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Pam,  Excellent report - I believe market reports and community profiles are the key to letting the public know that you are yhe local expert  Karen

Feb 03, 2009 11:54 PM #2
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Pam Dent
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
REALTOR® - Charlottesville Virginia Homes / Horse

Bill - Thank you. 

Karen - Market Reports don't get many comments, but that's ok; when I look at my stats they are always one of the most viewed pages.

Feb 19, 2009 11:28 AM #3
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