Louisa County Real Estate Market Report - January 2009

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

This Louisa County real estate market report will focus on the sales of single family detatched homes in Louisa County Virginia during January 2009.  Louisa County is located to the east of Albemarle County and Charlottesville, Virginia.  A Louisa County home is perfectly situated for a commute to eaither Charlottesville or Richmond, Virginia.Louisa County home sale

In January 2009, 6 homes in Louisa County had contingent contracts.  The average list price was $162,033 and the median was $149,900.  The homes were on the market for an average of 84 days.

4 Louisa County homes had contracts pending.  They were listed for an average price of $236,415 and the median was $242,330 with an average DOM of 172 days.

Only 1 home sold in Louisa County during January of 2009.  The home sold for $217,000 and had been listed for $225,660.  It had been on the market for 320 days.  The home sold for 96.16% of the list price.

There are currently 255 homes for sale in Louisa County.  The average list price is $346,930 with a median of $239,990.  The homes have been on the market for an average of 183 days.

Lets see how this compares with the home sales during the month of December.

In December 2008, 5 Louisa homes had contingent contracts.  The average list price was $172,320 and the median was $169,500.  The homes were on the market for an average of 110 days.

5 Louisa County homes had contracts pending.  The average list price was $188,696 and the median was $155,000.  The average DOM was 141 days.

8 homes sold in Louisa County during December 2008.  The average sale price was $222,505.  The homes had been listed for an average price of $223,966 and the median was $237,070.  The homes had been on the market for an average of 53 days and sold for an average of 99.35% of the list price.

Lets also look at the home sales from a year ago.
In January 2008 10 Louisa County homes sold.  The average sale price was $366,253.  The homes had been listed for an average price of $385,193 and the median was $289,990.  The homes were on the market for an average of 70 days and sold for an average of 95.08% of the list price.

As you can see the real estate market in Louisa County continues to be extremely slow.  The other thing that is apparent is the fact that the buyers that are out there are not comfortable spending as much on a home as they were a year ago.  The lower median does not mean that home values have gone down that much, but rather it shows us what todays home buyer is comfortable spending.

If you would like to discuss the Louisa County real estate market and how it might relate to your situation, I would be happy to speak with you.  If you are considering buying a Louisa home, now is a great time.  The large inventory offers a lot of choices, interest rates are at historic lows and with the large number of days that some of these homes have been on the market you might be able to get the home of your dreams at a very good price.

Figures from the local mls and while they are deemed correct 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 theLouisa County homes for sale and the Charlottesville, Virginia and Central Virginia Homes for Sale click here and then 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, horse farms, events and real estate.

 

Copyright © 2009 all rights reserved, "Louisa County Real Estate Market - January 2009".

 

 

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