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Charlottesville, VA

Charlottesville VA Real Estate Market Sales And Inventory History

Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms: Real Estate Agent in Charlottesville, VA

Before I start my usual market reports this month, I thought I would share some sales and inventory statistics with you so that we can look at the overall trends in the Charlottesville VA and Albemarle County real estate market.

Sales and Inventory History

Friday, July 03, 2009
Category - Residential / PropType: Detached / Area: 01, 05

Month Year Monthly Sales Avg ListPrice Avg Sale Price % Diff Sell/list Avg DOM Curr Inventory Months Inventory
January 2006 86 $470,044 $457,490 97.33% 82.0 546 6.35
February 2006 93 $483,421 $474,033 98.06% 76.0 641 6.89
March 2006 113 $424,964 $423,674 99.70% 81.0 747 6.61
April 2006 114 $439,065 $431,954 98.38% 78.0 855 7.50
May 2006 155 $431,015 $426,985 99.06% 59.0 955 6.16
June 2006 205 $463,570 $454,685 98.08% 55.0 978 4.77
July 2006 155 $438,783 $431,068 98.24% 67.0 954 6.15
August 2006 144 $515,571 $496,912 96.38% 77.0 935 6.49
September 2006 78 $527,744 $513,346 97.27% 78.0 980 12.56
October 2006 83 $484,038 $463,625 95.78% 88.0 930 11.20
November 2006 103 $631,620 $598,559 94.77% 104.0 861 8.36
December 2006 72 $553,946 $529,611 95.61% 100.0 796 11.06
Total 1401 $488,648 $475,162 97.24% 78.8 848 7.83
January 2007 57 $468,250 $448,318 95.74% 102.0 760 13.33
February 2007 59 $403,778 $395,346 97.91% 110.0 783 13.27
March 2007 95 $431,987 $416,971 96.52% 103.0 878 9.24
April 2007 112 $463,986 $449,955 96.98% 101.0 980 8.75
May 2007 159 $464,782 $451,769 97.20% 80.0 1027 6.46
June 2007 196 $464,162 $451,827 97.34% 68.0 1022 5.21
July 2007 144 $455,017 $439,179 96.52% 72.0 998 6.93
August 2007 133 $550,351 $531,777 96.63% 97.0 975 7.33
September 2007 71 $452,118 $435,097 96.24% 105.0 991 13.96
October 2007 78 $540,264 $512,898 94.93% 100.0 974 12.49
November 2007 71 $413,044 $395,137 95.66% 95.0 940 13.24
December 2007 77 $493,501 $472,664 95.78% 123.0 876 11.38
Total 1252 $466,770 $450,078 96.42% 96.3 934 9.92
January 2008 60 $487,611 $464,255 95.21% 118.0 840 14.00
February 2008 60 $530,688 $501,568 94.51% 132.0 881 14.68
March 2008 73 $389,507 $371,417 95.36% 129.0 951 13.03
April 2008 88 $440,946 $417,420 94.66% 123.0 1028 11.68
May 2008 120 $441,232 $417,155 94.54% 110.0 1024 8.53
June 2008 140 $424,786 $405,606 95.48% 95.0 1011 7.22
July 2008 139 $496,461 $469,054 94.48% 113.0 982 7.06
August 2008 101 $428,019 $412,333 96.34% 104.0 966 9.56
September 2008 74 $448,799 $429,235 95.64% 116.0 962 13.00
October 2008 59 $583,915 $532,563 91.21% 109.0 968 16.41
November 2008 43 $620,926 $572,598 92.22% 107.0 929 21.60
December 2008 57 $572,835 $537,012 93.75% 130.0 860 15.09
Total 1014 $488,810 $460,851 94.28% 115.5 950 12.75
January 2009 29 $418,159 $399,138 95.45% 122.0 801 27.62
February 2009 47 $471,386 $437,171 92.74% 135.0 806 17.15
March 2009 54 $496,089 $474,906 95.73% 150.0 882 16.33
April 2009 58 $528,756 $477,917 90.39% 129.0 973 16.78
May 2009 93 $441,291 $414,423 93.91% 127.0 1031 11.09
June 2009 95 $405,237 $383,979 94.75% 87.0 1035 10.89
Total 376 $460,153 $431,256 93.72% 125.0 921 16.67
Total 2006-2009 4043 $476,095 $454,337 95.43% 104.0 913 12.00

Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month.The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales".This reflects how many months it would take to sell out of inventory at the current months rate of sale.

There is a lot of information in this report. We can see that the average list and average sale prices are down from last year. In addition the homes are selling for a lower percentage of the list price. Not surprisingly days on market has gone up. For this year so far overall the graph tells us that there is 16.67 months of inventory on the market. However if you look at the figures for May and June even though there are more homes on the market the number of sales is way up. We haven't seen that many sales since August of 2008. In addition even though there are more homes on the market there is only 10.8 months of inventory on the market in the Month of June. Hopefully this is the start of a trend and we will see a steady rise over the rest of the year, although as you can see the peak selling months in the Charlottesville real estate market are April - August.

Figures are from the mls and while they are presumed correct 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 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, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

View all of the Charlottesville Virginia homes for sale.

View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.

Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville VA Real Estate Market Sales And Inventory History".

My favorite "patriotic" photo!

Charlottesville Real Estate - Your Trusted Broker Charles McDonald: Real Estate Agent in Charlottesville, VA

This is my favorite "patriotic" photo!

Charlottesville 4th of July

I hope you have a wonderful 4th of July!

Note: Charlottesville Fireworks are not allowed in the city. Crozet has canceled the firework show, but McIntire Park is on as well as places like Keswick Estate and Farmington

About The Author

Charles McDonald, Associate Broker at RE/MAX Assured Properties and dedicated Buyers Agent is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-981-1585 or to search for homes visit: Charlottesville Real Estate

Copyright © 2009 Charles McDonald, All Rights Reserved.

I could not have said it better....

Charlottesville Real Estate - Your Trusted Broker Charles McDonald: Real Estate Agent in Charlottesville, VA

Today I received a nice email from a client whom I showed real estate in Charlottesville to this past weekend:

Real Estate Charlottesville

We wanted to thank you for your time, insight and support during our visit. It’s understandable how people spend some time in C-Ville and end up not leaving. It’s combines a scenic, bucolic lifestyle with nearby areas of activity through the schools and downtown providing an attractive combination. This along with the school system, recreational programs and general cost of housing provide an overall great quality of life for families.
Chuck and Nancy


I spend a lot of time on my blog talking about our area, but I could not have said it better than my clients

come visit anytime

Charlottesville VA Market Report Attached Homes - May 2009

Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms: Real Estate Agent in Charlottesville, VA

This Charlottesville VA market report will focus on the sales of attached homes during May 2009. This post will include the sales of attached homes in the greater Charlottesville area including sales in Albemarle County.

During May 2009, 24 Charlottesville VA townhomes had contracts that closed. They sold for an average price of $236,088 and had been on the market for an average of 101 days. The homes sold for an average of 95.44% of the list price.

For comparison we will look at the April and May sales of Charlottesville attached homes.

In April 2009, 15 townhomes sold in Charlottesville VA. The average sale price was $206,749, with an average DOM of 77. They sold for an average of 100.33% of the list price.

14 Charlottesville Virginia attached homes sold in March 2009. They sold for an average price of $234,354 and were on the market for an average of 52 days. These homes sold for an average of 102.32% of the list price.

You will notice that in March and April the homes sold for an average sale price that was over the list price. This is probably due to the fact that several of those sales were new construction townhomes. If that is the case the homes would have probably been listed at the base price, but often sell for over that price due to upgrades and other options.

graph of Charlottesville attached home sales

graph of Charlottesville attached home sales by median price

To get an overall picture of the Charlottesville VA real estate market for attached homes, we will look at the figures of the sales to date compared with the same period last year. In the time frame from 1/1/2008-6/1/2008, 159 attached homes sold in Charlottesville Virginia. During the same period ihis year 152 homes sold. This is a decline in attahed home sales of -4.4%.

graph of Charlottesville attached home sales year to date

Today June 19,2009 there are 207 Charlottesville VA attached homes for sale. They are listed for an average price of $273,157, with a median of $249,900 and have been on the market for an average of 159 days so far.

The above figures are from the mls and while they are presumed correct are not guaranteed.

Albemarle County VA Real Estate Market Report - May 2009

Charlottesville VA Real Estate Market Report - May 2009

Charlottesville VA Condominiums Real Estate Market Report - May 2009

Fluvanna County VA Real Estate Market Report - May 2009

Louisa County VA Real Estate Market Report - May 2009

Greene County VA Real Estate Market Report - May 2009

Lake Monticello Real Estate Market Report - May 2009

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Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 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, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

View all of the Charlottesville Virginia homes for sale.

View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.

Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville VA Market Report Attached Homes - May 2009".

University of Virginia - Art Museum

Charlottesville Real Estate - Your Trusted Broker Charles McDonald: Real Estate Agent in Charlottesville, VA

Charlottesville Art

The University of Virginia (UVA) Art Museum is a must see!

"Just around the corner from Thomas Jefferson's Rotunda, the University of Virginia Art Museum presents art from cultures throughout the world..."

Located at 155 Rugby Road and open Tues-Sun from 1-5pm, plan a day to see some of the fine art in Charlottesville.

It is amazing to me how many things are available around Charlottesville, you can tour Monticello, Visit Vineyards, take in a show or see fine Art.

Come see what all the excitement is around Charlottesville, and remember the arts!

Also visit http://www.virginia.edu/artmuseum and for Charlottesville Real Estate

Make Art a part of your World!