Charlottesville VA Real Estate Market Report Condominiums - April 2011

Charlottesville Virginia Real Estate Market Report Condominiums - April 2011

This Charlottesville VA real estate market report will look at the sales of condominiums in the city of Charlottesville and Albemarle County during April.

April 2010 average list price $216,843.
April 2011 average list price $153,991.

April 2010 average sale price $205,941.
April 2011 average sale price $150,871.

April 2010 median sold price $123,750.
April 2011 median sold price $131,125.

April 2010 %sold/list 94.97%.
April 2011 %sold/list 97.97%.

graph of Charlottesville condo sales

1/1/2010 - 4/30/2010 Charlottesville condo sales - 54.
1/1/2011 - 4/30/2011 Charlottesville condominium sales - 51.

graph of Charlottesville condo sales & inventory

Condominium sales remain slow on the Charlottesville real estate market. The difficulty in obtaining comdominium financing is a contributing factor. This has resulted in the foreclosures that we have seen in several condo projects. These units have cone on at a price that is attractive to investors with cash. With over a years worth of inventory on the market Charlottesville condominiums remain strongly a buyers market.

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

Posted Thursday May 12