Charlottesville Real Estate Market Report Year End 2011

Charlottesville Real Estate 2011 Year‐End Highlights:

• Top three areas for sales in 2011 were Albemarle, Charlottesville, and Fluvanna counties.
• The most affordable areas in our market were Greene, Louisa, and Fluvanna counties.
• Overall sales were down a nominal 1.5% from 2010, though up slightly from 2009 levels.
• Active inventory to close 2011 is down 7% from year‐end 2010.
• Days on Market stable since 2010, half of homes sold in 86 days or less in 2011 and average DOM was 149 in 2011.
• Median Sales price for 2011 of $245,000 was down 3.9% from year‐end 2010.